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Cloudbreak Discovery PLC - London-based natural resource project generator and royalty business - Announces acquisition of the Paterson Gold-Copper-Molybdenum Project in Western Australia’s Paterson Province. Project covers 888 kilometres squared and is located 40 km southwest of the Telfer Gold-Copper Mine, which Greatland Gold PLC operates. It also surrounds Cameco Corp’s Kintyre Uranium Project. Cloudbreak says drilling was last completed in 1987 and found ‘multiple significant’ intercepts, which ‘are shallow and can be targeted using reverse circulation drilling’. Notes that historic exploration was ‘looking for copper not gold’. ‘I am excited and delighted we have been able to secure exclusivity on this fantastic opportunity to acquire this asset, in a jurisdiction with significant activity and recent proven success,’ comments Cloudbreak Managing Director Tom Evans. ‘Technological advances in geophysics since the ’80s have improved greatly with the success of Mobile MT in the Paterson Province, we intend to start off with this geophysical survey, to use as another vector and data layer to refine and rank drill targets not only for copper but for gold as well.’ Current stock price: 0.56 pence, down 2.6% on Wednesday afternoon in London 12-month change: up 87% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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