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Latitude 66 Limited (ASX:LAT)

ALERT: Price-sensitive ASX Announcement for LAT
Current share price for LAT : $0.095 -0.045 (-32.14%)+
Announcement
Release
30 Jan 2026 8:20AM
Price at Release
$0.140
Full Release
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Summary
Latitude 66 Limited's quarterly cash flow report for the period ending 31 December 2025 outlines their financial activities related to mining exploration. In the current quarter, the company reported net cash outflows from operating activities amounting to $1.278 million. The cash inflows from investing activities were $2.602 million, mainly from the disposal of tenements and investments. Financing activities saw a net outflow of $0.768 million due to the repayment of borrowings and lease payments. The company ended the quarter with cash and cash equivalents totaling $1.001 million. Key activities included the full repayment of a $750,000 loan to Argonaut Partners Pty Ltd and the sale of non-core interests, which boosted cash reserves. The company anticipates continuing operations based on planned exploration activities and currently holds unrestricted shares valued at ~$3.5 million, which will support further funding without dilution.
Key Points
  • Net cash used in operating activities: $1.278 million
  • Net cash from investing activities: $2.602 million
  • Net cash used in financing activities: $0.768 million
  • Cash position at end of period: $1.001 million
  • Full repayment of $750,000 loan to Argonaut Partners
  • Proceeds from sale of non-core assets and investments
  • Estimated quarters of funding available: 0.78
  • Future funding through sale of shares and capital raising
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.