MOHO RESOURCES LIMITED — Interim / Quarterly Report 2018

Jan 30, 2019

QUARTERLY ACTIVITIES REPORT TO 31 DECEMBER 2018

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31 January 2019
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SILVER SWAN NORTH

GOLD EXPLORATION

• High grade assay results received from individual 1 metre intervals from September 2018 RC drilling campaign at East Samson Dam prospect on M27/263

• Best intersection of 3.0 m @16.3 g/t Au from 100m, including 1.0 m @ 42.6 g/t Au in MRC012

• Drilling confirmed a number of gold zones at different depths, and extended known gold mineralisation to 220m along strike

• 51% legal and beneficial interest earned in key tenements M27/263 and E27/345

NICKEL EXPLORATION

• Major exploration program underway aimed at discovering highgrade nickel sulphide mineralisation at Silver Swan North Project

• High sensitivity SQUID EM survey initiated to follow up anomalies identified in historic EM and soil surveys and anomalous drill intersections

• Detailed ground-based gravity survey completed over Project area

• • Aboriginal Heritage Survey on key exploration areas completed

• Approval of co-funded drilling application for up to $150,000 from WA Government

• CSIRO ‘Kick-Start’ R&D geochemical fingerprinting program to identify nickel sulphide prospective geology approved

EMPRESS SPRINGS

• 87 reverse circulation and aircore reconnaissance vertical holes (5,727m) drilled to basement over selected exploration targets

• Comprehensive soil geochemical survey over whole tenement areas and in-fill over selected exploration targets completed

• Detailed ground-based gravity survey over tenement areas and selected exploration targets completed

• Land access and compensation agreements signed with relevant station owners

• Base camp established and access tracks refurbished

BURRACOPPIN

• Airborne EM survey completed over E70/4688

• Grant of adjoining E70/5154 significantly increases gravity anomalies to be tested

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SILVER SWAN NORTH GOLD EXPLORATION

Moho Resources Ltd’s (ASX:MOH) ( Moho or Company ) first drill program of 1 aircore and 21 reverse circulation drill holes totaling 2,079m of drilling yielded high grade 1 metre interval gold assay results from the East Samson Dam prospect on M27/263 at the Silver Swan North Project in Western Australia (Figure 1). The 1 metre interval sampling program was carried out to follow up the anomalous 4 metre composite assay results which were released to the ASX on 16 November 2018.

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Poseidon Silver Swan Mine & Black
Swan Nickel Processing Facility
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Figure 1: Moho’s Silver Swan North Project in relation to Poseidon Nickel Ltd’s Black Swan Nickel Processing Facility and Concentrator and the Silver Swan and Black Swan mines

The latest assay results at the East Sampson Dam prospect demonstrate the high-grade nature of the gold mineralisation and extend the mineralised zone along strike for at least 220m (Figure 2).

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Figure 2: East Samson Dam September 2018 Drill Hole Plan at Silver Swan North M27/263

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The recent results also indicate the existence of various gold zones observed down-hole, including near-surface supergene enrichment and multiple zones of primary gold mineralisation at depth (refer to cross-sections in Figures 3 to 6).

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Figure 3: Section 4 with 1m gold assay results

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Figure 4: Section 4A new section with 1m results

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Figure 5: Section 5 with New Assay Results

Figure 6: Section 5A new section with 1m results

Next Steps for Silver Swan North Gold Exploration:

• Accurate survey of the recent and historic drill holes within the prospect area

• Integration of new assay results with other geological and geophysical data, including recently acquired gravity survey and available airborne magnetic data

• Construction of new long section

• Planning and implementation of follow-up RC drill program in early 2019 to define distribution and limits of gold mineralisation at East Samson Dam Prospect and test new target areas

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SILVER SWAN NORTH NICKEL EXPLORATION

The Silver Swan North Project (Figure 1) is strategically located adjacent to Poseidon Nickel Ltd’s 2.2 Mt/year Black Swan Nickel Processing and Concentrator Facility and a number of nickel sulphide mines, including the high-grade, underground Silver Swan Mine and the Black Swan Open Pit Mine.

The Company believes that the Silver Swan North Project area is substantially under-explored and highly prospective for the discovery of nickel sulphide mineralisation.

