Cullen Resources (ASX:CUL) announced financial results for the quarter ended 30 September 2022.

Results included two significant intersections on two traverses ~1km apart of:5m @ 4.58g/t (from 70 -75 m) and 5m at 1.12 g/t Au(from 75 -80m).

Several low-grade gold anomalies in the range of 0.l -0.7 g/t Au (in 5m composite samples) were also intersected mainly at the bedrock interface, across these higher grades.

Broad areas of strain, shearing and quartz veining in mafics were associated with each of these two mineralised positions with the strongest strain zones including quartz flooding +/-trace pyrite in foliation-parallel laminae.

These results strongly indicate potential for gold mineralisation along the ~10km of stratigraphic-structural trends identified within E20/714, where previous drilling has been generally very sparse or too shallow.

Follow-up RC drilling is proposed to commence in November.

A number of Ni-Cu-PGE and VHMS base metal targets have been outlined for air core drilling ?planned to commence in December, following harvesting.

Land owner discussions commenced for further exploration and drilling in the northern part of the Wongan Hills Project area including magnetic anomalies within E70/5414, and the Paynes Shaft to Jackaby prospect areas.

17 rock chip samples of pegmatites from the south-east corner of E77/2688 near Trainers Rocks, where pegmatites have been mapped by the Geological Survey of Western Australia.

Assays show elevated 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 Li2Owas recorded, with6 samples collected in the immediate area averaging 417ppm Li2O.

Follow-up prospecting and soil sampling around these anomalies is planned to commence in November.

Follow-up sampling for gold, (64 samples at ~100x 50mspacing)around previously-reported, gold-in-soil anomalies(7and 15ppbAu(ASX:CUL; 21-10-2021), did not return any other Au or pathfinder assays using the Ultrafine analytical technique.

A consultant geologist/geochemist has reviewed historical data and planned a new geochemical survey targeting lithium, and Ni-Cu-PGE sulphide mineralisation.

Historical data includes anomalous platinum (Pt) and palladium (Pd) levels reported in BLEG stream sediment samples with up to: 0.8 ppb Au, 2.9 ppb Pd and 2.2 Pt ppb near mapped ultramafics, which include: serpentinites, talc schist, pyroxenites and peridotites.

First pass soil sampling to commence in November along available access tracks, in conjunction with landowner consultation.

Cullen Finland Oy, which is owned 70:30 by Capella Minerals Limited (TSXV:CMIL) (?Capella?) and Cullen Resources Limited, has applied for a new Reservation Application for lithium in Finland(?Perho?)-an area of ~50 sq km over the Er?j?rvi Lithium-Cesium-Tantalum (?LCT?) pegmatite field in southern Finland.

On the 3rd October, the Company announced the launch of a 1 for 3,non-renounceableRights Issue to raise up to $1,627,435(before costs) at 1.2cper share. The Rights Issue closes on the 31st October 2022.

Following the announcement the company?s share price rose 3.571%.