Board Change • Dec 24
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. CEO, MD & Director Chris Ringrose was the last director to join the board, commencing their role in 2003. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 25
Cullen Resources Limited, Annual General Meeting, Nov 27, 2025 Cullen Resources Limited, Annual General Meeting, Nov 27, 2025. Location: at the boardroom, ground floor, 3 spring street, sydney nsw 2000 Australia Announcement • Oct 22
Cullen Resources Limited, Annual General Meeting, Nov 21, 2024 Cullen Resources Limited, Annual General Meeting, Nov 21, 2024. Location: at the boardroom, ground floor, 3 spring street, sydney nsw 2000. Australia Reported Earnings • Sep 27
Full year 2024 earnings released: AU$0.002 loss per share (vs AU$0.002 loss in FY 2023) Full year 2024 results: AU$0.002 loss per share (in line with FY 2023). Net loss: AU$1.14m (loss narrowed 2.1% from FY 2023). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Announcement • Jul 24
Cullen Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.140346 million. Cullen Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.140346 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 190,057,744
Price\Range: AUD 0.006
Transaction Features: Rights Offering New Risk • Mar 15
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$1.3m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.3m free cash flow). Shares are highly illiquid. Earnings have declined by 7.4% per year over the past 5 years. Revenue is less than US$1m (AU$123k revenue, or US$81k). Market cap is less than US$10m (AU$4.56m market cap, or US$3.00m). Minor Risk Shareholders have been diluted in the past year (13% increase in shares outstanding). Board Change • Mar 11
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. MD & Director Chris Ringrose was the last director to join the board, commencing their role in 2003. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 09
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. MD & Director Chris Ringrose was the last director to join the board, commencing their role in 2003. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. MD & Director Chris Ringrose was the last director to join the board, commencing their role in 2003. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 27
Cullen Resources Limited, Annual General Meeting, Nov 29, 2023 Cullen Resources Limited, Annual General Meeting, Nov 29, 2023, at 09:00 E. Australia Standard Time. Location: Boardroom, Ground Floor, 3 Spring Street Sydney NSW 2000 Sydney Nsw 2000 Australia Agenda: To receive and consider the Financial Statements of the Consolidated Entity as at 30 June 2023, the Statement of Comprehensive Income for the year ended on that date, together with the reports of Directors and Auditors thereon; to consider Adoption of Remuneration Report; to consider Re-election of a Directors; to consider Issue of Options Mr John Horsburgh; to consider Issue of Options Dr Chris Ringrose; to consider Issue of Options Mr Wayne Kernaghan; to consider approval of 10% placement facility; and to consider other business matters. Board Change • Oct 24
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. MD & Director Chris Ringrose was the last director to join the board, commencing their role in 2003. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Sep 23
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$1.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.2m free cash flow). Shares are highly illiquid. Earnings have declined by 8.2% per year over the past 5 years. Revenue is less than US$1m (AU$85k revenue, or US$54k). Market cap is less than US$10m (AU$4.54m market cap, or US$2.92m). Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding). New Risk • Sep 06
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 10% per year over the past 5 years. Revenue is less than US$1m (AU$56k revenue, or US$36k). Market cap is less than US$10m (AU$5.04m market cap, or US$3.22m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$1.3m). Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (24% increase in shares outstanding). Board Change • Sep 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. MD & Director Chris Ringrose was the last director to join the board, commencing their role in 2003. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 04
Cullen Resources Limited Announces New Soil and Rock Assays Highlight Lithium Prospectivity, Barlee, W.A Cullen Resources Limited announced that New soil and rock assays highlight lithium prospectivity, Barlee, W.A. UF assays have been received for soil sampling completed near Trainers Rocks (E77/2688, E57/1135) targeting lithium-in-pegmatites. Assays outline high-priority geochemical targets for lithium over ~6km of strike - and support previously reported rock chip anomalies . The soil assays show coincident Li-Cs-Nb-Sn-Ta-Rb anomalies over a large target trend - with a max UF soil assay of 261ppm Li. New rock sample assays (13), of pegmatites and granites, within this target trend, include a maximum, Li value of 2859 ppm (with 277ppm Cs). Reconnaissance air core drilling and further soil sampling is planned along this granite - mixed greenstone/granite target trend. BARLEE, Central Yilgarn (Cullen 100%) - targeting gold, and lithium-in- pegmatites. Barlee is a ‘greenfield’ project which extends from 10 - 55 km SSE of the Penny Gold deposit (previously ‘Penny West’) and the Youanmi greenstone belt, towards the NW tip of the Marda - Diemals greenstone belt. It covers significant strike of underexplored shear zones and numerous elongate and/or folded aeromagnetic anomalies (highs), which are greenstone (including mafics-ultramafics) intercalated within the granite terrane. 