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MOHO RESOURCES LIMITED Capital/Financing Update 2025

Sep 3, 2025

65359_rns_2025-09-03_e44816d2-1072-41b4-9481-91c13083069d.pdf

Capital/Financing Update

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

ASX RELEASE | 4 September 2025

Strategic acquisitions expand Moho’s Hemi hunt.

Highlights

  • Moho has entered into agreements to acquire nine new exploration tenements (eight prospecting licences and one exploration licence) in Western Australia’s Pilbara Craton, which will expand the Company’s new Bush Chook Gold Project to 386km[2] following completion.

  • Project lies within the Mosquito Creek Basin which is geologically comparable to the Mallina Basin, which hosts Northern Star’s Hemi Resource (11.2 Moz)[1] .

  • Six high-grade zones of gold mineralisation have been identified in historical data; these have been validated with Moho’s own rock chip samples returning up to 28.6 g/t Au , none of these areas have been drill tested.

  • The discovery of the Hemi deposit in 2019 led to a boom in exploration in the Mallina Basin, while exploration expenditure in the Mosquito Creek Basin contracted by 67% from ~$15 million per annum during 2016-2019 to only ~$5 million per annum from 2020 to 2023[2] .

  • Limited historical drilling has been conducted across Moho’s Bush Chook Gold Project, with no previous drilling in the recently identified areas of gold outcropping, highlighting the potential for new discoveries.

Moho Resources Ltd (ASX:MOH) (Moho or the Company) is set to establish itself as the largest exploration landholder over the prospective Mosquito Creek Basin[3] in Western Australia’s Pilbara Craton after reaching agreement to expand its new Bush Chook Gold Project to 386km[2] on completion of the acquisition of eight new prospecting licences and one exploration licence.

The project neighbours AIM Mining Corp’s Nullagine Gold Project, which produced 543 Koz of gold @ 1.6 g/t between 2012 and 2019[4] and serves the 1.8 Mtpa Golden Eagle gold processing plant. The Mosquito Creek Basin is geologically comparable to the Mallina Basin, which hosts Northern Star Resources’ Hemi deposit (11.2 Moz)[1] .

Moho Resources Chairman, Mr Peter Christie said:

“The Bush Chook Project is in the heart of what we believe is an emerging gold hotspot in Australia. Demonstrated gold mineralisation, a world-class geological setting, and exploration underinvestment puts Moho Resources in a prime position to make the next Pilbara gold discovery. AIM Mining Corp, owned by Mark Creasy, neighbours our acreage and is currently active in the region, developing a new mining camp, upgrading roads and drilling their Blue Spec

1 Mineral Resources and Ore Reserves estimates as released to the ASX in De Grey’s announcement “Hemi Gold Project Mineral Resource Estimate 2024” on 14 November 2024.

2 DMPE Mineral Title Online Database (MTO)

3 Source: GSWA 500K Interpreted Bedrock Geology

4 Source: https://aimmining.com.au/nullagine-gold-project/

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Gold-Antimony Deposit (242 Kt Au @ 24.3 g/t Au and 1.6% Sb for 150 Koz Au and 3.8 Kt Antimony)[5] .

“Moho’s recent field work at Bush Chook has returned gold assays up to 28 g/t Au which follows historic assays of up to 14.9 g/t Au.

“There has been no drilling in these areas of outcropping gold mineralisation but we plan to change that. The Company is progressing low disturbance geological mapping and rock chip sampling while the licences are in application, which will facilitate rapid drill testing once the licences are granted.”

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Figure 1: The Mallina Basin and the Mosquito Creek Basin with major crustal faults and the location of Moho Resources Bush Chook Project and Northern Stars Mallina Project. (DMPE MINDEX Database – Site Resource Estimates and Site Production, GSWA Major Crustal Boundaries, GSWA Tectonic Provinces)

Recent field work confirms gold mineralisation

Field work conducted across the Bush Chook Project by Moho Resources in July identified outcropping ferruginous (gossanous) quartz veins and historic prospector workings. Rock chipping samples returned gold assays up to 28.6 g/t Au (refer Figure 2 and Table 1 below). This result follows the identification of six areas with outcropping gold mineralisation via a review of historic data showing gold assays up to 14.9 g/t Au (refer Figure 2 and Table 2 below). Notably, there has

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

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been no drilling in these areas of outcropping gold mineralisation.

