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Latitude 66 Limited (ASX:LAT)

ALERT: Price-sensitive ASX Announcement for LAT
Current share price for LAT : $0.089 -0.026 (-22.61%)+
Announcement
Release
13 Jul 2026 8:24AM
Price at Release
$0.115
Full Release
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Summary
Latitude 66 Limited announced significant findings from Fixed Loop Electromagnetic (FLEM) surveys conducted at their KSB and PSB Projects in Finland. The surveys have identified multiple high-priority conductive targets, which suggest potential extensions to known mineral resources and the possibility of new mineralised systems. Key targets include the K1 conductor at KSB, which has shown a significant increase in modelled conductance, and new large-scale conductors at the Reutu Prospect in PSB. These findings underscore the potential for substantial resource expansion beyond the current 7.2 Mt Mineral Resource at KSB that includes 650,000 ounces of gold and 5,840 tonnes of cobalt. Drill-ready targets are set to be tested in the next phase of exploration, reinforcing the geological model and the growth prospects of the projects.
Key Points
  • Fixed Loop Electromagnetic (FLEM) surveys have defined multiple high-priority drill targets at KSB and PSB Projects in Finland.
  • Large-loop FLEM significantly strengthened the K1 conductor, boosting modelled conductance.
  • Continuous conductor identified extending approximately 320m along strike and up to 650m down dip.
  • Historical gold intersections around K1 conductor provide strong evidence for mineralised sulphide target.
  • Potential to expand existing 7.2Mt Resource containing 650,000 oz Au and 5,840t Co at KSB.
  • Large-scale conductor identified at Reutu Prospect in PSB Project, offering a compelling drill target.
  • Multiple drill-ready targets now defined with drilling planned to commence later this quarter.
  • Successful identification of stronger, more extensive conductors supports geological model and resource expansion potential.
  • KSB Project mineralisation associated with sulphide-rich horizons containing high-grade gold and cobalt.
  • FLEM surveys have improved ability to locate conductive sulphide bodies at greater depths.
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.