Latitude Resources plc (formerly Latin American Copper) is an AIM listed (trading symbol: LTR) exploration and entrepreneurial mining finance boutique. The company has five copper-gold projects and one copper-molybdenum project in the highly prospective Chilean Coastal Belt and is specifically exploring for IOCG (Iron Ore Copper Gold) type targets.

In addition to its exploration activities, the company intends to seek capital appreciation through a combination of active shareholding of private and public mineral resource companies as well as generating a fee based income from consulting services. The firm currently holds a 13% shareholding in Western Goldfields, a company that is bringing the Mesquite mine in California into production. Latitude also owns 18% of Romarco Minerals, details of which can be seen in the September 13th 2005 news release.

The experienced and diverse management team of Latitude Resources has a demonstrated track record of discovery and wealth creation for shareholders.



Latitude Resources plc
25 May 2006

Latitude Resources plc

Latitude Resources Announces Inferred Resource Estimate for Filipina Grande
Deposit in Chile


Latitude Resources plc (LSE:LTR) ('Latitude' or 'the Company') is pleased to
announce that the Company has completed an in-house resource estimate for the
Filipina Grande deposit, which has established an Inferred Mineral Resource of
over 27 million tonnes containing 545 million lbs of copper.


Inferred Resources*,**, Tonnes Grade Grade Grade Contained
*** Copper

Million Copper Gold Iron Million
tonnes(Mt) (%) (g/t) (%) Pounds (Mlbs)

Oxide
(0.2% Cu cut-off)
Mina Grande 11.2 0.64 0.14 - 157

Sulphide
(0.4% Cu cut-off)
Mina Grande 7.02 0.92 0.29 18.54 142
Caminada 8.80 1.27 0.32 19.32 246
Total Sulphides 15.82 1.12 0.31 18.97 388

Inferred Resources: Total Contained Copper, Filipina Grande Project = 545
Million lbs

* Source: These estimates and this announcement has been reviewed and approved
by Barry D. Rayment BSc., PhD, Latitude's senior non executive Director, a
Mining Geologist of more than 30 years standing and a member of the SME.
** Standard: Inferred Resource estimates comply with the JORC standard
definitions
*** This asset is wholly owned by Latitude and so the table represents both the
gross and the net attributable estimates.


Martyn Konig, CEO of Latitude, commented:

"The Board is much encouraged by this in-house resource estimate that strongly
supports the premise that Filipina Grande hosts a potentially economic resource.
Coupled with the favourable results from preliminary metallurgical testing of
the oxides, the estimate indicates significant progress at one of the Company's
lead projects."

The resource estimate was generated using the company's own expertise, utilising
standard polygonal estimation methodology, incorporating data from the following
sources:

3 Latitude drill campaigns totalling 10,000 metres, both diamond drilling
(4,000m) and reverse circulation (6,000m), between September 2004 and
January 2006
Reconnaissance and/or sampling or historic production data of numerous
small scale artesanal mines
Extensive geophysical programs, detailed geological mapping
Historical drill data from Rio Tinto (1990 - 1992) , Las Cenizas (1994)
and ENAMI (1998)

The Filipina Grande project is located in the central coastal region of Chile
south of the Candelaria (Phelps Dodge) and Mantos Verde (Anglo American) copper
mines. Expenditure by Latitude on Filipina Grande, from the acquisition of the
project in 2003 to date, totals US$1.4 million dollars.


Oxide Mineralisation
The oxides generally occur close to surface in the Mina Grande target area,
which lies in the northern portion of the Filipina Grande project. The oxide
bodies extend from surface, or close to surface, and reach an average depth of
approximately 70 metres.

Samples of these oxide bodies returned encouraging results from preliminary
metallurgical testing which was announced in March this year indicating that the
mineralised material would be amenable to treatment by acid leaching, a
relatively cheap process route. Further test work will be carried out over the
coming weeks to better evaluate the recovery characteristics of the oxides.


Sulphide Mineralisation
The sulphide bodies occur in all target areas within the Filipina Grande
project, and tend to be elongate, linear zones controlled primarily by
structures. The average true width of the sulphide bodies is in the order of 6
metres, varying from 2.5 metres to 14.25 metres wide. They range in depth from
100 metres to 600 metres below surface; the most important mineralised zone
occurs between 100 metres and 350 metres depth.


