“Reservation Notification” application for Lithium Exploration...

“Reservation Notification” application for Lithium Exploration in Finland

Highlights 
Cullen Resource Limited (“Cullen” or the “Company”) has lodged a Reservation Notification application of ~440km2 in the Central Ostrobothnia lithium province of Finland in the name of its Finnish subsidiary company – Cullen Finland Oy.
 This Reservation Notification application, if approved, would 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).
 Cullen’s Reservation Notification application area surrounds known spodumene-bearing pegmatites with defined resources, owned by Finnish Company Keliber Oy (www.keliber.fi)

 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, shown in Figure 1 below, 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 application area. *(Timo Ahtola (ed.), Janne Kuusela, Asko Kapyaho and Olavi Kontoniemi,Geological Survey of Finland, Report of Investigation, 220, 2015:
“Overview of lithium pegmatite exploration in the Kaustinen area in 2003- 2012”).
Note - “till” = unsorted glacial sediment Cullen Resources Limited Finland Li - 4 May 2016 2

 Cullen will now proceed to investigate the Reservation Notification application area more fully in the coming months of the northern hemisphere summer.
This will identify and prioritise areas for further exploration under Exploration Permits.

Cullen notes that a Reservation Notification application generally takes 2 – 4 weeks to approve, but may be longer, and an Exploration Permit normally takes about six months for approval.

 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.

Finland is known for the depth and quality of its publically available geological databases which will assist Cullen in this regard. .
, showing till assays of lithium – up to 1160 ppm (area of anomalies measures ~ 50 x 20 km) with Cullen’s Reservation Notification application area shown in blue outline which takes into account geology, existing tenure, cultural features and areas of restricted access (Natura 2000).

The glacial flow direction at Kaustinen is from NW to SE about 150- 160º.

Cullen’s Managing Director Chris Ringrose commented: “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 in what is generally regarded as a very attractive jurisdiction for exploration and mining.”