Latitude 66 starts drilling at Finnish gold project

• Latitude 66 has started a 2,500-metre diamond drilling programme at its KSB Gold-Cobalt Project in northern Finland.
• The exploration initiative aims to expand the existing resource base adjacent to the K1 deposit.
• Drilling activities are running in parallel with an ongoing pre-feasibility study to evaluate potential mine life extensions.

Latitude 66 (ASX:LAT) has commenced a 2,500-metre diamond drilling campaign at its flagship KSB Gold-Cobalt Project in northern Finland to test large-scale resource extension targets.

The programme builds on the recently completed 2026 scoping study, which evaluated both open-pit and underground mining options at the K1 gold-cobalt deposit.

Lat66’s Managing Director, Grant Coyle, commented, “With drilling now underway at KSB, we are moving quickly to test what we believe are some of the most compelling resource growth targets identified around the K1 deposit to date.”

The primary target features a continuous conductor modelled over 320m of strike and up to 650m down-dip, where previous drilling returned high-grade intercepts, including 5.6m at 7.3g/t gold.

Following the announcement, the Latitude 66 share price was unchanged at $0.12.

The KSB Gold-Cobalt Project currently holds a global mineral resource of 7.3 million tonnes at 2.7g/t gold for 650,000 ounces of gold and 0.08% cobalt for 5,840 tonnes of cobalt, with approximately 90% in the indicated category.

In addition to its Nordic assets, the company continues to advance its Laverton Gold Project in Western Australia as part of its dual-jurisdiction growth strategy.