GREEN360 TECHNOLOGIES LIMITED — Interim / Quarterly Report 2015

Apr 28, 2015

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ASX ANNOUNCEMENT

29 April 2015

QUARTERLY ACTIVITIES REPORT QUARTER ENDED 31 MARCH 2015

Lithex Resources Limited (“Lithex” or “Company”) ( ASX: LTX ) is pleased to provide its report for the quarter ended 31 March 2015.

HIGHLIGHTS OF THE QUARTER:

CORPORATE INITIATIVES

• The Company, in conjunction with the vendor, Zhenya Holdings Pty Ltd, terminated the Share Sale and Purchase Agreement (SPA) pursuant to which the Company was to acquire the Mpire Media business.

• The repayment of the $1.2 million loan to Livelynk Group Pty Ltd (Livelynk) was renegotiated with repayment on the earlier of:

• 30 June 2015;

• completion of the acquisition of Livelynk by a company whose shares are listed on the Australian Securities Exchange; and

• an event of default occurring.

• The Company received $50,000 of the 50% cost reimbursement, the balance outstanding is $115,000.

CASH BALANCE

• Cash position of $283k at 31 March 2015.

CORPORATE INITIATIVES

On 15 January 2015, the Company announced that, in conjunction with the vendor, Zhenya Holdings Pty Ltd, the SPA pursuant to which the Company was to acquire the Mpire Media business was terminated.

Following the termination of the SPA, the secured loan of $1.2 million between the Company and Livelynk remained in place with a repayment date of 31 March 2015. Interest at the rate of 7% per annum commenced with effect from 1 January 2015.

In addition, Livelynk agreed to pay 50% of the costs incurred in relation to the Mpire Media Transaction. Of this, $50,000 was received on 20 January 2015, with the balance of $115,000 due on 30 June 2015.

Level 1, 330 Churchill Avenue, Subiaco 6008 P.O. Box 2015, Subiaco 6904 Website. www.lithex.com.au email: info@lithex.com.au Tel: 08 9200 5885 ACN: 140 316 463 ASX code: LTX

Lithex Resources Limited (ASX: LTX)

On 19 March 2015, the Company advised that it had reached an agreement with Livelynk to extend the repayment date of the secured loan to the earlier of:

• a) 30 June 2015;

• b) completion of the acquisition of Livelynk by a company whose shares are listed on the Australian Securities Exchange; and

• c) an event of default occurring.

In consideration for the Company agreeing to the variation of the loan agreement, Livelynk agreed to pay a facility extension fee of $5,000 per month from 1 April 2015.

EXPLORATION ACTIVITIES

Moolyella Project (P45/2845, P45/2846, P45/2847)

A field mapping and sampling program was undertaken at the Moolyella Project during the Quarter. Several new pegmatites were mapped and sampled, and several samples were taken of known pegmatites that had previously seen only modest sampling (Figure 1).

A total of 15 new rock chip samples have been collected and logged and are awaiting assay. Many of the samples contained minor amounts of tin and tantalum bearing minerals, which is consistent with previous sampling in the area.

Figure 1: Moolyella Sampling

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Lithex Resources Limited (ASX: LTX)

Schedule of Exploration Tenements as at 31 March 2015

Tenements	Location	Held at End of Quarter	Acquired During the Quarter	Disposed During the Quarter
E70/4212	WA	100%	-	-
P45/2845	WA	90%	-	-
P45/2846	WA	90%	-	-
P45/2847	WA	90%	-	-

Figure 2: Lithex Project Locations

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For further information please contact:

Peter Webse Company Secretary Lithex Resources Limited (08) 9481 3860

Competent Persons Statement

Information in this report relating to exploration results is based on information compiled by Mr Brendan Borg, who is a Member of the Australasian Institute of Mining and Metallurgy, and a consultant to the Company. Mr Borg has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves (JORC Code). Mr Borg consents to the inclusion of the data in the form and context in which it appears.

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.

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Lithex Resources Limited (ASX: LTX)

JORC Code, 2012 Edition – Table 1 report template

(Criteria in this section apply to all succeeding sections.)

Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
Sampling techniques	•	Nature and quality of sampling (eg cut channels, random chips, or specific	•	Rock Chip sampling was undertaken of mapped pegmatites. Sample was taken
		specialised industry standard measurement tools appropriate to the		randomly from within the mapped pegmatite.
		minerals under investigation, such as down hole gamma sondes, or
		handheld XRF instruments, etc). These examples should not be taken as
		limiting the broad meaning of sampling.
	•	Include reference to measures taken to ensure sample representivity and
		the appropriate calibration of any measurement tools or systems used.
	•	Aspects of the determination of mineralisation that are Material to the
		Public Report.
	•	In cases where ‘industry standard’ work has been done this would be
		relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m
		samples from which 3 kg was pulverised to produce a 30 g charge for fire
		assay’). In other cases more explanation may be required, such as where
		there is coarse gold that has inherent sampling problems. Unusual
		commodities or mineralisation types (eg submarine nodules) may warrant
		disclosure of detailed information.
Drilling techniques	•	Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast,	•	Not Applicable – Rock chip sampling
		auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard
		tube, depth of diamond tails, face-sampling bit or other type, whether core
		_is oriented and if so, by what method, etc). _
Drill sample recovery	•	Method of recording and assessing core and chip sample recoveries and	•	Not Applicable – Rock chip sampling
		results assessed.
	•	Measures taken to maximise sample recovery and ensure representative
		nature of the samples.
	•	Whether a relationship exists between sample recovery and grade and
		whether sample bias may have occurred due to preferential loss/gain of
		fine/coarse material.
Logging	•	Whether core and chip samples have been geologically and geotechnically	•	A basic geological log was completed for each sample.
		logged to a level of detail to support appropriate Mineral Resource
		estimation, mining studies and metallurgical studies.
	•	Whether logging is qualitative or quantitative in nature. Core (or costean,
		channel, etc) photography.
	•	The total length andpercentage of the relevant intersections logged.
Sub-sampling techniques	•	If core, whether cut or sawn and whether quarter, half or all core taken.	•	No sub-sampling.
and sample preparation	•	If non-core, whether riffled, tube sampled, rotary split, etc and whether
		sampled wet or dry.
	•	For all sample types, the nature, quality and appropriateness of the sample
		Level 1, 330 Churchill Avenue, Subiaco		6008
		P.O. Box 2015, Subiaco 6904

Website. www.lithex.com.au email: info@lithex.com.au Tel: 08 9200 5885 ACN: 140 316 463 ASX code: LTX

Lithex Resources Limited (ASX: LTX)

Criteria					JORC Code explanation	JORC Code explanation	Commentary	Commentary
						preparation technique.
					•	Quality control procedures adopted for all sub-sampling stages to
						maximise representivity of samples.
					•	Measures taken to ensure that the sampling is representative of the in situ
						material collected, including for instance results for field duplicate/second-
						half sampling.
					•	Whether sample sizes are appropriate to the grain size of the material
						being sampled.
Quality of	assay data			and	•	The nature, quality and appropriateness of the assaying and laboratory	•	Samples have not been assayed as yet.
laboratory tests						procedures used and whether the technique is considered partial or total.
					•	For geophysical tools, spectrometers, handheld XRF instruments, etc, the
						parameters used in determining the analysis including instrument make
						and model, reading times, calibrations factors applied and their derivation,
						etc.
					•	Nature of quality control procedures adopted (eg standards, blanks,
						duplicates, external laboratory checks) and whether acceptable levels of
						accuracy (ie lack of bias) andprecision have been established.
Verification		of	sampling		•	The verification of significant intersections by either independent or	•	Not applicable.
and assaying						alternative company personnel.
					•	The use of twinned holes.
					•	Documentation of primary data, data entry procedures, data verification,
						data storage (physical and electronic) protocols.
					•	Discuss any adjustment to assay data.
Location of data			points		•	Accuracy and quality of surveys used to locate drill holes (collar and down-	•	Sampling points and pegmatites were surveyed using a Trimble Nomad 900G
						hole surveys), trenches, mine workings and other locations used in Mineral		Series GPS with a real time accuracy of 2-5m
						Resource estimation.
					•	Specification of the grid system used.
					•	Quality and adequacy of topographic control.
Data	spacing			and	•	Data spacing for reporting of Exploration Results.	•	Sampling spacing was dictated by pegmatite location. Sample spacing along each
distribution					•	Whether the data spacing and distribution is sufficient to establish the		pegmatite was approximately 100m.
						degree of geological and grade continuity appropriate for the Mineral
						Resource and Ore Reserve estimation procedure(s) and classifications
						applied.
					•	Whether sample compositing has been applied.
Orientation		of	data	in	•	Whether the orientation of sampling achieves unbiased sampling of	•	Sampling restricted to pegmatites.
relation	to		geological			possible structures and the extent to which this is known, considering the
structure						deposit type.
					•	If the relationship between the drilling orientation and the orientation of key
						mineralised structures is considered to have introduced a sampling bias,
						this should be assessed and reported if material.
Sample security					•	The measures taken to ensure sample security.	•	Samples remain in the custody of Lithex.
Audits or reviews					•	The results of any audits or reviews of sampling techniques and data.	•	Not applicable.

