Yes, that is precisely how my timber farmed walls are done.
Plasterboar, studs/insulation, then ply facing, then breathable
membrane, then battens/aigap, then mesh, then render.
There is a gap at the base behind the drip bead so any moisture that
gets in can indeed get out, and presumably enough breathing via the
render and said gap to keep the battening dry.
HomeOwnersHub.com is a website for homeowners and building and maintenance pros. It is not affiliated with any of the manufacturers or service providers discussed here.
All logos and trade names are the property of their respective owners.