Based on historical and recent exploration, Moho has compiled preliminary datasets, including regolith, geology, geochemical and structural considerations, resulting in the identification of the target areas for nickel sulphides and gold (Figure 7). The work programs undertaken by Moho during the period to December 2018 will provide new geophysical information which is expected to assist in identifying nickel sulphide targets.

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Poseidon Silver Swan Mine & Black
Swan Nickel Processing Facility
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Figure 7: Location of preliminary exploration targets for nickel sulphides and gold at the Silver Swan North Project, including large untested area in central north zone.

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The Company believes there may be significant untested ultramafic stratigraphy within the Silver Swan North Project area. In particular a large undrilled area in the central northern zone (Figure 7) is overlain by deep soil and alluvial cover, including magnetic gravels, which mask the magnetic signature of the underlying geology. Given its proximity to the nearby Silver Swan and Black Swan deposits, the Company therefore considers this area is a prime target area for nickel sulphide exploration.

Aboriginal Heritage Survey

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Figure 8: Survey traverses (in red) conducted by Aboriginal Heritage Consultant and Maduwongga people across the Silver Swan North Project area

An Aboriginal Heritage Survey was undertaken by a heritage consultant and involving traditional owners of the Maduwongga people in November 2018 (Figure 8). The final heritage report was received from the consultant giving full clearance for the area highlighted above.

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Detailed ground-based gravity survey

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Figure 9: Area covered by gravity survey

During the December quarter Moho completed a detailed, ground-based gravity survey of the Silver Swan North Project area (Figure 9). A total of 4,600 readings were recorded approximately every 50m along traverses 200m apart.

SQUID EM Survey

Gem Geophysics commenced an EM survey on the eastern margin of the Silver Swan North Project within E27/345. The program is designed to extend the EM coverage to the northern tenement boundary and provide more detail on existing high conductivity EM targets located on E27/345 in close proximity to the high-grade Silver Swan nickel deposit.

The EM survey used fluxgate and coil sensors at 50m stations along lines 200m apart and orientated E-W. The infill surveys over SSE1 and SSE2 used a high temperature JESSY SQUID with readings at 50m along lines 100m apart and orientated E-W.

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Application for Co-Funded Drilling Granted

Moho has designed an aircore drilling program for the central north area of the Silver Swan North Project and within E27/528. The program proposes 150 aircore drill holes with an estimated meterage of 12,000m with a drilling cost of $300,000 and an overall cost of about $400,000.

The program is designed to test the large undrilled area in the central northern zone (Figure 7). This area is overlain by deep soil and alluvial cover, including magnetic gravels which mask the magnetic signature of the underlying geology. Anomalous geochemical information generated from samples submitted for analysis will be used to identify targets for follow-up drill programs. The drill samples from this program will also be used in conjunction and in collaboration with the CSIRO using their Geochemical Fingerprinting R&D technology to locate and distinguish nickel sulphide prospective geology.

In October 2018 Moho submitted an application to the WA Government for a 2019 Co-Funded Drilling Grant up to the value of $150,000 and in December 2018 Moho was informed that it was successful in its application for this phase of co-funding.

CSIRO Kick-Start Geochemical Research and Development Program

Moho consider that obtaining an understanding of the location and extent of the Black Swan Komatiite Complex (BSKC) is vital to understanding further potential of magmatic nickel mineralisation in the area, especially on E27/345 (refer to Section 3.4 of the Independent Technical Assessment Report).

Moho has entered into a “Kick-Start” R&D research program with CSIRO to use geochemical “fingerprinting” of ultramafic units in drill-holes to distinguish and map stratigraphy considered to be prospective for nickel sulphide mineralisation. The program will build on CSIRO’s specific knowledge of the BSKC and will use methodologies generated by CSIRO to compare the geochemical character of drill samples obtained by Moho with host rocks at the Black Swan and Silver Swan mine to the southeast.

