Xantippe Resources Limited advised that drilling for lithium targets on its 100% owned Exploration Lease E77/2609 has intersected thick intervals of pegmatite along with mineralogy indicative of fractionation that is conducive to Lithium mineralization. The Blanche pegmatite, now intersected in two RC drill holes, occupies a distinct magnetic low within the host stratigraphy and is interpreted to represent the northern extension of the system intersected by Black Dragon /Zenith to the south. Several pegmatites in the Western Australian Goldfields sustain profitable mining operations, with Blanche being within close proximity to some of Australia's most significant deposits.

The first hole, SRXC0017 returned pegmatite from 140m to 216m downhole where progress was halted by large groundwater inflows. The next hole, SXRC0018 intersected pegmatite from 120m to 228m downhole. Both pegmatite intervals contain variable amounts of what is interpreted to be lepidolite and eucryptite (as evidenced by response from UV lamp) - two important Li ore minerals.

Importantly, the pegmatite intervals present very similarly to those encountered by Zenith /Black Dragon to the immediate south. SXRC0019 is underway and expected to intersect pegmatite in the coming shift. Significantly, the occurrence of pegmatite so far is constrained to within an obvious zone of low magnetic intensity, interpreted to represent the physical characteristics of the intrusive target rock.

Conformity to this trend in further drilling would make possible the presence of large volumes of pegmatite, which reinforces the projects prospectively. Assay confirmation of grade and tenor of lithium bearing pegmatites within the Xantippe's lease boundaries will pave the way for subsequent drill programmes and additional groundwork to test the regional extent of mineralization and whether additional areas of prospectively exist within the lease, covering some 790 hectares.