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Cloudbreak Discovery Plc announced on 08 December 2025 that it completed a 3-day maiden site visit to its Crofton Gold Project in Western Australia. Company geologists took 54 samples during the visit, which have been submitted to ALS Perth, with results expected in 4-6 weeks. Planning for a systematic exploration program is underway, anticipated to commence after the Australian summer in March/April 2026.
| Date | 8 Dec 2025 |
| Time | 07:00:07 |
| Category | Trading updates |
| ID | 6091K |
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 20km2 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 Tom Evans, Managing Director |
Tel: +44 207 887 6139 Tel: +44 7851 703440 |
|
AlbR Capital Limited (Financial Adviser) |
David Coffman / Dan Harris |
Tel: +44 207 469 0930 |
|
Marex Financial (Broker) |
Angelo Sofocleous / Keith Swann / Matt Bailey |
Tel: +44 (0) 207 655 6000 Email: [email protected] |
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.