Next Steps Silver Swan Nickel Sulphide Exploration:

During the next quarter Moho proposes to:

• Undertake processing and analysis of data generated by recent detailed gravity and in-fill EM surveys

• Review and revise, if necessary, known nickel sulphide targets, including SSE1 and SSE2 located close to the high-grade Silver Swan deposit on E27/345, and SDE1 on M27/263 on the western margin of the Project area

• Prepare and submit Program of Works applications (where required) to the Department of Mines, Industry Regulation and Safety

• Undertake Stage 1 nickel sulphide RC and diamond drill program (Q1 2019)

• Identify potential new targets for nickel sulphides from detailed gravity and infill EM data, with a particular focus on the area under deep cover and magnetic gravels in the centre north of the project area

• In conjunction with CSIRO, utilise geochemical “fingerprinting” of ultramafic units in drill-holes to distinguish and map stratigraphy considered to be prospective for nickel sulphide mineralisation

• Undertake a major geochemical and stratigraphic aircore drill program across the area under cover to identify suitable host rocks for nickel sulphide mineralisation (H1 2019)

• Undertake Stage 2 nickel sulphide RC and diamond drill program (H1 2019)

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Moho’s Interest in Silver Swan Tenements

In July 2015 Moho entered into a farm-in and joint venture agreement with Odin Metals Ltd (ASX:ODM, then named Lawson Gold Ltd) ( Odin ) to earn up to 70% interest in M27/263 and E27/345 at the Silver Swan North Project.

On 12th November 2018 Moho announced to the ASX that, as per the terms of the farm-in agreement, it has provided Odin with evidence entitling Mho to earn a 51% legal and beneficial interest in M27/263 and E27/345. Moho also then confirmed its intention to continue progressing the farm-in to earn 70% by expending a total expenditure of $1M. At the date of notification to Odin Moho had expended approximately $550K. The formal transfer of Moho’s 51% interest in M27/263 and E27/345 has lodged by Moho and Odin with the relevant authorities.

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EMPRESS SPRINGS GOLD EXPLORATION

The Empress Springs Project comprises three adjacent exploration permits (EPM25208, EPM25209 and EPM25210) covering an area of 773 km² (Figure 10). The Croydon Goldfield, which extends from north of the town, contains over 300 gold occurrences with historical production estimated at 1.2 Moz of Au.

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Figure 10: District geology of the Empress Springs Gold Project area

Reconnaissance Drilling Program

The completed drill program was designed to target potential gold mineralisation at Empress Springs on the basis of Moho’s detailed airborne magnetic survey flown in April 2018, and previous geochemical surveys conducted by Avalon Resources in 2008. Broad-spaced first pass drilling along existing tracks has been conducted to penetrate through the 35 – 60 m of surface sediments and sample the bedrock interface and into the bedrock. (Figure 11).

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Figure 11: Proposed reconnaissance drill program over selected targets at Empress Springs Project for 2018

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Figure 12: Reverse circulation drilling in progress at Empress Springs in October 2018

A multi-purpose aircore and reverse drill rig was mobilised to Empress Springs on 27 October 2018. Three holes were drilled initially using the aircore system before switching to reverse circulation for faster drilling for the remainder of the program (Figure 12). In late November the Company brought in a second aircore rig that was able to cope better with the ground and water conditions encountered in the overlying sediments and it was used to complete the drilling program with a total of 87 holes and 5,727m drilled. Drilling along the north-south traverse over the Fishhooks prospect and Powerline prospect were not completed prior to demobilisation at the end of November2018.

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Individual 1.0m samples were composited into 4.0m intervals as drilling proceeded through the overlying sediments, with separate 1.0m samples retained near the interface with the weathered bedrock until the end of the holes.

Samples were submitted to the ALS laboratory in Townsville for partial acid digest and analysed for low level gold and a broad multi-element suite to detect any dispersion haloes from mineralisation in the bedrock units. The assay results are being checked and interpreted and will be released to the market shortly.

Detailed gravity survey

Geophysical crews from Atlas Geophysics Pty Ltd were mobilised to Empress Springs in late September to undertake a detailed, ground-based gravity survey (Figure 13).

The survey covered the exploration targets identified from the aeromagnetic airborne survey flown in April 2018 at a grid spacing of 250m x 250m; and provided a complete coverage over the Empress Springs project area at a spacing of 500m x 500m.

The survey was completed at the end of November 2018 with a total of 4,780 gravity readings taken. The data is being processed and analysed by Moho’s consultant geophysicist ExploreGeo Pty Ltd.

