REG - Cloudbreak Discovery - Acquisition of Crofton Gold Project

Cloudbreak DiscoveryAnnouncement

Thu 07:00

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RNS Number : 6244C  Cloudbreak Discovery PLC  09 October 2025

9 October 2025

Cloudbreak Discovery Plc

('Cloudbreak', or 'the Company')

 

Acquisition of Crofton Gold Project

Western Australia

Gold grades up to 253 g/t + Silver grades up to 215 g/t

 

Cloudbreak Discovery Plc (LSE: CDL), a London Stock Exchange Main Market
listed company, is pleased to announce that it has secured the exclusive
option to acquire 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 2).  The consideration is GBP10,000 for a two (2)
month option period with 56,000,000 new ordinary shares to be issued no later
than 31 January 2026 in the event that the option is exercised.

Previous soil and rock chip sampling campaigns in 2021 (Figure 1) at Crofton
have defined new prospects and returned bonanza-grade gold results, up to
253g/t gold and 215g/t silver (Table 1), with visible gold being common in
dumps adjacent to historic test pits.

 

Historic gold production from the area from 1901-1910 averaged 150 g/t gold.

 

Soil sampling results range up to 3g/t gold (Figure 1) with multiple trends
identified over strike lengths exceeding one kilometre.

 

Rock chip sampling:

·      Observed visible gold in historic test pits

·      Waste dump and rock samples returned results including:

o  253g/t, 195g/t, 62g/t and 48g/t gold.

o  215g/t, 150g/t, 48g/t and 17g/t silver.

 

Soil sampling:

·      Anomalies delineated over multiple gold trends over substantial
strike lengths exceeding one kilometre.

·      Peak gold result of 3g/t (3,000ppb) gold with numerous samples
returning values in excess of 10ppb gold

 

Tom Evans, Cloudbreak's MD, commented: "This is an incredibly exciting gold
project in Western Australia and it adds significantly to our growing
portfolio of gold assets in a period of record gold prices and resurgent
silver prices. The Crofton project has recorded some extraordinary gold grades
from recent sampling undertaken in 2021 and historic mining. The delineation
of multiple trends with strike lengths of over a kilometre on the tenement
give the Company a vast number of high priority exploration targets. We are
making plans to have geologists on-site as soon as practicable and I look
forward to updating shareholders in short order.

 

Further, I am also looking forward to reporting on the assay results from our
Darlot West project in the coming weeks.

 

Lastly, I am delighted to report that with this latest transaction and those
previously announced since June of this year, we are going to have an
extremely busy end to 2025.  The refined strategy announced by our Chairman
in May of this year, has allowed us to scale appropriately, on material value
add to the company's assets, and move swiftly for astute commercial
opportunities in a risk abated manner.  Importantly the Company remains fully
funded for  planned works across all portfolio assets."

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.

Figure 1: Crofton geology, sample locations and results

 

 

The Company will hold a 100% interest in the Crofton property, which consists
of one exploration licence application E45/6690 covering 57km² (Figure 2).
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:

The Company plans to undertake a site visit, conduct detailed geological
mapping over the geochemical anomalies identified from previous work, and move
towards defining drill targets.

 

Figure 2: Location of the Crofton Gold project to towns in the district, gold
processing plants and gold mines.

 

 

Table 1: Rock Chip sample results by Raiden Resources Limited RDN:ASX, 2
August 2021, reported in g/t (ppm).

 

 Sample  East    North    Au      Au Rp1  Ag     As   Cu   Pb   Zn
 RBR001  272804  7612956                              152  1    74
 RBR002  272631  7613964  0.01            2.4    12   11   63   36
 RBR003  273096  7614200  0.02                             26   59
 RBR004  273077  7614201  0.09                             23   36
 RBR005  272647  7614202                                   28   30
 RBR006  272598  7614156  0.01            0.7              2
 RBR007  272946  7614406  0.01                   46   141  29   88
 RBR008  272945  7614308  0.23            21.5   11   119  256  64
 RBR009  272995  7614605  0.01                        14   12   10
 RBR010  272600  7614603                                   17   27
 RBR011  272446  7614599  0.06            24               18
 RBR012  272733  7614807  0.04            3.6    364  47   537  208
 RBR013  272900  7614805  0.01            1.1    20        23   25
 RBR014  273007  7615201  0.01            1.5         103  16   13
 RBR015  272606  7616488  48.63           17.3   18   12   62
 RBR016  272606  7616488  0.37                   14        10   27
 RBR017  272507  7616717  62.48           48.1   62   15   128
 RBR018  272547  7616993  0.24                   53   19   38   1
 RBR019  272058  7616158  0.15            0.9    13   2    84   24
 RBR020  271979  7616182  20.61           10.4   53   123  155  37
 RBR021  271983  7616197  12.24           6.1    138  17   2    29
 RBR022  272345  7616301  253.59  263.67  215.3  121  52   540  42
 RBR023  272583  7616305  4.81            4.8    44   50   2    12
 RBR024  273516  7617341  0.43
 RBR025  273563  7617299  0.29                   19        72   83
 RBR026  273553  7617290  0.03            22               84   55
 RBR027  274581  7617600  0.02            0.6    138  17   44
 RBR028  271005  7616589  195.53          150.5  641  226  906  70
 RBR029  271001  7616591  0.98            0.9              13   18
 RBR030  270943  7616646  10.22           15.3   77   68   64   15
 RBR031  270811  7613379  0.19            1.1
 RBR032  271147  7613327  2.78            5.6    70   1    33   131
 RBR033  271755  7613184  0.68            12.9   23   14   31   10

 

 

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 / Anastassiya Eley  Tel: +44 7399 9400

 (Financial Adviser)

 

 

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.

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