Cloudbreak Discovery (LSE:CDL) has agreed to acquire a 90% interest in the Paterson Gold–Copper–Molybdenum Project in Western Australia. The 888 sq km landholding sits around 40 km from the Telfer gold-copper mine and surrounds Cameco’s Kintyre uranium deposit, placing it within a highly prospective and infrastructure-supported mineral province that already hosts several tier-one gold, copper and uranium operations.
The project comprises three granted exploration licences and includes the historic Wanderer prospect, where drilling carried out in the late 1980s intersected shallow, high-grade copper, gold and molybdenum mineralisation. Despite the encouraging results, the area has seen no meaningful follow-up exploration for more than 30 years.
Cloudbreak plans to apply modern exploration techniques, including Mobile MT geophysics and reverse circulation drilling, to refine targets associated with magnetic lows and gravity highs. Management believes this approach could help identify porphyry-style mineral systems and significantly strengthen the company’s exploration pipeline within a highly competitive district.
From a market standpoint, the company’s outlook remains constrained by its early-stage financial profile, with no revenue, continued losses, ongoing cash burn and negative equity reported in 2025. Technical indicators provide an additional headwind, with the shares trading below key short- and medium-term moving averages and a negative MACD signal. Valuation remains difficult to support on traditional metrics given negative earnings and the absence of dividend yield.
More about Cloudbreak Discovery PLC
Cloudbreak Discovery Plc is a London-listed exploration and development company focused on assembling and advancing early-stage resource projects. Its portfolio targets gold, copper, molybdenum and uranium, with a strategic emphasis on highly prospective mining jurisdictions such as Western Australia’s Paterson Province.
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