65 business days, page-103

CULLEN’S STRATEGYIN FINLAND In Finland, Cullen will follow a prospect generator/farm-out business model as practised by the company over the past several years in Australia. This is an appropriate and prudent approach which utilises the excellent public geological databases in Finland and the low tenure costs in the early stages of exploration. Cullen will focus on exploration for lithium, gold, copper and cobalt. Cullen has had significant previous experience prospecting and exploring in Finland and has good contacts with well-regarded geological consulting groups based in Scandinavia to facilitate efficient operations. Cullen's initial work will proceed from a review and compilation of available geological, geophysical, geochemical and previous exploration data to field mapping and sampling, to be undertaken mainly by Finnish consulting geologists. Reservation Notification applications once registered give Cullen the priority, within a four month to two year period from lodgement (actual reservation time period to be determined by Finnish Mining authorities), to make applications for Exploration Permits (required for any ground disturbing exploration programs). The Geological Survey of Finland (GTK) has re-assayed its regional till geochemical samples from the Kaustinen, Central Ostrobothnia area (collected in the 1970's) for lithium*. The resulting distribution of Lithium (Li) in till, in Cullen's opinion suggests good prospectivity for new discoveries of lithium-bearing pegmatites surrounding the known deposits owned by Keliber Oy and within Cullen's Reservation Notification area (“Rita”). Only the Rita reservation has been registered as at 30 June 2016.