GREEN360 TECHNOLOGIES LIMITED — Interim / Quarterly Report 2013

Oct 30, 2013

31 October 2013

ASX ANNOUNCEMENT

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QUARTERLY ACTIVITIES REPORT SEPTEMBER QUARTER 2013

During the September Quarter, Lithex Resources Limited (ASX: LTX or “Lithex”) continued exploration on the tenements it acquired from Far North Minerals Pty Ltd in December last year. Of these projects, the Munglinup Project in far south Western Australia was identified as the initial priority focus for exploration for graphite, and as such, was the site of most activity during the September Quarter.

HIGHLIGHTS OF THE QUARTER:

• Nickel and copper prospectivity identified in addition to graphite from drilling at Munglinup.

• EM data interpretation identifies new high priority nickel sulphide and graphite targets.

• Planning underway for sampling and drilling programs to test these new targets.

• New VTEM survey scheduled for December 2013.

• Project expanded through new exploration licence applications.

• Rationalisation of tenements and reduction of costs continued.

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Level 28, AMP Tower, 140 St Georges Terrace, PERTH WA 6000 P.O. Box 7044, CLOISTERS SQUARE PO, WA 6850 Website. www.lithex.com.au email: info@lithex.com.au Tel: 08 9288 4408 ACN: 140 316 463 ASX code: LTX

Lithex Resources Limited (ASX: LTX)

Figure 1: Lithex Project Locations

Exploration Activities

The Munglinup Project

Tenements

The Munglinup Project is located in far south Western Australia, approximately 100km west of the town of Esperance. The Project is located along strike, and is contiguous with the eastern and southern sides of the Halbert’s Main Munglinup Graphite Deposit (1.47Mt at 18.2% fixed carbon), which is held by Graphite Australia Pty Ltd. (See location in figure 2) Recent work by Lithex at Munglinup has increased the prospectivity of the Lithex Project area to host nickel sulphide deposits.

The Greater Munglinup Project covers a total area of 579 km[2] over seven tenements – four of which are granted Exploration Licences and three are licences under application with the Western Australia Department of Mines and Petroleum. Two of these licence applications were made during the Quarter (E74/544 and E74/545). These two ELA areas are prospective for nickel sulphides and gold mineralisation.

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Lithex Resources Limited (ASX: LTX)

Figure 2: Munglinup Project, including new tenement applications

Munglinup Central Assays

Final assays were received for the second set of samples taken from the four hole diamond drill program conducted at the Munglinup Central tenement, (E74/518) (Table 1) during the previous Quarter. The drilling program targeted a large SkyTEM geophysical anomaly interpreted to possibly represent graphite mineralisation on the Munglinup Central tenement. In addition to high grade graphite intersected in MCDD004 (up to 1.9m @ 34.9% Total Graphitic Carbon - (ASX announcement 5 July, 2013)), zones of anomalous copper, nickel and PGEs (platinum group elements) were confirmed by laboratory analysis (see Table 2).

Drillhole	MGA East - Zone 51 (m)	MGA North - Zone 51 (m)	Planned Dip (deg)	Planned Azimuth (deg)	Precollar Depth (m)	Final Depth
MCDD001	301701.5	6270117	-90	0	17.6	78.7
MCDD002	301731.1	6270039	-45	255	15.4	107.5
MCDD003	301781.3	6269909	-45	255	45.4	140
MCDD004	301826.9	6269793	-45	255	36.1	141.5