Potential
It should be noted that the oxide and sulphide mineralisation reported is that
which can be defined as JORC compliant Inferred Resources. The Company believes
there are additional target areas within the Filipina Grande project which,
subject to further exploration, could increase the overall size of the
mineralised system in the future, indicating the potential for the project to
develop substantially.


Ongoing Activity
Over the coming four weeks, Latitude will commence a large-scale, systematic
sampling program, to obtain data from all 13 artesanal oxide and sulphide mines
on the property.

This sampling program will give increased control over grade and distribution,
allowing Latitude to better plan the next phase of activity at relatively little
cost.



Glossary of key terms used in the notification

Oxide : Ore or mineralisation where sulphide minerals have broken down to oxides
through exposure to an oxidising agent, such as air or water.

Diamond drilling: A rotary type of rock drill that cuts a core of rock which is
recovered in long cylindrical sections, 2cm or more in diameter.

Reverse circulation drilling: A drilling method in which a rotating bit cuts
rock or compacted earth into fragments, which are pushed upward to the drill
collar by water or fluid mixtures for sampling. Unlike diamond drilling, it does
not provide an intact core for examination or sampling.

Sulphide: Ore or mineralisation composed mainly of sulphide minerals.



For further information please contact:
Martyn Konig, CEO Latitude Resources plc
Phone +44 (0) 207 493 9116
Fax +44 (20) 7493 9118
Email: info@latituderesources.com

Simon Rothschild/Keith Irons
Bankside Consultants
Phone +44 (0) 207 367 8888
simon.rothschild@bankside.com / keith.irons@bankside.com

Copper Gains on Speculation That Demand Will Outpace Supply
May 25 (Bloomberg) -- Copper rose on the London Metal Exchange on speculation that production may not meet demand this year because of strikes and declining output at some mines.

Mexican miners yesterday began a blockade at Grupo Mexico SA's Cananea copper mine, the country's largest. There's been a strike at La Caridad mine, Mexico's second-biggest, for two months. Codelco, the world's No. 1 copper producer, yesterday warned production will decline this year and next. Demand will rise 5.2 percent this year, HSBC Holdings Plc said yesterday.

``The fundamentals of copper are very supportive,'' Roy Carson, a London-based metals analyst at Triland Metals Ltd., which trades on the floor of the LME, said today by phone. ``Codelco will produce less and strikes are still on.''

Copper for delivery in three months on the LME advanced as much as $150, or 1.9 percent, to $7,980 a metric ton. The contract was $140 higher at $7,970 as of 9:26 a.m. in London, taking its gain this year to 81 percent. Copper reached a record $8,800 May 11.

Codelco, which supplies about 11 percent of the world's copper, yesterday said its output this year will be 1.713 million tons, or 0.6 percent less than last year. Production next year will be 1.652 million tons, Codelco forecast.

Copper prices have also gained because of increased interest from hedge, index-tracking and pension funds.

U.S. and European pension funds have shifted about 5 percent to 10 percent of their assets out of stocks and bonds into commodities indexes over the last several years, John Tumazos, a New York-based analyst at Prudential Equity Group, said in an interview yesterday.

Copper Forecast

HSBC, Europe's largest bank by market value, raised its average copper price forecast for this year by 40 percent to $2.80 a pound.

``High metal prices reflect ongoing inflows of speculative money,'' HSBC analysts led by Paul McTaggart said in a report yesterday. The bank estimates about $100 billion will be invested in commodity indexes by the end of 2006, compared with $10 billion at the end of 2003.

Copper inventory monitored by the LME fell 475 tons, or 0.5 percent, to 105,750 metric tons, the exchange said today in a daily report. Stockpiles, which have risen 19 percent this year, are still equal to less than three days of global usage.

Aluminum for delivery in three months rose $10, or 0.4 percent, to $2,750 a ton on the LME. Nickel slipped $400, or 1.8 percent, to $21,600 and lead fell $10 to $1,105. Tin dropped $100, or 1.2 percent, to $8,000. Zinc gained $45, or 1.3 percent, to $3,510 a ton.



