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XTC - Xantippe Resources

springhill

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Desert Energy is a company targetting magnetite, gold and copper in the Camel Hills project in the Gascoyne region of WA.
DSN has common directors with Aurora Minerals, these same 2 guys also had a common association with WMC.
Mr Phillip Jackson has 1.1m direct shares + 5m options.
Mr Rob Taylor has 100k indirect shares + 9m options.

DSN have a 51% interest in Camel Hills, with the possibility to increase this to 70%.
Magnetite rock chip samples have returned results of between 38-42%. Initial testwork has determined a 70% Fe product with low impurities was possible.
Target areas for drilling are suspected to be up to 45m thick.
The area is also prospective for Au with rock chip samples of up to 5.2g/t returned.
Announcement released today indicates commencement of drilling at Camel Hill.

There has been some very small volume selling in the last week or so, but that seems to have dried up and market depths seem to indicate an end of selling in the 10-11c range.

MC - $11m
Shares on Issue - 99.7m
12 month high/low - 25c/8.5c
Cash at Hand - $2.7m
Expenses this Quarter - $400k

Holding. Any others out there?
 

springhill

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Re: DSN - Desert Energy

DSN have confirmed the visual presence of magnetite at their Camel Hills prospect.
The eastern sequence of drilling contains relatively shallow seam thickness of up to 35m.
The western sequence looks to report the presence of non-magnetic hematite up to 155m thick, if i am reading the report right.
No grades to report at this point.

http://www.asx.com.au/asxpdf/20101222/pdf/41vs9mlpwgyr7w.pdf
 

System

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On September 4th, 2014, Desert Mines and Metals Limited (DSN) changed its name and ASX code to Peninsula Mines Limited (PSM).
 

System

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On January 31st, 2020, Peninsula Mines Limited (PSM) changed its name and ASX code to Xantippe Resources (XTC).
 

haggis

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They have had some reasonable results from the maiden drilling on the lease near Marvel Loch mill.
Round 2 drilling shortly. Enough cash for two quarters at least
 

haggis

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Some drill highlights from the maiden campaign. The drilling was fairly sparse for the amount of area, and was mainly to test some historical s, and firm up local geological knowledge.
Kula-KGD- have just taken the leases to the east.
A lot of stock on issue, but has an operating toll plant within 10-15kms
Current price 0.0025c
upload_2020-5-22_10-30-2.png
 
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There are murmurings that the boys might have dug a couple of decent holes. Yesterday's Volume pre Trading Halt looked very leaky:shifty: Whether the ensuing news is good or bad, somebody let the cat out of the bag a bit early:muted:

I only hold a few but if it goes to 006 or better i make beer money for the next 12 months ... If it bombs, tap water will be fine:meh:



XTC 22Sep2020.jpg
 
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@barney No......no it won't be fine 🍻
Lol .... Its all right Fergee ..... In keeping with my usual strategy, I bought in cheap on a hunch at 002 .... and managed to get out before all the crapola hit the fan at 003 :oops:

Only had a mini stake in this one but was hoping for a rogue 4 bagger based on my super duper smart early entry:shifty: apparently not lol.

As is often the case with small Specs, the dice can roll either way.

All that aside, I wont be surprised to visit XTC in 6-12 months and find they have dug up some good grades. I'm just getting to the stage of not having too many years to sit and wait for the potential to germinate:coffee: so best to cut the puppy loose.
 
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Lol .... Its all right Fergee ..... In keeping with my usual strategy, I bought in cheap on a hunch at 002 .... and managed to get out before all the crapola hit the fan at 003 :oops:

Only had a mini stake in this one but was hoping for a rogue 4 bagger based on my super duper smart early entry:shifty: apparently not lol.

As is often the case with small Specs, the dice can roll either way.

All that aside, I wont be surprised to visit XTC in 6-12 months and find they have dug up some good grades. I'm just getting to the stage of not having too many years to sit and wait for the potential to germinate:coffee: so best to cut the puppy loose.
Good to hear you got out by the skin of your teeth ... and a little fat to boot mate nice work 👍
 
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