REG - Cloudbreak Discovery - Additional Option Exercise at Darlot West

Cloudbreak DiscoveryAnnouncement

Mon 07:00

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RNS Number : 6071I  Cloudbreak Discovery PLC  24 November 2025

24 November 2025

Cloudbreak Discovery Plc

('Cloudbreak', or 'the Company')

Additional Option Exercise at Darlot West

 

Cloudbreak Discovery Plc (LSE: CDL), a London Stock Exchange Main Market
listed company, is pleased to confirm that it will be exercising the option to
acquire the additional land package at the  Darlot West Gold Project ("Darlot
West").  This is in addition to the initial land package option exercised on
22 September 2025 and increases the land held at Darlot West by five times.

 

Darlot West is located only 10km southwest of the iconic Darlot Gold Mine in
Western Australia with production of 2.8 million ounces of gold produced to
date, and 25km north of Northern Star Limited Thunderbox Gold Mine with annual
production of 232koz and resource of 4.7Moz and Reserve of 1.96Moz gold.
(Figure 1).

Tom Evans, Cloudbreak's MD, commented; "Our due diligence on this asset has
proved the very significant gold potential of the area and agreeing to
finalising this acquisition is a great result for the Company.  We consider
this to be a very positive and fortunate milestone for the Company, to have
secured this tenure located between two of the most iconic goldmines in the
area. Excellent results from our own recent gold sampling gave us significant
gold grades with results up to 65.75 grams per tonne (over 2 ounces per
tonne), and our sampling results have far exceeded our initial expectations.
This confirms our view that this asset will ultimately be a cornerstone asset
of the Company and add shareholder value over the coming year."

 

"Should the future drilling programmes determine a significant gold resource
at Darlot West next year, we will have the choice of two possible treatment
plants within a 20km radius, for potential toll treatment . We remain bullish
on the gold price heading into 2026, and we see a bright future for our
shareholders pursuing this Western Australian gold strategy."

 

Figure 1: Location of 60.6km(2) Darlot West Gold Project, Western Australia -
10km from 2.8Moz Darlot Gold Mine, and 25km from Thunderbox Gold Mine operated
by Northern Star Limited.

 

Commercial terms of the Darlot expansion option exercise:

 

The final consideration for this option period is GBP5,000 and 11,000,000
ordinary shares in the Company ("Shares"). The Vendors have agreed that the
Shares will only be issued when the Company has the ability to do so under
applicable regulations and the Company is currently working with its advisers
to prepare an FCA approved prospectus to enable their issue.

 

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).

 

-END-

 

For Further Information, please contact:

 

 Cloudbreak Discovery PLC  Peter Huljich, Chairman                        Tel: +44 207 887 6139

                           Tom Evans, Managing Director                   Tel: +44 7851 703440
 AlbR Capital Limited      David Coffman / Dan Harris                     Tel: +44 207 469 0930

 (Financial Adviser)
 Marex Financial           Angelo Sofocleous / Keith Swann / Matt Bailey  Tel: +44 (0) 207 655 6000

 (Broker)                                                                 Email: corporate@marex.com

 

 

 

 

 

 

About Cloudbreak Discovery PLC
LSE listed 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.

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