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Latitude 66 Limited (ASX:LAT)

ALERT: Price-sensitive ASX Announcement for LAT
Current share price for LAT : $0.093 -0.082 (-46.86%)+
Announcement
Release
30 Apr 2026 8:18AM
Price at Release
$0.175
Full Release
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Summary
The March 2026 Quarterly Activities Report for Latitude 66 Limited (ASX: LAT) highlights significant developments and progress in both Finland and Western Australia. The company lodged Exploration Permit applications for the KSB Project in Finland, aiming to secure tenure and continue exploration. The KSB Project is a substantial high-grade gold-cobalt development initiative with a Mineral Resource estimate of 7.3 million tonnes at 2.7 g/t gold for 650,000 ounces and 0.08% cobalt for 5,840 tonnes. An updated Scoping Study suggests a highly economic operation with significant future potential. In Western Australia, the Laverton Gold Project's Red Dog and Tin Dog Prospects have shown promising drill results, confirming high-grade gold mineralisation across multiple lodes, supporting ongoing resource growth efforts. Financially, Latitude 66 reported cash reserves of $1.2 million as of March 31, 2026, and continued investment in exploration activities.
Key Points
  • Latitude 66 lodged Exploration Permit applications in Finland for the KSB Project.
  • KSB Project's Mineral Resource is estimated at 7.3Mt at 2.7 g/t Au and 0.08% Co.
  • Scoping Study confirms KSB Project's economic potential with a US$433 million NPV.
  • Laverton Gold Project in Western Australia shows promising high-grade gold results.
  • Financials show $1.2 million cash reserves with ongoing exploration investments.
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.