Seeking Alpha

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:
Proactiveinvestors
My blog:
Proactiveinvestors
  • Lithex Resources Director Steps Down 0 comments
    Feb 11, 2013 12:50 AM

    Lithex Resources (ASX: LTX) executive director Steven Crabbe has stepped down from his position with the company.

    The company is pushing ahead with its graphite focus with the commissioning of a survey at its Munglinup Graphite Project in Western Australia.

    The 344 line kilometre Versatile Time-Domain Electromagnetic (VTEM) helicopter borne survey at Munglinup is scheduled for early March 2013.

    It will cover the northern portion of E74/517 and E74/531 in a survey area along strike and between a number of graphite and nickel occurrences located in the projects vicinity.

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

    The Halbert's Main Graphite Deposit, which is not owned by Lithex, is located about 2 kilometres north of the company's Munglinup Central tenement, which exhibits a 3 kilometre strike length of electromagnetic anomaly.

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

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

    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

StockTalks

More »

Latest Comments


Posts by Themes
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.