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EIS Geophysics Application Granted at Paterson, WA
Cloudbreak Discovery PLC has been granted co-funding of up to $269,270 from the West Australian Government's Exploration Incentive Scheme for a geophysics program at its Paterson Project, covering 888km² prospective for copper-gold-molybdenum. This grant, which covers 50% of the $438,540 project cost, will fund a MobileMT Surveying program designed to map subsurface resistivity and geological structures under cover, building on the success of similar surveys in the region. The company remains fully funded for its exploration activities. Disclaimer*
About this update from Cloudbreak Discovery Plc
20 May 2026 Cloudbreak Discovery Plc ('Cloudbreak', or 'the Company') EIS Geophysics Application Granted at Paterson, WA Cloudbreak Discovery PLC (LSE:CDL), a London Stock Exchange Main Market listed company, is pleased to advise that an application for a co-funded geophysics program has been granted covering the Company's Paterson Project located ~40km south of the Telfer Gold-Copper Mine and ~60kms SW of the Havieron Gold-Copper Mine in the Paterson region of Western Australia ("Paterson") (Figure 1). · Geophysics program award under the West Australian Government's Exploration Incentive Scheme (EIS) covering the Paterson Project · Co-funded geophysics grant of up to $269,270 ($438,540 project overall cost, 50% funded by government plus a one-off payment of up to $50,000) to undertake widespread, semi-regional, MobileMT Surveying · MobileMT surveying in the Paterson region has already proven to be effective in mapping resistivity contrasts, structure and geological complexity / direct targets under considerable cover depths · Cloudbreak has built a large, strategic landholding within the Paterson region (~888km²) which is deemed prospective for copper-gold-molybdenum mineralisation. The Paterson Project represents a strategic 888km² land package in Western Australia's premier exploration frontier, located just 40km from the 15-million-ounce Telfer Gold-Copper Mine. With compelling historical drill results (Cu, Au and Mo) and multiple untested geophysical targets, this project offers substantial discovery potential in a region renowned for major mining operations and new discoveries. Commenting on the EIS Co-Funding grant, MD Tom Evans said: "We are delighted to secure EIS co-funding support from the Western Australian Government for this major MobileMT program across our Paterson Project. The survey represents a significant step forward in systematically unlocking the potential of our 888km² landholding in one of Australia's most prospective copper-gold districts. The MobileMT program will provide critical regional-scale geological and structural data beneath cover, helping us refine existing targets and identify new priority areas for drilling. Importantly, the grant allows us to accelerate exploration while materially ...
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