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The latest announcement is out from Cullen Resources Limited ( (AU:CUL) ).
Cullen Resources Limited has completed the sale of its Wyloo Iron Ore Royalty to Vox Royalty Australia Pty Ltd for A$1.5 million in cash. This transaction marks a strategic move for Cullen, allowing it to retain a right to a significant cash payment contingent on future mining decisions at Wyloo. The sale enhances Cullen’s financial position and aligns with its strategy of leveraging exploration assets through strategic partnerships and sales.
More about Cullen Resources Limited
Cullen Resources Limited is a Perth-based minerals exploration company with a diverse portfolio of multi-commodity projects. The company engages in joint ventures with key partners and independently manages several projects, focusing on data compilation, field reconnaissance, and early-stage exploration. Cullen targets a wide range of commodities primarily in Australia, with some overseas opportunities considered.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$4.85M
See more insights into CUL stock on TipRanks’ Stock Analysis page.