Proactive Investor's  Instablog

Proactive Investor
Send Message
Proactiveinvestors is a leading multimedia news organization, investor portal and events management business with offices in New York, Sydney, Toronto and London. Proactiveinvestors operates five financial websites in four languages providing breaking news, comment and analysis on hundreds of... More
My company:
My blog:
  • Lithex Resources Appoints John Conidi As Non-Executive Director 0 comments
    Jan 1, 2013 5:25 PM

    Lithex Resources (ASX: LTX) has appointed Capitol Health (ASX: CAJ) managing director John Conidi as a non-executive director.

    Conidi is a Certified Practising Accountant and has been leading Capitol Health for five years.

    During that time, he has increased revenue 5 fold, paid dividends and reported record profits.

    Conidi has also executed more than a dozen acquisitions involving both public and private vehicles and is a professional investor specialising in resources.

    Lithex is acquiring 11 graphite tenements in Australia, via the acquisition of Far North Minerals, which owns the rights to 100% of the tenements.

    These include the Munglinup Graphite Project, which is located close to the 1.47 million tonne at 18.2% fixed carbon Halbert's Main Graphite Deposit in Western Australia.

    Lithex has identified several strong conductors interpreted to represent graphite rich horizons at the Munglinup Project from previous electromagnetic geophysical data.

    Importantly, this data will assist the company in the design of the maiden drilling program for the project, which is targeted for the March quarter of 2013.

    Initial rock chip sampling of graphitic schist has previously returned between 8.6% and 23.1% total graphitic carbon from four samples.

    Given the highly prospective nature of the project, Lithex has applied for an additional exploration licence in the Munglinup area.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

Back To Proactive Investor's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.