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Cullen Resources Limited (ASX:CUL)

ALERT: Price-sensitive ASX Announcement for CUL
Current share price for CUL : $0.006 -0.002 (-25%)+
Announcement
Release
29 Jul 2026 9:19AM
Price at Release
$0.008
Full Release
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Summary
Cullen Resources Limited released its quarterly activities report and Appendix 5B cash flow statement for the quarter ending 30 June 2026. The company focused on several projects in Australia, including the Yardilla Gold Project and the Marymia Inlier Project. Exploration efforts at Yardilla confirmed and extended historical gold anomalies, with further drilling planned. The Marymia Project has had exploration licenses granted and field exploration is set to commence. The company also reported on its Finland JV where diamond drilling intersected significant veining, indicating copper-silver mineralization. Financially, the company recorded net cash used in operating activities of $366,000 and a modest net cash increase from investing activities due to the sale of royalty and tenements. The sale of the Bromus Project to Alicanto Minerals and the ongoing exploration programs were highlighted as key corporate activities. The report also noted that no work was conducted on certain joint ventures during the quarter.
Key Points
  • Quarterly report for period ending 30 June 2026.
  • Focus on Yardilla Gold Project and Marymia Inlier Project.
  • Exploration at Yardilla confirmed and extended historical anomalies.
  • Marymia Project's exploration licenses were granted; exploration to commence.
  • Finland JV drilling indicated copper-silver mineralization.
  • Net cash used in operating activities was $366,000; investing activities yielded net cash due to asset sales.
  • Sale of Bromus Project to Alicanto Minerals.
  • No work conducted on certain joint ventures 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.