Cloudbreak Discovery (LSE:CDL), the AIM-listed exploration company, has begun an airborne MobileMT survey covering roughly 2,771 line-kilometres across its Paterson Project in Western Australia.
The Paterson Project spans approximately 888 square kilometres of granted exploration tenure, sitting approximately 40km south-west of the Telfer Gold-Copper Mine and 60km south-west of the Havieron Gold-Copper Project.
The Western Australian Government's Exploration Incentive Scheme is funding half the cost of 2,148 line-kilometres of the survey through a grant of A$219,270, with Cloudbreak covering the remaining 623 line-kilometres itself to extend coverage north-west of the funded area.
The survey uses electromagnetic and magnetotelluric technology to map subsurface resistivity beneath cover, aiming to identify structures linked to concealed mineralisation.
Historical drilling at the Wanderer Prospect, last tested more than 35 years ago, returned intercepts including 17m at 1.6% copper and 317ppm molybdenum from 84m, with much of the wider project still untouched by modern exploration.
Expert Geophysics and Southern Geoscience Consultants are handling acquisition and interpretation, with the resulting data set to be combined with existing magnetic, gravity, geological and geochemical information.
Cloudbreak is basing the survey contractor at a field camp operated by Rincon Resources at its Hasties Gold-Copper Project, alongside fellow explorer Wishbone Gold.
"MobileMT gives us the opportunity to look beneath the extensive cover and develop a much more comprehensive understanding of the geological and structural architecture of the Project," said Managing Director Tom Evans, adding that the company expects initial results to help prioritise targets for follow-up exploration and potential drilling.
News Intelligence what this means for the company
Cloudbreak Discovery has initiated a 2,771 line-kilometre airborne MobileMT geophysical survey across its 888 km² Paterson Project in Western Australia, with the Western Australian Government co-funding half the cost (A$219,270 grant) and the company self-funding the remainder to extend coverage. The survey targets concealed copper-gold-molybdenum mineralisation using electromagnetic and magnetotelluric technology to map subsurface resistivity, building on historical drilling at Wanderer Prospect that returned 17m at 1.6% copper and 317ppm molybdenum more than 35 years ago.
This is a de-risking step typical of early-stage exploration: government co-funding reduces Cloudbreak's cash burn on a district-scale survey designed to prioritise drilling targets across largely untested ground. The survey's value hinges on whether the resulting data identifies drill-ready targets; initial results are expected to guide follow-up exploration decisions.
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