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Latitude 66 Limited (ASX:LAT)

ALERT: Price-sensitive ASX Announcement for LAT
Current share price for LAT : $0.087 -0.088 (-50.29%)+
Announcement
Release
30 Apr 2026 8:16AM
Price at Release
$0.175
Full Release
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Summary
Latitude 66 Limited's Quarterly Cashflow Report for the period ending March 31, 2026, indicates a net cash outflow from operating activities amounting to $1.323 million. The company's cash and cash equivalents at the end of the quarter stood at $1.181 million, with no available unused finance facilities. The report highlights that the company has sold unrestricted listed shares valued at approximately $2.2 million after the quarter ended to provide additional non-dilutive funds for its Finnish and Western Australian assets. The available funding is projected to cover less than one quarter, prompting the company to assure it expects to maintain operations and meet business objectives through planned exploration activities funded by working capital. Additionally, the company remains confident in securing future capital through successful capital raisings.
Key Points
  • Net cash outflow from operating activities was $1.323 million.
  • Cash and cash equivalents at quarter-end were $1.181 million.
  • No unused finance facilities were available.
  • Sold unrestricted listed shares valued at ~$2.2 million post-quarter-end.
  • Available funding is projected to cover less than one quarter.
  • Company plans to continue operations with targeted, cost-effective exploration activities.
  • Future funding expected to be secured through capital raisings.
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.