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24 Nov 2025 07:00
24 November 2025
Cloudbreak Discovery Plc
('Cloudbreak', or 'the Company')
Additional Option Exercise at Darlot West
Cloudbreak Discovery Plc (LSE: CDL), a London Stock Exchange Main Market listed company, is pleased to confirm that it will be exercising the option to acquire the additional land package at the Darlot West Gold Project ("Darlot West"). This is in addition to the initial land package option exercised on 22 September 2025 and increases the land held at Darlot West by five times.
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, 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).
Tom Evans, Cloudbreak's MD, commented; "Our due diligence on this asset has proved the very significant gold potential of the area and agreeing to finalising this acquisition is a great result for the Company. We consider this to be a very positive and fortunate milestone for the Company, to have secured this tenure located between two of the most iconic goldmines in the area. Excellent results from our own recent gold sampling gave us significant gold grades with results up to 65.75 grams per tonne (over 2 ounces per tonne), and our sampling results have far exceeded our initial expectations. This confirms our view that this asset will ultimately be a cornerstone asset of the Company and add shareholder value over the coming year."
"Should the future drilling programmes determine a significant gold resource at Darlot West next year, we will have the choice of two possible treatment plants within a 20km radius, for potential toll treatment . We remain bullish on the gold price heading into 2026, and we see a bright future for our shareholders pursuing this Western Australian gold strategy."
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.
Commercial terms of the Darlot expansion option exercise:
The final consideration for this option period is GBP5,000 and 11,000,000 ordinary shares in the Company ("Shares"). The Vendors have agreed that the Shares will only be issued when the Company has the ability to do so under applicable regulations and the Company is currently working with its advisers to prepare an FCA approved prospectus to enable their issue.
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 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: corporate@marex.com |
About Cloudbreak Discovery PLCLSE listed 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.
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