In addition to the high-grade rock chips, multiple soil and stream sediment anomalies have been identified in the historic data. Some of these samples return up to 7.9 g/t Au (Refer Figure 4 below). There is approximately 6.5km[2] of anomalous areas based on a >32 ppb Au contour, again none of these areas have been drilled.

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Figure 2: Moho’s Bush Chook Project - significant rock chip results and known gold resources in the Mosquito Creek Basin[1] .

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Figure 3: Photos of high-grade rock chip samples and historic prospector workings located on the acquired licences.

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Figure 4: Soil and stream sediment anomalies at the Bush Chook Project, ~6.5km[2] anomalous area based on a >32 ppb gold contour.

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Mosquito Creek Basin – an emerging gold exploration hotspot

AIM Mining Corp acquired the Nullagine Gold Project in December 2023. The project produced 543 Koz of gold @ 1.6 g/t between 2012 and 2019 under the ownership of Millennium Minerals, and a further 128,000 oz between 2021 and 2022 under Novo Resources’ (ASX: NVO) ownership[6] .

AIM Mining has been active at Nullagine since acquisition, developing a new mining camp, upgrading roads and drilling their Blue Spec Gold-Antimony Deposit (242 Kt Au @ 24.3 g/t Au and 1.6% Sb for 150 Koz Au and 3.8 Kt Antimony)[7] .

The mine serves the 1.8 Mtpa Golden Eagle gold processing plant which is in good condition. Other mine infrastructure includes a 10 Mw power station, communications network, and water supply. The area has a well-established network of roads and tracks to the nearby townsite of Nullagine which is 200 km north of Newman.

The discovery of the Hemi deposit in 2019 led to a boom in exploration in the Mallina Basin, while exploration expenditure in the Mosquito Creek Basin contracted by 67% from ~$15 million per annum during 2016-2019 to only ~$5 million per annum from 2020 to 2023[8] .

Geology

The North Pilbara Craton composed of four distinct granite-greenstone terranes which are separated by major structural boundaries. Overlying and adjacent to these major structural boundaries formed two large sedimentary basins, the Mallina and Mosquito Creek Basins.

These two basins formed at the same time (~2.9 Ga) and are also host to a distinct and younger gold event which occurred at 2.9 Ga to 2.8 Ga[9] . There are several important similarities between the two basins including the formation of turbidite-hosted orogenic gold and gold-antimony deposits and a history of late felsic intrusion[10, 11] .

The Hemi deposit is hosted in one of these late intrusions which was discovered in 2019[12] . While no examples of intrusion-hosted gold mineralisation are known in the Mosquito Creek Basin, exploration activities have stagnated since 2019, with a 67% reduction in exploration expenditure in the basin since 2019[3] .

6 Source: https://aimmining.com.au/nullagine-gold-project/

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

8 DMPE Minerals Title Online (MTO) Database.

9 Blewett & Huston 1999, Deformation and gold mineralisation of the Archaean Pilbara Craton, Western Australia

10 Bagas et. al. 2008, Tectonic setting, evolution and orogenic gold potential of the late Mesoarchaean Mosquito Creek Basin, North Pilbara Craton, Western Asutralia.

11 Huston & Blewett 2002, Lode Gold and Epithermal deposits of the Mallina Basin, North Pilbara Terrain, Western Australia.

12 Tornatora, P, et. al., 2021 Discovery of the Hemi gold deposit – Redefining gold exploration in the Pilbara, Western Australia.

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Mallina Basin Mosquito Creek Basin
Tectonic setting Basin formed at the margin of the East
Basin formed at the margin of the East
Pilbara Terrane and the Central Pilbara Terrane and the Kurruna
Pilbara Tectonic Zone - separated by Terrane - separated by the Kurruna
the Tabba Tabba Shear Zone. East Shear Zone.
Sediments Conglomerate, sandstones, shales, Conglomerate, sandstones, shales,
siltstones, and wackes. siltstones, and wackes.
Intrusions Ultramafic sills, alkaline granites, Gabbroic sills, dolerites, hornblende-
High-Mg diorites, and high K quartz syenite to quartz monzodiorite.
monzogranite.
Metamorphic grade Greenschist. Greenschist.
Turbidite-hosted gold Withnell. Golden Eagle.
Gold-Antimony deposits
Peawah, Balla Balla.
Gold Spec, Blue Spec.
Intrusion-hosted gold Hemi, Toweranna.
deposits