Market Cap 16.51m, copper estimated reserve 545m lbs even @ $2USD lb reserve is worth $1090m USD!!

Thanks Georgetrio, I agree LTR is looking very good and fingers crossed for early retirement! Good luck with your investments and continue to post your thoughts and research. May not always agree but its nice to have a rounded set of arguements to build an overall picture from.

explosive
will do, best luck

TB recommends sell on LTR for RHPS subscribers

And it looks like they all have.
2m shares traded so far & pretty much all sells.

i will not sell mine. patience and focus

Nope I'm stopping in also Georgetrio, looking at the article he's basically saying that Latitude has a big holding in Western Goldfields 'which could' be liquidated to provide the finance for its exploration programme in Chile. Western Goldfields sp has dropped from $2.60 in July to $2.08 today. So holding isn't worth as much, and if it keeps falling won't fund f@%k all.... LTR currently is a long way off production and without this capital become high risk to ever reach production.

We all know this is high risk, just another example of a so called pro losing his bottle! Actually I think Toms really alright, we should remember he has a job to do so has to be cautious. So any newbies DYOR and at the very least acknoledge TBs sale recommeddation and why!

Enough from me and fly to Antwerp tomorrow so back in about a week.

A dip in the sp will provide a very nice opportunity to buy cheap and wait. it won't be long before they comeback recommending it as a buy. the same happened to SEY, when the investor chronicle declared it a sell but few months later it came back as a buy. Longterm investor will smile. When one did his homework and nothing fundamental changes, it's normal to remain put. This may not be the best strategy for short investors. Best luck

Latitude Resources says invests 2.45 mln aud in Australia's Tanami Gold




LONDON (AFX) - Latitude Resources PLC said it has invested 2.45 mln aud in an Australian gold exploration and development group, Tanami Gold NL.

The investment is part of a 15 mln aud placement by Tanami at 0.25 aud per share.Tanami has acquired a major ground position in the Tanami-Arunta Province of central Australia, and has completed successful regional early stage exploration programs in its own right and through joint venture partners.

Tanami's production target for the year ending June 30, 2007 has increased from 60,000 to 70,000 ounces of gold. The company expects the commissioning of the Coyote Gold Mine mill and gravity circuit to start late July or early August, allowing the treatment plant to be ramped up to full production by the end of this quarter.

Latitude's principal focus for operations is on copper-gold prospects within Chile, but it also manages an investment portfolio through which it seeks to take minority stakes in other resource projects.

Activities
Latitude Resources plc and its subsidiaries are a mineral exploration and mining group. The Company was founded in April 2000 to explore for and develop base metal deposits in Latin America. The Groups operations and management were established in Santiago, Chile and since January 2004, corporate, administrative and financial services have been based in London. The Companys ordinary shares have been traded on OFEX since July 2000. In May 2005 the Company changed its name from Latin American Copper plc to Latitude Resources plc to reflect a new strategy seeking to expand the range of activities undertaken by the Group. The Group has five copper-gold projects and one copper-molybdenum project at the exploration stage in Chile. The copper-gold exploration projects are located in the highly prospective Chilean Coastal Cordillera region. The Company is specifically exploring for Iron Oxide Copper Gold targets similar to the Chilean Candelaria mine currently operated by Phelps Dodge Corporation.

Wed Nov 1, 2006
Exercise of Warrants in Western Goldfields

--------------------------------------------------------------------------------

The Company announces that it has exercised 2,500,000 warrants at $1.00 per share in Western Goldfields (TSX: WGI). This takes the Company's holding in Western Goldfields to 9.9% of the issued share capital.

Mon Dec 4, 2006
Preliminary Results for the Year Ended 30 June 2006

--------------------------------------------------------------------------------

View News Release - Including Financial Statements - in PDF Format

CHIEF EXECUTIVE OFFICER'S STATEMENT

Latitude Resources plc had an active 2005 - 2006 financial year. The company has further developed its core Chilean exploration properties, most notably at Filipina Grande and Santa Dominga, where we have significantly accelerated our drilling and exploration program. The company has also continued to implement its strategy of investing in other mining opportunities, an example of the benefits of which can be seen in the realisation of the profit on the sale of shares in Romarco Inc.

