REG - Cloudbreak Discovery - Commencement of Exploration at Darlot West

Cloudbreak DiscoveryAnnouncement

10/07/2025 07:00

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RNS Number : 4077Q  Cloudbreak Discovery PLC  10 July 2025

10 July 2025

Cloudbreak Discovery Plc

("Cloudbreak", or the "Company")

 

Commencement of Field Based Exploration at Darlot West

Cloudbreak Discovery PLC (LSE:CDL) is pleased to announce that field based
exploration has commenced at the Darlot West Gold Project, located in the
Eastern Goldfields region of Western Australia. The exploration program is
being completed as part of the Company's due diligence with respect to the
exclusive option acquisition announced on 23 June 2025.

The Darlot Gold mine, located 10km to the north-east of the Project, has a
long production history of around 30 years of continuous gold production. Up
until November 2018, the total cumulative output of the mine was 17.8 million
tonnes at 4.8g/t Au from 2.8 million ounces of contained gold. Within the
Project, mineralisation has been sporadically sampled in drillholes, shafts,
costeans, and surface samples for over 40 years.

Historic samples from the Project include:

·    16.15g/t Au-SDRCP0081

·    11.8g/t Au- SDRCP0042

·    2.4g/t Au- SDRCP0040

Multiple significant drill results including:

·    1m at 11. 6g/t Au from 14 m

·    1m at 4. 83g/t Au from 13 m

Within the Project there are 3 notable historical underground workings along
200 metres of strike located along contact of basalt and Granitoid.

The field exploration program aims to conduct sampling of multiple gold
mineralisation targets, with a focus on  old historical pits and costean
work in the area, which have been identified through a comprehensive
desktop analysis to determine the extent and tenor of mineralisation present.
Reconnaissance mapping will, additionally, be completed in order to gain an
understanding of the controls on mineralisation and to assist with future
drill targeting.

It is envisaged that the exploration program will be completed within a week,
and upon completion, samples will be submitted to Intertek Testing Services
(Australia) Pty Ltd, for the laboratory for analysis. Upon receipt of results,
a news release will be published outlining the results and the outcomes.

For additional information please contact:

 

 Cloudbreak Discovery PLC  Peter Huljich, Chairman           Tel: +44 207 887 6139
 Novum Securities          David Coffman / Anastassiya Eley  Tel: +44 7399 9400

 (Financial Adviser)
 Oberon Capital            Nick Lovering / Adam Pollock      Tel: +44 20 3179 5355 /   +44 20 3179 5315

 (Broker)

 

 

 

 

About Cloudbreak Discovery PLC

 

Cloudbreak Discovery PLC is a natural resource explorer, project generator and
royalty business. Cloudbreak is focused on mineral exploration and energy
royalty acquisitions with the aim of bringing near-term cashflow and driving
shareholder value. Its primary operating jurisdiction is the United States,
but the Company also deploys its project generation model in the international
mining sector to acquire interests in projects of merit.

 

Through its wholly owned but independently operated subsidiary, Cloudbreak
Exploration Inc., 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 and exploration. Diversification within the natural
resource sector and amongst resource classes is key to withstanding the cycles
of investing.

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