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MOHO RESOURCES LIMITED — Capital/Financing Update 2022
Jan 12, 2022
65359_rns_2022-01-12_911c2007-dd35-4044-8277-cfa781c9bd03.pdf
Capital/Financing Update
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13 January
2022
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MOHO RECEIVES $621K TAX REFUND FOR R&D SPEND
Moho Resources Limited (“the Company”) is pleased to advise it has received $621k as a refundable tax offset for eligible research and development (R&D) expenditure conducted across its prospective projects at Silver Swan North, and Burracoppin in Western Australia and Empress Springs in Queensland during the 2020-21 financial year.
The Company has actively progressed R&D programs in conjunction with CSIRO and external consultants as part of its overall exploration strategy to improve and refine its mineral discovery processes.
“This R&D tax refund represents a major addition to Moho’s ongoing exploration budget. It also underlines the contribution that R&D makes in the Company’s exploration processes targeting significant mineral discoveries within our highly prospective portfolio of battery and precious metal projects” - Mr Shane Sadleir, Moho Managing Directo r
The Board of Directors of Moho Resources Limited authorised this announcement to be given to ASX.
Ralph Winter
Commercial Director
Moho Resources Limited
For further information please contact: Shane Sadleir, Managing Director T: +61 411 704 498 [email protected] E: [email protected]
Ralph Winter, Commercial Director T: +61 435 336 538 E: [email protected]
ABOUT MOHO RESOURCES LTD
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Moho Resources Ltd is an Australian mining company which listed on the ASX in November 2018. The Company is focused on gold and nickel exploration at Empress Springs, Silver Swan North and Burracoppin.
Moho’s Board is chaired by Mr Terry Streeter, a well-known and highly successful West Australian businessman with extensive experience in funding and overseeing exploration and mining companies, including Jubilee Mines NL, Western Areas NL and Midas Resources Ltd.
Moho has a strong and experienced Board lead by geoscientist Shane Sadleir as Managing Director, Commercial Director Ralph Winter and Adrian Larking, lawyer and geologist, as Non-Executive Director.
Highly experienced geologist Lyndal Money (Technical Manager) is supported by leading industry consultant geophysicist Kim Frankcombe (ExploreGeo Pty Ltd) and experienced consultant geochemists Richard Carver (GCXplore Pty Ltd). Dr Jon Hronsky (OA) provides high level strategic and technical advice to Moho.
ENDS
The Board of Directors of Moho Resources Ltd authorised this announcement to be given to ASX.
For further information please contact:
Shane Sadleir, Managing Director Ralph Winter, Commercial Director T: +61 411 704 498 T: +61 435 336 538 E: [email protected] E: [email protected]