Latitude 66 Limited has announced a maiden Mineral Resource Estimate for its Tin Dog Prospect and an upgraded resource at Red Dog within the Laverton Gold Project, boosting its total gold inventory to 339,000 ounces at Laverton and 918,000 ounces globally.
- Tin Dog maiden resource of 309,000oz at 1.0g/t Au
- Red Dog resource upgraded by 122% to 30,000oz
- Combined Laverton resource totals 339,000oz gold
- Discovery cost approximately A$2.61 per resource ounce
- Laverton resources located near multiple processing facilities
Maiden Tin Dog Resource Validates New Structural Model
Latitude 66 Limited (ASX:LAT) has delivered a significant exploration milestone with a maiden Mineral Resource Estimate (MRE) for its Tin Dog Prospect, totaling 10 million tonnes at 1.0g/t gold for 309,000 ounces. This estimate is underpinned by a fresh geological interpretation that identifies a previously overlooked NW–SE structural corridor controlling gold mineralisation. The discovery of new shear-hosted lodes alongside the historically known syenite-hosted mineralisation has materially expanded Tin Dog’s mineralised footprint.
The Tin Dog resource forms the bulk of the combined Laverton MRE, which now stands at 10.7 million tonnes at 1.0g/t gold for 339,000 ounces, including 40% classified as Indicated. Latitude’s drilling program since acquiring the option agreement in November 2025 has been efficient, with just 6,451 metres of reverse circulation drilling contributing to this milestone.
Red Dog Resource Surges with Step-Out Drilling
The Red Dog Prospect has also seen a substantial upgrade, with the Mineral Resource increasing by approximately 122% from a historical remnant of 13,500 ounces to 30,000 ounces at 1.3g/t gold. This uplift follows successful extensional drilling beyond the previously mined open pit and known resource footprint. The mineralisation remains open in multiple directions, presenting further upside potential.
Both Tin Dog and Red Dog are situated on granted mining leases within Western Australia’s northern Goldfields, an infrastructure-rich region boasting five operating gold processing plants within 100 kilometres. This proximity offers Latitude 66 considerable flexibility in evaluating development pathways.
Cost-Efficient Discovery and Resource Growth Strategy
Latitude 66 reports a discovery cost of approximately A$2.61 per resource ounce at Laverton, reflecting a disciplined and effective exploration approach. Managing Director Grant Coyle highlighted the validation of their geological model and the strategic advantage of the project's location near established processing facilities.
The company plans to continue exploration with diamond drilling at Tin Dog to confirm controls on high-grade shoots and additional reverse circulation drilling to expand The Don and Wilpro mineralised structures. These targets, along with multiple parallel NW–SE structural corridors, keep the prospect open for further resource growth.
Laverton Resource Adds to Global Portfolio
Including the Laverton resource, Latitude 66’s total Indicated and Inferred Mineral Resource base now stands at 18 million tonnes at 1.7g/t gold for 918,000 ounces globally. This total incorporates the Finnish Kuusamo Schist Belt Project, which hosts 650,000 ounces of gold and 5,840 tonnes of cobalt.
The Laverton MRE is reported above a 0.6g/t cut-off grade within optimised open-pit shells using a gold price assumption of A$6,000 per ounce. The deposits are amenable to conventional open-pit mining, with historical metallurgical data supporting recoveries above 90%. The company emphasises that the resource remains open, with a substantial volume of mineralisation below the reporting cut-off grade potentially contributing to future project economics.
Next Steps Focus on Resource Expansion and Development
Latitude 66 is advancing plans for further drilling and development studies at Laverton in the second half of 2026. Diamond drilling will target high-grade shoot orientations at Tin Dog, while additional RC drilling aims to upgrade and extend The Don and Wilpro lodes. Concurrently, the company will integrate exploration and metallurgical results into broader development strategies to progress Laverton toward potential future development decisions.
Bottom Line?
Latitude 66’s Laverton resource milestone confirms its exploration model and sets the stage for further growth amid favourable infrastructure and cost metrics.
Questions in the middle?
- How will upcoming diamond drilling refine the high-grade shoot potential at Tin Dog?
- What impact will fluctuating gold prices have on the final cut-off grades and project economics?
- When will metallurgical testing from recent drilling programs be available to validate processing assumptions?