New Risk • Apr 01
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: UK£7.40m (US$9.85m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Negative equity (-UK£414k). Shareholders have been substantially diluted in the past year (63% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£7.40m market cap, or US$9.85m). Announcement • Mar 21
Cloudbreak Discovery plc Provides Update on Gold Exploration Programs At Darlot West and Crofton Projects Cloudbreak Discovery Plc provided an update on its planned gold exploration programs across the Company's Crofton and Darlot West projects in Western Australia. Planning is underway for an initial 3,000 - 5,000m drilling program, designed to test key structural targets identified in the recent geophysical interpretation and surface exploration programs. A Program of Work (POW) application has been submitted to the WA Department of Mines, Petroleum and Exploration (DMPE), with the POW expected to be granted in the coming weeks. The Company believes there is very significant potential for this project to host significant gold mineralization similar to that found at the Darlot Gold Mine (Vault Minerals ASX:VAU), located only 10km to the northeast and Northern Star's (ASX:NST) Thunderbox Gold Mine 20km to the southeast. At the Darlot Gold Mine, the bulk of mineralization is hosted within faulting of the south-eastern limb of the folded Mt Pickering Dolerite. Distinct similarities have been interpreted between the geological setting of Cloudbreak's Darlot West Project and the area hosting the Darlot Gold Mine, specifically the presence of folded, magnetic mafic stratigraphy (analogous to the Mt Pickering Dolerite), displaying significant fault off-sets along east-north-east and north-west structures. Areas where fold hinges are intersected by these faults, and/or coincide with favorable host units such as the magnetic dolerites, are priority exploration targets and will be the primary focus of the upcoming drill program. Evidence of mineralization proximal to these targets are the numerous shallow historical gold workings where sampling carried out by the Company returned assays of up to 65.75 g/t Au (reported on 24th October 2025). Historical drilling in these areas is considered by the Company to have been too shallow and largely ineffective. Two potential porphyry targets have also been identified on the property and require further work. Company geologists will shortly be on the ground conducting field work to assess potential targets associated with historical gold workings and specifically to determine sites for RC drilling. Further rock chip sampling and mapping work is also planned over the next month to collect further geochemical and structural data in preparation for the upcoming drill program. In addition to the above geophysical targeting work, the Company has recently completed Ultra-Fine fraction (UFF) soil sampling over areas of known mineralization on the Project, in conjunction with regolith mapping using Sentinel-2 satellite data over the entire project. UFF is a highly sensitive method which is considered favorable for use in areas of transported cover and/or complex regolith environments where conventional soil geochemistry is less effective. A prospect-scale UFF survey has been completed in proximity to and along strike from recent high-grade rock chip results, where eleven samples assayed over 10 g/t Au and up to 65.75 g/t Au, with the aim of delineating areas where mineralized structures extend under cover. Results from this program are expected in 2-3 weeks, with follow-up surveys across the wider project to commence once these results have been received. The Crofton Project covers an area of approximately 20km2 of laterally extensive quartz veining within the Yilgalong granite. Quartz veins are commonly 10's of metres wide and can be seen to extend along strike for 100's to 1,000's of metres. A total of 54 samples were taken by Cloudbreak geologists (released 19 January 2026) around locations of previously reported gold results and along strike. Initial sampling work was focused on areas of historically reported gold mineralization where grades of up to 253 g/t Au have been historically reported. This work confirmed historical grades, with 15 samples >1 g/t and up to 162.25 g/t Au. Planning for more extensive surface geochemical programs is underway and will commence after the wet season finishes in April. This work will consist of geological mapping and rock chip sampling of historical >25 ppb Au soil anomalies, in conjunction with an extensive soil sampling program over an area of approximately 10km2. The aim of this work is to generate further targets on the project and understand the extent of the mineralized system at Crofton, before target ranking and drill program planning later in the year. Heritage surveys are expected to commence soon in preparation for this work. The Company is fully funded for all planned exploration activities. Announcement • Feb 09
Cloudbreak Discovery Plc (LSE:CDL) acquired 90% stake in Paterson Gold-Copper-Molybdenum Project from Mammoth Minerals Limited (ASX:M79) for AUD 3.5 million. Cloudbreak Discovery Plc (LSE:CDL) acquired 90% stake in Paterson Gold-Copper-Molybdenum Project from Mammoth Minerals Limited (ASX:M79) for AUD 3.5 million on February 9, 2026. Under terms of the Agreement, Cloudbreak Discovery Plc would pay 100 million Shares at Completion, 57.5 million Shares if the Tranche 1 Milestone is satisfied on or before December 31, 2029, 57.5 million if the Tranche 2 Milestone is satisfied on or before December 31, 2029, 57.5 million Shares if the Tranche 3 Milestone is satisfied on or before December 31, 2029 and 57.5 million Shares if the Tranche 4 Milestone is satisfied on or before December 31, 2029. Following the acquisition, Mammoth is to retain a 10% free carried interest in the Project.
David Coffman and Dan Harris of Novum Securities Limited acted as financial advisor for Cloudbreak Discovery Plc.
