MOHO RESOURCES LIMITED — Capital/Financing Update 2025

Dec 7, 2025

Moho Resources Ltd P. +61 8 9481 0389 ABN 81 156 217 971 E. admin@mohoresources.com.au 168 Stirling Hwy mohoresources.com.au Nedlands WA 6009 ASX MOH

ASX RELEASE | 8 December 2025

Non-core project sale adds momentum to Bush Chook drilling.

Highlights

• Binding term sheet executed with Mineral Mining Services Pty Ltd (MMS) for the sale of Silver Swan North Project.

• The consideration is $500,000, plus a $500,000 milestone payment upon conversion of the Tenement to a mining lease, and a 1% gross revenue royalty.

• Transaction enhances financial position, increasing the exploration budget and company focus on the Bush Chook Project.

• Maiden reverse circulation (RC) drill program commenced 7 December at Bush Chook’s Swan Gold Prospect.

• The Swan Gold Prospect is a 1.4km long by 250m wide gold anomaly (soils up to 330ppb Au) located 10km away from AIM Mining’s high-grade Blue Spec Gold-Antimony deposit (242 Koz Au @ 24.3 g/t Au and 1.6% Sb)[1] .

Moho Resources Ltd (ASX:MOH) has executed a binding agreement to sell its Silver Swan North (E27/623) Project to MMS for $500,000, along with an additional $500,000 milestone payment and a 1% gross revenue royalty.

This strategic divestment enhances Moho’s balance sheet as it embarks on its maiden drilling program at the Bush Chook Project in Western Australia’s Pilbara region. Drilling commenced on 7 December at Bush Chook’s Swan Gold Prospect, a 1.4km long by 250m wide gold anomaly identified through maiden soil sampling (see Figure 2). The program will include drilling between 1,000 to 1,600m across two to three drill lines, reaching depths of 160 to 200m. Completion is expected within two weeks.

Moho Resources Chairman, Mr Peter Christie said:

“With our balance sheet strengthened we can focus our resources on unlocking the full potential of the Bush Chook Project, which is now being drilled, marking an exciting new chapter in our pursuit of significant gold discoveries. The Company is well funded and prepared for an active 2026 field season at Bush Chook, which is scheduled to start in March. We will be systematically developing, ranking and testing exploration targets through comprehensive soil and rock chip sampling programs followed by targeted drilling campaigns.”

1 Source: https://aimmining.com.au/blue-spec-project/

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Figure 1: RC drilling has commenced at Swan Gold Prospect.

Swan Gold Prospect geology

The 1.4km Swan Gold prospect, which remains open to both the east and west, is situated within the hinge of an antiform and is coincident with subgrouping quartz reefs which are parallel and oblique to the fold axis. This complex structural setting, indicative of an en echelon tension array, is an ideal setting for gold mineralisation. The RC drill program aims to test the soil anomaly at depth.

Regional geology

The Pilbara has delivered exceptional mineral discoveries over the past 10 years, transforming companies such as De Grey Mining (acquired by Northern Star for $5 billion) following their discovery of the 11.2Moz Hemi Gold deposit in 2019 in the Mallina Basin[2] . Bush Chook lies within the Mosquito Creek Basin which hosts 2.5 million ounces (Moz) of gold in past production and current resources[3] . The project neighbours AIM Mining Corp’s Nullagine Gold Project, which produced 543 Koz of gold @ 1.6 g/t between 2012 and 2019 and serves the 1.8 Mtpa Golden Eagle gold processing plant which is in good condition[4] .

2 Refer ASX release dated 2 December 2024 Northern Star Agrees to Acquire De Grey 3 Source: DMPE MINDEX Database – Site Resource Estimates and Site Production 4 Source: https://aimmining.com.au/nullagine-gold-project/

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Figure 2: Swan Gold Prospect soil anomaly.

Sale agreement details

Moho has entered a binding term sheet (Term Sheet) with Mineral Mining Services Pty Ltd (MMS) to sell 100% of its Silver Swan North Project, which includes E27/623. MMS subject to satisfaction or waiver of the Conditions Precedent, agrees to acquire E27/623, and Moho agrees to sell all of its rights, title and interest in tenement E27/623 (free of any Encumbrances).

Consideration as follows:

• (i) Execution Payment: $50,000 (exclusive of GST) on ton the execution date;

• (ii) Completion Payment: $200,000 (exclusive of GST) at Completion; and

• (iii) Deferred Payment: $250,000 (exclusive of GST) on 1 July 2026; and

• (iv) Milestone Payment: $500,000 on the date the Tenement or an area of ground within the boundaries of the Tenement is converted into a mining lease under the Mining Act as a result of an application made by, or on behalf of, the Purchaser or its nominee or any successor in title to the Tenement.

