Latitude 66 Limited · ASX:LAT
Latitude 66 — Merger or Acquisition (May 2024)
34 slides from Latitude 66's merger presentation, May 2024
Slide 1: Transformational Gold-Cobalt Acquisition
May 2024 Transformational Gold-Cobalt Acquisition
Slide 2: Disclaimer
Disclaimer Disclaimer This presentation has been prepared by DiscovEx Resources Limited ("Company") in connection with providing general and background information on the Company. This presentation should not be relied upon as a representation of any matter that an advisor or potential investor shou
Slide 3: Important Information
Important Information Nature of this document The purpose of this presentation is to provide general information about DiscovEx Resources Limited (ACN 115 768 986) (to be renamed, Latitude 66 Limited (Lat66)) (Company). Unless otherwise stated herein, the information in this presentation is based on
Slide 4: Diversified precious and critical minerals
Gold & Cobalt Targeting Project - Finland Net Zero KSB Project includes an existing high- Supported by Finland’s commitment to grade gold-cobalt mineral resource with 2035 net zero, one of the most Diversified over 85% at Indicated level ambitious targets globally 650,000oz Au (2.7g/t) and Over 90%
Slide 5: Balanced portfolio in Tier 1 jurisdictions
Balanced portfolio in Tier 1 jurisdictions Exposure to Gold and Critical Minerals in two of the best mining jurisdictions KSB Greater Duchess JV • JORC Mineral Resource: KSB Project, • 17.5% free-carried interest • 650koz Au & 5,840t Co1 Finland Office • Copper mineral resources in the Mt Isa Copper
Slide 6: Experienced Board of Directors
Experienced Board of Directors Thomas Hoyer Grant Coyle Toby Wellman Heath Hellewell Prof Steffen Hagemann 6 Proposed Proposed Proposed Non-Executive Proposed Non Non-Executive Chairman Managing Director Technical Director Director Executive Director (Lat66 since 2018) (Lat66 since 2022) (DCX since
Slide 7: Pro Forma Capital Structure
Pro Forma Capital Structure On Completion of On Completion of Proposed Transaction Proposed Transaction Security Existing (Post Consolidation) (Post Consolidation) (Minimum Raising) (Maximum Raising) Existing Shares 3,302,568,098 33,025,681 33,025,681 Consideration Shares - 125,000,000 125,000,000 C
Slide 8: Latitude 66 Cobalt
fe) LATITUDE b COBALT 6! Finland focused Au-Co developer, high-grade resources, belt-scale land position, the team to execute
Slide 9: Lat66's Quality Project Portfolio
Lat66’s Quality Project Portfolio Significant land holding in Northern Finland 4 greenstone belts providing exposure to gold and critical mineral projects KSB Camp scale potential across the KSB Project with an existing high-grade gold and cobalt JORC Mineral Resource1 Short term focus is on testing
Slide 10: Positioned to benefit from EU Critical Raw Material Act
Positioned to benefit from EU Critical Raw Material Act Cobalt has been identified as a Strategic Mineral under the EU’s Critical Raw Material Act In March 2024, the European Union Council gave its final approval for the Critical Raw Material Act1 10 European Critical Raw Materials Act 10% of EU’s m
Slide 11: Finland has the right geology
Finland has the right geology Gold Orogenic gold, IOCG, massive-sulfide hosted gold, paleoplacer mineral systems present Immature and underexplored greenstone belts – Two world-class deposits discovered to date: Kitillä (~6.3Moz Au)2 – Agnico Eagle Mines Limited Ikkari (~4.2Moz Au)3 – Rupert Resourc
Slide 12: KSB Project – poised to grow
KSB Project – poised to grow • K North JORC compliant resources of 650,000oz Au (7.3Mt @ 2.7g/t) and 5,840t Co (@ 0.08%)1 K Camp Progressing towards a material mining centre with multiple resource positions all open at depth and along strike K North N • K South K Multiple well-defined mineralization
Slide 13: K1 extension potential at depth and along strike
K1 extension potential at depth and along strike • NW-striking VTEM, IP, VLFR and ground EM conductor NW Extension • Drilling stops at Mining License boundary. K1 mineralisation open & Western • EL application (Hangaslampi 7-12) has secured ground outside ML boundaries Conductor • Large Coincident I
Slide 14: K1 – excellent grade from surface
K1 – excellent grade from surface • 470m strike-length (open NW and SE) K1 Mineral Resource • Mineralisation from surface to over 450m depth (open down dip/plunge) • Multiple untested EM plates down dip/plunge and along strike from existing mineralisation 14 • Au and Co associated with intense hydro
Slide 15: K South fast route to adding resource inventory
K South fast route to adding resource inventory Recent successes demonstrate the near surface gold and cobalt potential of the camp1 K8 Target K9 TARGET - High Grade Au-Co Potential 13.45m @ 6.25g/t Au & 0.18% Co from 21.1m (L66K9DD008) 13.8m @ 3.56g/t Au & 0.04% Co from 62.7m (L66K9DD008) 50.15m @
Slide 16: PSB Project
PSB Project Regional upside Gold and Copper potential Field reconnaissance (boulder sampling) identified several highly 16 anomalous target areas (1) Refer to Prospectus announced by DCX on 26/4/2024
