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Cullen Resources Limited ( (AU:CUL) ) has provided an update.
Cullen Resources Limited has completed initial RC drilling at the Wongan and Rupert Prospects, aimed at testing IP anomalies and understanding bedrock lithologies. The drilling revealed pyritic cherty BIF at the Rupert Prospect, suggesting a source of the IP anomaly, while the Wongan anomaly remains unexplained. However, the assay results did not justify further deep drilling at this stage. Future exploration will focus on soil anomalies and interpreted faults near these prospects, indicating potential areas for further testing.
More about Cullen Resources Limited
Cullen Resources Limited operates in the mineral exploration industry, focusing on the discovery and development of base and precious metal deposits. The company’s primary activities involve exploration projects across various prospects, with a market focus on enhancing its resource base through systematic drilling and geochemical analysis.
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$3.47M
Find detailed analytics on CUL stock on TipRanks’ Stock Analysis page.
