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GREEN360 TECHNOLOGIES LIMITED — Investor Presentation 2012
Dec 13, 2012
65020_rns_2012-12-13_3513e0e0-35e4-439e-a396-5c796a22ce2c.pdf
Investor Presentation
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Lithex Resources Limited Investor Update ASX Code: LTX A diversified strategic mineral company
www.lithex.com.au
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Disclaimer
This presentation has been prepared by Lithex Resources Limited (“Lithex”). The information contained in this presentation is a professional opinion only and is given in good faith.
Certain information in this document has been derived from third parties and though Lithex has no reason to believe that it is not accurate, reliable or complete, it has not been independently audited or verified by Lithex.
Any forward-looking statements included in this document involve subjective judgement and analysis and are subject to uncertainties, risks and contingencies, many of which are outside the control of, and may be unknown to, Lithex. In particular they refer only to the date of this document they assume the success of Lithex’s strategies, and they are subject to significant regulatory, business, competitive and economic risks and uncertainties. Actual future events may vary materially from those in the forward looking statements. Recipients of this document are cautioned not to place undue reliance on such forward-looking statements.
Lithex makes no representation or warranty as to the accuracy, reliability or completeness of information in this document and does not take responsibility for updating any information or correcting any error or omission which may become apparent after this document has been issued.
To the extent permitted by law, Lithex and its officers, employees, related corporations and agents, disclaim all liability, whether direct, indirect or consequential for any loss or damage arising out of, or in connection with, any use or reliance on this presentation or information.
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
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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Corporate Overview
ASX Code: LTX & LTXOA Shares on issue: 80,350,515 Listed options: 16,885,254 Unlisted options: 15,130,000 Market Cap: ~$4.0m Cash at bank: ~$2.9m[#]
Top 5 Shareholders
| 1 | – Rob Mandanici | 4.39% |
|---|---|---|
| 2 | – RWH Nominees P/L | 3.83% |
| 3 | – King Fame Group Ltd | 3.66% |
| 4 | – Steven Crabbe | 3.60% |
| 5 | – Chen Wen Gan | 3.57% |
The Top 20 own 43% of Lithex
Directors & Senior Management :
Mr. Malcolm Carson Chairman and Non-Executive Director Mr. Rob Mandanici Managing Director Mr. Steven Crabbe Executive Director Mr. Neal Shoobert Company Secretary Mr. Brendan Borg Exploration Manager
*This does not take into account up to 14m shares and up to 20m options that may be issued subject to resolutions 3, 4 & 5 at the Company’s Annual General Meeting to be held on 14 December 2012. 10m Options will also be issued to CPS Securities or Nominees pursuant to the Underwriting Agreement & announcement made to the market on 4 October 2012. #Post the placement and entitlement issue
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Project Overview – WA Projects
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Munglinup Project / Graphite – 100% LTX
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East Pilbara Projects / Tin, Tantalum, Lithium
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& Rare Metals – 90% to 100% LTX
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Arthur River Project / Rare Metals – 100% LTX
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Furniss East Project / Graphite, Base Metals – 100% LTX
Note: Acquisition of the Munglinup & Furniss East projects are subject to shareholder approval at the company’s Annual General Meeting to be held on 14 December 2012.
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Project Overview – SA, NSW & QLD
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Eyre Point Project / Graphite – 100% LTX
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New South Wales & Queensland
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Projects / Graphite – 100% LTX
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Note: Acquisition of the Eyre Point, NSW & QLD projects are subject to shareholder approval at the company’s Annual General Meeting to be held on 14 December 2012.
