Latitude 66 Limited

The Perapohja Schist Belt (“PSB”) is a Paleoproterozoic rift-related basin in northern Finland, which is a direct analogue to Latitude 66 Limited's flagship project, the Kuusamo Schist Belt Project. The PSB Project has extensive #gold, #copper and #cobalt mineralisation identified through historical #exploration work by the Geological Survey of Finland. #LAT holds a dominant land position of 412km² in the eastern basin of the PSB region. A total of 23 exploration prospects have been defined and will be subject to an internal ranking exercise and results from the latest boulder sampling program have further enhanced the prospectivity of the region, where Lat66 believes further extensions of the mineralisation trends may occur, opening a new gold-copper system in northern Finland. View the latest updates: https://loom.ly/y_8wdHs #Latitude66 #ASX

Latitude 66 Limited is a Finnish and Australian based company, focusing on the #exploration and development of #gold and #critical minerals. The Company’s primary focus lies in the Kuusamo Schist Belt Project (KSB Project) situated in Northern Finland. This flagship project boasts a substantial high-grade gold-cobalt mineral resource, with over 85% categorised as Indicated, totalling 7.3Mt at 2.7g/t Au for 650,000oz and 0.08% Co for 5,840t. See #LAT's latest updates: https://loom.ly/y_8wdHs #LAT #ASX

via @mining-com-au Latitude 66 Limited has completed the sale of the Sylvania Project to Australian gold producer Capricorn Metals (ASX:CMM). The Sylvania Project, which covers 1,740km2, is located in the Pilbara region of Western Australia and is immediately to the west of Capricorn’s Karlawinda Gold Mine. Under the binding sale agreement, announced on 9 December 2024, Latitude 66 received $1.5 million worth of Capricorn Metals’ shares. The company will also receive $750,000 upon a mineral resource estimate being defined that is greater than 200,000 ounces of gold, as well as an additional $750,000 once Capricorn decided to begin commercial mining operations at the project. Capricorn Metals will also grant Latitude 66 a 1% net smelter return royalty in respect of the sale of all precious metals and a 1.5% NSR royalty in respect of the sale of non-precious metals extracted from the project. READ the Article: https://loom.ly/cgcP_6g #LAT #Latitude66 #Gold

#ASXNews Latitude 66 Limited is pleased to advise that the Sylvania Project sale transaction with Capricorn Metals (CMM) has now been completed. The Sylvania Project is located in the Pilbara Region of Western Australia immediately to the west (approximately 60km) of CMM’s Karlawinda #gold mine. As per ASX Release on 9 December 2024, the Binding Sale Agreement includes Consideration and Net Smelter Royalty components, as outlined in the announcement Pursuant to these terms, CMM has now issued 228,391 fully paid ordinary shares to Lat66 under Consideration (a) and granted the Net Smelter Royalties for both precious and non-precious minerals. Latitude 66’s Managing Director, Grant Coyle, commented: “Lat66 is pleased to have completed the sale of the Sylvania Project to Capricorn Metals. The sale realises latent value for shareholders from a non-core Australian asset and boosts funding for Latitude 66’s future exploration and development activities in Northern Finland. “As we advance our Finnish Projects towards development, we will continue to pursue opportunities to realise further value from our remaining Australian assets.” VIEW the Announcement: https://loom.ly/f8uLNNQ #LAT #Latitude66 #Gold #Mining

#ASXNews Multi-Phase Exploration Highlights Potential Scale and Prospectivity of the KSB Project Latitude 66 Limited is pleased to provide an update on #exploration activities within its flagship KSB project in northern Finland. Final assays have now been received from diamond #drilling completed at the K8, K10 and K12 prospects. A downhole electromagnetic survey (“DHEM”) was also completed at K8, with conductive anomalies generated both east and west of defined mineralisation. These anomalies have defined a broad east-west trend that extends for several kilometres. • Exploration activities continued at the KSB project with drilling and boulder sampling highlighting scale and prospectivity. • Final results returned from the KSB South diamond drilling campaign including K8, K10 and K12. • Mineralisation at the K8 Prospect extended along strike. o 3.1m @ 6.1g/t Au & 0.06% Co from 41.8m (L66K8DD011) o 3.2m @ 1.3g/t Au from 25m (L66K8DD015) o 1.0 m @ 0.99 g/t Au from 59.3 m (L66K8DD008) o Downhole electromagnetic survey highlights additional extension potential. o Mineralised trend open to the east and west, coincident with magnetic anomalies. • Elevated #gold, #copper and #cobalt values from the K10 and K12 prospects. • Historic exploration data identifies 1km long boulder anomaly at K6E with previous results including: o 490.0 g/t Au & 0.07% Co (OUT20020) o 53.7 g/t Au & 0.05% Co (OUT20049) o 32.0 g/t Au & 0.09% Co (OUT20018) • Results from recently completed boulder sampling confirm the potential at K6W, returning significant gold-copper-cobalt assays: o 8.8g/t Au & 0.6% Cu (24TK0001) o 3.7g/t Au & 0.04% Cu (24TK0002) o 2.2g/t Au & 0.1% Cu (24TK0003) • Follow up drill campaign to be developed on the back of the excellent exploration results from K6 and pending results from the structural geological review #LAT Managing Director, Grant Coyle, commented: “Results from Lat66’s recent multi-phased exploration activities, including drilling, boulder sampling and downhole EM surveys, across a number of Prospect areas highlight the potential prospectivity to expand the existing mineral resource base within the broader KSB Project. “The exceptional results from the K6 Prospect will enable us to develop a further drill campaign in the K North area which importantly is in close proximity to the established resource at the KSB Project. The K6 drilling will add to the planned drilling at K1 on the back of the structural geological review results which are expected in the coming weeks. “Lat66 is committed to advancing the KSB Project towards development with the Scoping Study now underway planned for completion in Q1 next year. We look forward to releasing the Scoping Study results and continuing follow up exploration activities to unlock the full potential of the Project.” See the full announcement: https://loom.ly/SgGsCIo #Latitude66 #ASX #MiningNews #FinlandMining