17 rock chip samples rock chip of pegmatites were completed in July 2022 mainly from the south-east corner of E77/2688 near Trainers Rocks, where pegmatites have been mapped by the Geological Survey of Western Australia. Assay results show promoted to anomalous levels of lithium and some indicator elements (Ta, Cs, Sn and Rb), which have identified a fertile environment for lithium-bearing pegmatites. A maximum value of 768 ppm Li2O was recorded, with 6 samples collected in the immediate area averaging 417ppm Li2O. Moderately anomalous pegmatites were also sampled 6 km to the north on the same trend. During the December Quarter, a further 13 rock chip /`grab’ samples of granites, pegmatites and pegmatitic granites +/- greenstone inclusions, and 102 soil samples were collected from near Trainers Rocks, as follow up to July 2022 program. Soils assay data from this program support previous results with anomalies forming clear target trends. Rock chip samples also show anomalies of Li and associated elements with the highest lithium value of - 2859ppm - in a micaceous, mixed mafic-pegmatite sample from very close to the granite- greenstone contact. Results: The UF soil and rock chip assays has identified high-priority geochemical anomalies located close to a granite - mixed granite/greenstone contact, which supports further exploration for lithium-bearing pegmatites in a target zone over ~6km of strike. Announcement • Jan 19
Cullen Resources Limited Announces Ultrafine (UF) Soil Sampling Outlines New Targets, At Yornup, Southwest W.A Cullen Resources Limited announced Ultrafine (UF) Soil Sampling Outlines New Targets, At Yornup, Southwest W.A. UF assays have been received for soil sampling completed at Yornup, south west W.A. (E70/5405) targeting, ultramafic bodies for Julimar-type, Ni-Cu-PGE sulphides. The assays have identified a high-priority geochemical target, Sunnyside that may indicate the presence of sulphide mineralisation associated with mafic-ultramafic lithologies. Also at Sunnyside, soil assays show a coincident Nb-Sn-Ta-W-Ti anomaly and a Li-Cs anomaly (open to the east) - the spatial relationship of Li-Cs and rare metals may indicate zonation within a larger system. Further soil /laterite sampling and ground EM and/or drone magnetic surveying are planned to refine targeting. YORNUP, South West Terrane, W.A., E70/5405 (Cullen 100%) - targeting Ni-Cu-PGE sulphide mineralisation. Results: The UF soil results have identified a high-priority geochemical target, Sunnyside located west and southwest of the T-3 Cr prospect that was identified by West Coast Holdings Ltd. (WAMEX report A18173) based on roadside vacuum drilling. The Sunnyside multi-element geochemical anomaly trends for about 1km southwest and comprises an association of Cr-Bi-Fe-Mo-Te-Cd-As-Sb-(Mn-Co-Ni-Pt-Ge-Au) that may indicate the presence of sulphide mineralisation associated with mafic-ultramafic lithologies. The width of the anomaly is approximately 250m along the northern E-W Traverse (5) and 100m along the southern E-W Traverse (4) remaining open to the west. Sunnyside is located along strike of an interpreted ultramafic unit based on historical aeromagnetic interpretation and field studies (WAMEX report A58087). Also at Sunnyside, UF soils show a coincident Nb-Sn-Ta-W-Ti-(Zr-Li-Cs) anomaly along the northern Traverse 5 and a Li-Cs anomaly at the eastern end of the southern Traverse 4 (open to the east). The spatial relationship of Li-Cs and rare metals may indicate zonation within a larger system. At the Yornup Northeast target, sampling was confined to the eastern roadside but a field inspection on adjoining paddocks to the east of historical Cr prospect T-5, showed variably weathered mafic and ultramafics sub- and outcrop. Further to the south, at the historical Cr prospect T-7, UF soils show elevated PGE and Ni concentrations. Further work planned: High Priority Ni-PGE target Sunnyside Prospect and Sn-Ta-W-Nb and Cs-Li anomalies Where UF soils are overlying sandplain at Sunnyside, extraction of laterite gravel is recommended for select samples to enable direct comparison with regional laterite data sets with respect to magmatic Ni-PGE-(Cu) mineralisation and pegmatite Sn-Ta-W-Nb and LCT mineralisation. In-fill UF soil sampling (at 50m spacing along traverses 200-400m apart is recommended), and high resolution drone mag survey could assist with the interpretation of the geochemical data in relation to the complex structural setting of mafic-ultramafic and felsic units. Follow-up ground EM may be recommended on refined targets. Board Change • Nov 18
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. MD & Director Chris Ringrose was the last director to join the board, commencing their role in 2003. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. MD & Director Chris Ringrose was the last director to join the board, commencing their role in 2003. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 01
Full year earnings released - AU$0.004 loss per share Over the last 12 months the company has reported total losses of AU$773.7k, with losses narrowing by 28% from the prior year. 