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Munglinup Project / Graphite
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Initial rock chip sampling of graphitic schist
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returned from 8.6% to 23.1% Total Graphitic Carbon (TGC) from 4 samples
• The Halbert’s Main Graphite Deposit is located 2km north of Lithex’s E74/518 and has a Measured and Indicated Mineral Resource of 1.47MT @ 18.2% Fixed Carbon, enhancing the prospectivity of Lithex’s ground
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Lithex has applied for an additional exploration
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licence to the north of E74/517 (E74/531)
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Munglinup Project / Graphite
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Modelling and analysis of EM data has
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identified a number of strong EM conductors, interpreted to represent graphite rich horizons
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Munglinup Central tenement (E74/518)
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exhibits a 3km strike length of EM anomaly
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Planning to drill EM targets in Q1 2013
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Eyre Point Project / Graphite
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Located 15km to the North of the Uley Graphite Mine
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Covers three prospective areas within 71km[2 ]
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Ground reconnaissance and planning for EM geophysical survey underway
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NSW & QLD Projects / Graphite
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NSW Projects consist of; Plumbago, Big Dipper, Becks Point, Winterbourne & Pappens
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Emu Plains Project in Queensland
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Project areas cover known Graphite occurrences
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Desktop evaluation commenced, field reconnaissance to commence in January 2013
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Ranking of project prospectivity, followed by EM surveys, if warranted
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East Pilbara Projects / Rare Metals
• Moolyella
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Inferred Mineral Resource for Moolyella Tailings of 1.9m tonnes @ 160ppm tin and 20ppm tantalum
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Preliminary metallurgical test work indicates recovery of up to 84.7% for Tin & up to 66.3% for Tantalum
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25 Hole RC drill program completed for a total of 2,581m
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Assays up to 3m @ 1,273ppm tin, 2m @ 128ppm tantalum, 1m @ 9100 ppm molybdenum, 1m @ 1510ppm tungsten, 1m@ 1,040ppm cobalt
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Shaw River
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Airborne Hyperspectral Survey completed to assist in the identification of pegmatites
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Pegmatites in the area are known to host Heavy Rare Earth Elements, tin, tantalum and beryl.
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Australia's first rare earth mine was located on the project and yielded around 2 tonnes of gadolinite (yttrium iron beryllium silicate).
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Analysis of the gadolinite revealed 45.78% Y2O3 & 4.81% other Rare Earth Oxides
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Pilgangoora
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New lithium discovery
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Lithium bearing pegmatites identified in rock chip program assaying up to 5.08% Li2O
Note: Please refer to the announcement made on 1 March 2012 for further information relating to the Inferred Mineral Resource & the announcement made on 27 June 2012 for further information on the drilling assays at the Moolyella Project & refer to the announcement on 8 May 2012 for further information that relates to the Lithium Discovery at Pilgangoora and the announcement on 27 June 2012 for further information on the drill program at Moolyella. For further information on the Shaw River Project please refer to the announcement made by the company on 9 July 2012. The source of the information relating to gadolinite occurrence, analysis & yield is Geoscience Australia.
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Capital Raising & Acquisition of Far North
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Far North acquisition announced 4 October 2012
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Capital Raising of ~$1.69m completed at a premium via:
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Placement at $0.05 to raise ~$349k
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Entitlement Issue at $0.05 to raise ~$1.34m
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One listed Option for every two new shares exercisable at 8 cents
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The Entitlement Issue was managed & fully underwritten by CPS Securities
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Funds will be used towards the advancement of the Graphite Projects, the Company’s ongoing exploration requirements on its current projects and additional working capital
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2012 / 2013 – Activity Outlook
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Q4 2012 – Completion of Far North acquisition
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Q4 2012 – 3D Modeling at Munglinup and refinement of priority drill targets
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Q4 2012 & Q1 2013 – Desktop evaluation & Project ranking of NSW & QLD projects, followed by EM Survey if warranted
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Q1 2013 – Planning to drill EM targets at Munglinup
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Q1 2013 & Q2 2013 – Additional ground activities at Shaw River & Pilgangoora
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Q1 2013 & Q2 2013 – Further ground reconnaissance & potential EM Geophysical Survey at Eyre Point
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Summary
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Well placed to take advantage
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of the strong Graphite sector
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Well funded to progress the
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Company’s suite of strategic mineral projects
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Well staffed to continue to grow
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projects through aggressive & targeted exploration programs
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Contact Details
Please direct queries to:
- Rob Mandanici, Managing Director
Phone: 08 9200 5885
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Email: [email protected]
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Website: www.lithex.com.au