MOHO RESOURCES LIMITED — Capital/Financing Update 2025

Nov 9, 2025

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

ASX RELEASE | 10 NOVEMBER 2025

Bush Chook Project, WA: Maiden drilling to start in November.

Highlights

• A 1,000m to 1,600m reverse circulation (RC) drilling program will test the “Swan Prospect”, 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] .

• The Swan Prospect was generated by an infill soil sampling program at one of over one hundred +32ppb historic gold anomalies across Bush Chook, none of which have ever been drilled.

• Drilling is scheduled to begin within two weeks.

Moho Resources Ltd (ASX:MOH) (Moho or the Company) will drill test the highly prospective “Swan Prospect” at its Bush Chook Project in Western Australia’s Pilbara region later this month after receiving government approval for its Programme of Works (PoW).

A 1,000m to 1,600m reverse circulation (RC) drilling program across two to three drill lines to depths of 160-200m is planned to test Swan, 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.

Drilling is scheduled to start within two weeks and follows an aggressive exploration campaign which started immediately after Moho’s acquisition of Bush Chook in August. The Swan Prospect was delineated by a soil sampling program which infilled a historic gold anomaly defined by two 800m-spaced soil lines. It is covered by prospecting licences with no native title conditions which has enabled faster approvals and more cost-effective drilling.

Moho Resources Chairman, Mr Peter Christie said:

“Our goal from day one has been to deliver the Pilbara’s next gold discovery. We are fully committed to establishing Bush Chook as a cornerstone project to launch the company’s new phase of growth. Bush Chook is a large land position acquired at low cost, adjacent to existing mining infrastructure and development projects, with extensive and exceptional historical soil and rock chip results in a Tier 1 mining jurisdiction.

This maiden drilling program follows a comprehensive and relentless drill target generation campaign by our new exploration team. Our in-ground exploration will accelerate in 2026 as we drill test new targets generated from over one hundred historic gold anomalies across Bush Chook.”

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

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Figure 1: Swan Gold Prospect soil anomaly.

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] .

The 1.4km long Swan Prospect is situated within the hinge of an antiform and is coincident with subcroppping 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.

Bush Chook Project overview

Prior to Bush Chook’s acquisition in August, Moho conducted due diligence work in July 2025, delivering high-grade gold samples up to 28.6g/t Au which validated historical results. Exploration

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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acreage was staked in August 2025 before the first licences were granted in October. Field work commenced immediately and has consistently delivered remarkable gold results across four key target zones (see overleaf).

Well-funded, Moho will accelerate field work in 2026. Extensive soil and rock chip sampling campaigns will convert the 100+ historical soil (32ppb to 7910ppb Au) and rock chip (up to 28.6g/t Au) anomalies into drill-ready targets. In parallel, RC drilling will systematically test these targets.

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Figure 2: Overview of gold targets across Moho’s 386km[2] landholding, multiple high-grade gold veins and soil anomalies remain to be tested in 2026.

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Key target zones identified in 2025.

Zone A Zone B Zone C (Swan Prospect) Zone D	New rock chips up to 6.98g/t Au extend high-grade gold trend up to 300m which is distinguished by historic rock chips of 14.9g/t Au, 13.4g/t Au, and 9.12g/t. Within that, a 100m outcropping gold vein around ~20m in apparent thickness represents a compelling drill target.
	A 1.8km trend of historic high-grade rock chip samples up to 5.6g/t Au. Infill soil sampling has begun.
	Moho’s first soil sampling program at Bush Chook completed over a historical soil anomaly defined a pronounced 1.4km long by 250 wide (10 to 330ppb) gold anomaly. Drilling will commence in November.
	A pyrophyllite dickite mineral abundance map generated by an open file HyMap survey across Bush Chook’s acreage has revealed an anomaly which align with historic soil samples. Up to 0.54g/t Au was returned in the first-ever reconnaissance rock chip sampling. This anomaly is open along a 1.5km +10ppb gold trend and is a priority area for further work in 2026.

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 the Australian Institute of Geoscientists (MAIG) and Moho Resource’s Exploration Manager. Mr. Hardwick 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

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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.

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 and the Silver Swan North Project in the Yilgarn Craton are currently the company’s priority focus areas. 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. Me Christie is joined on the Board by experienced corporate advisors Mr Michael Pereira and Mr Bryce Gould, both of whom have a long track record of helping small-cap companies to meet their capital raising goals, and engage and attract investors.

