Latitude 66 LimitedL
Latitude 66 Limited (ASX: LAT) explores the KSB Gold-Cobalt Project in the Kuusamo Schist Belt, northern Finland, and the Laverton Gold Project in Western Australia. KSB is the company's most-advanced asset: a JORC Mineral Resource Estimate (completed March 2025) of Indicated 5.9Mt @ 2.9g/t Au (554,000oz) plus Inferred 1.4Mt @ 2.0g/t Au (93,000oz) -- 650,000oz Au total plus 5,840t contained cobalt (0.08% Co) as a by-product. A Scoping Study built on this resource reported post-tax NPV US$485M and IRR 85%, confirming a standalone 7.5-year gold-cobalt operation averaging 65,000oz Au and 475t cobalt-in-concentrate per year. Laverton (WA) remains pre-resource, with a maiden resource estimate targeted for Q3 2026. Latitude 66's separate Piastri project (WA) was sold to Capricorn Metals Ltd (ASX: CMM), with the acquisition completing 24 Aug 2026, so Piastri is no longer a Latitude 66 asset.
Notable vs. Peers
- Financials score of 3/10 is weaker than the peer average of 5.3/10.
Lifecycle Milestones
Not in place: mill. Not yet determined: tailings facility, road access, grid power.
Jurisdiction (40%)9/10
Kuusamo Schist Belt (KSB), northern Finland -- the project location sets jurisdiction, not the ASX listing exchange. Finland Tier-1 convention.
Infrastructure (40%)3.6/10
No confirmed mill at Kuusamo Schist Belt (KSB) Gold-Cobalt Project, Northern Finland; road access, grid power, and tailings facility not yet researched, counted at a neutral 5/10 until established.
Nearby producing mine (20%)Not yet researched
No project coordinates on file yet, so distance to a producing mine can't be measured.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score: Not yet researched
Distance not yet researched: no project coordinates on file
Distance can't be measured without coordinates, so excluded rather than counted as far.
Weight 22.5% - Lifecycle stageSub-score:6/10
Stage: Preliminary Economic Assessment
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 57% here - JurisdictionSub-score:9/10
Finland: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 26% here - CommoditySub-score:10/10
Primary commodity: Gold
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 17% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
EV/NPV of 0.03x sits in the 7th percentile among 42 pea-stage gold peers ranked on EV/NPV, despite a jurisdiction score of 9/10 -- high enough that jurisdiction risk alone doesn't obviously explain the discount. Not explained by this mechanical screen: either a mispricing, or a risk the screen can't see (a jurisdiction issue this score doesn't capture, or some other factor entirely) -- a separate, more speculative case with no identified resolution catalyst, not the jurisdiction-risk pattern. See this company's own profile page for any completed, cited research into why it trades at a discount, where that research exists.
No researched, cited finding on file yet for what specifically makes this company cheap vs. its peers. Flagged by the mechanical screen above; a real research pass hasn't reached this company yet.
A relative screen, not a probability and not a reason to buy. This flags companies trading unusually cheap on EV/NPV (market cap plus debt minus cash, per dollar of attributable study NPV) vs. peers of the same lifecycle stage and commodity, for a real, identifiable reason (a jurisdiction risk, a specific dispute, an incident, a financing gap) that may or may not ever resolve favorably. "Unexplained" candidates carry no identified driver at all -- a more speculative bucket than a named catalyst. The year chip is the study behind the NPV; amber means it is more than 5 years old (still the study on file, so it stays in this screen).
Your Rankings
Management Team
Non-Executive Chairman of Latitude 66 Limited. Various CEO/Director roles in mineral processing, mining and exploration, funds management, and sustainability consultancy. Former CEO of Afarak Group Oyj (LSE-listed), operating mines and smelters in Europe and Africa. 2016 Finnish National Award winner for Cultural Heritage.
Chief Executive and Managing Director of Latitude 66 Limited. Resource executive with over 15 years' experience in senior commercial roles, including Rio Tinto, with extensive experience in financial operations and commercial assessment of development and exploration projects. Previously CFO at an ASX-listed mining company.
Executive Director and Technical Director of Latitude 66 Limited. Geologist with 23 years of global multi-commodity experience across the complete mining cycle. Previous roles include Exploration Manager for Mont Royal Resources and senior exploration/development roles at Boliden Minerals and Doray Minerals.
Seasoned minerals resource industry executive with experience across precious and base metals projects globally; played key roles in discovering the Kabanga North nickel deposit, Cairn Hill magnetite-copper deposit and Boseto Copper deposit. 11 years at BHP managing exploration teams. Since 2003 has developed junior mining companies as Managing Director of five ASX-listed firms.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
No smart-money tracking (institutional/large-investor activity) for this miner yet — this is a planned feature, not live data.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Latitude 66 owns 100% of the KSB gold-cobalt project in the Kuusamo schist belt of northern Finland through its Finnish subsidiary Latitude Cobalt Oy. Its JORC resource is 554,000 oz of gold indicated in 5.9 Mt at 2.9 g/t, with no measured category, plus 93,000 oz inferred in 1.4 Mt at 2.0 g/t, with cobalt as a by-product. A scoping study released on 10 September 2026 gives a post-tax NPV of US$485M, an initial capital cost of US$130M and an all-in sustaining cost of US$1,283/oz of gold at a base-case gold price of US$3,500/oz. The company also holds the Laverton gold project in Western Australia, which has no resource yet, and its Piastri project was sold to Capricorn Metals in a deal completed on 24 August 2026.