Cloudbreak Discovery - Acquisition of Crofton Gold Project

Cloudbreak Discovery

09/10/2025 07:00

RNS Number : 6244C

Cloudbreak Discovery PLC

09 October 2025

 

9 October 2025

Cloudbreak Discovery Plc

('Cloudbreak', or 'the Company')

 

Acquisition of Crofton Gold Project

Western Australia

Gold grades up to 253 g/t + Silver grades up to 215 g/t

 

Cloudbreak Discovery Plc (LSE: CDL), a London Stock Exchange Main Market listed company, is pleased to announce that it has secured the exclusive option to acquire the Crofton Gold Project ("Crofton"), located 120 kilometres east-southeast of famous Australian gold mining centre of Marble Bar and 75km northeast of the mining centre town of Nullagine in the Pilbara region of Western Australia (Figure 2).  The consideration is GBP10,000 for a two (2) month option period with 56,000,000 new ordinary shares to be issued no later than 31 January 2026 in the event that the option is exercised.

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Previous soil and rock chip sampling campaigns in 2021 (Figure 1) at Crofton have defined new prospects and returned bonanza-grade gold results, up to 253g/t gold and 215g/t silver (Table 1), with visible gold being common in dumps adjacent to historic test pits.

 

Historic gold production from the area from 1901-1910 averaged 150 g/t gold.

 

Soil sampling results range up to 3g/t gold (Figure 1) with multiple trends identified over strike lengths exceeding one kilometre.

 

Rock chip sampling:

·      Observed visible gold in historic test pits

·      Waste dump and rock samples returned results including:

o  253g/t, 195g/t, 62g/t and 48g/t gold.

o  215g/t, 150g/t, 48g/t and 17g/t silver.

 

Soil sampling:

·      Anomalies delineated over multiple gold trends over substantial strike lengths exceeding one kilometre.

·      Peak gold result of 3g/t (3,000ppb) gold with numerous samples returning values in excess of 10ppb gold

 

Tom Evans, Cloudbreak's MD, commented: "This is an incredibly exciting gold project in Western Australia and it adds significantly to our growing portfolio of gold assets in a period of record gold prices and resurgent silver prices. The Crofton project has recorded some extraordinary gold grades from recent sampling undertaken in 2021 and historic mining. The delineation of multiple trends with strike lengths of over a kilometre on the tenement give the Company a vast number of high priority exploration targets. We are making plans to have geologists on-site as soon as practicable and I look forward to updating shareholders in short order.

 

Further, I am also looking forward to reporting on the assay results from our Darlot West project in the coming weeks.

 

Lastly, I am delighted to report that with this latest transaction and those previously announced since June of this year, we are going to have an extremely busy end to 2025.  The refined strategy announced by our Chairman in May of this year, has allowed us to scale appropriately, on material value add to the company's assets, and move swiftly for astute commercial opportunities in a risk abated manner.  Importantly the Company remains fully funded for  planned works across all portfolio assets."

About the Crofton Gold Project

 

Crofton hosts a large area of hydrothermal alteration within the Yilgalong Granitoid, associated with a suite of prominent quartz veins. Historical exploration has been limited to surface sampling programs of stream sediment, soil and rock chip sampling.

Figure 1: Crofton geology, sample locations and results

 

   

The Company will hold a 100% interest in the Crofton property, which consists of one exploration licence application E45/6690 covering 57km² (Figure 2). The Crofton licence covers much of the Boodalyerrie Mining Centre, which has recorded production from 1901 to 1910 of 588.4 ounces gold from 122 tonnes of ore at a reconciled average grade of 150g/t gold.

 

Future Plans and Assay results update:

The Company plans to undertake a site visit, conduct detailed geological mapping over the geochemical anomalies identified from previous work, and move towards defining drill targets.

 

​Figure 2: Location of the Crofton Gold project to towns in the district, gold processing plants and gold mines.

 

 

Table 1: Rock Chip sample results by Raiden Resources Limited RDN:ASX, 2 August 2021, reported in g/t (ppm).

 

Sample
East
North
Au
Au Rp1
Ag
As
Cu
Pb
Zn
RBR001
272804
7612956
152
1
74
RBR002
272631
7613964
0.01
2.4
12
11
63
36
RBR003
273096
7614200
0.02
26
59
RBR004
273077
7614201
0.09
23
36
RBR005
272647
7614202
28
30
RBR006
272598
7614156
0.01
0.7
2
RBR007
272946
7614406
0.01
46
141
29
88
RBR008
272945
7614308
0.23
21.5
11
119
256
64
RBR009
272995
7614605
0.01
14
12
10
RBR010
272600
7614603
17
27
RBR011
272446
7614599
0.06
24
18
RBR012
272733
7614807
0.04
3.6
364
47
537
208
RBR013
272900
7614805
0.01
1.1
20
23
25
RBR014
273007
7615201
0.01
1.5
103
16
13
RBR015
272606
7616488
48.63
17.3
18
12
62
RBR016
272606
7616488
0.37
14
10
27
RBR017
272507
7616717
62.48
48.1
62
15
128
RBR018
272547
7616993
0.24
53
19
38
1
RBR019
272058
7616158
0.15
0.9
13
2
84
24
RBR020
271979
7616182
20.61
10.4
53
123
155
37
RBR021
271983
7616197
12.24
6.1
138
17
2
29
RBR022
272345
7616301
253.59
263.67
215.3
121
52
540
42
RBR023
272583
7616305
4.81
4.8
44
50
2
12
RBR024
273516
7617341
0.43
RBR025
273563
7617299
0.29
19
72
83
RBR026
273553
7617290
0.03
22
84
55
RBR027
274581
7617600
0.02
0.6
138
17
44
RBR028
271005
7616589
195.53
150.5
641
226
906
70
RBR029
271001
7616591
0.98
0.9
13
18
RBR030
270943
7616646
10.22
15.3
77
68
64
15
RBR031
270811
7613379
0.19
1.1
RBR032
271147
7613327
2.78
5.6
70
1
33
131
RBR033
271755
7613184
0.68
12.9
23
14
31
10

 

​

 

This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended).

 

 

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For additional information please contact:

 

Cloudbreak Discovery PLC
Peter Huljich, Chairman
Tom Evans, Managing Director
Tel: +44 207 887 6139
Tel: +44 7851 703440
AlbR Capital Limited
(Financial Adviser)
David Coffman / Anastassiya Eley
Tel: +44 7399 9400

 

 

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About Cloudbreak Discovery PLC

Cloudbreak Discovery PLC is a leading gold, precious and base metals resource explorer. Cloudbreak is focused on mineral exploration in Western Australia with the aim of bringing near-term cashflow and driving shareholder value.

 

Through its wholly owned subsidiaries, the Company will develop its array of mineral assets, whilst continuing to generate new projects with a particular focus on commodities with high intrinsic value.

​

Cloudbreak's generative model across the mineral sector enables a multi-asset approach to investing in the commodity cycle.

 

 

Competent Persons Statement

 

The Information in this report that relates to exploration results, mineral resources or ore reserves is based on information compiled by Mr Edward Mead, who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Mead is a consultant to Cloudbreak Discovery Plc and employed by Doraleda Pty Ltd. Mr Mead has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the `Australian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves' (the JORC Code). Mr Mead consents to the inclusion of this information in the form and context in which it appears in this report.

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