Cloudbreak Discovery Plc (LSE:CDL) completed the acquisition of 90% stake in Paterson Gold-Copper-Molybdenum Project from Mammoth Minerals Limited (ASX:M79) on February 9, 2026. Announcement • Jan 28
Cloudbreak Discovery plc Announces Multiple Gold Targets Identified At Darlot West Cloudbreak Discovery Plc announced that multiple gold targets have been identified from a geological and structural interpretation based on the recently completed high resolution magnetic survey. The interpretation is supported by recent excellent results from the initial trial geochemical soil sampling program and rock chip sampling programs from the Darlot West Gold Project ("Darlot West"), 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. The interpretation further validates the Company's view on the potential of the Darlot West Gold project, and the multiple gold targets identified indicate a similar structural setting to the Darlot Gold Mine. The Darlot/Centenary Sill, the key gold mineralisation event at Darlot, is interpreted to be present at Darlot West. Geological efforts will focus on the interpretation with expansion of the geochemical sampling program over the project area, with the aim of generating multiple vectors for the maiden drill program. Multiple high tenor rock chip results over 1g/t gold (reported on 24 October 2025) and recovery of gold nuggets from the project (reported on 24 October 2025), bodes well for future exploration. High Tenor of Rock chip results over 10 g/t include: 65.75 g/t Au (2.11 ounces of gold per tonne) o 40.44 g/t Au (1.30 ounces of gold per tonne), 27.23 g/t Au o 19.79 g/t Au o 15.89 g/t Au o 15.,15.40 g/t Au o 14.39 g/tAu o 13.99 g/t Au o 12.66 g/t Au o 12.,45 g/t Au o 10.78 g/t Au. Future plans and work programs: Expand the geochemical sampling grid across the project. Plan for maiden drill program: Location of 60.6km 2 Darlot West Gold Project, Western Australia - 10km from 2.8Moz Darlot Gold Mine, and 25km from Thunderbox Gold Mine operated by Northern Star Limited. Geological and structural interpretation based of high-resolution magnetics, with multiple targets identified. Announcement • Jan 27
Cloudbreak Discovery plc Announces Silver and Gold Grades for Crofton Gold Project Cloudbreak Discovery Plc announced that further gold assay results up to 142 g/t Au (or 4.5 ounces per tonne gold) and along with silver results up to 175g/t Ag (or 5.6 ounce per tonne silver) have now been rec achieved from multi-element assay and fire assay, from the site visit to the Crofton Gold Project ("Crofton"). Crofton is located 120 kilometres east-southeast of the 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. Silver and gold prices are now at historic highs, which makes Crofton an very exciting project for the Company. The company assay results confirm the high tenor of the gold mineralisation at Crofton and is now establishing a mathematical relationship between Photon and Fire assay for gold - both of which can be used for JORC reporting purposes - and the multi-element results now confirms the presence of very significant silver grades. From the results received to date, the company can now see that silver values are high where the company have high gold values, but the can also see silver values where there is no gold. Gold grades > 1 g/t and up to 162.35 g/t have now been confirmed over a 1km x 4km area. The multi-element results and Fire assay being reported in this release confirm the tenor of gold mineralisation and aslo show the high levels of silver up to 175 g/t Ag. This, paired with historical >25 ppb Au soil anomalism, indicates that the Crofton project warrants immediate follow-up in the form of systematic surface geochemical sampling programs and has the potential to host economic quantities of vein-hosted gold and silver mineralisation. Cloudbreak's generative model across the mineral sector enables a multi-asset approach to investing in the commodity cycle. The Information in this report that relates to exploration results, mineral resources or ore reserves is based on information compiled by Mr. Edward Mead, who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr. Mead is a consultant to Cloudbreak Discovery Plc and employed by Doraleda Pty Ltd. Mr. Mead has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the 'Australian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves' (the JORC Code). Mr. Mead consents to the inclusion of this information in the form and context in which it appears in this report. New Risk • Jan 26
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 63% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-UK£353k). Shareholders have been substantially diluted in the past year (63% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (UK£12.5m market cap, or US$17.1m). Announcement • Jan 23
Cloudbreak Discovery Plc has completed a Follow-on Equity Offering in the amount of £1.85 million. Cloudbreak Discovery Plc has completed a Follow-on Equity Offering in the amount of £1.85 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 330,357,145
Price\Range: £0.0056
Security Features: Attached Warrants
Transaction Features: Subsequent Direct Listing Announcement • Nov 27
Cloudbreak Discovery plc Announces Site Visit Underway at Crofton Gold Project, W.A Cloudbreak Discovery Plc announced that a helicopter-supported site visit is underway at the Crofton Gold Project ("Crofton"), located 120 kilometres east-southeast of the 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. The maiden site visit by Cloudbreak will review work completed by previous companies at Crofton, where bonanza-grade gold results, up to 253g/t gold and 215g/t silver (As released to the market on 9 October 2025), with visible gold have been recovered. The site visit will also expand rock chip sampling across the project. Historic gold production from the area from 1901-1910 averaged 150 g/t gold. Announcement • Oct 30
