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DiscovEx Resources Limited ( (AU:LAT) ) has issued an update.
Latitude 66 Limited has announced the sale of its 17.5% interest in the Greater Duchess Copper Gold Joint Venture to Argonaut Partners Pty Ltd and Neon Space Pty Ltd. This transaction, which includes a cash consideration of A$2 million and potential contingent payments, aligns with Lat66’s strategy to generate non-dilutive funding for advancing its other projects. The sale is conditional on Carnaby Resources Limited not exercising its right of first refusal. The deal is expected to provide immediate financial benefits and support the company’s ongoing projects in Finland and Western Australia.
More about DiscovEx Resources Limited
Latitude 66 Limited, trading as Lat66, operates in the mining industry with a focus on unlocking value from its Australian assets. The company is involved in projects in Finland and Western Australia, and its operations include joint ventures in copper and gold exploration.
Average Trading Volume: 126,131
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$4.29M
For a thorough assessment of LAT stock, go to TipRanks’ Stock Analysis page.