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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:

 

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

Tom Evans, Managing Director

Tel: +44 207 887 6139

Tel: +44 7851 703440

AlbR Capital Limited

(Financial Adviser)

David Coffman / Anastassiya Eley

Tel: +44 7399 9400

 

 




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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