Cloudbreak Discovery PLC (LSE:CDL) has released new surface assay results from its Crofton Gold Project in Western Australia, confirming the presence of very high-grade gold and meaningful silver mineralisation. The results come from a broad area of quartz veining measuring approximately 1 km by 4 km within the Yilgalong granite intrusion.
Operational and financial highlights
Recent multi-element and fire assay testing returned gold grades of up to 142 g/t alongside silver values reaching 175 g/t. In addition, Photon Assay analysis validated earlier sampling, with gold grades exceeding 160 g/t. The combined datasets support historic high-grade results and suggest that silver mineralisation occurs both in association with gold-bearing structures and as a standalone component within the system.
The findings materially strengthen the geological case for Crofton hosting potentially economic, vein-style gold and silver mineralisation. Cloudbreak plans to move quickly into follow-up exploration, including more systematic surface geochemical sampling, to refine targets and advance the project. The company highlighted that the results come at a time of strong underlying gold and silver prices, adding strategic relevance to near-term exploration efforts.
From an investment perspective, the outlook remains constrained by weak financial fundamentals. The company is pre-revenue, with ongoing losses, continued cash burn and negative equity reported in 2025. Technical indicators also present a modest headwind, with a negative MACD signal and the share price trading below key short- to medium-term moving averages. Valuation support is limited by a negative price-to-earnings ratio and the absence of dividend yield.
More about Cloudbreak Discovery
Cloudbreak Discovery PLC is a London-listed mineral exploration company focused on gold, precious metals and base metals, primarily in Western Australia. Through its wholly owned subsidiaries, the group follows a multi-asset, generative exploration model aimed at progressing high-potential commodity projects toward near-term cash flow while seeking to build long-term shareholder value.
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