REG - Cloudbreak Discovery - Exercise of Option to Acquire Crofton Gold Project

Cloudbreak DiscoveryAnnouncement

Tue 07:00

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RNS Number : 6858K  Cloudbreak Discovery PLC  09 December 2025

09 December 2025

Cloudbreak Discovery Plc

('Cloudbreak', or 'the Company')

 

Exercise of Option to Acquire Crofton Gold Project

 

Cloudbreak Discovery Plc (LSE: CDL), a London Stock Exchange Main Market
listed company, is pleased to announce that it has decided to exercise the
option to acquire exploration licence application E45/6690 covering 57km²
(Figure1 ) known as 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 1).

Tom Evans, Cloudbreak's MD, commented; "the recent trip by our geologists to
the Crofton licence has clearly indicated the very significant gold potential
of the area and agreeing to finalise this acquisition is a great result for
the Company.  We consider ourselves to be extremely lucky to have secured
this tenure with considerable quartz veining being observed on the licence
which confirms our view that this asset will ultimately be a significant asset
of the Company and add real shareholder value over the coming year."

 

"Should we be fortunate to drill up a significant gold resource at Crofton
next year, we will have a gold asset with two treatment plants within easy
trucking distance. We are very 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: Crofton geology, sample locations and results

 

Commercial terms of the Crofton option exercise:

 

The consideration for the option of GBP10,000 has already been paid, with
exercise consideration to be satisfied by the issued of 56,000,000 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.

 

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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