LCD Quarterly Activities Report For the Period Ended 30 June 2020 HIGHLIGHTS Secured exclusive option to acquire a 100% interest in the prospective Skye Gold Project in the Gawler Craton – due diligence currently progressing Skye Gold Project offers an excellent exploration address – multiple greenfield targets near several large‐scale gold systems in a proven million‐ounce gold terrain near to Marmota Limited’s (ASX: MEU) Aurora Tank ‘Goshawk Zone’ discovery Latitude aiming to commence auger and RAB drilling this quarter to define new and existing bedrock mineralisation within the Skye Gold Project Field visit to Circle Valley Gold Project reinforces strong early‐stage gold exploration potential – project strategically located along the Albany‐Fraser Mobile Belt in WA Latitude considers that two bedrock gold occurrences w ithin Circle Valley ‐ in otherwise unexplored terrain ‐ is an excellent indicator to potential broader gold mineralisation Circle Valley exploration program to run alongside exploration at Skye Gold Project – initial bedrock exploration will start with aircore drilling this quarter Latitude maintains a sound cash balance of ~ A$3.2m as at June 30 2020 Latitude to focus its resources and capital on gold exploration across its Australian tenements and withdraw from Zimbabwe projects and activity Latitude Consolidated Limited (ASX: LCD) (“Latitude “or “the Company”) is pleased to provide its Quarterly Activities Report for the period ended 30 June 2020. June Quarter Review and Management Commentary: Latitude’s Chairman, Timothy Moore, commented, “A very productive quarter for Latitude and we are pleased to be increasing exploration activity across our portfolio in what is a very encouraging gold market. “Although due diligence is still to be finalised, we are confident the Skye Gold Project will be a valuable addition to our portfolio and provides us with some exciting exposure to a proven gold producing region. As such, we are already planning our initial work programs and I look forward to providing further details on these over the next few weeks. “Work is also progressing at our Circle Valley Gold Project which is very pleasing. The Circle Valley Project provides the Company with an opportunity to explore an area that has seen little modern exploration but is prospective for gold mineralisation and provides an excellent companion project to Skye Gold. “Corporately, we remain in a steady position and our continued approach to prudently deploying capital has ensured we have the ability to advance exploration across our portfolio while also actively assessing other strategic opportunities within the resources sector. I look forward to providing regular progress updates to shareholders this quarter.”