Operations Report

Over the period July 2005 to June 2006, Latitude Resources has made the most noteworthy progress in the Company's history.

A period of intense activity comprising an extensive drill program at Filipina Grande, followed by an internally generated resource calculation, allowed Latitude to publish its first Inferred Resource estimation. A total investment of just US$1.4 million over 3 years saw Latitude progress Filipina Grande from a virtually grass-roots property to delineating an inferred resource estimate with a total contained copper content of over 545 million lbs, or almost 247,000 tonnes.

December 2005 saw the discovery of an extensive new drill target from a geophysical survey at Santa Dominga. Following an initial drill program, the results of which were made public after the end of the financial year, we now consider this property as a major priority for further development and are very excited by this discovery of a new, high-grade copper discovery in the Candelaria Belt.

A geophysical program carried out on the Company's only copper porphyry project, El Teno, revealed a classic geophysical signature. This, combined with geology, geochemistry and outcrops containing copper and molybdenum mineralisation, mean that the El Teno project is 'drill ready'. However the potential environmental issues at this site have made progress slow and the Company believes the pursuit of a Joint Venture with a larger partner is now the most effective strategy to further exploit the project, particularly at a time that the company's resources are being actively deployed in pursuing our interests at Santa Dominga and Filipina Grande.

In summary, your Company has made considerable progress on its lead projects over the past 12 months and hopes to begin reaping the benefits of these successes over the coming financial year.

Investment Activities

Our principal focus for operations is on copper-gold prospects within Chile, but we also manage a complimentary investment portfolio through which we seek to take minority stakes in other resource projects, with the aim of adding value and maximising the return on shareholders funds to further sustain our exploration activities in Chile.

At the year end, Latitude continues to hold its 7.13% stake in Western Goldfields, a public company which now trades on the Toronto Stock Exchange (TSX: WGI) as well as the OTC bulletin board. During the year, Western Goldfields announced a new Board of Directors as well as a new senior management team. Additional funds were raised to finance the immediate priorities of upgrading and expanding the resource, completing a feasibility study and bringing the Mesquite Mine, located in Southern California, into full production. We are delighted that Western Goldfields have been able to combine a very experienced and capable team with the potential of the Mesquite Mine. Under the leadership of Randall Oliphant, formerly CEO of Barrick Gold Corporation, I am confident that Western Goldfields will realize value from this investment. Post the year end we exercised our 2,500,000 warrants at US $1.00 per share in Western Goldfields, which takes our holding in Western Goldfields to 9.9% of the issued share capital.

As I mentioned last year, the investment in Western Goldfields triggered a complementary investment in Romarco. We disposed of the Romarco holding in May 2006 for a total profit of 343,000 on the 703,000 of funds initially invested in September 2005 and post the year end, disposed of the warrants which generated an additional 250,000 of profit.

Post the year end we also made a 1,000,000 investment in Tanami Gold NL (ASX: TAM) an Australian gold exploration and development group. Since listing on the ASX in 1995, Tanami has acquired a major ground position in the Tanami-Arunta Province of central Australia, gaining access to large areas through negotiating agreements with the traditional Aboriginal owners, and completing successful regional early stage exploration programs in its own right and through joint venture partners. Tanami anticipates the commissioning of the Coyote Gold Mine mill and gravity circuit allowing the treatment plant to be ramped up to full production.

Financial

The consolidated net loss after taxation of the Group in respect of the year ended 30 June 2006 amounted to 493,000 (loss per share 0.2 p) compared to the consolidated net loss after taxation for 2005 of 762,000 (loss per share 0.7 p).

The Group's income during the year from consultancy fees and the profit on sales of fixed assets investments amounted to 103,000 and 343,000 respectively (2005: 0), whilst bank deposit interest amounted to 117,000 (2005: 13,000).