Latitude 66 Limited's K1NE Prospect, a down-dip extensional target within the KSB Project in Finland, was drilled in July 2024 by two diamond holes for 263m. Results have now been returned and interpreted together with the preliminary findings from a structural review of the K1 Prospect. Significant intersections include: o 2m @ 4.4 g/t Au & 1.1% Cu from 113.8 m (L66K1DD010), and o 11m @ 0.1% Co & 0.1% Cu from 57m (L66K1DD009) Discover more: https://loom.ly/F-NBixI #ASX #Latitude66 #Gold #Cobalt #FinlandMining #exploration

Latitude 66 Limited recently announced its partnership in an European Union funded research project where the Kuusamo Schist Belt, the location of #LAT’s flagship project, has been identified as one of the key case study #exploration regions for targeted research. The Unified Novel Deep ExploRation for Critical Ore discoVERy (UNDERCOVER) project is a EUR 5 million research project to support the need for increased extraction of raw materials, especially #criticalmineral resources from within the EU. Case studies in Finland (Kuusamo Schist Belt), Portugal (Iberian Pyrite Belt), and Namibia (Kalahari Copper Belt) will serve to develop and integrate the technologies comprising the new exploration strategy and will be coordinated by the Geological Survey of Finland (“GTK”). Learn more: https://loom.ly/gRRySiI #Latitude66 #ASX #FinlandMining #Research

Latitude 66 Limited's on ground field programs have continued through the summer period with activities progressing at K9 and K1NE prospects which have been identified as having potential to add to the existing global Mineral Resource base. High-grade #gold-#cobalt mineralisation results have been returned from the diamond #drilling campaign at the K9 prospect, including: o 2.6m @ 7.5g/t Au & 0.11% Co from 167.95m (L66K9DD014) o 1.0m @ 3.0g/t Au & 0.05% Co from 37.75m (L66K9DD015), and o 2.0m @ 1.8g/t Au & 0.04% Co from 137.25m (L66K9DD013) Discover more: https://loom.ly/F-NBixI #Latitude66 #LAT #ASX #FinlandMining

Latitude 66 Limited has appointed Como Engineers to undertake a Scoping Study for the KSB Project incorporating the existing defined JORC Mineral Resource of 7.3MT @ 2.7g/t Au for 650,000oz and 0.08% Co for 5,840t. The Scoping Study is currently forecast to be completed in Q1 2025. The study will focus on optimising the existing resources across K1, K2 and K3 for its current optimal size and enable further expansion potential for optionality to support further #exploration success that translates to an increase in the global Mineral Resource base. The Scoping Study findings will assist #LAT to advance permitting and define pathway options for further analysis as the company progresses development studies for the KSB Project and continues to target resource growth through exploration activities across the numerous defined target areas within the wider KSB Project area. Learn more: https://loom.ly/F-NBixI #Latitude66 #ASX #Gold #Cobalt #FinlandMining

via MiningNews.net Finland-focussed explorer Latitude 66 Limited has handballed its non-core multi-commodity Sylvania project in Western Australia's Pilbara region to gold miner Capricorn Metals. Capricorn — described by Latitude as the "logical buyer" for the project given its proximity to the miner's Karlawinda operation — will pay A$1.5 million in shares and grant Latitude a 1% net smelter royalty on all precious metals plus a 1.5% NSR on non-precious metals from Sylvania. Another $1.5 million in deferred payments will also be payable by Capricorn, half upon the definition of a mineral resource of more than 200,000oz of gold and the other half if or when it makes a formal decision to mine. #LAT Managing Director Grant Coyle said the deal will unlock more funding for the company to focus on the development of its Finnish assets — in particular, studies and exploration work at the Kuusamo Schist Belt project, where there exists mineral resources of 7.3 million tonnes at 2.7 grams per tonne gold and 0.08% cobalt for 650,000oz of gold and 5840t of cobalt. Read more: https://loom.ly/pbd4ClY #Latitude66 #LAT #ASX