Latitude 66 (ASX:LAT) said the scoping study for its KSB project in Finland confirmed the project's potential as a "highly economic, low-cost gold-cobalt mine," according to a Tuesday filing with the Australian bourse.
The study evaluated the feasibility of the project through the construction of an open cut mine and processing facility for gold doré and cobalt concentrate for export, the filing said.
Plans are underway for drilling near-mine extensional targets, testing regional resource expansion potential, and implementing environmental best practices for a carbon-neutral operation, per the filing.
Shares rose 1% in morning trade on Wednesday.
Price (AUD): $0.07, Change: $+0.0010, Percent Change: +1.41%
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