The net assets of the Group amounted to approximately 6,689,000 as at the year end (2005: 1,896,000) which includes intangible assets amounting to approximately 2,010,000 (2005: 886,000). The major factor for this increase in net assets was the financing that was completed in July 2005. Intangible assets relate to accumulated deferred exploration and evaluation costs in respect of the Group's exploration interests in Chile. The Group's accounting policy is to capitalise these costs pending determination of the feasibility of the project to which they relate.

Outlook

In summary, Latitude's goals for the next 12 months have been firmly underpinned by the progress and achievements of this financial year and I should like to take this opportunity to thank our staff, shareholders, advisors and particularly our corporate partners for their excellent and ongoing support during an exciting year. The recent drilling results have been most encouraging and I believe the prospect of our team in Chile making an exciting discovery has never been better.

We continue to focus all our efforts on the strategic objective of building a world-class junior mining company and believe that we are well on track for that goal to be achieved.

Martyn Konig Chief
Executive Officer


View Complete News Release - Including Financial Statements - in PDF Format:
File: http://www.latituderesources.com/i/pdf/2006-12-04_NR.pdf

RNS Number:5519P
Latitude Resources plc
16 January 2007


Latitude Resources plc

Drilling update


Latitude Resources ('Latitude', LSE:LTR) announces additional high-grade copper
drill intercepts at Santa Dominga.

Latitude is pleased to announce further drill results from the high-grade copper
body at its Santa Dominga property in northern Chile.

Santa Dominga is the southernmost of five iron ore/copper-gold properties held
by Latitude and located on the coastal belt of Chile, north of Santiago. The
area has a long history of copper-gold mining and the Santa Dominga property
hosts a historic non-operational underground mine, which had previously been a
significant local gold-copper producer.

Earlier exploration drilling by Latitude indicated the presence of a classic
Iron Oxide Copper-Gold ('IOCG') system and supported the potential for more
extensive mineralisation. Subsequent drilling in 2006, as reported in press
releases of May 23 and July 18, 2006, intercepted a new, higher grade
mineralised area which has been the target for a more extensive, recent drill
programme. The completion of this latest 4,535 m drill campaign brings the total
metres drilled at Santa Dominga to 10,644 m.

'While we are still in the early stages of exploration of the whole Santa
Dominga property, these latest results give further encouragement to our belief
that we have outlined a significant zone of copper - gold mineralisation' said
Martyn Konig, Chief Executive.
'We hope now to be able to define more closely the fuller potential of the Santa
Dominga property, by thorough interpretation of the data, before embarking on a
further drilling campaign. This is a very satisfying and positive development
for Latitude."


Assay Results - high grade copper zone


Hole SD-19

18m @ 0.34 % Cu, 0.08 g/t Au from 194m to 212m, which includes two high-grade
intercepts:
4m @ 0.72 % Cu, 0.18 g/t Au from 194 to 198m, and
2m @ 1.94 % Cu, 0.18 g/t Au from 220 to 222m


Hole SD-20

28m @ 1.23 % Cu, 0.29 g/t Au from 144 to 172m, and
6m @ 0.7% Cu; 0.12 g/t Au from 212 to 218


Hole SD-21

102m @ 0.82 % Cu, 0.12 g/t Au from 100m to 202m, which includes four high-grade
intercepts:

44m @ 1.12 % Cu, 0.18 g/t Au from 100 to 144m, and
4m @ 0.7 % Cu, 0.07 g/t Au from 166 to 170m, and
2m @ 1.04 % Cu, 0.11 g/t Au from 180 to 182m, and
8m @ 2.07 % Cu, 0.17 g/t Au from 194 to 202m


Hole SD-13 (results previously reported May 23, 2006)

62 m @ 1.58% Cu, 0.37 g/t Au from 110m to 172m


Hole SD-17 (results previously reported July 18, 2006)

74 m @ 1.60 % Cu, 0.37 g/t Au from 138 m to 212 m, including
42 m @ 2.41 % Cu, 0.57 g/t Au from 138 m to 180 m

Hole SD-18 (results previously reported July 18, 2006)

76 m @ 1.61 % Cu, 0.33 g/t Au from 100 m to 176 m, including
62 m @ 1.86 % Cu, 0.38 g/t Au from 108 m to 170 m

Hole SD-18 intercepted additional mineralisation down hole, returning

2 m @ 1.22 % Cu, 0.12 g/t Au and from 214 m to 216 m and
8 m @ 0.98% Cu, 0.17 g/t Au and from 224 m to 232 m


The following drill holes intercepted classic IOCG mineralisation but over
shorter intercepts. This indicates that the high grade copper body has an
irregular form, requiring detailed geological mapping and modelling prior to the
next round of field activity.

