Xantippe Resources announced the completion of its maiden drill programme at the Blanche Lithium Prospect in the Southern Cross project. A total of eight holes were drilled for 1,878m over the past month with pegmatite intercepted in all drill holes. The maiden drilling has confirmed thick pegmatite(s) continuing over 500m of strike length on Xantippe's wholly owned tenement E77/2609, which lies about 30km south of the town of Marvel Loch and 40km north-west of Covalent Lithium's Mt Holland Project.

The results are highly encouraging and highlight the potential for this area to host lithium bearing pegmatites of significant size. Laboratory assays from the first four holes are expected to be returned by the end of the week, while work is being undertaken on site to collect samples from the remaining four holes (SXRC0021-24) and deliver to the lab for the same analysis. Interpretation work has already begun based on the geological observations from the drilling and are presented as sections.

These interpretations are preliminary in nature and subject to change, with the logging of the final four holes still to be finalised.