26th Aug 2025 07:00
26 August 2025
Cloudbreak Discovery Plc
('Cloudbreak', or 'the Company')
Big Expansion in Gold Assets in Western Australia
Darlot West Gold Project Expands by 5X the Acreage to 60.6km2
Cloudbreak Discovery Plc (LSE: CDL), a London Stock Exchange Main Market listed company, is pleased to announce the expansion of the Darlot West Gold Project ("Darlot West") by five times the initial land package, increasing Cloudbreak's exposure to a total of 60.6km2. Darlot West is located only 10km southwest of the iconic Darlot Gold Mine in Western Australia with production of 2.8 million ounces of gold produced to date.
The increased ground position includes ~7km of additional strike of greenstone belt, the host to where Cloudbreak recently discovered up to 28.62g/t Au from surface rock chip sampling.
Figure 1: Darlot West Gold Project - Expanded Tenure and Geology
Tom Evans, Cloudbreak's MD, commented; "The Darlot West Gold Project has already returned some excellent gold grades as surface with grades approaching an ounce of gold per tonne. There are also extensive historic gold mining shafts that have never been followed up exploration wise. To secure this extra acreage under an exclusive option is a very exciting transaction for the Company. We will now have exposure to a significant package of land and underpins our strategy of increasing our exposure to the highly prospective greenstone belt within 10km of Darlot Gold Mine. The greenstone units which trend extend into our additional ground package at Darlot West are the host to numerous gold deposits in the district. Through increasing our scale to five times the additional land position, and to take in a further 7km of strike we are significantly increasing our chance of discovery."
Figure 2: Location of Darlot West Gold Project, Western Australia - 10km from 2.8Moz Darlot Gold Mine
Commercial terms of the Darlot expansion transaction:
The vendors have provided an exclusive option over 90% of the additional tenement for a period of 90 days, The consideration for for this option period is GBP5,000 with a final consideration of 11,000,000 ordinary shares in the Company ("Shares") if the option is exercised. The Vendors have agreed that the Shares will only be issued when the Company has the ability to do so under applicable regulations.
For additional information please contact:
Cloudbreak Discovery PLC | Peter Huljich, Chairman Tom Evans, Managing Director | Tel: +44 207 887 6139 Tel: +44 7851 703440 |
Novum Securities (Financial Adviser) | David Coffman / Anastassiya Eley | Tel: +44 7399 9400 |
About Cloudbreak Discovery PLC
Cloudbreak Discovery PLC is a leading natural resource explorer and project generator. Cloudbreak is focused on mineral exploration and energy opportunities with the aim of bringing near-term cashflow and driving shareholder value.
Through its wholly owned but independently operated 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.
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