Cloudbreak Discovery plc Announces Gold Targeting at Darlot West Gold Project Western Australia Cloudbreak Discovery Plc announced highly promising results from the initial trial geochemical soil sampling program from its Darlot West Gold Project ("Darlot West"), located only 10km southwest of the iconic Darlot Gold Mine in Western Australia with 2.8 million ounces of gold produced to date, and 25km north of Northern Star Limited Thunderbox Gold Mine with annual production of 232koz, resource of 4.7Moz and reserves of 1.96Moz gold. Geochemical soil sampling contoured assays over 3 small areas on the smaller tenement E37/1396 (2.45km2 sampled area vs 60.6km2 overall tenement area) indicates that the exploration technique can successfully see mineralisation below soil cover, associated with the high-grade gold grades seen from recent outcrop rock chip sampling. The sampling was done using the Ultrafine Fraction of -200microns, which suppresses the ppb assay number result, but makes the data less noisy. The data is showing trends associated with lower magnetic intensity rocks over a large area and significant gold mineralisation potential over large parts of the Darlot West project, with geochemical sampling seen as a viable exploration technique at Darlot West to be expanded over the entire project. The Darlot West Gold Project covers 60.6km2 and is a sizeable area, and with samples now up to 65.75g/t gold, the company will continue to follow up on high priority gold mineralisation over the project with the aim of moving the project towards drilling as soon as possible. The company expects the high-resolution magnetic survey results shortly, which will add to plans for the next round of exploration I look forward to updating shareholders as results come to hand. Future plans and work programs: High-resolution airborne magnetics results expected within weeks. Expand the geochemical sampling grid across the project. The above results will assist with plans to refine areas for drilling. Geochemical contours for gold within 3 smaller areas in tenement E37/13 96, over regional low-resolution magnetics, including rock chip results from release dated 24 October 2025, Darlot West Gold Project. Rock chip results above 1 g/t gold with regional low-resolution magnetics. Darlot West Gold Project, Western Australia - 10km from 2.8Moz Darlot Gold Mine, and 25km from Thunderbox Gold Mine operated by Northern Star Limited. New Risk • Oct 28
New major risk - Negative shareholders equity The company has negative equity. Total equity: -UK£353k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (48% average weekly change). Negative equity (-UK£353k). Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (24% increase in shares outstanding). Market cap is less than US$100m (UK£15.4m market cap, or US$20.5m). New Risk • Oct 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (49% average weekly change). Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Shareholders have been diluted in the past year (24% increase in shares outstanding). Market cap is less than US$100m (UK£12.6m market cap, or US$17.0m). Announcement • Oct 02
Cloudbreak Discovery plc Announces an Update on Exploration Activities and Future Plans on the Darlot West Gold Project Cloudbreak Discovery Plc announced an update on exploration activities and future plans on the Darlot West Gold Project ("Darlot West") that covers 60.6km2, 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. The exploration team has just completed a follow-up site visit (as announced on 22 September 2025) to assess the prospectivity of the many metal detector pits sighted across the project during the previous week's exploration phase and to develop plans for future follow up drilling programs. The aim of the trip was to confirm the pits were gold bearing, and the results were highly encouraging with nuggets being recovered with the team's metal detectors. Five nuggets recovered. Nuggets relate to underlaying geology as they are angular in shape. Future Plans and Assay results update: Assay results from 653 soil and rock chip samples previously taken are expected in October. 60.6 sq km High Resolution magnetics to be completed shortly. This magnetic survey will highlight the sub-surface structures and will assist with detailed planning for the drill program planned for October /November. Magnetic survey by well renowned magnetics company MAGSPEC Airborne Surveys to commence in mid to late October. Coarse gold, as nuggets, recovered by CDL exploration geologists at Darlot West Gold Project. Buy Or Sell Opportunity • Oct 01
Now 32% undervalued Over the last 90 days, the stock has risen 443% to UK£0.0095. The fair value is estimated to be UK£0.014, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Announcement • Sep 22
Cloudbreak Discovery plc Announces Darlot West Exploration Update and Option Exercise Cloudbreak Discovery Plc announced the exercise of the option to acquire Phase 1 of Darlot West Gold Project ("Darlot West") that covers 60.6km2. 