REG - Cloudbreak Discovery - Silver and Gold Grades for Crofton Gold Project

Cloudbreak DiscoveryAnnouncement

26/01/2026 07:00

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RNS Number : 2866Q  Cloudbreak Discovery PLC  26 January 2026

26 January 2026

Cloudbreak Discovery Plc

('Cloudbreak', or 'the Company')

Silver and Gold Grades for Crofton Gold Project

New grades report up to of 142 g/t gold and 175 g/t silver

 

Cloudbreak Discovery Plc (LSE: CDL), a London Stock Exchange Main Market
listed company, is very pleased to announce that further gold assay results up
to 142 g/t Au (or 4.5 ounces per tonne gold) and along with silver results up
to 175g/t Ag (or 5.6 ounce per tonne silver) have now been recieved from
multi-element assay and fire assay, from the site visit to the Crofton Gold
Project ("Crofton"). Crofton is located 120 kilometres east-southeast of the
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).

 

Highlights

 

o  14 samples over 1g/t Au with Ag using Mulltielement and Fire assay
include:

o  10.8 g/t Au, and 12.1 g/t Ag                 (CR0018)

o  15.3 g/t Au, and 9.82 g/t Ag                 (CR0022)

o  8.01 g/t Au, and 10.4 g/t Ag                 (CR0023)

o  9.27 g/t Au, and 21.2 g/t Ag                 (CR0024)

o  22.5 g/t Au, and 27.9 g/t Ag                 (CR0025)

o  6.03 g/t Au, and 3.04 g/t Ag                 (CR0033)

o  1.8 g/t Au, and 8.59 g/t Ag                  (CR0035)

o  9.82 g/t Au, and 18.75 g/t Ag               (CR0038)

o  2.01 g/t Au, and 5.4 g/t Ag                  (CR0039)

o  4.82 g/t Au, and 6.27 g/t Ag                 (CR0040)

o  4.81 g/t Au, and 9.31 g/t Ag                 (CR0041)

o  39.5 g/t Au, and 44.4 g/t Ag                 (CR0043)

o  142 g/t Au, and 175 g/t Ag                  (CR0044)

o  1.85 g/t Au, and 1.51 g/t Ag                 (CR0046)

 

o  15 samples over 1g/t Au using Photon Assay support previous work and
include:

o  10.89 g/t Au                (CR0018)

o  1.13 g/t Au                  (CR0021)

o  6.42 g/t Au                  (CR0022)

o  8.87 g/t Au                  (CR0023)

o  9.48 g/t Au                  (CR0024)

o  29.34 g/t Au                (CR0025)

o  10.23 g/t Au                (CR0033)

o  1.89 g/t Au                  (CR0035)

o  14.15 g/t Au                (CR0038)

o  2.82 g/t Au                  (CR0039)

o  4.99 g/t Au                  (CR0040)

o  7.19 g/t Au                  (CR0041)

o  40.62 g/t Au                (CR0043)

o  162.35 g/t Au             (CR0044)

o  2.57 g/t Au                  (CR0046)

o  Previous samples from Crofton included:

o  48.63 g/t Au                (RBR015)

o  62.48 g/t Au                (RBR017)

o  20.61 g/t Au                (RBR020)

o  12.24 g/t Au                (RBR021)

o  253.59 g/t Au             (RBR022)

o  195.53 g/t Au              (RBR028)

o  10.22 g/t Au                (RBR030)

o  2.78 g/t Au                  (RBR032)

Tom Evans, Cloudbreak's MD, commented; "These surface results are outstanding
and to see the high tenor of gold grades and now these very exciting silver
grades, we are very optimistic of the potential for discovery here at Crofton.
Silver and gold prices are now at historic highs, which makes Crofton an very
exciting project for the Company."

 

These assay results confirm the high tenor of the gold mineralisation at
Crofton and is now establishing a mathematical relationship between Photon and
Fire assay for gold - both of which can be used for JORC reporting purposes -
and the multi-element results now confirms the presence of very significant
silver grades. From the results received to date, we can now see that silver
values are high where we have high gold values, but we can also see silver
values where there is no gold. Further exploration on site this quarter will
refine the relationship between gold and silver.

 

Sampling Results

 

Crofton hosts an approximately 20km(2) area of laterally extensive quartz
veining hosted within the Yilgalong granite. Quartz veins are commonly 10's of
metres wide and can be seen to extend along strike for 100's to 1,000's of
metres. A total of 54 samples were taken around locations of previously
reported gold results and along strike.

