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Lithex Resources Director Steps Down

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.

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