Exercise of Option to Acquire Crofton Gold Project

Cloudbreak Discovery PLC

09 December 2025

 

09 December 2025

Cloudbreak Discovery Plc

('Cloudbreak', or 'the Company')

Exercise of Option to Acquire Crofton Gold Project

Cloudbreak Discovery Plc (LSE: CDL), a London Stock Exchange Main Market listed company, is pleased to announce that it has decided to exercise the option to acquire exploration licence application E45/6690 covering 57km² (Figure1 ) known as 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 1).

Tom Evans, Cloudbreak's MD, commented; "the recent trip by our geologists to the Crofton licence has clearly indicated the very significant gold potential of the area and agreeing to finalise this acquisition is a great result for the Company.  We consider ourselves to be extremely lucky to have secured this tenure with considerable quartz veining being observed on the licence which confirms our view that this asset will ultimately be a significant asset of the Company and add real shareholder value over the coming year."

"Should we be fortunate to drill up a significant gold resource at Crofton next year, we will have a gold asset with two treatment plants within easy trucking distance. We are very 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: Crofton geology, sample locations and results

Commercial terms of the Crofton option exercise:

The consideration for the option of GBP10,000 has already been paid, with exercise consideration to be satisfied by the issued of 56,000,000 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.

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: [phone] Tel: [phone]
AlbR Capital Limited (Financial Adviser)	David Coffman/ Dan Harris	Tel: [phone]
Marex Financial (Broker)	Angelo Sofocleous / Keith Swann / Matt Bailey	Tel: [phone] Email: [e-mail]

About Cloudbreak Discovery PLC

LSE 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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