Highlights

  • Resampling at Yardilla returned up to 2.42 g/t gold over 1m, along with copper and silver anomalism.
  • A bedrock conductor was identified at North Tuckabianna for drill testing.
  • Cullen applied for a new exploration licence covering about 250km² in the Errabiddy Shear Zone.
  • The Bromus project was sold to Sinclair Gold for $350,000 in shares and $100,000 in cash.

Cullen Resources Limited (ASX:CUL) has released its quarterly report for the period ended 30 September 2026. The company reported results from its Yardilla Gold Project, identified a drill target at North Tuckabianna and provided updates on its joint ventures and corporate activities.

Yardilla Gold Project

First-pass air core drilling at the historical Lila and Cleanthes gold prospects, each with about 2km of strike, was followed by 1m resampling. Results returned up to 2.42 g/t gold over 1m, 2,610 ppm copper and up to 6.7 g/t silver, along with a broader zone of 20m at 0.11 g/t gold from 30m.

Mineralisation is hosted in weathered gneisses linked to the regional Cundeelee Fault on the margin of the Yilgarn Craton. Deeper air core and RC drilling is a stated priority, and Terra Resources has been commissioned to build a geological model to help prioritise targets.

North Tuckabianna and New Ground

At the North Tuckabianna Copper-Gold Project near Cue, a moving-loop EM survey identified a bedrock conductor along a felsic-mafic contact, next to historical gold anomalies and about 2km south-east of Cyprium's Hollandaire copper-gold resource. Modelling places the target about 200m below surface, and a 200m hole is proposed.

Cullen also plans first-pass mapping and sampling at its Marymia Inlier Gold Project and has applied for a new exploration licence of about 250km² in the Errabiddy Shear Zone, about 35km south-west of a recent discovery by Falcon Metals.

Joint Ventures and Corporate Update

Cullen holds carried interests in several joint ventures. At Mt Eureka, partner High Tech Metals reported four priority targets, while at Killaloe, Lachlan Star completed a gravity survey and secured access for drilling. In Finland, two diamond holes at Killerö W returned a best result of 0.98% copper over 1.0m.

In July, Cullen sold its Bromus tenements to Sinclair Gold for $350,000 in shares and $100,000 in cash. Cash stood at $176,000 at 30 September 2026, and the company said it expects to fund activities through equity, borrowings or the sale of non-core assets if required. It also holds royalties over West Pilbara iron ore tenements.

Key Takeaways

  • Yardilla returned gold, copper and silver anomalism, with deeper drilling planned.
  • North Tuckabianna now has a defined bedrock conductor ready for drilling.
  • Joint venture partners are advancing exploration on Cullen's carried interests.
  • Cullen's low cash balance means additional funding is likely to be required.