How Are Permits, Drilling and Listing Milestones Progressing at Almasar (ASX:AMK), Barton Gold (ASX:BGD) and Latitude 66 (ASX:LAT)?

Sonal Goyal

03 November 2026 10:38 PM AEDT

How Are Permits, Drilling and Listing Milestones Progressing at Almasar (ASX:AMK), Barton Gold (ASX:BGD) and Latitude 66 (ASX:LAT)?

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Key Highlights

Almasar completed its ASX listing on 31 August 2026 and reported cash of A$10.2 million.
Barton Gold completed 38,760 metres of Phase 2 drilling at its Tunkillia Gold Project in South Australia.
Latitude 66 received exploration permits covering three deposits at its KSB Project in Finland.
Barton Gold reported cash of $23.2 million and no Debt at quarter end.

Almasar Minerals Limited (ASX:AMK), Barton Gold Holdings Limited (ASX:BGD) and Latitude 66 Limited (ASX:LAT) released quarterly updates on 27 October 2026. The reports cover exploration after a recent ASX listing with work in Saudi Arabia, drilling and resource planning at a South Australian gold project and permit approvals for a high-grade gold-cobalt project in Finland.

Latest Developments

Almasar, which was admitted to the ASX Official List on 31 August 2026, said it holds five granted exploration licences covering about 420 square kilometres prospective for gold and copper. Ground geophysics and soil sampling are targeted for the fourth quarter, followed by auger drilling. The company leased a central Facility in Jeddah and reported cash of A$10.2 million at quarter end.

Barton Gold said it completed 38,760 metres of Phase 2 reverse circulation and diamond drilling at its Tunkillia Gold Project in South Australia, bringing total drilling over the past 12 months to 57,653 metres. New high-grade assays were returned from all open pit areas, including the highest grades to date in the S1 and S2 starter pits. The company expects updated gold resource estimates in the fourth quarter of calendar 2026 and a pre-feasibility study by the end of the first quarter of 2027. Cash was $23.2 million, with no debt.

Latitude 66 said Finland's Mining authority granted exploration permits covering the K1, K2 and K3 deposits at its KSB Project. The project has a mineral resource estimate of 7.3 million tonnes at 2.7g/t gold for 650,000 ounces, plus cobalt. The company completed a 2026 scoping study that evaluates a standalone open-pit operation, and said the permits support the acceleration of development activities.

Sector Context

Gold explorers and developers in the Middle East, Australia and Europe are working through different regulatory frameworks, with permitting, resource conversion and funding determining timelines. Companies with development-stage projects generally focus on studies and approvals, while newly listed explorers concentrate on target testing and early exploration data.

The three companies sit at different points along the path from listing to development. Almasar is recently listed and focused on early exploration, Barton is working on pre-feasibility and resource updates for a gold project with an existing drilling database, and Latitude 66 has moved through a scoping study and now has permits in place for its deposits. Investors reading the updates often look for how each company intends to turn current work into a defined development path.

Risks to Consider

Almasar's exploration is at an early stage, and its licences may not Yield economic deposits. Barton's resource update and pre-feasibility study depend on completing technical work and securing approvals, and high-grade starter pit results may not be representative of the broader deposit. Latitude 66's scoping study is not a feasibility study, and development will require further engineering, financing and permitting.

What to Watch Next

Readers may look for Almasar's geophysics and soil sampling results, Barton's gold and silver resource updates and pre-feasibility progress, and Latitude 66's development decisions following the KSB permit grants.

Final Word

The three updates show companies moving through permitting, drilling and study phases at different speeds. Future quarterly reports and resource or study announcements will show how these projects develop, and readers can consult the filings for further information.

FAQs

Q: When did Almasar list on the ASX?

A: Almasar was admitted to the ASX Official List on 31 August 2026, and it reported cash of A$10.2 million at 30 September 2026.

Q: How much drilling did Barton complete at Tunkillia?

A: Barton completed 38,760 metres of Phase 2 drilling at Tunkillia, bringing its 12-month total to 57,653 metres.

Q: What permits did Latitude 66 receive?

A: Finland's mining authority granted exploration permits covering the K1, K2 and K3 deposits within the KSB Project.

Q: What is the KSB resource estimate?

A: Latitude 66 reported a mineral resource estimate of 7.3 million tonnes at 2.7g/t gold for 650,000 ounces, along with cobalt, with over 85 per cent in the indicated category.

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