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Lithex Resources Limited (ASX: LTX)

Section 2 – Reporting of Exploration Results

Criteria		JORC Code explanation	JORC Code explanation	Commentary	Commentary
Mineral tenement	and land	•	Type, reference name/number, location and ownership including
tenure status			agreements or material issues with third parties such as joint ventures,	•	The Project consists of three granted Prospecting Licences (P45/2845, P45/2846
			partnerships, overriding royalties, native title interests, historical sites,		and P45/2847). All are held 90% by LTX and 10% by Duketon Consolidated Pty
			wilderness or national park and environmental settings.		Ltd.
		•	The security of the tenure held at the time of reporting along with any
			known impediments to obtaining a licence to operate in the area.
Exploration done	by other	•	Acknowledgment and appraisal of exploration by other parties.	•	The Project has seen many phases of exploration and mining for tin resources,
parties					however, none in the immediate vicinity of the area currently being reported on.
Geology		•	Deposit type, geological setting and style of mineralisation.	•	Significant alluvial resources of tin and tantalum have been historically mined at
					the Project. Lithex is seeking significant occurrences of the hard rock (pegmatite)
					source of these occurrences.
Drill hole Information		•	A summary of all information material to the understanding of the	•	Not Applicable –point rock chip sampling.
			exploration results including a tabulation of the following information for all
			Material drill holes:
			o easting and northing of the drill hole collar
			o elevation or RL (Reduced Level – elevation above sea level in metres)
			of the drill hole collar
			o dip and azimuth of the hole
			o down hole length and interception depth
			o hole length.	•	Not Applicable – point sampling
		•	If the exclusion of this information is justified on the basis that the
			information is not Material and this exclusion does not detract from the
			understanding of the report, the Competent Person should clearly explain
			why this is the case.
Data aggregation	methods	•	In reporting Exploration Results, weighting averaging techniques,	•	Not Applicable – point sampling
			maximum and/or minimum grade truncations (eg cutting of high grades)
			and cut-off grades are usually Material and should be stated.	•	Not Applicable – point sampling
		•	Where aggregate intercepts incorporate short lengths of high grade results
			and longer lengths of low grade results, the procedure used for such
			aggregation should be stated and some typical examples of such aggregations should be shown in detail.	•	Not Applicable – metal equivalents not reported
		•	The assumptions used for any reporting of metal equivalent values should
			be clearly stated.
Relationship	between	•	These relationships are particularly important in the reporting of	•	Not Applicable – no new drilling/point geochemical sampling
mineralisation widths and			Exploration Results.
intercept lengths		•	If the geometry of the mineralisation with respect to the drill hole angle is	•	Not Applicable – no new drilling
			known, its nature should be reported.	•	Not Applicable – no new drilling
		•	If it is not known and only the down hole lengths are reported, there should
			be a clear statement to this effect (eg ‘down hole length, true width not
			_known’). _
Diagrams		•	Appropriate maps and sections (with scales) and tabulations of intercepts	•	Sections are not appropriate for the nature of the sampling being reported. Refer to
			should be included for any significant discovery being reported. These		main announcement for map of sample locations.
			should include, but not be limited to aplan view of drill hole collar locations

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Lithex Resources Limited (ASX: LTX)

Criteria		JORC Code explanation	JORC Code explanation	Commentary	Commentary
			and appropriate sectional views.
Balanced reporting		•	Where comprehensive reporting of all Exploration Results is not	•	No assays available as yet.
			practicable, representative reporting of both low and high grades and/or
			widths should be practiced to avoid misleading reporting of Exploration
			Results.
Other	substantive	•	Other exploration data, if meaningful and material, should be reported	•	Refer to previous announcements by Lithex.
exploration data			including (but not limited to): geological observations; geophysical survey
			results; geochemical survey results; bulk samples – size and method of
			treatment; metallurgical test results; bulk density, groundwater,
			geotechnical and rock characteristics; potential deleterious or
			contaminating substances.
Further work		•	The nature and scale of planned further work (eg tests for lateral	•	Not yet determined.
			extensions or depth extensions or large-scale step-out drilling).	•	Not yet determined.
		•	Diagrams clearly highlighting the areas of possible extensions, including
			the main geological interpretations and future drilling areas, provided this
			information is not commercially sensitive.

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