Xantippe Resources Limited announced that drilling is expected to commence this week on lithium pegmatite targets on Exploration Lease E77/2609, which is 100% owned by the Company. The tenement, which is situated in the southern part of the Southern Cross Project approximately 25km south of Marvel Loch, is believed to host lithium bearing pegmatites which have been inferred from the drilling conducted on the south and west side of the tenement boundaries by Zenith Minerals Limited. Zenith has intercepted lithium bearing pegmatites within 100m of Xantippe's tenement boundary and the pegmatites are interpreted to continue north onto E77/2609 and may continue for several hundred metres.

The large, flat lying pegmatites are approximately 150-250m below surface and will be targeted with reverse circulation (RC) drilling. Xantippe has an approved Programme of Works (PoW) for the drilling and is now preparing to drill and complete the programme in February. The PoW comprises 4 RC holes for a total of 1,080 metres to be drilled.

Due to the proximity of recent drilling on neighbouring leases, Xantippe believes there is a strong likelihood for the lithium bearing pegmatites to continue onto the lease and the initial round of drilling will aim to confirm this. Gravity and magnetic imagery is also being used for the drill location planning and interpretation of the inferred pegmatite. Confirming lithium bearing pegmatites exist within the Xantippe's lease boundaries will pave the way for subsequent drill programmes and additional groundwork to test the full extent of the pegmatite(s) and if additional prospective areas exist within the lease which covers approximately 790 hectares.