Conditions Precedent:

• (i) Royalty Deed: Both Parties will agree on the form of the Royalty Deed, which will be signed in counterparts at the time of Completion.

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• (ii) Regulatory approvals : the Vendor obtaining all necessary regulatory approvals or waivers pursuant to the ASX Listing Rules, Corporations Act or any other applicable law to allow the Parties to lawfully complete the matters set out in this Agreement.

• (iii) Third party approvals : the Parties obtaining all third party approvals and consents, including the consent of the Minister responsible for the Mining Act (if required), necessary to lawfully complete the matters set out in this Agreement.

• (iv) Deeds of assignment and assumption : the Vendor, the Purchaser and, if necessary, under the Third Party Agreements, the relevant third party, executing a deed of assignment and assumption in relation to each Third Party Agreement.

Royalty: In addition to the Consideration payable by MMS, MMS agrees to grant the Moho a 1% gross revenue royalty calculated on the gross proceeds actually received by the Purchaser from the sale of gold produced and sold from the tenement less customary deductions and similar costs. MMS shall have the right to buy back a 50% interest in the Royalty granted under this Agreement for $1,000,000. The Buy-Back Option may be exercised by MMS at any time within five years from the date of first commercial gold production from the Tenement.

This ASX announcement has been authorised for release by the Board of Moho Resources Limited.

For further information, please contact:

Mr Peter Christie	Gareth Quinn
Chairman	Investor Relations
Moho Resources Limited	gareth@republicir.com.au
admin@mohoresources.com.au	0417 711 108

Competent Persons Statements

The information in this report that relates to Exploration Results and Exploration Targets is based on information compiled by Mr. Graeme Hardwick. Mr. Hardwick is a Member of Australian Institute of Geoscientists (MAIG) and Moho Resource’s Exploration Manager and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr. Hardwick consents to the inclusion in the report of the matters based on his information in the form and context in which it appears

Forward-Looking Statements

This document may include forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning Moho Resources Limited’s planned exploration program and other statements that are not historical facts. When used in this document, words such as "could," "plan," "expect," "intend," "may”, "potential," "should," and similar expressions are forward-looking statements. Although Moho believes that its expectations reflected in these forward- looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that further exploration activities will result in the actual values, results or events expressed or implied in this document.

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About Moho Resources

Moho Resources Ltd is an Australian natural resources company advancing early-stage gold and other metals projects in Western Australia through exploration towards development. Moho controls a 100% interest of its portfolio. The Bush Chook Gold Project in the Pilbara Craton is currently the company’s priority focus area. Moho’s Board is chaired by Mr Peter Christie, a qualified accountant and tax agent and highly successful businessman. He has served on the boards of several public companies in the resource sector since 2006 and is the current club president of WAFL club, the South Fremantle Bulldogs. Mr Christie is joined on the Board by Mr Bryce Gould and Ms Greta Purich. Mr Gould is an experienced corporate advisor who has a long track record of helping small-cap companies to meet their capital raising goals and engage and attract investors. Ms Purich is an experienced geologist and mining engineer bringing technical expertise to the company’s direction and project development.

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JORC Code, 2012 Edition – Table 1: Bush Chook Project

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

Criteria	JORC Code explanation	JORC Code explanation	Commentary
Sampling	•	Nature and quality of sampling (eg cut	• Moho’s samples were collected from
techniques		channels, random chips, or specific specialized	outcropping material, 1-3 kg of sample was
		industry standard measurement tools	collected at each location.
		appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.	• The surface samples presented are compiled from several WAMEX Areports (The original Areports should be consulted for detailed sampling techniques). This historic sampling is considered appropriate
	•	Include reference to measures taken to ensure	to generate avenues for follow up work on
		sample representivity and the appropriate	the Project. Rock chip samples are to be
		calibration of any measurement tools or	considered grab samples of outcrop,
		systems used.	subcrop or float material. Soil and stream
	•	Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry standard’ work has been done this would be relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m	sediment samples are collected from unconsolidated soil material. The samples have been analysed in Western Australia by reputable laboratories using a variety of industry standard gold assay methods.
		samples from which 3 kg was pulverised to	• Rock chip sample have had brief geological
		produce a 30 g charge for fire assay’). In other	descriptions to provide geological context.
		cases more explanation may be required, such	Soil and stream sediment samples have
		as where there is coarse gold that has inherent	been sieved to a variety of size fractions to
		sampling problems. Unusual commodities or	reduce the effect of nuggety gold.
		mineralisation types (eg submarine nodules)
		may warrant disclosure of detailed information.
Drilling	•	Drill type (eg core, reverse circulation, open-	• Not applicable.
techniques		hole hammer, rotary air blast, auger, Bangka,
		sonic, etc) and details (eg core diameter, triple
		or standard tube, depth of diamond tails, face-
		sampling bit or other type, whether core is
		oriented and if so, by what method, etc).
Drill sample	•	Method of recording and assessing core and	• Not applicable
recovery		chip sample recoveries and results assessed.	• Not applicable.
	•	Measures taken to maximise sample recovery
		and ensure representative nature of the samples.	• Not applicable.
	•	Whether a relationship exists between sample
		recovery and grade and whether sample bias
		may have occurred due to preferential loss/gain
		of fine/coarse material.
Logging	•	Whether core and chip samples have been	• Not applicable
		geologically and geotechnically logged to a
		level of detail to support appropriate Mineral
		Resource estimation, mining studies and
		metallurgical studies.
	•	Whether logging is qualitative or quantitative in
		nature. Core (or costean, channel, etc)
		photography.
	•	The total length and percentage of the relevant
		intersections logged.