Acquisition Terms

Moho Resources Limited (ASX: MOH) (Purchaser) has entered into a binding heads of agreement with Goldtimers Prospecting Pty Ltd (Goldtimers), for the acquisition of the prospecting licences listed in the tenement schedule and a binding heads of agreement to the issued capital in Moonlight Metals Pty Ltd (Moonlight ), the applicant for E45/1593, the terms of which are summarised below:

1. Goldtimers Prospecting Pty Ltd

a. Acquisition

100% acquisition (Acquisition) of the vendor rights, titles and interests in the prospecting licences set out in the tenement schedule (Licences).

b. Conditions Precedent

Completion of the Acquisition (Completion) is conditional upon the satisfaction or waiver of the following conditions precedent by 5.00pm (WST) on the date that is three (3) months following the execution date:

  • i. Due Diligence: The Purchaser will review the financial, legal, and technical details of the Licenses within 14 days of this agreement, to the sole satisfaction of the Purchaser.

  • ii. Grant of Licenses: The Licences being granted on terms acceptable to the Purchaser, acting reasonably.

  • iii. Regulatory Approvals: The parties obtaining all necessary government approvals or waivers required by the ASX Listing Rules, the Corporations Act or any other law to lawfully complete the agreement.

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  • iv. Third-Party Approvals: The parties obtaining all approvals and consents from third parties, including the Minister responsible for the Mining Act (if required), to lawfully complete the agreement.

  • v. Deeds of Assignment and Assumption: The parties and any relevant third parties (if required) signing deeds of assignment and assumption on terms acceptable to the parties for each third party agreement affecting the Licences.

c. Consideration:

  • i. A cash deposit of $30,000 payable on the Execution Date (Deposit), refundable if all Licences not granted on terms acceptable to the Purchaser.

  • ii. A cash payment of $30,000 payable on Completion (Cash Consideration).

  • iii. 12,000,000 shares in the capital of the Purchaser, subject to voluntary escrow for three months from Completion (Consideration Shares), to be issued out of placement capacity under Listing Rule 7.1.

2. Moonlight Metals Pty Ltd

a. Acquisition

100% acquisition (Acquisition) of the issued share capital of Moonlight, holder of Licence E46/1593 (the Tenement).

b. Conditions Precedent

Completion of the Acquisition (Completion) is conditional upon the satisfaction or waiver of the following conditions precedent by 5.00pm (WST) on the date that is twelve (12) months following the execution date:

  • i. Due Diligence: The Purchaser will thoroughly review the financial, legal, and technical aspects of Moonlight and its assets (including the Tenement) to the sole satisfaction of the Purchaser.

  • ii. Grant of Tenement: The Tenement being granted on terms acceptable to the Purchaser, acting reasonably.

  • iii. Royalty Deed: The parties agreeing the form of Royalty Deed, to be signed at Completion.

  • iv. Regulatory Approvals: The parties obtaining all necessary government approvals or waivers required by the ASX Listing Rules, the Corporations Act or any other law to lawfully complete the agreement.

  • v. Third-Party Approvals: The parties obtaining all approvals and consents from third parties, including the Minister responsible for the Mining Act (if required), to lawfully complete the agreement.

  • vi. Deeds of Assignment and Assumption: Moonlight, the Purchaser and any relevant third parties (if required) signing deeds of assignment and assumption on terms acceptable to all for each third-party agreement affecting the Tenement, to the extent required.

c. Consideration:

  • i. 24,000,000 shares in the capital of the Purchaser at Completion, to be issued out of placement capacity under Listing Rule 7.1, which will be subject to voluntary escrow for three months from the date of Completion.

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  • ii. 24,000,000 performance rights at Completion, to be issued out of placement capacity under Listing Rule 7.1, which will convert into shares upon the achievement of the following milestones:

  • 12,000,000 performance rights will convert if, within four years after Completion, the Purchaser announces a JORC-compliant Mineral Resource Estimate of at least 100,000 ounces of gold at not less than 2 g/t Au within the Tenement area.