 

Initial work was focused on sampling areas of historically reported gold
mineralisation where grades of up to 253 g/t Au have been historically
reported. Gold grades > 1 g/t and up to 162.35 g/t have now been confirmed
over a 1km x 4km area. The multi-element results and Fire assay being reported
in this release confirm the tenor of gold mineralisation and aslo show the
high levels of silver up to 175 g/t Ag. This, paired with historical >25
ppb Au soil anomalism, indicates that the Crofton project warrants immediate
follow-up in the form of systematic surface geochemical sampling programs and
has the potential to host economic quantities of vein-hosted gold and silver
mineralisation.

 

About the Crofton Gold Project

 

Crofton hosts a large area of hydrothermal alteration within the Yilgalong
Granitoid associated with a suite of prominent quartz veins. Historical
exploration has been limited to surface sampling programs of stream sediment,
soil and rock chip sampling.

 

The Company will hold a 100% interest in the Crofton property, which consists
of one exploration licence application E45/6690 covering 57km². The Crofton
licence covers much of the Boodalyerrie Mining Centre, which has recorded
production from 1901 to 1910 of 588.4 ounces gold from 122 tonnes of ore at a
reconciled average grade of 150g/t gold.

 

 

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 additional 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
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.

 

Table 1: Gold Assay results utilising Photon Assay, an industry wide and
standard assay technique for gold only

 Sample #  Au ppm
 CR0001    <0.03
 CR0002    <0.03
 CR0003    <0.03
 CR0004    <0.03
 CR0005    <0.03
 CR0006    <0.03
 CR0007    <0.03
 CR0008    <0.03
 CR0009    0.06
 CR0010    <0.03
 CR0011    <0.03
 CR0012    <0.03
 CR0013    0.07
 CR0014    <0.03
 CR0015    0.61
 CR0016    0.09
 CR0017    0.33
 CR0018    10.89
 CR0019    0.09
 CR0020    <0.03
 CR0021    1.13
 CR0022    6.42
 CR0023    8.87
 CR0024    9.48
 CR0025    29.34
 CR0026    <0.03
 CR0027    0.09
 CR0028    0.12
 CR0029    0.15
 CR0030    0.22
 CR0031    0.06
 CR0032    <0.03
 CR0033    10.23
 CR0034    <0.03
 CR0035    1.89
 CR0036    <0.03
 CR0037    <0.03
 CR0038    14.15
 CR0039    2.82
 CR0040    4.99
 CR0041    7.19
 CR0042    0.04
 CR0043    40.62
 CR0044    162.35
 CR0045    0.08
 CR0046    2.57
 CR0047    0.45
 CR0048    0.17
 CR0049    <0.03
 CR0050    0.07
 CR0051    0.05
 CR0052    <0.03
 CR0053    0.04
 CR0054    0.2

Table 2: Multi element ICP assay including 4 acid digest and Fire assay gold,
reporting gold and silver.

 Sample #  Au ppm    Ag ppm
 CR0001    0.01      0.87
 CR0002    <0.01     0.11
 CR0003    <0.01     2.2
 CR0004    <0.01     0.48
 CR0005    <0.01     0.29
 CR0006    <0.01     0.26
 CR0007    <0.01     0.4
 CR0008    <0.01     0.02
 CR0009    0.05      17.2
 CR0010    <0.01     0.18
 CR0011    0.02      7.58
 CR0012    0.03      28.3
 CR0013    0.06      46.9
 CR0014    <0.01     0.63
 CR0015    0.53      1.05
 CR0016    0.09      2.12
 CR0017    0.35      2.15
 CR0018    10.8      12.1
 CR0019    0.08      0.3
 CR0020    <0.01     0.21
 CR0021    0.99      0.76
 CR0022    15.3      9.82
 CR0023    8.01      10.4
 CR0024    9.27      21.2
 CR0025    22.5      27.9
 CR0026    0.03      0.11
 CR0027    0.05      2.83
 CR0028    0.11      4.45
 CR0029    0.15      1.98
 CR0030    0.21      0.85
 CR0031    0.06      0.28
 CR0032    0.04      1.46
 CR0033    6.03      3.04
 CR0034    0.02      1.83
 CR0035    1.8       8.59
 CR0036    0.01      0.05
 CR0037    <0.01     0.18
 CR0038    9.82      18.75
 CR0039    2.01      5.4
 CR0040    4.82      6.27
 CR0041    4.81      9.31
 CR0042    0.04      0.1
 CR0043    39.5      44.4
 CR0044    142       175
 CR0045    0.14      0.25
 CR0046    1.85      1.51
 CR0047    0.34      0.97
 CR0048    0.22      0.21
 CR0049    0.02      0.41
 CR0050    0.06      0.08
 CR0051    0.05      0.08
 CR0052    0.13      0.59
 CR0053    0.67      1.72
 CR0054    0.18      1.42

 

Figure 1: Location of the Crofton Gold project to towns in the district, gold
processing plants and gold mines.

 

 

 

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