Table 1: Munglinup Central drill hole collar details

Drillhole	**From(m) **	**To(m) **	Interval(m)	**Ni(ppm) **	**Cu(ppm) **	**Co(ppm) **	Pt + Pd(ppb)	Comment
MCDD001	19.3	21.5	2.2	200	250	200	36
MCDD001	22.7	23.3	0.6	100	225	100	53
MCDD001	25	26	1	300	200	20	11
MCDD001	27	28	1	300	200	20	8
MCDD001	44	50.3	6.3	1055	683	476	5	5251ppm Zinc
MCDD001	55.7	56.2	0.5	350	300	220	4
MCDD001	58.2	58.7	0.5	150	700	140	13
MCDD001	66	70	4	163	288	125	40
MCDD001	78	78.6	0.6	300	500	140	8
MCDD002	40	41	1	300	200	<20	17
MCDD002	73	74	1	150	500	60	24
MCDD002	79	84.2	5.2	323	100	120	7
MCDD002	84.7	85.7	1	150	400	70	45
MCDD002	88.6	91.5	2.9	553	51	210	13
MCDD002	101	102	1	100	500	40	23
MCDD003 including	45.4 49	51.3 50	5.9 1	105 100	1300 6100	92 60	37 51
MCDD004	37	38	1	150	250	40	46
MCDD004	40	41	1	200	400	40	35
MCDD004	41.3	43	1.7	200	500	101	24
MCDD004 including	43 44	46 46	3 2	267 325	333 400	113 160	42 45
MCDD004	50.4	51.1	0.7	200	100	40	55
MCDD004	53	54	1	400	1200	120	31
MCDD004	55	56	1	400	150	80	39
MCDD004	57	57.9	0.9	500	150	100	35
MCDD004 including and and	60 73 77 80	83 74 78 81	23 1 1 1	180 200 300 350	246 500 500 250	59 40 80 100	40 44 49 56
MCDD004	85	89	4	538	138	150	31
MCDD004	138.5	139.5	1	100	200	60	37

Intercepts Reported for Ni ≥ 300 ppm or Cu ≥ 500 ppm or Pt+Pd ≥ 30 ppb True thickness of intercepts for MCDD001 are unknown (drilled sub-parrallel to observed bedding) Intercepts for MCDD002, 3 and 4 approximate true thickness (drilled sub-perpendicular to observed bedding)

Table 2: Anomalous Intercepts – Ni-Cu-PGE

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Lithex Resources Limited (ASX: LTX)

Bureau Veritas Laboratory in Perth assayed 144 diamond drill core samples, including QA/QC samples. Samples were taken at nominally 1.0 m intervals, and assayed for a base and precious metal suite. Samples were fused with Sodium Peroxide and dissolved in dilute hydrochloric acid for analysis by ICPOES/MS. Samples for Au, Pt and Pd analysis were prepared by the fire assay process and analysed by ICP-MS. An additional 90 samples, originally analysed for graphite, were also assayed by these methods, as previously announced (ASX Announcement: 29 July, 2013).

Lithex considers these results to be potentially indicative of a nickel sulphide bearing system in the vicinity and, combined with the strong, high priority VTEM targets previously announced, significantly enhances the prospectivity of the broader Munglinup Project. Additionally, whilst not of significance for a nickel sulphide deposit model, the high levels of zinc and manganese, in addition to nickel and copper, in the upper section of MCDD001, are of interest for potential Broken Hill style deposits, at present unknown in this area.

Munglinup Project Geological Review

The Company engaged Dr. Jon Hronsky, of Western Mining Services, to review the nickel sulphide potential of the Munglinup Project, in the context of data gathered to date. Dr. Hronsky has particular expertise in targeting for nickel sulphide deposits, and his work led to the discovery of the West Musgrave nickel sulphide province in Western Australia. Key observations and outcomes of the review were:

• From a nickel exploration perspective, the most significant result from this work is the widespread hydrothermal veining and alteration, with associated low-level Cu-Pt-Pd anomalism, that has been intersected in all four holes drilled on E74/518. Excluding zones of supergene enrichment, maximum values are of the order of 500 ppm Cu and 50 ppb Pt+Pd.

• The Cu-Pd-Pt anomalous veining/alteration is consistent with the distal expression of a nickel sulphide deposit (Figure 2 – Conceptual Model).

• No high-MgO komatiite rocks, which are the primary host for NiS mineralisation, were encountered in these drill holes. However, it is plausible that the intersection of high-MgO basalt, bordering on low-MgO komatiite in MCDD003 might represent the upper part of a sequence that contained such rocks at its base. The anomalously low Ni contents of these rocks may represent the distal signature of a sulphide-saturation event that occurred lower in the sequence.

• On a regional scale, it is clear that the Munglinup region hosts significant strike-lengths of Ni-S prospective ultramafic rocks.

• In summary, it is reasonable to consider the Munglinup region to represent an effectively totally unexplored strike extension to a known nickel sulphide mineralised province.

The Company is highly encouraged by these findings, and the potential for the Munglinup Project to host nickel sulphide deposits along with graphite.

