Latitude 66 Limited (ASX:LAT)

Latitude 66 Limited is committed to sustainable and responsible exploration practices, aiming to minimise environmental impact while maximising resource discovery. The company operates primarily in the Arctic Circle, targeting high-potential regions that are under-explored and offer significant opportunities for resource development. Latitude 66 Limited's strategic approach combines innovative exploration techniques with a deep understanding of the geological characteristics of Arctic terrains.

The company is dedicated to building strong relationships with local communities and stakeholders, ensuring that its exploration activities contribute positively to the regions in which it operates. With a focus on sustainability and environmental stewardship, Latitude 66 Limited is set to play a key role in the future of Arctic mineral exploration.

DiscovEx Resources (DCX) has completed the acquisition of all shares in Latitude 66 Cobalt Limited (Lat66), creating a diversified precious and battery metals company with assets in Tier 1 mining jurisdictions. DCX's portfolio includes battery and precious metal assets in Australia, notably a 17.5% free-carried interest in Carnaby Resources’ (ASX.CNB) Greater Duchess Project. Lat66's flagship KSB Project boasts a high-grade gold-cobalt mineral resource and significant exploration potential with gold and cobalt mineralisation across a large district-scale area.

Additionally, Lat66 holds advanced gold-cobalt and copper projects in northern Finland, strategically positioned to meet the EU CRMA1 requirements for sourcing 10% of critical minerals locally by 2030. This acquisition leverages the accelerating EU demand for critical minerals and enhances the consolidation and exploration potential of Australian assets. The merger positions the combined entity to capitalize on the growing global demand for critical minerals, bolstering their market presence in both Europe and Australia.