For more information, visit www.mohoresources.com.au

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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	Commentary
Sampling	•	Nature and quality of sampling (eg cut	•	Soil samples were collected from a
techniques		channels, random chips, or specific specialized		subcropping regolith with minimal alluvial
		industry standard measurement tools		cover; these samples were collected from
		appropriate to the minerals under investigation,		10-20cm depth to avoid the thin veneer of
		such as down hole gamma sondes, or handheld		colluvium.
	• •	XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. 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	• • • •	Sample were collected on an 80m by 40m grid. Soil samples were sieved in the field through a 100 micro sieve to reduce the nuggety effect of gold. A brief description of the regolith was collected at each sample site. The samples were analysed by Aqua Regia which is considered appropriated for determining gold in soil samples.
		circulation drilling was used to obtain 1 m
		samples from which 3 kg was pulverised to
		produce a 30 g charge for fire assay’). In other
		cases more explanation may be required, such
		as where there is coarse gold that has inherent
		sampling problems. Unusual commodities or
		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	•	Soil samples were sieved in the field
sampling		quarter, half or all core taken.		through a 100 micro sieve to reduce the
techniques and sample preparation	•	If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.		nuggety effect of gold.
	•	For all sample types, the nature, quality and
		appropriateness of the sample preparation
		technique.
	•	Quality control procedures adopted for all sub-
		sampling stages to maximise representivity of
		samples.
	•	Measures taken to ensure that the sampling is
		representative of the in situ material collected,
		including for instance results for field
		duplicate/second-half sampling.
	•	Whether sample sizes are appropriate to the
		grain size of the material being sampled.
Quality of	•	The nature, quality and appropriateness of the	•	Samples were submitted to ALS
assay data		assaying and laboratory procedures used and		Laboratories in Perth for Aqua Regia digest/
and		whether the technique is considered partial or		ICP-MS.
laboratory		total.
tests	•	For geophysical tools, spectrometers, handheld
		XRF instruments, etc, the parameters used in
		determining the analysis including instrument
		make and model, reading times, calibrations
		factors applied and their derivation, etc.
	•	Nature of quality control procedures adopted
		(eg standards, blanks, duplicates, external
		laboratory checks) and whether acceptable
		levels of accuracy (ie lack of bias) and precision
		have been established.
Verification of sampling and assaying	• •	The verification of significant intersections by either independent or alternative company personnel. The use of twinned holes.	• • • •	Not applicable. Not applicable. Not applicable. Not applicable.
	•	Documentation of primary data, data entry
		procedures, data verification, data storage
		(physical and electronic) protocols.
	•	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	•	MGA94 Zone 51
		used in Mineral Resource estimation.
	•	Specification of the grid system used.
	•	Quality and adequacy of topographic control.
Data	•	Data spacing for reporting of Exploration	•	Soil were collected on a 80m by 40m grid.
spacing and		Results.
distribution	•	Whether the data spacing and distribution is
		sufficient to establish the degree of geological
		and grade continuity appropriate for the Mineral
		Resource and Ore Reserve estimation
		procedure(s) and classifications applied.
	•	Whether sample compositing has been applied.

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
Orientation	•	Whether the orientation of sampling achieves	•	Soil lines were planned oblique to the broad
of data in		unbiased sampling of possible structures and		east-west structural trend in the area.
relation to		the extent to which this is known, considering
geological		the deposit type.
structure	•	If the relationship between the drilling
		orientation and the orientation of key
		mineralised structures is considered to have
		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	•	Type, reference name/number, location and	•	The Bush Chook Project encompassed
tenement and		ownership including agreements or material		part of the Bonney Downs Pastoral Lease,
land tenure		issues with third parties such as joint		The Palyku and Palyku #2 and Nyamal
status		ventures, partnerships, overriding royalties,		Palyku Native Title groups, and some
		native title interests, historical sites,		miscellaneous licences owned by AIM
		wilderness or national park and		Mining. It is expected that agreements will
		environmental settings.		be reached with these parties to enable
	•	The security of the tenure held at the time of reporting along with any known impediments		the tenements to be granted and exploration work to occur.
		to obtaining a licence to operate in the area.	•	The twenty-six of the licences have been
				granted with no native title or pastoralist
				conditions. The remaining applications
				are still pending; land access and
				heritage agreements have not yet been
				finalised.
Exploration	•	Acknowledgment and appraisal of	•	The project has predominantly been
done by other		exploration by other parties.		explored for gold mineralisation using a
parties				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	•	Turbidite-hosted orogenic gold and gold-
		mineralisation.		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	•	In reporting Exploration Results, weighting	•	No averaging or cut offs have been
aggregation		averaging techniques, maximum and/or		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.

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
	•	Where aggregate intercepts incorporate
		short lengths of high grade results and
		longer lengths of low grade results, the
		procedure used for such aggregation should
		be stated and some typical examples of such	•	No metal equivalents have been reported.
		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		in the reporting of Exploration Results.
mineralisatio n widths and intercept lengths	• •	If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. If it is not known and only the down hole	• •	Not applicable. 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)	•	Plan-view maps are presented showing
		and tabulations of intercepts should be		the location of the project, the sample
		included for any significant discovery being		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	•	Other exploration data, if meaningful and	•	GSWA geological maps, magnetic and
substantive		material, should be reported including (but		gravity data have been used to assist the
exploration		not limited to): geological observations;		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	•	Follow up field mapping is planned, which
		(eg tests for lateral extensions or depth		will include repeating historic soil
		extensions or large-scale step-out drilling).		sampling, rock chip sampling, and
	•	Diagrams clearly highlighting the areas of		geological mapping.
		possible extensions, including the main	•	Drilling is planned to define the basement
		geological interpretations and future drilling		source of gold identified in historical
		areas, provided this information is not		samples. A drilling PoW has been
		commercially sensitive.		submitted for 5000m of RC drilling.
			•	Not applicable

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