REG - Cloudbreak Discovery - Site Visit Completed to Crofton Gold Project, W.A.

Cloudbreak DiscoveryAnnouncement

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RNS Number : 6091K  Cloudbreak Discovery PLC  08 December 2025

08 December 2025

Cloudbreak Discovery Plc

('Cloudbreak', or 'the Company')

 

Site Visit Completed to Crofton Gold Project, W.A.

 

Cloudbreak Discovery Plc (LSE: CDL), a London Stock Exchange Main Market
listed company, is pleased to announce that the maiden site visit has been
completed to the Crofton Gold Project ("Crofton") which 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 3).

The purpose of the 3-day helicopter-supported Crofton site visit was to review
areas where previous gold results up to 253g/t gold and 215g/t silver with
visible gold had been recovered (as announced on 9 October 2025), and to
assess vehicle access and logistics for future exploration programs.

 

Tom Evans, Cloudbreak's MD, commented; "I am delighted to report a successful
maiden site trip to Crofton, where company geologists took 54 samples from
previous and new target areas. Observations of substantial quartz veins over
hundreds of metres and tens of metres wide adds to the prospectivity of the
project where bonanza grade gold samples up to 253 g/t were taken and historic
gold production averaged 150g/t. A systematic exploration program consisting
of in-fill and extension soil sampling, rock chip sampling and geological
mapping is being designed and expected to commence in early 2026, after the
wet season. This incredibly exciting gold project in Western Australia adds
significantly to our growing portfolio of gold assets in a period of record
gold prices and resurgent silver prices."

 

 

Findings from Maiden Site Visit

 

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

 

On the ground, quartz veins were observed to host zones of boxwork iron
oxides, primary sulphides including pyrite and galena, and copper-oxide
stainings (Figure 2), which are all indicators for the presence of
hydrothermal fluids, that may contain gold and silver mineralisation.
Previously reported rock chip results from some of these zones included.

·      48.63 g/t Au (RBR015)

·      62.48 g/t Au (RBR017)

·      20.61 g/t Au (RBR020)

·      12.24 g/t Au (RBR021)

·      253.59 g/t Au (RBR022)

·      195.53 g/t Au (RBR028)

·      10.22 g/t Au (RBR030)

·      2.78 g/t Au (RBR032)

Numerous additional zones of outcrop that looks similar to the above
previously sampled locations, were observed during the maiden site visit.

 

Given the extent of quartz veining and the relative lack of systematic work
completed to date at Crofton, a systematic exploration program consisting of
in-fill and extension soil sampling, rock chip sampling and geological mapping
is highly warranted. Planning for these programs is underway and expected to
commence in early 2026, after the wet season. This work will assist with
defining zones within the extensive quartz vein network, for the company's
maiden drilling program.

 

 

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 (Figure 3).
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.

 

Future Plans and Assay Results Update:

 

Samples have been submitted to ALS Perth, with results expected in 4-6 weeks.
Planning for regional soil sampling - including orientation surveys - is
underway and works are planned to start after the Australian summer concludes
in March/April 2026. This will be followed up with geological mapping and rock
chip sampling of target areas which will then be reviewed and prioritised for
drill-testing.

 

 

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.

Figure 1: Investigation of gold-bearing quartz veins at Crofton.

 

Figure 2: Strongly fractured and re-silicified, composite quartz veining at
site of previously reported rock chips containing high-grade gold.

 

Figure 3: Location of the Crofton Gold project to towns in the district, gold
processing plants and gold mines.

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