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
Sub-	•	If core, whether cut or sawn and whether	•	Not applicable.
sampling		quarter, half or all core taken.
techniques and sample preparation	•	If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.	•	Soil and stream sediment samples were sieved in the field to a variety of particulate sizes to reduce the effect of nuggety gold
	•	For all sample types, the nature, quality and		and is considered appropriate for gold
		appropriateness of the sample preparation		exploration.
		technique.	•	Soil sampling is an industry standard
	•	Quality control procedures adopted for all sub-		technique utilised in first pass geochemical
		sampling stages to maximise representivity of		sampling over suitable regolith landform
		samples.		regions.
	•	Measures taken to ensure that the sampling is	•	A variety of QAQC measure have been
		representative of the in situ material collected,		implemented by the historic exploration
		including for instance results for field		groups and these methods are considered
		duplicate/second-half sampling.		to be industry standard. Further details are
	•	Whether sample sizes are appropriate to the		described in the relevant Areports.
		grain size of the material being sampled.
Quality of	•	The nature, quality and appropriateness of the	•	Moho’s samples were analysed at Intertek
assay data		assaying and laboratory procedures used and		Laboratories in Perth for Aqua Regia digest
and		whether the technique is considered partial or		followed by fire asay for samples exceeding
laboratory		total.		2ppm Au.
tests	•	For geophysical tools, spectrometers, handheld		All samples were processed and analysed
		XRF instruments, etc, the parameters used in		in a variety of Western Australian
		determining the analysis including instrument		Laboratories following protocols where are
		make and model, reading times, calibrations		considered industry standard. Further
		factors applied and their derivation, etc.		details are described in the relevant
	•	Nature of quality control procedures adopted		Areports.
		(eg standards, blanks, duplicates, external
		laboratory checks) and whether acceptable
		levels of accuracy (ie lack of bias) and precision
		have been established.
Verification	•	The verification of significant intersections by	•	Not applicable.
of sampling and assaying	•	either independent or alternative company personnel. The use of twinned holes.	• •	Not applicable. The data from the Areports was carefully compiled by Moho Resource’s geologist.
	•	Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.	•	In some instances, gold assay units were converted from PPM to PPB using the multiplication factor of 1000.
	•	Discuss any adjustment to assay data.
Location of	•	Accuracy and quality of surveys used to locate	•	Moho sample locations were determined by
data points		drill holes (collar and down-hole surveys),		hand held GPS with an error of ~2-5m.
		trenches, mine workings and other locations		Historic sample locations are taken from the
		used in Mineral Resource estimation.		Areports, these locations were validated
	• •	Specification of the grid system used. Quality and adequacy of topographic control.	•	against tenement boundaries to ensure the general location is correct. MGA94 Zone 51
			•	Not applicable