Slide 17: Unlocking the Potential at KSB
Unlocking the Potential at KSB Extension Drilling Pre-Feasibility Study Maiden Inferred Extension and infill drilling CY 2024 - Qtr 2 & 3 CY 2024 - Qtr 3 Resource (K9) and CY 2024 - Qtr 4 Increase global K12, K13, Resource including K8, K7 K1, K2, K3 K1, K2, K3, Commencement of PFS K1, K2, K3, K6, 1
Slide 18: DCX Australian asset overview
DCX Australian asset overview
Slide 19: QLD – Greater Duchess JV
QLD – Greater Duchess JV • Joint Venture with Carnaby Resources (ASX: CNB). DCX has 17.5% free-carried interest on certain licences until a Decision to Mine • Exploration upside at Lady Fanny North, Lady Vampire, Shamrock • Carnaby Resources is releasing a Scoping Study in Q2 2024 • DCX attributable
Slide 20: WA – Sylvania
WA – Sylvania • Multi-commodity potential • Gold, base metals, iron ore • Historical exploration focused on base metals potential along Prairie Downs Fault • Option with Rio Tinto over Iron Ore prospects 20 • Existing mineral resource defined • Prairie Downs: 2.98Mt @ 4.9% Zn and 1.6% Pb4 • Multiple
Slide 21: WA - Edjudina
WA - Edjudina • Tier 1 location surrounded by multiple historical, existing and future mining operations • Dominant regional land position with over 50km strike of under-explored and prospective greenstone geology • Along strike from Matsa’s Lake Carey Project (ASX:MAT) 21 • Multiple large-scale sur
Slide 22: Key Milestones and Activity
Key Milestones and Activity Lat66 will have a busy period of activity through 2024 following the transaction Q1 Q2 Q3 Q4 K South Drilling Program KSB Extensional drilling at K North and K South Project Prefeasibility Study for KSB Project 22 Greater Release of Scoping Study Duchess JV Prefeasibility
Slide 23: Use of Funds
Use of Funds* Minimum Subscription Maximum Subscription (A$2m) (A$4m) FINLAND Diamond and base of till drilling, surface 1,900,000 2,860,000 geochemistry and detailed geophysics. 23 Studies and approvals. SYLVANIA 400,000 500,000 Soil sampling and AC Drilling EDJUDINA 400,000 500,000 Soil sampling a
Slide 24: Indicative Timetable
Indicative Timetable* Announcement of Transaction 4 April Dispatch of the Notice of Meeting 24 April Bidder’s Statement and Target’s Statement lodged with ASIC 24 April Prospectus lodged with ASIC and Offer Opens 24 April DCX shareholder meeting 24 May 24 Consolidation effective date 24 May Prospect
Slide 25: Why Invest?
Why Invest? Diversified precious and Safe Mining Advancing towards critical minerals company Jurisdictions Development Project portfolio includes six Assets in Australia and Finland, Metallurgical results using development and exploration both safe mining jurisdictions conventional methods support p
Slide 26: Thank you
Thank you Toby Wellman DiscovEx Resources Limited P +61 (0) 412 610 326 E toby@discovexresources.com.au Grant Coyle Latitude 66 Cobalt Limited P +61 (0) 421 777 059 E grant@lat66.com
Slide 27: Summary of key Risks
Summary of key Risks This section identifies the areas that the directors regard as the major risks associated with an investment in the Company. Investors should be aware that an investment in the Company involves many risks, many of which are outside of the control of the Company and its directors
Slide 28: Summary of key Risks
Summary of key Risks This section identifies the areas that the directors regard as the major risks associated with an investment in the Company. Investors should be aware that an investment in the Company involves many risks, many of which are outside of the control of the Company and its directors
Slide 29: Summary of key Risks
Summary of key Risks This section identifies the areas that the directors regard as the major risks associated with an investment in the Company. Investors should be aware that an investment in the Company involves many risks, many of which are outside of the control of the Company and its directors
Slide 30: International Offer Restrictions
International Offer Restrictions The Prospectus does not constitute an offer of Shares in any jurisdiction in which it would be unlawful. In particular, the Prospectus United Kingdom may not be distributed to any person, and the Shares may not be offered or sold, in any country outside Australia exc
Slide 31: Appendix
«“Latitude66 Appendix
Slide 32: Record European Gold Price
Record European Gold Price European Gold Price (EUR/Oz) 32 1. BullionByPost
Slide 33: Current Mineral Resources
Current Mineral Resources Table 1: K-camp gold mineral resource estimate (gold domain 0.5 g/t Au cut-off) K Camp Indicated Inferred Total Mineral Resource Au Co Au Co Au Co Cut-off Tonnes Gold Cobalt Tonnes Gold Cobalt Tonnes Gold Cobalt Deposit Domain grade grade grade grade grade grade (g/t Au) (M
Slide 34: Geological understanding / technical definition
Project portfolio Primary focus (KSB) Systematic, first principles approach has laid the foundation for many years of Gold and Cobalt exploration and operations • Advancement of K camp through feasibility to define near-term production opportunity • Improved definition of the connection of the Feasi