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. The Company is further pleased to announce that the next phase of exploration has just been completed to further advance the project over the additional ~7km of greenstone belt strike, the host to where Cloudbreak recently discovered up to 28.62g/t Au from surface rock chip sampling, as announced on 21 August 2025. Work completed in this latest phase of exploration included: 76 rock chip samples; 577 soil samples; The submission of 653 soil and rock chip samples to Intertek Laboratories in Perth with an expected turnaround time of approximately one month; Drone mapping of historical workings to assist in defining potential geological and structural targets and their strike extensions; and Mapping of the historical workings and structural measurements of the known gold-bearing quartz veins. The next phase of exploration is being planned and will follow up on significant metal detector pits across the project where coarse gold is believed to have been recovered. High Resolution magnetics are to be completed shortly to potentially identify drill ready targets. From current observations, the structural orientation of gold mineralisation appears to trend east-northeast to northeast, which is consistent with broader scale regional structural mapping in the area. This makes observations comparable to the British King Gold Mine located just east of Darlot West, where east-west gold bearing quartz veins have been reported. The vendors of Darlot West will be issued 50 million ordinary shares of PS0.001 in the Company in accordance with the terms of the acquisition as announced on 23 June 2025. The Company will issue the shares following the publication of an FCA approved prospectus which, as announced on 28 August 2025, it is working with its advisers to prepare. Announcement • Sep 01
Cloudbreak Discovery plc Announces Work Starts on Expanded Darlot West Gold Asset Cloudbreak Discovery Plc announced that exploration over the expanded Darlot West Gold Project ("Darlot West"), covering 60.6km2, is underway. Darlot West is located only 10km southwest of the iconic Darlot Gold Mine in Western Australia with 2.8 million ounces of gold produced to date. The increased tenure, as announced on 26 August 2025, includes 7km of additional strike of greenstone belt, the host to where Cloudbreak recently discovered up to 28.62g/t Au from surface rock chip sampling, as announced on 21 August 2025. To expand on the first pass rock chip sampling program that delivered the 28.62g/t gold result, a 3-man field crew will now expand rock chipping, complete field mapping, and undertake geochemical soil sampling, with the aim of further refining the project towards drill targeting. Announcement • Aug 28
Cloudbreak Discovery Plc has completed a Follow-on Equity Offering in the amount of AUD 0.6 million. Cloudbreak Discovery Plc has completed a Follow-on Equity Offering in the amount of AUD 0.6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 126,315,790
Price\Range: AUD 0.00475
Transaction Features: Subsequent Direct Listing Announcement • Aug 23
Cloudbreak Discovery Plc has completed a Follow-on Equity Offering in the amount of £0.3 million. Cloudbreak Discovery Plc has completed a Follow-on Equity Offering in the amount of £0.3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 120,000,000
Price\Range: £0.0025
Transaction Features: Subsequent Direct Listing New Risk • Aug 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (26% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (UK£4.37m market cap, or US$5.90m). Minor Risk Shareholders have been diluted in the past year (21% increase in shares outstanding). Announcement • Aug 21
Cloudbreak Discovery plc Announces Gold Grades Exceed Expectations At Darlot West Gold Grades Up to 28 Grams Per Tonne At Surface Cloudbreak Discovery PLC announced the very encouraging results returned from its first gold sampling programme at the Darlot West Gold Project ("Darlot West" or the "Project"). The rock chip sampling at surface carried out in the maiden exploration programme on site has returned multiple significant results with grading up to 28.62g/t gold across four discrete prospect areas within the Project. 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. These surface results are particularly encouraging and warrant a follow up exploration programme which is being devised to further understand the extent of mineralisation potential. Further updates will be provided once this further programme has been confirmed. Announcement • Jul 10
Cloudbreak Discovery plc Announces Commencement of Field Based Exploration At Darlot West Cloudbreak Discovery PLC announced that field based exploration has commenced at the Darlot West Gold Project, located in the Eastern Goldfields region of Western Australia. The exploration program is being completed as part of the Company's due diligence with respect to the exclusive option acquisition announced on 23 June 2025. The Darlot Gold mine, located 10km to the north-east of the Project, has a long production history of around 30 years of continuous gold production. Up until November 2018, the total cumulative output of the mine was 17.8 million tonnes at 4.8g/t Au from 2.8 million ounces of contained gold. Within the Project, mineralisation has been sporadically sampled in drillholes, shafts, costeans, and surface samples for over 40 years. Historic samples from the Project include: 16.15g/t Au-SDRCP0081; 11.8g/t Au- SDRCP0042; 2.4g/t Au- SD RCP0040 Multiple significant drill results including: 1m at 11. 6g/t Au from 14 m; 1m at 4. 83g/t Au from 13 m. Within the Project there are 3 notable historical underground workings along 200 metres of strike located along contact of basalt and Granitoid. The field exploration program aims to conduct sampling of multiple gold mineralisation targets, with a focus on old historical pits and costean work in the area, which have been identified through a comprehensive desktop analysis to determine the extent and tenor of mineralisation present. Reconnaissance mapping will, additionally, be completed in order to gain an understanding of the controls on mineralisation and to assist with future drill targeting. It is envisaged that the exploration program will be completed within a week, and upon completion, samples will be submitted to Intertek Testing Services (Australia) Pty Ltd, for the laboratory for analysis. Announcement • Jun 09
