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The latest announcement is out from Cullen Resources Limited ( (AU:CUL) ).
Cullen Resources has reported results from four slimline reverse circulation drill holes at its Wongan Prospect in the Wongan Hills greenstone belt, aimed at testing induced polarisation, geochemical, structural and air core anomalies for copper and base metals. The program, which also included plans to drill gold and silver soil anomalies at the nearby Rupert Prospect, was cut short due to a rig breakdown and heightened fire risks.
Key outcomes included drill hole WHRC025 intersecting an ultramafic–basalt contact with the highest copper assays yet recorded at Wongan outside the main laterite anomaly, confirming a copper-anomalous ultramafic–mafic contact that remains open along strike. Although the other three holes returned only low-order or no significant anomalies, the combination of IP and VTEM responses, stratigraphic contacts and NE–SW faults has refined future drill targets and supports continued exploration focus on structurally controlled zones at Wongan.
The most recent analyst rating on (AU:CUL) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Cullen Resources Limited stock, see the AU:CUL Stock Forecast page.
More about Cullen Resources Limited
Cullen Resources Limited is an Australian mineral exploration company focused on discovering copper and base metal deposits, particularly within greenstone belt terrains such as the Wongan Hills region of Western Australia. The company targets volcanic-hosted massive sulphide and intrusion-related mineralisation models to build a pipeline of early-stage exploration prospects.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$4.85M
For detailed information about CUL stock, go to TipRanks’ Stock Analysis page.