Latitude 66 cushions exploration cash burn with asset sale proceeds

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

Latitude 66 Ltd reported a quarterly cash flow update showing operating cash outflows of A$1.32 million for the March 2026 quarter, driven mainly by exploration, evaluation and corporate costs. These outflows were more than offset by A$1.52 million in net investing inflows, largely from disposals of investments, resulting in a modest increase in quarter-end cash to A$1.18 million.

Over the nine months to 31 March 2026, the explorer recorded A$3.49 million in operating cash burn, funded by A$4.31 million in net investing inflows, including prior disposals of tenements and investments, and limited use of debt, which was fully repaid. The update underscores Latitude 66’s dependence on asset monetisation and disciplined cash management to sustain exploration activity in the absence of production revenues, a key point for investors tracking its liquidity and project pipeline.

More about DiscovEx Resources Limited

Latitude 66 Ltd is a mining exploration entity focused on mineral project development and evaluation. The company operates within the resources sector, directing capital toward exploration activities, tenement management and associated corporate administration, rather than production or downstream processing, and relies on asset sales and investments to support its funding needs.

Average Trading Volume: 404,604

Technical Sentiment Signal: Hold

Current Market Cap: A$31.81M

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