Lithic Resources Ltd. is a junior mining exploration company based in Vancouver, Canada which trades on the TSX Venture Exchange under the symbol LTH. We hold a 100% interest in the advanced stage Crypto zinc-copper-indium project in Utah.

In late 2009, Mine Development Associates completed an updated resource estimate which substantially increased the size of the Crypto deposit, confirmed the presence of significant levels of associated copper and established Crypto as perhaps the most important potential resource of indium in the continental USA. Preliminary metallurgical testwork has shown good recoveries to separate zinc (indium) and copper (gold-silver) concentrates using standard flotation processing.

Recently, a Preliminary Economic Assessment (PEA) of the Crypto project was completed by an independent team of highly experienced engineers. The results indicate that the most likely development scenario at Crypto would be that of a completely conventional underground mine and mill complex. Although the project has not yet reached the economic threshold, a significant proportion of the minimum grade and tonnage required has already been defined. Since the deposit is open in several directions, there is good potential to expand existing resources and very good potential for the discovery of new zones beyond these extensions. A  US$3.6 million program of continued drilling is recommended in their report.