Xantippe has received geophysical results from Conhidro SRL on the high purity lithium brine area of Carachi Pampa in Catamarca, Argentina. Vertical Electrical Sounding (VES) was completed in 33 locations, which represent 100% of the total geophysical program for this area. Results show that this portion of the salar is composed of five main layers, consisting of: a Very Resistive upper layer that has a thickness of 1 metres to 20 metres, two Resistive layers from 20 to 300 metres, and two Very Conductive and Conductive layers from 150 metres to 600 metres; indicating the presence of highly saturated brine at depth.

The company has already started the permitting process to drill down to 500 metres to test both lower layers, which will encompass brine sampling at discrete 10 metre intervals using packers to isolate each layer, core sampling to test drainable porosity of each unit as well as down-hole geophysics to carry electrical logging and gamma ray down the hole. Drilling will be completed in batteries of 3 to 4 wells located approximately 25 metres from each other to carry out pump tests of the confined and unconfined aquifers.