Cloudbreak Discovery plc Appoints Mr. Tom Evans as Managing Director Cloudbreak Discovery Plc announced the appointment of Mr. Tom Evans as Managing Director with immediate effect. Mr. Evans has over 36 years of international experience in fund management, capital markets, corporate finance, and London listed companies in the resource sector. His extensive experience includes advising and the leadership of company boards in strategic transactions as well as overall strategic repositioning. Following a career as a banker in London with various UK and North American merchant banks, he founded a regulated hedge fund business focused on the resources sector. More recently, Tom has held the position of CEO and non-executive director with London Stock Exchange main board companies. Announcement • Mar 19
Cloudbreak Discovery Plc Announces Board Changes Cloudbreak Discovery Plc announced that Mr. Peter Huljich has been appointed as a director of the Company and has taken on the role of Executive Chairman with immediate effect. Mr. Andrew Male, Interim Chief Executive Officer has announced his intention to resign as a director of the Company after an orderly handover period and will continue to support the Company going forward. Mr. Huljich is a lawyer and investment banker with extensive senior corporate experience across stock exchanges in the UK, Australia and Africa. He has been Chairman of mineral exploration and development companies with operations in Africa, Australia and Europe. Mr. Huljich is currently Non-Executive Chairman of Zinc of Ireland Ltd. listed on the Australian Stock Exchange ("ASX"). He has previously been the Chairman of Macro Metals Ltd. and Amani Gold Ltd. and a Non-Executive Director of AVZ Minerals Ltd. Announcement • Feb 07
Cloudbreak Discovery Plc, Annual General Meeting, Mar 03, 2025 Cloudbreak Discovery Plc, Annual General Meeting, Mar 03, 2025. Location: the offices of bird and bird llp, 12 new fetter lane, ec4a 1jp, london United Kingdom Announcement • Oct 18
Cloudbreak Discovery plc Announces Stepped Down of Paul Gurney from Board of Directors Cloudbreak Discovery Plc announced that Mr. Paul Gurney has stepped down from the company's Board of Directors, effective 18 October 2024. The Board intend to appoint an additional non-executive director in due course. New Risk • Aug 06
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 86% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 4.2% per year over the past 5 years. Shareholders have been substantially diluted in the past year (86% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£3.12m market cap, or US$3.95m). Minor Risk Share price has been volatile over the past 3 months (9.5% average weekly change). New Risk • May 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 4.2% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (UK£2.92m market cap, or US$3.70m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). Announcement • Jan 27
Cloudbreak Discovery Plc, Annual General Meeting, Feb 19, 2024 Cloudbreak Discovery Plc, Annual General Meeting, Feb 19, 2024, at 12:00 Coordinated Universal Time. Location: 1 Heddon Street London United Kingdom Announcement • Oct 26
Cloudbreak Discovery Plc, Annual General Meeting, Nov 24, 2023 Cloudbreak Discovery Plc, Annual General Meeting, Nov 24, 2023, at 15:00 GMT Standard Time. Location: 1 Heddon Street, W1B 4BD London. United Kingdom New Risk • Oct 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (UK£2.58m market cap, or US$3.14m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (8.1% increase in shares outstanding). New Risk • Jun 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£3.1m free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (UK£2.28m market cap, or US$2.89m). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Shareholders have been diluted in the past year (26% increase in shares outstanding). Announcement • May 06
Alianza Minerals Ltd. and Cloudbreak Discovery plc Announces Results of the First Modern Drill Test of Klondike Property, Colorado Alianza Minerals Ltd. and Cloudbreak Discovery PLC announced results of the first modern drill test of the Klondike property, funded by partner Allied Copper Corp., under the terms of its earn-in agreement with the Alliance. Five holes were completed testing the Northeast Fault (2 holes), West Graben Fault (2 holes) and East Graben Fault (1 hole) targets. Hole KDB22-05 tested a strand of the West Graben Fault yielding long intersections of alteration and 42 metres of anomalous copper mineralization in a halo surrounding a fault intersection of 4.26% copper over 1.06 metres. Management interprets this result to indicate strong potential for copper mineralization on the main strand of the West Graben Fault. The Klondike Property consists of 76 unpatented mining claims, a State of Colorado Exploration Permit and an exclusive right to a State lease. North East Fault Target: Two holes were drilled in a scissor pattern to test the trace of the North East Fault. Neither hole was able to get to the target depth due problems with the drill rig. KDB22-01 was collared on Salt Wash Member sandstone that is strongly mineralized in the target area, including previous chip samples including 4.6 m that averaged 1.56% copper and 1.4 g/t silver in 2021 sampling. The first 3.4 metres of malachite and copper oxide mineralization were not recovered due to broken ground and setting casing, with the next 6.8 metres averaging 0.51% copper, while KDB22-04 intersected 3.08 m of 0.24% copper from 14.57 metres depth. The presence of significant copper mineralization at the tops of KDB22-01 and -04 is particularly encouraging as the targeted North East Fault was not tested. Copper mineralized sandstones at the Northeast Fault target can be traced along the fault and outboard from it into the adjacent sandstones over an area 200 metres long by 100 metres