The gravity data will assist Moho in mapping the underlying bedrock on the basis of their relative density, particularly when integrated with the airborne magnetics. Some low density areas may indicate alteration of the underlying rocks by ore-forming fluids.

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Figure 13: Gravity stations at Empress Springs Figure 14: Termite mound geochemical sampling

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Moho undertook a soil geochemical survey to test the airborne magnetic and geochemical targets identified by past work at Empress Springs (Figure 14). Initial work involved the collection and assay of geochemical samples from termite mounds to validate and extend historical geochemical grids (Figure 15). Recent studies in other covered terrains have shown termite mounds to be a cost-effective way of subsurface geochemical sampling, as termites scavenge soil from deep beneath the ground surface.

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Figure 15: Example of termite mound samples for soil geochemistry at Empress Springs

Terra Search Pty Ltd was engaged in late September 2018 to carry out the termite geochemical sampling program. The objective of Phase 1 was to collect samples over a 1km x 1km grid over the entire Empress Springs Project area, totalling 1000 samples. Phase 2 infill sampling over selected historical targets was carried out on 500m x 500m centres. Material was sampled from the base of each termite mound and sieved to -80 micron in the field prior to packaging and submission to ALS for partial acid digest.

An orientation study involving 72 MMI soil samples was also undertaken to enable a comparison to be made between the effectiveness of Moho’s geochemical program and that carried out by Avalon Resources in 2008.

A total of 1,493 samples were collected during the soil geochemical program. Assays from the laboratory are being checked and interpreted prior to release to the market shortly.

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Land Access and Compensation Agreements

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Figure 16: Map showing access tracks at Mittagong Station for exploration activities (drilling on existing tracks)

Prior to the commencement of the airborne magnetic survey conducted in April 2018, Moho consulted with the station owners and operators at the Mittagong and Esmeralda Stations.

Subsequent negotiations with the Station Owners resulted in Land access and Compensation Agreements being signed with them in September and October 2018. This was followed by the commencement of phased exploration activities, including the refurbishment of tracks and fence lines, soil and gravity surveys and drilling activities (Figure16).

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Establishment of Exploration Base Camp

A base camp for exploration was established at Mittagong Bore, south of Mittagong Station Homestead, on EPM 25209. The camp included a mobile kitchen, an airconditioned “donga” for office and sleeping quarters, tents and ablution facilities (Figure 17).

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Figure 17: Moho’s exploration base camp at Mittagong Bore, October 2018

Aboriginal Heritage

Negotiations with the North Queensland Lands Council and the Tagalaka community have been ongoing throughout the year and community members were engaged as monitors during Moho’s drilling program. Moho staff are actively involved in training the community members in exploration techniques which could be used to secure employment in the future.

Petrology

Moho has submitted a comprehensive suite of 36 drilling samples for petrographic analysis by Craig Rugless of Pathfinder Exploration in order to more fully understand the lithologies and alteration present at Empress Springs. A report on his work is due shortly.

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Next Steps Empress Springs Gold Exploration

• Check and process assay results from soil geochemistry and reconnaissance drilling programs with results expected early February 2019

• Check and process gravity data with results expected early February 2019.

• Interpret and integrate data sets to identify potential new exploration targets (January 2019).

• Acquire, reprocess and interpret 2007 seismic data of line 07GA-IG1 from Geoscience Australia (Q2 2019).

• Preparations for next drill program for March April 2019 is underway (weather and rig availability permitting), including planning for heritage surveys and clearing for new drill target areas.

Moho’s Interest in Empress Springs Project

On 27 July 2016 the Company entered into a farm-in joint venture agreement with Independence Newsearch Pty Ltd (as amended on 6 April 2018) (INPL) pursuant to which the Company may earn up to a 70% interest in EP25208, EPM25209 and EPM25210, within the Empress Springs Project, in two stages:

• (a) Earn-in Right: The Company may:

• (i) earn a 51% interest in the tenements by expending $1,000,000 on exploration activities by 27 July 2019; and

• (ii) in the event that the 51% interest is earned, the Company has an additional right to earn a further 19% interest in the tenements by expending a further $1,400,000 within 4 years of acquiring its 51% joint venture interest.

