REG - Cloudbreak Discovery - Darlot West Exploration Update and Option Exercise

Cloudbreak DiscoveryAnnouncement

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RNS Number : 9608Z  Cloudbreak Discovery PLC  22 September 2025

22 September 2025

Cloudbreak Discovery Plc

("Cloudbreak" or the "Company")

 

Darlot West Exploration Update and Option Exercise

 

Cloudbreak Discovery Plc (LSE: CDL), a London Stock Exchange Main Market
listed company, is very pleased to announce the exercise of the option to
acquire Phase 1 of Darlot West Gold Project ("Darlot West") that covers
60.6km(2). Darlot West (Figure 1) 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 Company is further pleased to announce that the next phase of exploration
has just been completed to further advance the project over the additional
~7km of greenstone belt strike, the host to where Cloudbreak recently
discovered up to 28.62g/t Au from surface rock chip sampling, as announced on
21 August 2025.

 

Work completed in this latest phase of exploration included:

·    76 rock chip samples;

·    577 soil samples;

·    The submission of 653 soil and rock chip samples to Intertek
Laboratories in Perth with an expected turnaround time of approximately one
month;

·    Drone mapping of historical workings to assist in defining potential
geological and structural targets and their strike extensions (See Figures 2
to 6); and

·    Mapping of the historical workings and structural measurements of the
known gold-bearing quartz veins.

 

The next phase of exploration is being planned and will follow up on
significant metal detector pits across the project where coarse gold is
believed to have been recovered. High Resolution magnetics are to be completed
shortly to potentially identify drill ready targets.

 

Tom Evans, Cloudbreak's MD, commented:

 

"With the Company now fully funded for all planned works, the number of
samples collected from Darlot West in the past few weeks is exceptional - it's
great to have this next phase completed so quickly and I look forward to the
results from Intertek Laboratories. In the meantime, a high-resolution
magnetic survey is planned, which will follow up on the vast number of metal
detector pits identified by geologists, which may assist with mapping hidden
gold structures. The Darlot West Gold Project is a sizeable area covering
60.6km(2) , and with samples of up to 28.62g/t Au we will continue to follow
up gold mineralisation over the project with the aim of moving towards
drilling as soon as possible. I look forward to updating shareholders as
results come to hand."

 

From current observations, the structural orientation of gold mineralisation
appears to trend east-northeast to northeast, which is consistent with broader
scale regional structural mapping in the area. This makes observations
comparable to the British King Gold Mine located just east of Darlot West,
where east-west gold bearing quartz veins have been reported.

 

At the northern boundary of Darlot West, old workings show a northwest strike
which is broadly similar to orientations observed at the Darlot Gold Mine.
Historical workings identified on Darlot West also exhibit a west-northwest
strike.

 

At this early stage it is possible to interpret structures and associated
historical gold workings as being related to the same structural systems
influencing British King and the Darlot Gold Mine with both orientations
being observed.

 

Some structures, such as those along the northern boundary could parallel the
Darlot Gold Mine, and further work will target all orientations of quartz
veining. The upcoming magnetics may help to delineate both orientations.

 

Observations from historical trenching, and the multiple orientations to the
historical workings, indicate that previous work may have been targeting both
quartz veining orientations, associated with the British King Gold Mine and
the Darlot Gold Mine.

Figure 1: Location of Darlot West Gold Project, Western Australia - 10km from
2.8Moz Darlot Gold Mine

 

 

Figure 2: Historical shafts and workings on Darlot West Gold Project.

 

 

Figure 3: Historical shafts and workings on Darlot West Gold Project, from
drone.

 

Figure 4: Historical shaft on Darlot West Gold Project.

 

 

Figure 5: Historical shaft on Darlot West Gold Project.

 

 

Figure 6: Historical shaft on Darlot West Gold Project.

 

 

 

Option Exercise Terms

 

The vendors of Darlot West will be issued 50 million ordinary shares of
£0.001 in the Company in accordance with the terms of the acquisition as
announced on 23 June 2025.  The Company will issue the shares following the
publication of an FCA approved prospectus which, as announced on 28 August
2025, it is working with its advisers to prepare.

 

-END-

 

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 Limited  David Coffman / Anastassiya Eley  Tel: +44 7399 9400

 (Financial Adviser)

 

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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