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GREEN360 TECHNOLOGIES LIMITED — Investor Presentation 2011
Dec 11, 2011
65020_rns_2011-12-11_67c7d8c6-24b1-415d-8938-cb1a4ce72dd0.pdf
Investor Presentation
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12 December 2011
Investor Presentation - investorium.tv – The Basement, Sydney
Perth Western Australia, Lithex Resources Limited (ASX:LTX) – Further to discussions with the ASX, we hereby re-release a copy of today’s Investor Presentation.
Please note changes to Slides 13, 15 & 19.
We remind shareholders that there will be a live webcast today from The Basement, Sydney from 4:30pm AEST.
To view the live webcast please go to http://www.investorium.tv/livestream.asp
ENDS
For further information please contact the company on +618 9200 5885 or by email:
Rob Mandanici Managing Director
Forward Looking Statement
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
Mr Malcolm Carson has compiled the information in this report from exploration results supplied to Lithex Resources Ltd. Malcolm Carson has sufficient experience that is relevant to the style of mineralisation, the types of deposit under consideration and to the activity that he is undertaking and qualifies as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results (“JORC Code”). Mr Carson is a Member of the AusIMM and a Director of Lithex Resources Ltd. Mr Carson consents to the inclusion in the report the matters based on the information in which it appears.
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Investor Presentation A diversified tin, tantalum, lithium & rare earth mineral company ASX Code: LTX www.lithex.com.au
Important Information
Disclaimer
This presentation does not purport to provide all of the information an interested party may require in order to investigate the affairs of Lithex Resources Limited (Lithex or the Company).
The information provided herein has not been audited nor independently verified, nor has Lithex been able to undertake a full due diligence on the material.
The information herein is provided to recipients on the clear understanding that neither Lithex nor any of its agents or advisers takes any responsibility for the information, data or advice contained or for any omission or for any other information, statement or representation provided to any recipient.
Recipients of this presentation must conduct their own investigation and analysis regarding any information, statement or representation contained or provided to any recipient or its associates by Lithex or any of its agents or advisers.
Each recipient waives any right of action, which it has now in the future against Lithex or any of its officers, advisers or agents in respect of any errors or omissions in or from this presentation, however caused.
Competent Person Statement
Mr Malcolm Carson has compiled the information in this report from exploration results supplied to Lithex Resources Ltd. Malcolm Carson has sufficient experience that is relevant to the style of mineralisation, the types of deposit under consideration and to the activity that he is undertaking and qualifies as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results (“JORC Code”).
Mr Carson is a Member of the AusIMM and a Director of Lithex Resources Ltd. Mr Carson consents to the inclusion in the report the matters based on the information in which it appears.
Forward Looking Statement
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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Investment Highlights
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• Directors and Management are long term believers in the Tin, Tantalum, Lithium & Rare Earth Mineral market
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Operating in historical Tin & Tantalum producing regions of the Pilbara & Gascoyne
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Pilbara Projects located close to: sealed roads, within reasonable distance to Port Hedland, port facilities & other vital infrastructure
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Focus on exploration and adding value for shareholders through strategic business development
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Strong cash position & strategic tenement holding
Market Outlook, Uses & Future
Demand continues to be strong for tin, tantalum, lithium & rare earth metals – driven by consumer demand and increasing research;
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Light weight magnets
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Electric Vehicles
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Wafer thin batteries
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Jet turbines
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Touch screen technology
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Organic applications
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Recent Activity
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3000 Metre RC Drilling Program commenced at Moolyella
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Auger Sampling Program commenced at Moolyella
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Targeting Tin, Tantalum & other rare metal bearing pegmatites
Corporate Information
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Listed on 17 May 2011
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Raised $4.0M in a heavily oversubscribed IPO
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44.08 M Shares on Issue (over 30% still in Escrow)
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14.23 M Unlisted Options @ 20c – 30c
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Top 20 Shareholders own 57%
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Cash as at 30th September 2011 $3.10M
Board & Management of Lithex own 11%
Board & Management
Malcolm Carson – Chairman, Non – Executive Director
Mr Carson has over 35 years’ experience in all aspects of the resources sector ranging from mineral resource exploration to investment banking (project finance, debt and equity funding, royalty finance, corporate finance and treasury), government, mining equipment manufacture and hire, asset acquisition, corporate restructuring and business development. Mr Carson has held various senior exploration and mine management, director and chief executive positions during his career in the mining industry, including in ASX listing companies.
As a project exploration geologist and exploration manager, Mr Carson has been responsible for supervising early exploration which has led to a number of mineral resource discoveries and the development of gold, coal and nickel mines and major discoveries of iron ore and copper yet to be developed.
Mr Carson has direct relevant experience in exploration for tin and tantalum in the Pilbara Mineral Fields and rare earth oxides.
Rob Mandanici – Managing Director
Mr Mandanici has worked in both the Private and Government sector and has extensive knowledge of corporate governance, process and procedure. He was previously a director of Auvex Resources Limited, an Australian based manganese mining company.
Steve Crabbe – Executive Director
Steve Crabbe has held senior positions in mining companies in the maintenance and production areas. He has 34 years experience in the mining and processing of iron ore, titanium minerals, alumina, gold and manganese. Steve was the founder of Auvex Resources Limited and as Managing Director took the company from inception to a producing manganese miner. Steve is a Director of Naracoota Resources Limited, an exploration company with Gold projects. He is the founder and director of a successful mining services company.
