REG - Cloudbreak Discovery - Big Expansion in Gold Assets in Western Australia

Cloudbreak DiscoveryAnnouncement

26/08/2025 07:00

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RNS Number : 6339W  Cloudbreak Discovery PLC  26 August 2025

26 August 2025

Cloudbreak Discovery Plc

('Cloudbreak', or 'the Company')

 

Big Expansion in Gold Assets in Western Australia

 

Darlot West Gold Project Expands by 5X the Acreage to 60.6km(2)

 

Cloudbreak Discovery Plc (LSE: CDL), a London Stock Exchange Main Market
listed company, is pleased to announce the expansion of the Darlot West Gold
Project ("Darlot West") by five times the initial land package, increasing
Cloudbreak's exposure to a total of 60.6km(2). 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.

 

The increased ground position includes ~7km of additional strike of greenstone
belt, the host to where Cloudbreak recently discovered up to 28.62g/t Au from
surface rock chip sampling.

 

 

Figure 1: Darlot West Gold Project - Expanded Tenure and Geology

 

Tom Evans, Cloudbreak's MD, commented; "The Darlot West Gold Project has
already returned some excellent gold grades as surface with grades approaching
an ounce of gold per tonne. There are also extensive historic gold mining
shafts that have never been followed up exploration wise. To secure this extra
acreage under an exclusive option is a very exciting transaction for the
Company. We will now have exposure to a significant package of land and
underpins our strategy of increasing our exposure to the highly prospective
greenstone belt within 10km of Darlot Gold Mine. The greenstone units which
trend extend into our additional ground package at Darlot West are the host to
numerous gold deposits in the district. Through increasing our scale to five
times the additional land position, and to take in a further 7km of strike we
are significantly increasing our chance of discovery."

 

Figure 2: Location of Darlot West Gold Project, Western Australia - 10km from
2.8Moz Darlot Gold Mine

 

Commercial terms of the Darlot expansion transaction:

The vendors have provided an exclusive option over 90% of the additional
tenement for a period of 90 days, The consideration for for this option period
is GBP5,000 with a final consideration of 11,000,000 ordinary shares in the
Company ("Shares") if the option is exercised.  The Vendors have agreed that
the Shares will only be issued when the Company has the ability to do so under
applicable regulations.

 

 

For additional information please contact:

 

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

                                       Tom Evans, Managing Director      Tel: +44 7851 703440
 Novum Securities (Financial Adviser)  David Coffman / Anastassiya Eley  Tel: +44 7399 9400

 

 

 

 

 

 

About Cloudbreak Discovery PLC

 

Cloudbreak Discovery PLC is a leading natural resource explorer and project
generator. Cloudbreak is focused on mineral exploration and energy
opportunities with the aim of bringing near-term cashflow and driving
shareholder value.

Through its wholly owned but independently operated 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.

 

- Ends -

 

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