wide before becoming obscured beneath gravel cover. Further anomalous copper, including 2.1 metres of 463 ppm copper, was encountered over one kilometre to the northwest where the structure and host strata next appear from beneath the same gravel cover. West Graben Fault: KDB22-02 and -05 were located to test the West Graben Fault target. KDB22-05 intersected an eastern strand of the West Graben fault, which contained native copper and chalcocite at a depth of 44.96 metres. This interval returned 4.26% copper over 1.06 metres within a broad interval of anomalous copper mineralization (chalcocite and copper oxide) averaging 0.15% over 42 metres (excluding the high grade interval – 0.043% copper over 42 metres). This hole exhibits extensive alteration and bleaching, with chalcocite and copper oxides within four different sedimentary units within the hole. The strong copper mineralization within the fault strand and the extent of alteration and bleaching in adjacent units suggests the main strand of the fault remains a highly prospective target. East Graben Fault: One hole targeted the East Graben Fault, where surface sampling returned anomalous copper over 2 km of strike length, including 2.8% copper with 37.8 g/t silver and 1.5% copper with 24.3 g/t silver in rock samples. KDB22-03 encountered patchy malachite and copper oxides throughout the section cutting sandstones of the Salt Wash Formation. Again, due to difficulties with the drill rig, the fault itself was not intersected and the target remains untested. The presence of patchy copper mineralization, particularly in the Salt Wash Formation indicates potential for copper mineralization between the two graben bounding faults (East and West Graben faults), a distance of 600 metres from KDB22-05. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Non-Executive Director Paul Gurney was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 01
Cloudbreak Discovery plc Announces Andrew Male Moves from Non-Executive Director to Take Up an Executive Director Position Cloudbreak Discovery Plc announced that Andrew Male moved from a Non-Executive Director to take up an Executive Director position effective from 31 October 2022. Announcement • Oct 31
Cloudbreak Discovery Plc, Annual General Meeting, Nov 24, 2022 Cloudbreak Discovery Plc, Annual General Meeting, Nov 24, 2022, at 10:00 Pacific Standard Time. Location: 520 - 999 West Hastings Street Vancouver British Columbia Canada Announcement • Oct 28
Cloudbreak Discovery Plc Announces Completion of Airborne Survey on Northern Treasure Cloudbreak Discovery Plc announced that Precision GeoSurveys has completed a high-resolution helicopter-borne magnetic survey over the Northern Treasure Project, located in northwestern British Columbia. The survey consisted of 3,133 line-kilometres, flown at 100 metres line-spacing covering the entirety of the two claim blocks. The survey has identified several prominent structures and the survey results will provide valuable information enabling Cloudbreak to understand the geologic story of the property and delineate targets. The Company intends to follow up on this survey next year with a surface program comprised of mapping, prospecting and soil sampling. Cloudbreak's focus will be on: lineaments identified in this magnetic survey; anomalies from the remote sensing study conducted earlier this year; and ground truthing historic minfile occurrences that initially drew the Company's interest to the area when it selected Northern Treasure for staking. Integration of the magnetic data and interpretation is currently ongoing to prioritize the target areas for this program. In addition to the completion of the survey at Northern Treasure, Cloudbreak's partner, Power Group Projects Corp. ("PGP") conducted surveys over the portion of the northwestern portfolio, specifically Rizz, Icefall and Atlin West projects, which were surveyed as per PGP's news release from October 17, 2022. Announcement • Oct 19
Cloudbreak Discovery Plc Announces Completion of First Programme At Foggy Mountain Cloudbreak Discovery Plc announced that it has completed a reconnaissance surface programme at the Foggy Mountain Project in the Toodoggone region in north central British Columbia, located immediately east of the past producing Kemess Mine. The Property was initially generated and staked in April 2022. The Foggy Mountain Project covers 4,209.96 hectares, is roughly northwest-southeast trending, and comprises three claim blocks. It is located at the southern end of the Toodoggone Camp, in north central British Columbia, near Thutade Lake approximately 250 kilometres ("km") north of Smithers and 430 km northwest of Prince George. The Toodoggone camp is denoted by a series of northwest trending structures cutting Paleozoic through Mesozoic sedimentary, volcanic and intrusive rocks. The Property lies along a mineralized corridor containing several past producers, including Shasta, Baker, Lawyers and Kemess South. The property geology is comprised of early Cretaceous to early Jurassic granodiorite and monzodiorite intrusions, Stuhini group sediments and volcanic rocks, and Asitka group Permian to Devonian limestone. These units are cut by a series of northwest-trending steeply dipping strike-slip faults. Sampling has identified multiple showings where mineralization is associated with quartz, quartz-carbonate, or massive sulphide veins or on the Property. Several mineralized outcrops were observed to be semi-massive to massive sulphide skarn in limestone. The other pertinent style of mineralization observed was comprised of fine grained disseminated pyrite with anomalous precious metal content in altered volcanic and intrusives. Of particular note is the alteration in the intrusive rocks (granodiorite and diorite) showing quartz-sericite-pyrite alteration. Multiple mineralizing events are manifested in these veins and range in composition from quartz-pyrite (+/-magnetite, chalcopyrite, molybdenite and gold) and pyrite-chalcopyrite (+/-gold). In addition, host rocks contain disseminated mineralization. The overall style of mineralization is similar to that observed at Kemess South, which produced 2.978 million ounces of gold and 794 million pounds of copper during its thirteen year production life. Board Change • Aug 09