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Data	•	Data spacing for reporting of Exploration	•	The soil sampling has taken are a variety of
spacing and		Results.		spacing include 80mx20m, 760mx20m,
distribution	•	Whether the data spacing and distribution is		360mx80m, and 40mx200m
		sufficient to establish the degree of geological	•	This sample spacing is sufficient for first-
		and grade continuity appropriate for the Mineral		pass soil sampling for gold exploration.
	•	Resource and Ore Reserve estimation procedure(s) and classifications applied. Whether sample compositing has been applied.	• •	Not applicable. Some soil samples were composited over a 40m area to combine into one sample.
Orientation	•	Whether the orientation of sampling achieves	•	Sampling was general planned
of data in		unbiased sampling of possible structures and		perpendicular to the structural and bedding
relation to		the extent to which this is known, considering		trends of the Mosquito Creek Formation
geological		the deposit type.
structure	•	If the relationship between the drilling
		orientation and the orientation of key mineralised structures is considered to have	•	Not applicable.
		introduced a sampling bias, this should be
		assessed and reported if material.
Sample	•	The measures taken to ensure sample security.	•	Moho’s geologist transported the samples to
security				the laboratory.
Audits or	•	The results of any audits or reviews of sampling	•	Available data has been reviewed by
reviews		techniques and data.		company geologist.

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Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section).

Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
Mineral tenement and land tenure status	•	Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites,	•	The Bush Chook Project encompassed part of the Bonney Downs Pastoral Lease, The Palyku and Palyku #2 and Nyamal Palyku Native Title groups, and some miscellaneous licences owned by AIM
	•	wilderness or national park and environmental settings. The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.	•	Mining. It is expected that agreements will be reached with these parties to enable the tenements to be granted and exploration work to occur. The licences are all pending applications, land access and heritage agreements
				have not yet been finalised.
Exploration done by other parties	•	Acknowledgment and appraisal of exploration by other parties.	•	The project has predominantly been explored for gold mineralisation using a variety of surface techniques which have outlined several anomalous and
				mineralised zones within the project.
				Adequate drill testing of these areas has
				not taken place.
Geology	•	Deposit type, geological setting and style of mineralisation.	•	Turbidite-hosted orogenic gold and gold- antimony deposits are the principal
				target. These are hosted within the
				Mesoarchean Mosquito Creek basin of
				the Pilbara Craton. Examples of
				mineralisation in the region include the
				Blue Spec, Gold Spec, and Golden Eagle
				deposits.
Drill hole	•	A summary of all information material to the	•	Not applicable
Information		understanding of the exploration results
		including a tabulation of the following
		information for all Material drill holes:
		o easting and northing of the drill hole
		collar
		o elevation or RL (Reduced Level –
		elevation above sea level in metres) of
		the drill hole collar
		o dip and azimuth of the hole
		o down hole length and interception depth
		o hole length.
	•	If the exclusion of this information is justified
		on the basis that the information is not
		Material and this exclusion does not detract
		from the understanding of the report, the
		Competent Person should clearly explain
		why this is the case.
Data aggregation	•	In reporting Exploration Results, weighting averaging techniques, maximum and/or	•	No averaging or cut offs have been applied to the data.
methods		minimum grade truncations (eg cutting of
		high grades) and cut-off grades are usually Material and should be stated.	•	Not applicable.
	•	Where aggregate intercepts incorporate
		short lengths of high grade results and
		longer lengths of low grade results, the procedure used for such aggregation should	•	No metal equivalents have been reported.
		be stated and some typical examples of such

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
		aggregations should be shown in detail.
	•	The assumptions used for any reporting of
		metal equivalent values should be clearly
		stated.
Relationship	•	These relationships are particularly important	•	Not applicable.
between mineralisatio	•	in the reporting of Exploration Results. If the geometry of the mineralisation with	•	Not applicable.
n widths and		respect to the drill hole angle is known, its
intercept lengths	•	nature should be reported. If it is not known and only the down hole	•	Not applicable.
		lengths are reported, there should be a clear
		statement to this effect (eg ‘down hole
		length, true width not known’).
Diagrams	•	Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being	•	Plan-view maps are presented showing the location of the project, the sample locations and the gold results.
		reported These should include, but not be
		limited to a plan view of drill hole collar
		locations and appropriate sectional views.
Balanced	•	Where comprehensive reporting of all	•	Not applicable
reporting		Exploration Results is not practicable,
		representative reporting of both low and high
		grades and/or widths should be practiced to
		avoid misleading reporting of Exploration
		Results.
Other substantive exploration	•	Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations;	•	GSWA geological maps, magnetic and gravity data have been used to assist the interpretation of the target areas.
data		geophysical survey results; geochemical
		survey results; bulk samples – size and
		method of treatment; metallurgical test
		results; bulk density, groundwater,
		geotechnical and rock characteristics;
		potential deleterious or contaminating
		substances.
Further work	• •	The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step-out drilling). Diagrams clearly highlighting the areas of possible extensions, including the main	• •	Follow up field mapping is planned, which will include repeating historic soil sampling, rock chip sampling, and geological mapping. Not applicable
		geological interpretations and future drilling
		areas, provided this information is not
		commercially sensitive.

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