Cloudbreak Discovery (LSE:CDL) has outlined a series of promising gold targets at its 60.6 km² Darlot West Gold Project in Western Australia, following the completion of a high-resolution magnetic survey. The geophysical results are reinforced by extensive soil and rock chip sampling, with numerous assays returning grades above 10 g/t gold, pointing to strong near-surface mineralisation potential.
Structural analysis from the survey indicates geological features comparable to those hosting the nearby 2.8 Moz Darlot Gold Mine. These similarities enhance confidence in the project’s prospectivity and help refine priority targets ahead of a planned maiden drilling programme. Cloudbreak is continuing to expand its geochemical sampling grid, aiming to further delineate high-grade zones while leveraging elevated gold prices and a supportive Western Australian mining environment to advance its growth strategy.
From a financial perspective, the company’s outlook remains challenged. Cloudbreak reported no revenue, ongoing operating losses, continued cash burn and negative equity in 2025. Market technical indicators also present some pressure, with a negative MACD signal and the shares trading below key short- and medium-term moving averages. Valuation metrics remain limited, reflected in a negative P/E ratio and the absence of a dividend.
More about Cloudbreak Discovery PLC
Cloudbreak Discovery PLC is a London-listed mineral exploration company focused on gold, precious metals and base metals. The company’s core activities are centred on exploration assets in Western Australia, where it applies a multi-asset, generative exploration model aimed at building a portfolio of high-quality mineral projects capable of delivering near-term cash flow and long-term shareholder value.
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