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Non-Executive Director Paul Gurney was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 14
Cloudbreak Discovery Appoints Paul Gurney as Non-Executive Director Cloudbreak Discovery Plc announced that Mr. Paul Gurney has joined the Board as a Non-Executive Director with immediate effect. Mr. Gurney has more than 15 years' experience of capital markets, most recently as a Managing Director of the Bank of Montreal's ("BMO") equity desk in London. For over a decade, Paul led BMO's coverage of large institutional equity clients in Europe and Asia-Pacific. BMO is a top 10 bank in North America, with a strong capital markets business and significant exposure to the public markets. Prior to BMO, Paul spent seven years as a senior salesperson at IBM. Announcement • Dec 03
Cloudbreak Discover Plc Announces Results from a Surface Sampling Program at the Klondike Project Cloudbreak Discover Plc announced the results from a surface sampling program at the Klondike Property, the first project acquired under the newly formed Strategic Alliance. The Klondike Property, located in Colorado, United States, consists of 76 unpatented mining claims, a State of Colorado Exploration Permit and an exclusive right to a State lease. A reconnaissance program consisting of mapping, stream sediment sampling and rock sampling was undertaken at Klondike to help define drill targets at the West Graben Fault and East Graben Fault targets. Rock sampling and mapping successfully expanded the footprint of both targets and identified a new target named the Northeast Fault. Sampling at the Northeast Fault returned 1.56% copper and 1.4 grams per tonne ("g/t") silver over a 4.6 metre chip sample of bleached, bitumen spotted and altered Jurassic sandstones of the Saltwash member of the Morrison Formation. Copper mineralized sandstones at the Northeast Fault target can be traced along the fault and outboard from it into the adjacent sandstones over an area 200 metres long by 100 metres wide before becoming obscured beneath gravel cover. Further anomalous copper, including 2.1 metres of 463 ppm copper, was encountered over one kilometre to the northwest where the structure and host strata next appear from beneath the same gravel cover. Announcement • Sep 29
Imperial X Plc Announces Initiation of Exploration on Northwest Portfolio Cloudbreak Discovery Plc announced that an exploration programme on the five recently staked Northwestern British Columbian polymetallic projects (the "Properties" or the "Northwest Portfolio") has commenced. This will represent the first field work Cloudbreak will conduct on these projects. The Properties are located in Northwestern British Columbia and are prospective for base and precious metals which could occur in several deposit types. The projects are in the early stages, with limited work conducted over the last 30 years. More recently there has been considerable glacial pull back which has revealed previously covered and unexplored ground and outcrops to examine in further detail. The exploration programme will consist of mapping and prospecting, with a particular focus on structural interpretation and locating historic showings. Director Overboarding • Aug 05
Director Samuel Hardy has joined 6th company board Executive Chairman & CEO Samuel Hardy has been appointed to the board of SBD Capital Corp. (CNSX:SBD). Hardy now sits on a total of 6 company boards. With 6 board positions including the role of CEO at Imperial X Plc (LSE:CDL), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Aug 05
Director Samuel Hardy has joined 6th company board Executive Chairman & CEO Samuel Hardy has been appointed to the board of SBD Capital Corp. (CNSX:SBD). Hardy now sits on a total of 6 company boards. With 6 board positions including the role of CEO at Imperial X Plc (LSE:CDL), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Aug 05
Director Samuel Hardy has joined 6th company board Executive Chairman & CEO Samuel Hardy has been appointed to the board of SBD Capital Corp. (CNSX:SBD). Hardy now sits on a total of 6 company boards. With 6 board positions including the role of CEO at Imperial X Plc (LSE:CDL), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Aug 05
Director Samuel Hardy has joined 6th company board Executive Chairman & CEO Samuel Hardy has been appointed to the board of SBD Capital Corp. (CNSX:SBD). Hardy now sits on a total of 6 company boards. With 6 board positions including the role of CEO at Imperial X Plc (LSE:CDL), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Aug 05
Director Samuel Hardy has joined 6th company board Executive Chairman & CEO Samuel Hardy has been appointed to the board of SBD Capital Corp. (CNSX:SBD). Hardy now sits on a total of 6 company boards. With 6 board positions including the role of CEO at Imperial X Plc (LSE:CDL), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Aug 05
Director Samuel Hardy has joined 6th company board Executive Chairman & CEO Samuel Hardy has been appointed to the board of SBD Capital Corp. (CNSX:SBD). Hardy now sits on a total of 6 company boards. With 6 board positions including the role of CEO at Imperial X Plc (LSE:CDL), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Aug 05
