Cullen Resources Limited ( (AU:CUL) ) has shared an update.
Cullen Resources Limited has exercised an option to acquire a 90% interest in the Yardilla project, located in the Eastern Goldfields of Western Australia. This strategic move involves a substantial land package of approximately 325 square kilometers, which includes promising prospects like Lila and Cleanthes. The project is situated in a geological setting similar to the Tropicana gold deposit, potentially enhancing Cullen’s exploration efforts. The acquisition is expected to bolster Cullen’s position in the gold exploration sector, with ongoing efforts to secure a Heritage Protection Agreement to facilitate the granting of the tenement.
More about Cullen Resources Limited
Cullen Resources Limited, through its subsidiary Cullen Metals Pty Ltd, operates in the mining industry with a focus on exploration and development of mineral resources. The company is primarily involved in gold exploration in the Eastern Goldfields of Western Australia.
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$3.47M
For a thorough assessment of CUL stock, go to TipRanks’ Stock Analysis page.