  • 12,000,000 performance rights will convert if, within five years after Completion, the Purchaser announces a JORC-compliant Mineral Resource Estimate of at least 200,000 ounces of gold at not less than 2 g/t Au within the Tenement area.

d. Royalty

The vendors will also be granted a 2% net smelter return royalty in respect of all metals and minerals produced from the Tenement, subject to the terms of the Royalty Deed to be agreed as a condition precedent to Completion of the Acquisition.

Sampling Results

Table 1: Moho’s rock chip sampling

Sample ID EAST NORTH Grid ID SampleType
Comment
Au ppb Method
EX247960 209323
7580296
GDA94 z51 Rock Chip Ferruginous quartz vein 654 Aqua Regia
EX247961 209343
7580257
GDA94 z51 Rock Chip Ferruginous quartz vein 8 Aqua Regia
EX247962 209390
7580402
GDA94 z51 Rock Chip Ferruginous quartz vein 2 Aqua Regia
EX247963 209280
7580397
GDA94 z51 Rock Chip Ferruginous quartz vein -1 Aqua Regia
EX247964 209371
7580281
GDA94 z51 Rock Chip Ferruginous quartz vein 3 Aqua Regia
EX247965 233895
7583954
GDA94 z51 Rock Chip Ferruginous quartz vein 3030 Fire Assay
EX247966 233916
7583940
GDA94 z51 Rock Chip Ferruginous quartz vein 28625 Fire Assay
EX247967 229204
7580508
GDA94 z51 Rock Chip Ferruginous quartz vein 33 Aqua Regia
EX247968 229396
7580578
GDA94 z51 Rock Chip Ferruginous quartz vein 13 Aqua Regia
EX247969 228206
7580098
GDA94 z51 Rock Chip Ferruginous quartz vein 11 Aqua Regia
EX247970 220762
7578785
GDA94 z51 Rock Chip Ferruginous quartz vein 3261 Fire Assay
EX247971 221030
7578888
GDA94 z51 Rock Chip Ferruginous quartz vein 50 Aqua Regia
EX247972 221024
7578867
GDA94 z51 Rock Chip Ferruginous quartz vein 53 Aqua Regia

Table 2: Significant historic rock chip samples

Number Sample Number
East
North Grid Id Surface Sample Type
Au ppb
72078 800322 233875 7583971 GDA94 z51 ROCKCHIP 2540
93700 800003 234479 7588148 GDA94 z51 ROCKCHIP 501
112345 16BS261 209330 7580295 GDA94 z51 ROCKCHIP 6045
112345 16BS249 209329 7580295 GDA94 z51 ROCKCHIP 4167
112345 16BS248 209333 7580288 GDA94 z51 ROCKCHIP 2401

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Number Sample Number
East
North Grid Id Surface Sample Type
Au ppb
115986 TMR257 238441 7582010 GDA94 z51 ROCKCHIP 2770
127337 R06260 229267 7580529 GDA94 z51 ROCKCHIP 5606
127337 X10627 228179 7580103 GDA94 z51 ROCKCHIP 1717
127337 X10626 228182 7580096 GDA94 z51 ROCKCHIP 1482
127337 X10604 229911 7580595 GDA94 z51 ROCKCHIP 1481
128311 MPX103060 221027 7578874 GDA94 z51 ROCKCHIP 14941
128311 MCR090 220769 7578785 GDA94 z51 ROCKCHIP 13450
128311 MPX103057 220722 7578759 GDA94 z51 ROCKCHIP 9119

The historical soil and stream sediment sample details can be found in the follow WAMEX Areports:

67028, 72078, 74779, 74982, 77603, 78066, 79889, 80142, 81499, 81550, 81551, 81637, 81830, 81939, 81945, 81946, 81947, 81948, 81949, 81950, 81988, 81989, 81991, 81992, 81993, 81994, 81995, 81996, 81997, 81999, 82427, 82429, 82430, 82431, 82575, 82576, 82577, 82578, 82579, 82580, 82581, 82582, 82591, 82592, 82593, 82712, 82713, 82714, 82715, 82716, 82717, 82718, 82719, 82720, 82721, 82865, 82868, 82869, 84146, 84163, 88425, 88426, 88427, 88428, 98185, 101752, 103897, 105234, 106969, 112414, 114836 , 115986, 116834, 117452, 117814, 121318, 123985, 124105, 127337, 128258, and 128311.

