InvestSMART

Cullen Resources Limited (ASX:CUL)

ALERT: Price-sensitive ASX Announcement for CUL
Current share price for CUL : $0.006 -0.002 (-25%)+
Announcement
Release
28 Apr 2026 9:30AM
Price at Release
$0.008
Full Release
download
Summary
Cullen Resources Limited reported its quarterly activities and cash flow for the period ending 31 March 2026. The company had a net cash outflow from operating activities of $375,000 and received $1,500,000 from the sale of a royalty. Financing activities included advances from directors, resulting in a net outflow of $60,000 after repayments. The cash position at the end of the quarter was $609,000. Key projects included planning for drilling at the Yardilla Gold Project and securing an access agreement for exploration at the Marymia Inlier. Payments to related parties amounted to $81,000 during the quarter, with no funds raised through equity or debt issues.
Key Points
  • Net cash used in operating activities was negative $375,000 for the quarter.
  • Proceeds from the sale of non-current assets totaled $1,500,000.
  • Advances from directors provided a net cash inflow of $110,000, with repayments of $170,000.
  • Cash and cash equivalents at the end of the period were $609,000.
  • Payments to related parties during the quarter totaled $81,000.
  • The company plans to continue drilling activities at the Yardilla Gold Project.
  • An access agreement has been signed for exploration at the Marymia Inlier project.
  • No proceeds were raised from equity securities or convertible debt securities during the quarter.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.