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Cloudbreak Discovery Plc announced on 28 January 2026 the identification of multiple gold targets at its 60.6km2 Darlot West Gold Project in Western Australia. This identification was based on a geological interpretation from a recently completed high-resolution magnetic survey, supported by initial geochemical soil and rock chip sampling programs. Rock chip results over 10 g/t gold, previously reported on 24 October 2025, included assays of 65.75 g/t Au and 40.44 g/t Au.
| Date | 28 Jan 2026 |
| Time | 07:00:03 |
| Category | Corporate updates |
| ID | 5850Q |
28 January 2026
Cloudbreak Discovery Plc
('Cloudbreak', or 'the Company')
Multiple Gold Targets identified at Darlot West
Cloudbreak Discovery Plc (LSE: CDL), a London Stock Exchange Main Market listed company, is pleased to announce that multiple gold targets have been identified from a geological and structural interpretation based on the recently completed high resolution magnetic survey. The interpretation is supported by recent excellent results from the initial trial geochemical soil sampling program and rock chip sampling programs from the Darlot West Gold Project ("Darlot West"), 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, and 25km north of Northern Star Limited Thunderbox Gold Mine with annual production of 232koz and resource of 4.7Moz and Reserve of 1.96Moz gold. (Figure 1).
The interpretation further validates the Company's view on the potential of the Darlot West Gold Project, and the multiple gold targets identified indicate a similar structural setting to the Darlot Gold Mine. The Darlot/Centenary Sill, the key gold mineralisation event at Darlot, is interpreted to be present at Darlot West. Geological efforts will focus on the interpretation with expansion of the geochemical sampling program over the project area, with the aim of generating multiple vectors for the maiden drill program.
Multiple high tenor rock chip results over 1g/t gold (reported on 24 October 2025) and recovery of gold nuggets from the project (reported on 24 October 2025), bodes well for future exploration.
High Tenor of Rock chip results over 10 g/t include:
o 65.75 g/t Au (2.11 ounces of gold per tonne)
o 40.44 g/t Au (1.30 ounces of gold per tonne)
o 27.23 g/t Au
o 19.79 g/t Au
o 15.89 g/t Au
o 15.40 g/t Au
o 14.39 g/t Au
o 13.99 g/t Au
o 12.66 g/t Au
o 12.45 g/t Au
o 10.78 g/t Au
Tom Evans, Cloudbreak's MD, commented; "Multiple new gold targets is a great outcome from the high-resolution magnetic interpretation, with the Darlot/Centenary Sill interpreted to also control gold mineralisation at Darlot West, as it does at the Darlot Gold Mine located 10km away. This now gives us a clear path forward to develop this high tenor gold project. A geochemical sampling program will further refine the new and existing targets and add a multiple vector to rank targets and anomalies for maiden drill testing. The gold price continues to hit historical highs and the booming Western Australian gold sector is a great place for Cloudbreak to continue building a portfolio of quality assets. I look forward to updating shareholders as we move towards maiden drilling."
Future plans and work programs:
· Expand the geochemical sampling grid across the project.
· Plan for maiden drill program
Figure 1: Location of 60.6km2 Darlot West Gold Project, Western Australia - 10km from 2.8Moz Darlot Gold Mine, and 25km from Thunderbox Gold Mine operated by Northern Star Limited.
Figure 2: Geological and structural interpretation based of high-resolution magnetics, with multiple targets identified.
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).
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For Further 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.