Latitude 66 Bolsters Assets with Finnish Mining Acquisition

DiscovEx Resources Limited (AU:LAT) has released an update.

DiscovEx Resources Limited, now renamed Latitude 66 Limited, has completed the acquisition of Latitude 66 Cobalt Limited, enhancing its mining portfolio with significant gold and cobalt assets in Finland and raising A$4 million through a public offer. The company reported successful drilling results at the K South prospect, indicating a potential high-grade, shallow gold resource, while also holding a 17.5% interest in the Greater Duchess JV, which has shown promising Scoping Study outcomes. Latitude 66’s strengthened position aims to supply critical minerals to Europe’s battery market, complying with EU’s raw material sourcing regulations.

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