Director Samuel Hardy has joined 6th company board Executive Chairman & CEO Samuel Hardy has been appointed to the board of SBD Capital Corp. (CNSX:SBD). Hardy now sits on a total of 6 company boards. With 6 board positions including the role of CEO at Imperial X Plc (LSE:CDL), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Aug 05
Director Samuel Hardy has joined 6th company board Executive Chairman & CEO Samuel Hardy has been appointed to the board of SBD Capital Corp. (CNSX:SBD). Hardy now sits on a total of 6 company boards. With 6 board positions including the role of CEO at Imperial X Plc (LSE:CDL), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Announcement • Jun 18
Imperial X PLC Completes High-Resolution Helicopter-Borne 3-Axis Gradient Magnetic Survey for its South Timmins Project Imperial X PLC announced that it has completed a high-resolution helicopter-borne 3-axis gradient magnetic survey for its South Timmins Project. The South Timmins Project is one of 10 projects currently held by the Company and is a gold prospect located in Ontario, Canada, in the Abitibi Greenstone Belt. The survey data is currently being compiled and processed. The results of the survey will assist in identifying potential targets and trends for follow up exploration work. The Company will release the results when available. The South Timmins project was staked in late 2020 as a 50:50 co-venture with Vector Geological Solutions Inc. and is an excellent representation the Company’s ability to source, secure and then commence early-stage exploration work to establish a value model for the project and Cloudbreak shareholders. The South Timmins project is located 40 kilometres (“km”) south of the main Timmins mining camp, which has produced over 70 Moz to date and is home to more than 50 mining companies, and 40 km west of the Young-Davidson project, a mine that commenced production in 1934 and hosts a current reserve of 3.2 Moz. The property contains iron formation and mafic-felsic volcanic transitions, which are favourable host rocks for orogenic lode gold and volcanogenic massive sulphide deposit. Government data has been used to identify several prospective lineaments on the property which may represent gold prospective damage zones. Historic exploration work on the property is limited, however, rock samples with >200 ppb gold along one of the contacts between the mafic and felsic volcanic rocks on the property have been identified. Executive Departure • Jun 18
Independent Non Executive Director Melissa Sturgess has left the company On the 17th of June, Melissa Sturgess' tenure as Independent Non Executive Director ended. We don't have any record of a personal shareholding under Melissa's name. Melissa is the only executive to leave the company over the last 12 months. Announcement • Jun 05
Howson Ventures Inc., CaboxGold Corp., CloudBreak Discovery Corp and 1278953 B.C. Ltd. completed the acquisition of Imperial X Plc in a reverse merger transaction. Howson Ventures Inc., certain assets of CaboxGold Corp., certain assets of CloudBreak Discovery Corp and 1278953 B.C. Ltd. entered into a non-binding heads of agreement to acquire Imperial X Plc in a reverse merger transaction on August 6, 2020. Howson Ventures Inc., CaboxGold Corp., CloudBreak Discovery Corp and 1278953 B.C. Ltd. entered into a definitive agreement to acquire Imperial X Plc in a reverse merger transaction on February 16, 2021. Under the terms of the transaction, CloudBreak will vend certain assets to Imperial X in exchange for an aggregate of 149.57 million Imperial shares at a price of £0.025. Each CloudBreak shareholder would receive approximately 4.643 Imperial X shares in exchange for each CloudBreak share held. In connection with the Transaction, Imperial X will be renamed “Cloudbreak Discovery plc.
The transaction represented by heads of agreement is subject to a number of conditions, including without limitation, completion of mutual due diligence and negotiation and execution of a definitive agreement to effect the transaction. The transaction is subject to approval of atleast 2/3 of shareholders of CloudBreak, shareholders of Imperial, approval of Imperial board and board of directors of CloudBreak, all necessary regulatory approvals, no material adverse effect in the business, assets, affairs, financial condition or operations of CloudBreak or Numberco will have occurred between the date hereof and the effective date. The record date for the determination of CloudBreak Shareholders entitled to receive notice of and to vote at the CloudBreak Meeting is December 23, 2020. The board of directors of CloudBreak believes that the Transaction is fair to the CloudBreak Shareholders and in the best interests of CloudBreak, and unanimously recommends that CloudBreak Shareholders vote in favour of the Transaction Resolution. The transaction is expected to be closed on or about February 15, 2021. As of February 17, 2021, the transaction is expected to close in March 2021. DMCL, Chartered Professional Accountants acted as an accountant and Computershare Investor Securities Inc acted as registrar and transfer agent for CloudBreak, Share Registrars Ltd acted as registrar and transfer agent for Imperial and PKF Littlejohn LLP acted as auditor for Imperial.
Howson Ventures Inc., CaboxGold Corp., CloudBreak Discovery Corp and 1278953 B.C. Ltd. completed the acquisition of Imperial X Plc in a reverse merger transaction on June 3, 2021. Under the transaction, CloudBreak amalgamated with Howson Ventures Inc., CaboxGold Corp. and 1278953 B.C. Ltd. In conjunction with the closing, Imperial X also acquired certain assets in Anglo African Minerals Plc and changed its name to "Cloudbreak Discovery Plc". Following closing, as well as other ancillary transactions and financings conducted by Imperial X, former CloudBreak shareholders hold approximately 38.39% of the issued and outstanding shares of Imperial X. 
