Key Highlights

  • Latitude 66 (ASX:LAT) shares traded at $0.10, down 9.09%, during the 26 October 2026 session.
  • A ~2,500m diamond program started at KSB.
  • The resource is 7.3Mt at 2.7 g/t gold for 650,000oz.

Latitude 66 Ltd (ASX:LAT) shares traded at $0.10, down 9.09%, during the Trading session on 26 October 2026, while the S&P/ASX 200 index (XJO) stood at 8,805.30, up 0.11% or 10.10 points, at 2:06 pm. Separately, the company's latest announcement on file is dated 14 October 2026 and covers the start of drilling at the KSB Gold-Cobalt Project in Finland.

Latitude 66 is advancing the KSB project in northern Finland, and the announcement describes a 2,500 metre diamond program. The release is dated earlier than the session, so the share price movement and the announcement are reported as separate items.

Drilling start (14 October 2026)

Diamond drilling of about 2,500 metres has begun to test resource extension targets next to the K1 gold-cobalt deposit, supported by geological, structural, fixed-loop electromagnetic and historical drilling data.

Project context

KSB holds a resource of 7.3 million tonnes at 2.7 g/t gold for 650,000 ounces and 0.08% cobalt for 5,840 tonnes, about 90% Indicated. A 2026 Scoping Study contemplates open-pit and underground Mining at K1, and the drilling runs alongside the KSB Pre-Feasibility Study.

About Latitude 66

Latitude 66 Limited (ASX:LAT) is developing the KSB Gold-Cobalt Project in northern Finland as its flagship.

Related sector context

Finland is an established mining Jurisdiction in the Nordics, and drilling to extend resources is typically done alongside pre-feasibility work.

The XJO was up 0.11% at 2:06 pm on the day.

Risks to weigh in

Drilling may not extend the resource, the PFS is not complete and shares priced at $0.10 can move sharply in either direction.

Catalysts on watch

Items to follow include drill results and PFS progress.

Closing perspective

Latitude 66 (ASX:LAT) traded 9.09% lower during the 26 October 2026 session, while its latest release, dated 14 October 2026, covered the start of KSB resource extension drilling.