REG - Cloudbreak Discovery - Positive Gold Results at Crofton & £1.85m Placing

Cloudbreak DiscoveryAnnouncement

Today 07:00

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RNS Number : 8580P  Cloudbreak Discovery PLC  22 January 2026

22 January 2026

Cloudbreak Discovery Plc

('Cloudbreak', or 'the Company')

Positive Gold Results at Crofton & £1.85m Placing

 

Cloudbreak Discovery Plc (LSE: CDL), a London Stock Exchange Main Market
listed company, is pleased to announce that gold assay results up to 162 grams
per tonne of gold (g/t Au), equivalent to 5.22 oz/t Au have been received from
the maiden 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 2).
Multi-element results are still being processed at the assay laboratory and
are anticipated to be received in the coming weeks.

 

Highlights

 

15 samples over 1g/t Au support previous work and include:

 

 10.89 g/t Au  (CR0018)  14.15 g/t Au   (CR0038)
 1.13 g/t Au   (CR0021)  2.82 g/t Au    (CR0039)
 6.42 g/t Au   (CR0022)  4.99 g/t Au    (CR0040)
 8.87 g/t Au   (CR0023)  7.19 g/t Au    (CR0041)
 9.48 g/t Au   (CR0024)  40.62 g/t Au   (CR0043)
 29.34 g/t Au  (CR0025)  162.35 g/t Au  (CR0044)
 10.23 g/t Au  (CR0033)  2.57 g/t Au    (CR0046)
 1.89 g/t Au   (CR0035)

 

 

 

 

Previous samples from Crofton included:

 

 48.63 g/t Au  (RBR015)  253.59 g/t Au  (RBR022)
 62.48 g/t Au  (RBR017)  195.53 g/t Au  (RBR028)
 20.61 g/t Au  (RBR020)  10.22 g/t Au   (RBR030)
 12.24 g/t Au  (RBR021)  2.78 g/t Au    (RBR032)

 

 

 

 

The purpose of the recent 3-day helicopter-supported Crofton site visit was to
review areas where previous gold results up to 253 g/t gold and 215 g/t silver
had been recovered (As announced on 9 October 2025). This site trip by
Cloudbreak's geologists has supported previous work, expanded gold
mineralisation and confirmed previous outstanding assay results.

 

Tom Evans, Cloudbreak's Managing Director, commented: "It is fantastic to see
these outstanding results from the maiden site trip to Crofton in Western
Australia, with gold assays up to 162.35 g/t. Extra grades for the silver and
multi-element assays are still in process and we anticipate that these can be
reported in the coming weeks. Company geologists observed the presence of
substantial quartz veins outcropping at surface over hundreds of metres of
strike and tens of metres wide in the areas chipped sampled, adds to the
prospectivity of this very exciting project. Crofton is an incredibly exciting
gold project in Western Australia for us and will be a real focus for us in
2026 as we grow our portfolio of gold assets in the area in a period of record
gold prices and resurgent silver prices. Following on from our RNS dated 21
January, where we paid final consideration for ownership of our Darlot West
gold assets and Crofton, I'm also very pleased to announce that existing
institutional shareholders have today participated in an important £1.85m
placing designed to strengthen our balance sheet for an active gold
exploration push this year. This cash amount is equivalent to Australian
$3.7m, which gives the Company of lot of exploration dollars on the ground in
Australia and sees us well funded for the future.

 

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 (Figure 1). 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
(Figure 1), and has the potential to host economic quantities of vein-hosted
Au mineralisation.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Figure 1: Rock chip sampling results and proposed soil sampling areas.

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.

 

Future Plans and Assay Results Update:

 

Samples were submitted to ALS Perth, with further multi-element results
including silver expected in the coming 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 completed alongside separate geological mapping and rock chip sampling work
programs. The results of these systematic programs will be used to generate
target areas which will be ranked and prioritised for drill-testing.

 

 

Details of the £1,850,000 placing:

 

The Company has raised gross proceeds of £1,850,000 ("Placing Funds") via a
placing of 330,357,145 new ordinary shares ("Placing Shares") at a placing
price of 0.56 pence per share ("Placing Price"), from existing institutional
investors.  The Company will also be issuing 330,357,145 warrants on the
publication of an FCA approved prospectus, exercisable at a 50% premium to the
Placing Price of 0.56 and have a three-year term.  The funds raised will be
used for to accelerate the enhancement of the Company's asset portfolio and
for general working capital.

 

Application is being made for the Placing Shares to be admitted to trading on
the Main Market of the London Stock Exchange, which is expected to be on or
around 29 January 2026. These shares will rank pari passu with the existing
ordinary shares of the Company.

 

Total Voting Rights Statement:

 

Following the issue of the Placing Shares, the Company's issued Ordinary Share
capital shall consist of 1,851,047,904 Ordinary Shares. The figure of
1,851,047,904 will represent the total voting rights in the Company and should
be used by shareholders as the denominator for the calculation by which they
can determine if they are required to notify their interest in, or a change to
their interest in, the Company under the Financial Conduct Authority's
Disclosure Guidance & Transparency Rules.

 

 

-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

 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

 

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

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