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Lithex Resources Limited (ASX: LTX)

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Figure 3: Conceptual mineralisation model (From Western Mining Services review memo)

Munglinup North EM Survey

In March this year, an airborne VTEM survey was undertaken over tenements E74/517 and E74/531 (see Figure 2) by UTS Geophysics. The VTEM survey covered parts of the Munglinup Project that did not already have any existing EM data. Preliminary results were encouraging, with a number of notable anomalies identified.

Processing of the airborne VTEM survey data and interpretation and target generation has now been completed. Numerous targets for both nickel sulphides and graphite mineralisation were generated from this work. ( Figure 4 ) The results of the recent diamond drilling program at Munglinup Central, where anomalous levels of nickel, copper and platinum group elements have been detected, further enhance the prospectivity of the identified VTEM targets.

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Lithex Resources Limited (ASX: LTX)

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Figure 4: Munglinup North EM Survey Targets by Type

Munglinup Project – Young River Prospect

An application for a new Exploration Licence (E74/538) is pending with the Western Australian Department of Mines and Petroleum.

Importantly, the Exploration Licence under application contains the Young River Graphite Deposit – an area comprising known historical graphite occurrences. The area is also considered prospective for nickel sulphide and vermiculite mineralisation and it hosts a small nickel laterite deposit known as Boanaernup.

A VTEM geophysical survey is planned for late November/early December, 2013.

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Lithex Resources Limited (ASX: LTX)

Furniss East Project

The Furniss East Project, located in southern Western Australia, is currently being investigated by the Company for the potential for graphite and Nova style nickel-copper deposits. Furniss East is located near the margin of the Yilgarn Craton, in the Albany-Fraser mobile belt, and is adjacent to the Rocky Gully nickel copper prospect, recently explored by Heron Resources Limited. (Figure 8)

Planned activities for the coming year include an airborne electromagnetic survey and geochemical sampling, and potentially drill testing if the results of these activities are promising.

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Figure 4: Furniss East Project Location

Other Tenements

No material work was undertaken during the Quarter on any of the other tenements held by the Company.

Tenement Review and Rationalisation

As part of the cost cutting initiative commenced by the Company last Quarter, the Company has undertaken a review and assessment of all tenements held, with the aim of reducing tenement expenditure commitments across the project portfolio balanced against the commercial prospectivity of those tenements. This review has resulted in the relinquishment of several tenements from lower priority projects. (see Appendix 5B – Quarter ending September 30, 2013)

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Lithex Resources Limited (ASX: LTX)

Corporate Activities

The Company’s cash position remains strong, with a balance of $1.449M at 30 September 2013.

The Board has considered a number of potential opportunities during the Quarter but has been keen to maintain an economic focused approach to its exploration activities. A new Corporate web site was established to enable more timely communication of the Company’s activities to interested stakeholders.

The Company’s Annual General Meeting will be held on Friday 15 November 2013. (see separate Notice of Meeting)

For further information please contact:

Neal Shoobert

Neal Shoobert Ron Cameron CFO and Company Secretary Investor Relations Lithex Resources Limited Mercury Consulting neal@lithex.com.au Tara.prowse@mercuryconsulting.com.au (08) 9200 5885 (02) 8265 3308

About Lithex resources Limited:

Lithex Resources Limited is an exploration company now focused on unlocking the resource potential of Australia’s graphite-rich provinces. The Company shifted its focus and strategy in December 2012 when it successfully acquired Far North Minerals Pty Ltd. The transaction expanded the Company’s project portfolio, bringing on-board a tenement package covering 533km[2] of land in Australian regions considered highly prospective for graphite.

The Company is particularly focused on the Munglinup Graphite and Nickel Project in far south Western Australia.

Forward Looking Statements

This report may contain forward looking statements that are subject to risk factors which are based on Lithex Resources’ expectations relating to future events. Forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside the control of Lithex Resources, which could cause actual results to differ materially from such statements. Lithex Resources makes no undertaking to update or revise the forward-looking statements made in this report to reflect events or circumstances after the date of this release.

Competent Persons Statement

Information in this report relating to Exploration Results is based on data compiled by Mr Brendan Borg, who is a Member of the Australasian Institute of Mining and Metallurgy, and who is a full-time employee of the Company. Mr Borg has sufficient relevant experience to qualify as a Competent Person as defined by the 2004 Edition of the Australasian Code for reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Borg consents to the inclusion of the data in the form and context in which it appears.

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