Xantippe Resources
Financials:
Primary ticker: ASX:XTC
Stage of development: Exploration
Primary minerals: Lithium
Project to promote: Lithium Brine
Project location: Argentina
Website: www.xantippe.com.au
Cash: AUD$2.1M
Debt: NIL
Major shareholders:
Jemaya P/L – 6.2%
BNP Paribas – 6%
St Barnabas P/L – 4%
OPD Ventures SA – 3%
Perth Select P/L – 2.75%
Management Ownership – 3%
Management Profile
John Featherby – Chairman
John Featherby has extensive experience in the stockbroking and wealth management industry. He joined Hartley Poynton (now EurozHartleys) in 1987, and has had a long career advising private wealth clients and natural resources companies.
What is your rationale for taking part 121 Mining Investment?
Having only recently acquired a highly prospective ground position in Argentina, Xantippe is now seeking to implement its marketing strategy of becoming a major developer on Lithium
What are your key goals for the next 3, 6 and 12 months?
3 Months:
6 Months:
12 Months:
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Establishing an initial presence overseas is always difficult, however through the relationship with major shareholders (Arecco) in both Buenos Aires and Catamarca, the Company is confident of meeting the challenge.
What do you think makes your company such a compelling investment?
As a gold explorer in W Australia, the Company was always under-valued despite a large land-holding in a renowned gold producing region. The opportunity to move into Lithium Brine in the Heart of the South American Lithium triangle give the Company access to a strong and sustaining commodity in the battery metals/emerging energy space. The land position in Catamarca, contiguous to Lake Resources (ASX:LKE, mkt cap A$1.5B) provides an enviable profile.