Neal Shoobert – Company Secretary
A qualified accountant for over 20 years, Neal Shoobert is an accomplished financial and management consultant possessing extensive experience in corporate compliance. Neal provides company secretarial services for several ASX listed companies.
Lithex Projects
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Moolyella – 23km east of Marble Bar
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Shaw River – 50km south of Marble Bar
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Pilgangoora – 120km south of Port Hedland
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Arthur River – 250km east of Carnarvon
Total area is approximately 780 km[2 ]
History of the Region
• Historical tin & tantalum producing regions - since 1880’s
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Pilbara Projects
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Gascoyne Project
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Exploration Moolyella – Phases 1 & 2
• Objectives Stage 1 (commenced 6th June 2011)
(1) Data compilation and construction of data base (2) Map and sample tailings dumps (3) Classify/prioritize dumps for bulk sampling (4) Map and sample alluvial deep leads (5) Map hard rock deposits, old drill sites (6) Compile data and plan further exploration
- Objectives Stage 2 (commenced 8th August)
(1) Rock chip sampling Pegmatite Gully (2) Soil sampling Eluvial Gully (3) Soil sampling South Ceremonial Dam and Roadside (4) Define RC Drill targets at Pegmatite Gully & Eluvial Gully (5) Define Auger drill targets waste dumps & un-mined deep leads
Exploration Results Sn & Ta - Dump Samples Stage 1
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Random, “non-representative” channel samples results, demonstrated 7 of the larger dumps contain Sn (Tin) equivalent grades ranging from 690ppm to 2,980ppm
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Information has given sufficient confidence to prepare an auger drilling program
Exploration Results Rock Chips & Panned Con Samples Stage 1 Confirmed presence of monazite in concentrates containing anomalous suite of light and heavy rare earth metals, for example:
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Lanthanides including: Cerium (Ce), Dysprosium (Dy), Erbium (Er), Europium (Eu), Gadolinium (Gd), Holmium (Ho), Lanthanum (La), Lutetium (Lu), Neodymium (Nd), Praseodymium (Pr), Samarium (Sm), Terbium (Tb), Thulium (Tm) and Ytterbium (Yb)
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Rare Minerals including: Cesium (Cs), Gallium (Ga), Germanium (Ge), Hafnium (Hf), Lithium (Li), Niobium (Nb), Rubidium (Rb), Strontium (Sr), Tantalum (Ta) and Yttrium (Y)
Exploration Results Rock Chips Stage 2 (interim program)
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207 Rock Chips – Pegmatite Gully near historical diamond drill sites, confirmed anomalous grades of Sn (Tin) and Ta (Tantalum) in pegmatites
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Anomalous values of Li (Lithium) were also identified
Exploration Results Soil Samples Stage 2 (interim program)
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192 Soil Samples – Eluvial Gully, confirmed presence of anomalous Sn (Tin) and Ta (Tantalum)
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Anomalous samples open ended to the east within older granite and clearly shown in geophysical results
Exploration – RC Drilling November/December 2011
Encouraging results from exploration in Pegmatite Gully and Eluvial Gully which show:
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There is potential to identify a number of mineralized pegmatites by drilling sites near to anomalous tin and tantalum rock chips and historical drill results in the “Pegmatite Gully Area”
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The “Eluvial Gully Area” has potential to host a large mineralized deposit indicated from historical data and recently identified anomalous tin and tantalum in soil sample results. Anomalous results are open-ended to the east within a large (12km2) body which shows a consistent geophysical signature
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A 3,000m RC drilling program is underway, comprising ~1,500m in Pegmatite Gully and ~1, 500m in Eluvial Gully
Moolyella – RC Drilling Location
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Exploration – Auger Drilling November/December 2011
Encouraging results from the initial “non representative” sampling of the dumps show:
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An Auger Drilling Program is underway which involves:
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drilling designed to collect “representative” samples and to accurately estimate the average grade of tin, tantalum, rare metals (e.g. REO) and accessory minerals (e.g. garnet) in the dumps and,
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surveying of the dumps to accurately map and calculate to determine volumes
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The program will comprise, ~200 holes with an expected average depth of 5m for 1,000m
Exploration 2012
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Moolyella – during the months January to March, compile and analyse data collected from the 2011 exploration programs and design follow-up programs for implementation in the 2012 field season
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Shaw River, Pilgangoora and Arthur River – complete compilation of data, undertake reconnaissance exploration followed by testing of identified targets and mineralised zones
Corporate Activities
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Lithex is actively seeking to secure more ground in the Pilbara and is also investigating other opportunities that complement the existing portfolio
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Since listing, Lithex has secured an additional lease at Pilgangoora which has lithium pegmatite & tantalum targets as well as increasing its ground holding at Moolyella
Contact Details
Rob Mandanici Managing Director Email: [email protected] Phone: 08 9200 5885 Fax: 08 9486 4586
Steve Crabbe Executive Director Email: [email protected] Phone: 08 9200 5885 Fax: 08 9486 4586
Malcolm Carson Chairman Non – Executive Director Email: [email protected] Phone: 03 9200 5885 Fax: 09 9486 4586
Brendan Borg Exploration Manager Geologist Email: [email protected] Phone: 03 9200 5885 Fax: 09 9486 4586
www.lithex.com.au