The Gulliver Cultus Pacific NL (now Cultus Gold NL) Dossier

180 Cultus Pacific NL (now Cultus Gold NL)

This is an oil and petrol exploration company which, in 1978 - along with E&B, and Uranex - was exploring for uranium in the Billiluna Tanami area of Western Australia (WA) near Halls Creek, E&B acting on behalf of Geomex (1): Halls Creek is a centre of Aboriginal activity and community in the Kimberley region. The project was apparently relinquished within two years (2).

The company also held four uranium prospects on the Yilgarn Shield:

Lake Maitland where an estimated 500 tonnes of U308 in average grading have been located;

Lake Mason deposit, 245km north-west of Leonora, Western Australia, and less than 100km from Yeelirrie;

Lake Raeside, 50km west of Leonora, where 1700 tonnes of uranium oxide have been discovered;

and finally Thatcher Soak,160km north-east of Laverton, Western Australia, where about 6,000 tonnes reserves of uranium ore have been located (3).

It also held the majority interest in Robinson Range,130km north-north-west of Meekatharra, WA, which was administered by Southern Ventures.

All five projects were participated in 70% by Cultus and 30% by Southern Ventures (4).

In Queensland, Southern Ventures and Cultus had a 50/50 uranium JV at the Lyndhurst prospect, in which a major (un-named) European utility was involved, providing finance for the 1983 exploration season. The same utility put up money for exploration of the Tanami Desert prospect, located on the Billaloona Station, in which Cultus has a 25% interest with Southern Ventures and Otter Exploration taking up 50%.

Energy Resources Group of Canada was said to be involved in this particular prospect (4).

In 1985 Cultus Pacific changed its name to Cultus Resources NL. Two years later it acquired a 69.5% interest in Marlin Oil NL and changed its name to Cultus Gold NL after selling off Marlin's petroleum interests (5).

Cultus has extensive mineral interests in Western Australia at Yarn and Edjudina, but its alluvial tin operation in north Queensland, through wholly-owned Stannum Pty Ltd, was put on hold after World Heritage listing had been made of the area (5).

Cultus Gold NL also has 20 exploration projects in the Camarines Norte area of Bicol Province, and on the Visayan Islands, both in the Philippines (5).

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SOURCE: "The Gulliver File - Mines, people and land: a global battleground" by Roger Moody.

Published in 1992 by Minewatch, 218 Liverpool Road, London Nl ILE, UK, and WISE-Glen Aplin, Po Box 87, Glen Aplin Q 4381, Australia.

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All rights reserved. © Minewatch, 1992.

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Page last updated December 26, 1997.

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