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The latest announcement is out from DiscovEx Resources Limited ( (AU:LAT) ).
Latitude 66 Limited has announced a non-binding term sheet for the sale of its 17.5% interest in the Greater Duchess Joint Venture in Queensland to Argonaut Partners Pty Ltd and Neon Space Pty Ltd. This transaction, which is contingent on Carnaby Resources not exercising its right of first refusal, offers immediate non-dilutive funding and potential further contingent value. Additionally, the company has completed a drilling program at the Edjudina Project in Western Australia and is advancing exploration at the KSB Project in Finland, demonstrating a commitment to disciplined capital management and value realization across its portfolio.
More about DiscovEx Resources Limited
Latitude 66 Limited (ASX:LAT) is a company involved in exploration and development of mineral resources, focusing on projects in Australia and Finland. The company is engaged in unlocking value across its project portfolio, with a particular emphasis on exploration and permitting activities.
Average Trading Volume: 145,241
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$6.62M
For an in-depth examination of LAT stock, go to TipRanks’ Overview page.