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DiscovEx Resources Limited ( (AU:LAT) ) has issued an announcement.
Latitude 66 Limited has completed the sale of its 17.5% interest in the Greater Duchess Copper Gold Joint Venture to Carnaby Resources Limited for A$6 million, comprising A$2 million in cash and A$4 million in shares. This transaction has allowed Latitude 66 to repay its loan to Argonaut Partners Pty Ltd, leaving the company debt-free with A$6.4 million in cash and shares, which will be used to advance its exploration and development projects in Australia and Finland.
More about DiscovEx Resources Limited
Latitude 66 Limited (ASX: LAT) operates in the mining industry, focusing on exploration and development of gold and copper assets in Australia and Finland.
Average Trading Volume: 149,190
Technical Sentiment Signal: Sell
Current Market Cap: A$11.44M
For a thorough assessment of LAT stock, go to TipRanks’ Stock Analysis page.