Tenement Schedule

Tenement Status Holder Tenement Id
Pending Moonlight Metals Pty Ltd E 45/1593
Pending Goldtimers Prospecting Pty Ltd P 46/2138
Pending Goldtimers Prospecting Pty Ltd P 46/2196
Granted Goldtimers Prospecting Pty Ltd P 46/2198
Pending Goldtimers Prospecting Pty Ltd P 46/2214
Pending Goldtimers Prospecting Pty Ltd P 46/2216
Pending Goldtimers Prospecting Pty Ltd P 46/2218
Pending Goldtimers Prospecting Pty Ltd P 46/2219
Pending Goldtimers Prospecting Pty Ltd P 46/2220

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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 [email protected] [email protected] 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

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 exploration company exploring for gold and other minerals across Australia. 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. Moho has a strong and experienced Board with Mr Michael Pereira and Mr Bryce Gould, corporate advisors, both as Non-Executive Directors.

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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
techniques

Nature and quality of sampling (eg cut
channels, random chips, or specific specialized
industry standard measurement tools
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.
Include reference to measures taken to ensure


Moho’s samples were collected from
outcropping material, 1-3 kg of sample was
collected at each location.
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
to generate avenues for follow up work on
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
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)
the Project. Rock chip samples are to be
considered grab samples of outcrop,
subcrop or float material. Soil and stream
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.
Rock chip sample have had brief
geological descriptions to provide
geological context. Soil and stream
sediment samples have been sieved to a
variety of size fractions to reduce the effect
of nuggety gold.
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
recovery

Method of recording and assessing core and
chip sample recoveries and results assessed.

Not applicable
Not applicable.
Measures taken to maximise sample recovery
and ensure representative nature of the
Not applicable.
samples.
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
techniques
and sample
preparation




quarter, half or all core taken.
If non-core, whether riffled, tube sampled,
rotary split, etc and whether sampled wet or
dry.
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


Soil and stream sediment samples were
sieved in the field to a variety of particulate
sizes to reduce the effect of nuggety gold
and is considered appropriate for gold
exploration.
Soil sampling is an industry standard
technique utilised in first pass geochemical
sampling over suitable regolith landform
regions.
A variety of QAQC measure have been
implemented by the historic exploration
groups and these methods are considered
to be industry standard. Further details are
described in the relevant Areports.
grain size of the material being sampled.
Quality of
assay data
and
laboratory
The nature, quality and appropriateness of the
assaying and laboratory procedures used and
whether the technique is considered partial or
total.
Moho’s samples were analysed at Intertek
Laboratories in Perth for Aqua Regia digest
followed by fire asay for samples exceeding
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
of sampling
and
The verification of significant intersections by
either independent or alternative company
personnel.


Not applicable.
Not applicable.
The data from the Areports was carefully
assaying The use of twinned holes. 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. against tenement boundaries to ensure the
Quality and adequacy of topographic control. general location is correct.
MGA94 Zone 51
Not applicable
Data
spacing and
distribution


Data spacing for reporting of Exploration
Results.
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



The soil sampling has taken are a variety of
spacing include 80mx20m, 760mx20m,
360mx80m, and 40mx200m
This sample spacing is sufficient for first-
pass soil sampling for gold exploration.
Not applicable.
procedure(s) and classifications applied.
Whether sample compositing has been applied.

Some soil samples were composited over a
40m area to combine into one sample.

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Criteria JORC Code explanation JORC Code explanation Commentary Commentary
Orientation
of data in
relation to
Whether the orientation of sampling achieves
unbiased sampling of possible structures and
the extent to which this is known, considering
Sampling was general planned
perpendicular to the structural and bedding
trends of the Mosquito Creek Formation
geological the deposit type.
structure If the relationship between the drilling
orientation and the orientation of key
Not applicable.
mineralised structures is considered to have
introduced a sampling bias, this should be
assessed and reported if material.
Sample
security
The measures taken to ensure sample security. Moho’s geologist transported the samples to
the laboratory.
Audits or
reviews
The results of any audits or reviews of sampling
techniques and data.

Available data has been reviewed by
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.

15