Hole Cu % Au g/t From To Metres
SD-22 1.00 0.18 30 36 6
SD-23 1.95 0.16 132 134 2
SD-24 0.54 0.01 130 132 2
SD-25 1.25 0.12 76 80 4
1.37 0.28 90 98 8
SD-26 0.67 0.08 96 98 2
SD-27 0.09 1.45 126 136 10
SD-29 0.48 0.06 32 34 2
0.49 0.04 38 42 4
0.41 0.02 46 48 2
0.41 0.01 86 92 6

A basic plan map showing location of all drill holes at Santa Dominga can be
viewed at www.latituderesources.com.

Mineralisation

The high grade copper sulphide mineralization occurs as chalcopyrite with pyrite
and pyrrhotite and is hosted in meta-sedimentary and iron banded sequences.

It is noteworthy that several drill holes report significant iron (Fe) assays
due to a very high magnetite content; those drill holes that intercept iron-rich
areas show values ranging from 30% to almost 50% Fe. An independent review (by a
Chilean consultancy group) commissioned by Latitude, suggests these iron grades
could significantly enhance the commercial value of the deposit.

Summary

These recent drill results confirm the presence of a high-grade copper body,
with gold and substantial iron content, in Latitude's Santa Dominga property.
The technical team, based in Santiago, Chile, will continue to work on detailed
interpretation of the geological and assay data in order to better constrain the
mineralisation model, prior to the next phase of field activity.

For the purposes of AIM Rule 11, this announcement has been reviewed by
Latitude's senior non executive Director, Barry D. Rayment BSc., PhD, Mining
Geologist of more then 30 years standing and a member of the SME.

Contacts:

Martyn Konig,
Chief Executive Officer
Tel +44 (0) 207 087 7971

Keith Irons /Simon Rothschild,
Bankside Consultants
Tel +44 (0) 207 367 8888







This information is provided by RNS

Look at the AGM comment here today --- industry interest in recent finds

"we are pleaseed to have interest from important industry players"

Mkt cap 10m now and a big bouy is interested. Resource estimate from Filipina Grande deposit seems to more than cover the mkt cap.
But I think its the grades found recently at Santa Dominga that are raising the eyebrows.

Not explosives intitial comment on other holdings

Now sold some down bt still c4m in holding in WGI that's 40% of current MKT CAP

HAs c1m holding in an Aussie gold company called Tanami too.

Net cash still probably around 1m -- that's a guess from last results

So NAV excluding anything for any of the Chile finds 2.5p. So nothing in for defined resource at Filipina Grande -- say 5p a share which I think is v conservative . This would take us to 7.5p without thinking about the grades we saw in the January drills at Santa Dominga. Not to mention today's comment

http://www.market-insider.net/?p=1714

"Latitude Resources
Posted by: The Insider, in Market whispers

Evolution says buy up to 12p - current price 3.87p. Broker adds: Supported by net cash of 2.4m, excellent budgeting and financial controls and a strategy to add value with selective investments we expect further solid progress going forwards. Target price of 12p includes 9p for Filipina Grande, 2p for the remaining 4.8m shareholding in Western Goldfields and 1p net cash. Continued development of the key projects could add further value.

This entry was posted on Friday, March 30th, 2007 at 1:51 pm and is filed under Market whispers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site."


Is this the first time we have seen Filipina Grande valued? No value ascribed to Santa Dominga and the other prospects nor to the Tanami holding

The problem is funding at the moment, sure as more results come out it'll become easier but whats the timing on this.

Recent media comment, Click Here

Sold at a loss

Just seen a broker upgrade from 4.5p to 9.5p!!!
Starting to look interesting.

Having done a little more research, I can't really see why they would upgrade & this may be in reality a downgrade as they were targeting 12p in April.