REG - Cloudbreak Discovery - Gold Targeting at Darlot West Gold Project

Cloudbreak DiscoveryAnnouncement

30/10/2025 07:00

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RNS Number : 3752F  Cloudbreak Discovery PLC  30 October 2025

30 October 2025

Cloudbreak Discovery Plc

("Cloudbreak" or the "Company")

 

Gold Targeting at Darlot West Gold Project

Western Australia

 

Cloudbreak Discovery Plc (LSE: CDL), a London Stock Exchange Main Market
listed company, is pleased to announce highly promising results from the
initial trial geochemical soil sampling program from its Darlot West Gold
Project ("Darlot West"), located only 10km southwest of the iconic Darlot Gold
Mine in Western Australia with 2.8 million ounces of gold produced to date,
and 25km north of Northern Star Limited Thunderbox Gold Mine with annual
production of 232koz, resource of 4.7Moz and reserves of 1.96Moz gold (Figure
3).

Geochemical soil sampling contoured assays (Figure 1) over 3 small areas on
the smaller tenement E37/1396 (2.45km(2) sampled area vs 60.6km(2) overall
tenement area) indicates that the exploration technique can successfully see
mineralisation below soil cover, associated with the high-grade gold grades
seen from recent outcrop rock chip sampling. The sampling was done using the
Ultrafine Fraction of -200microns, which suppresses the ppb assay number
result, but makes the data less noisy. The data is showing trends associated
with lower magnetic intensity that will continue to be the focus of the
Company. High-resolution magnetic data is due in the coming weeks, which will
further refine the resolution of targets for follow-up work.

 

The multiple rock chip results over 1g/t gold results reported on 24 October
2025 (Figure 1 and 2), with the results plotted on regional low-resolution
open file magnetics, indicate significant area-wide gold potential, which is
also supported by the trial geochemical soil data results and contours as
shown on Figure 1. The geochemical contours indicate trends below soil cover
around the recently released outcrop rock chip assays and are showing
potential strike increases to the gold mineralisation. The magnetic highs and
lows as shown indicate the structural complexity and dilation zones over the
project area. There are large areas with clear evidence of highly elevated
gold mineralisation, with geochemical contours supporting this, which bodes
well for future exploration.

High Tenor of Rock chip results being followed up, returning over 10 g/t
include:

o  65.75 g/t Au (2.11 ounces of gold per tonne)

o  40.44 g/t Au (1.30 ounces of gold per tonne)

o  27.23 g/t Au

o  19.79 g/t Au

o  15.89 g/t Au

o  15.40 g/t Au

o  14.39 g/t Au

o  13.99 g/t Au

o  12.66 g/t Au

o  12.45 g/t Au

o  10.78 g/t Au

 

Tom Evans, Cloudbreak's MD, commented: "The excellent geochemical soil gold
results and contours over soil covered areas that surround high tenor outcrop
rock chip samples, have increased the strike of potential mineralisation
within the small trial programme areas within E37/1396. This sampling
technique will now be rolled out over the entire tenement package to identify
new targets in a very cost-effective manner. 60km(2) is a lot of land and
using this type of geochemical sampling and analysis will fast track our
exploration efforts here. We see gold associated with lower magnetic intensity
rocks over a large area and significant gold mineralisation potential over
large parts of the Darlot West project, with geochemical sampling seen as a
viable exploration technique at Darlot West to be expanded over the entire
project. The Darlot West Gold Project covers 60.6km(2) and is a sizeable area,
and with samples now up to 65.75g/t gold, we will continue to follow up on
high priority gold mineralisation over the project with the aim of moving the
project towards drilling as soon as possible. We expect the high-resolution
magnetic survey results shortly, which will add to plans for the next round of
exploration I look forward to updating shareholders as results come to hand."

 

Future plans and work programs:

·    High-resolution airborne magnetics results expected within weeks.

·    Expand the geochemical sampling grid across the project.

·    The above results will assist with plans to refine areas for drilling

Figure 1: Geochemical contours for gold within 3 smaller areas in tenement
E37/1396, over regional low-resolution magnetics, including rock chip results
from release dated 24 October 2025, Darlot West Gold Project.

 

Figure 2: Rock chip results above 1 g/t gold with regional low-resolution
magnetics, Darlot West Gold Project, from release dated 24 October 2025.

Figure 3: 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.

 

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 / Anastassiya Eley               Tel: +44 7399 9400

 (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.

 

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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