Business
Interim Results for the Period Ended 31 Dec 2021
Interim Results for the Period Ended 31 Dec 2021.
About this update from Cloudbreak Discovery Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0564H\n Cloudbreak Discovery PLC\n 04 April 2022\n \n \n \n \n 4 April 2022\n \n \n Cloudbreak Discovery Plc\n \n \n (\"Cloudbreak\", or the \"Company\")\n \n \n \n \n \n Interim Results for the Period Ended 31 December 2021\n \n \n \n \n \n \n Cloudbreak Discovery Plc (LSE: CDL), \n \n a leading natural r\n esource project generator, announces its interim results for the period ended 31 December 2021 (\"H2 2021\" or the \"Period\").\n \n \n \n \n \n Period Highlights\n \n \n · \n In June 2021, Cloudbreak and Alianza Minerals Ltd formed a strategic alliance to explore for copper deposits in the United States (the \"Alliance\")\n \n \n o \n During H2 2021 the Alliance made its first acquisition, the Klondike Property (\"Klondike\"), in Colorado\n \n \n o \n A subsequent sampling programme expanded the known copper mineralisation and delineated a new copper target with results including 1.56% copper from a 4.6 metre chip sample\n \n \n o \n The Alliance optioned Klondike to Allied Copper Corp. (\"Allied Copper\" or \"Allied\") under an agreement which includes Allied Copper committing to exploration expenditure and the Alliance retaining a net smelter royalty\n \n \n o \n During the Period, the Alliance also made its second acquisition with the Stateline Property (\"Stateline\") in Utah which has 22 unpatented mining claims. Mineralisation and host rocks at Stateline bear strong resemblance to those at the Lisbon Valley Mining Complex\n \n \n · \n Cloudbreak staked and initiated an \n exploration programme on the Northwest Portfolio which targets polymetallic projects in Northwestern British Columbia (\"BC\")\n \n \n · \n Optioned the Yak Project, which targets gold mineralisation and is part of the Northwest Portfolio, to Moonbound Mining Ltd\n \n \n · \n Identified an exploration partner, 1315956 BC Ltd, for its South Timmins gold project\n \n \n · \n Optioned Atlin West, which is part of the Northwest Portfolio, to 1315843 BC Ltd\n \n \n \n \n \n Post Period Highlights\n \n \n · \n Successful fundraise of £1.5 million by way of a placing of ordinary shares\n \n \n · \n Optioned the Stateline project to Allied Copper under an agreement which will see Allied committing to exploration expenditure and the Alliance retaining a net smelter royalt...