REG - Cloudbreak Discovery - Multiple Gold Targets identified at Darlot West

Cloudbreak DiscoveryAnnouncement

28/01/2026 07:00

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RNS Number : 5850Q  Cloudbreak Discovery PLC  28 January 2026

28 January 2026

Cloudbreak Discovery Plc

('Cloudbreak', or 'the Company')

 

Multiple Gold Targets identified at Darlot West

 

Cloudbreak Discovery Plc (LSE: CDL), a London Stock Exchange Main Market
listed company, is pleased to announce that multiple gold targets have been
identified from a geological and structural interpretation based on the
recently completed high resolution magnetic survey. The interpretation is
supported by recent excellent results from the initial trial geochemical soil
sampling program and rock chip sampling programs from the Darlot West Gold
Project ("Darlot West"), 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, and 25km north of Northern Star Limited Thunderbox Gold Mine
with annual production of 232koz and resource of 4.7Moz and Reserve of 1.96Moz
gold. (Figure 1).

 

The interpretation further validates the Company's view on the potential of
the Darlot West Gold Project, and the multiple gold targets identified
indicate a similar structural setting to the Darlot Gold Mine. The
Darlot/Centenary Sill, the key gold mineralisation event at Darlot, is
interpreted to be present at Darlot West. Geological efforts will focus on the
interpretation with expansion of the geochemical sampling program over the
project area, with the aim of generating multiple vectors for the maiden drill
program.

Multiple high tenor rock chip results over 1g/t gold (reported on 24 October
2025) and  recovery of gold nuggets from the project (reported on 24 October
2025), bodes well for future exploration.

 

High Tenor of Rock chip results 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; "Multiple new gold targets is a great
outcome from the high-resolution magnetic interpretation, with the
Darlot/Centenary Sill interpreted to also control gold mineralisation at
Darlot West, as it does at the Darlot Gold Mine located 10km away. This now
gives us a clear path forward to develop this high tenor gold project. A
geochemical sampling program will further refine the new and existing targets
and add a multiple vector to rank targets and anomalies for maiden drill
testing. The gold price continues to hit historical highs and the booming
Western Australian gold sector is a great place for Cloudbreak to continue
building a portfolio of quality assets. I look forward to updating
shareholders as we move towards maiden drilling."

 

Future plans and work programs:

·    Expand the geochemical sampling grid across the project.

·    Plan for maiden drill program

 

Figure 1: 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.

 

 

Figure 2: Geological and structural interpretation based of high-resolution
magnetics, with multiple targets identified.

 

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.

 

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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