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Cullen Resources Limited ( (AU:CUL) ) just unveiled an update.
Cullen Resources has outlined an active March-quarter exploration schedule, with heritage clearance at its Yardilla gold project expected in February ahead of air core and reverse circulation drilling at the Cleanthes and Lila prospects, targeting historical shallow gold anomalies. At Wongan Hills, the company plans to start reverse circulation drilling in early February to follow up shallow copper anomalies at the Wongan prospect and structurally controlled gold and silver soil anomalies at Rupert, testing both VHMS and intrusion-related copper mineralisation models. In parallel, Cullen’s carried interests in several joint ventures are progressing, including fully funded diamond drilling now under way at the Killerö gold-copper target in Finland, where a significant base-of-till anomaly is being tested, resource and exploration drilling planned at the Mt Eureka JV in Western Australia, and follow-up work at the Killaloe JV after RC drilling extended the shallow gold system at Duke Main. Collectively, these programs signal a busy period of drilling that could materially influence Cullen’s resource base and strategic positioning in both Australian and Scandinavian mineral districts.
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 exploration company focused on gold and base metals, with key projects in Western Australia and a portfolio of carried interests in joint ventures, including gold-copper exploration licenses in Finland’s Central Lapland Greenstone Belt. The company advances its own projects, such as Yardilla and Wongan Hills, while leveraging partners to fund and operate drilling programs on priority targets across highly prospective terranes.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$5.55M
See more data about CUL stock on TipRanks’ Stock Analysis page.