• (b) Formation of Joint Venture:

On and from the date on which the Company earns a 51% interest in the tenements, the parties shall form an unincorporated joint venture for the purpose of exploring, and if warranted, developing and mining the tenements.

Following formation of the joint venture, the Company is proposed to be manager of the joint venture;

As at the end of the December 2018 quarter Moho had expended in excess of $1M as per the terms of the Farm-in Agreement for Moho to Earn 51% interest. On 30th January 2019 Moho formally, notified Independence Group Ltd that it believed it had met the requirements under the Farm-in Agreement to earn 51% interest in the tenements by having expended $1M in respect of the tenements and it would proceed to earn the 70%. Moho will provide evidence of the earn-in expenditure toenable the formal transfer of the 51% to Moho.

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BURRACOPPIN GOLD EXPLORATION

Moho reported in its prospectus a number of exploration targets at its Burracoppin Project (Figure 18). Targets 2 to 4, located within the Tampia Structural Corridor of the Southwestern Terrane, were derived from ground-based gravity measurements. Target 5 was also derived from ground-based gravity measurements but occurs within the Westonia Structural Corridor of the Southern Cross Domain of the Youanmi Terrane which also hosts Ramelias’ Edna May mine.

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Figure 18: Location of Burracoppin Gold Project in reference to known Southwest Terrane gold deposits and the Edna May Gold Mine at Westonia

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Figure 19: Location of the Burracoppin Gold Project exploration targets

Airborne EM Survey

During October 2018 Moho’s consultant geophysicist ExploreGeo Pty Ltd prepared an AEM survey to cover exploration gravity targets 1 – 4 over E70/4688 (Figures 19 and 20).

On 1 November 2018 Moho contracted New Resolution Geophysics Australia Pty Ltd to undertake an Xcite[TM] AEM survey involving 121 E-W flight lines spaced 200m apart for a total length of 478km. The helicopter flew approximately 70 metres above the survey area with a sensor coil slung 35 metres beneath (Figure 21). The survey concluded on 24 November 2018 and results are being assessed.

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Figure 20: Outline of proposed AEM survey (yellow outline) over E70/4688 (blue outline). Image base is gravity over airborne magnetics

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Figure 21: NRG helicopter undertaking AEM survey over E70/4688

Community Consultation and Land Access Agreements

Moho’s Burracoppin Project is mostly covered by private land. The Company consulted with landowners and occupiers about the potential impact of its proposed exploration programs and is in the process of negotiating land access and compensation agreements consistent with the Mining Act 1978 (WA).

About three weeks before the AEM survey land occupiers and residences potentially affected were contacted and a brief flyer describing the survey was hand-delivered to them at the time.

Grant of Adjoining E70/5154 Increases Gravity Targets

Moho was notified by the WA Department of Mines, Industry Regulation and Safety confirming the grant of tenement application E70/5154 on the 23[rd] November 2018. The granted tenement covers a number of gravity anomalies (Figure 19) which Moho intends to follow up with close-spaced ground gravity and aeromagnetic surveys in Q2, 2019 prior to testing with soil geochemistry, shallow auger drilling and geochemical analysis.

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Next Steps in Burracoppin Gold Exploration

• Receive and process AEM data, expected early February 2019

• Interpret and integrate data sets to identify new exploration targets (February 2019)

• Finalise land access and compensation agreements with private land owners/occupiers (Q1 2019)

• Design and implement auger drill program over exploration target areas identified by soil geochemistry, AEM and gravity surveys (Q1 2019)

• Initiate detailed gravity and aeromagnetic surveys within recently granted E70/5154 (Q2 2019)

Moho’s Interest in the Burracoppin Project Tenements

E70/5154: Moho owns 100% interest in the recently granted tenement E70/5154.

E70/4688: On 26 November 2015 the Company entered into a farm-in joint venture agreement with IGO pursuant to which the Company may earn up to a 70% interest in E70/4688, within the Burracoppin Project.

(a) Earn-in Right:

The Company may earn a 70% interest in E70/4688 via expending $450,000 on exploration activities on the tenement by 6 November 2019.

In the event that access to carry out field work, field surveys or drilling is prevented or severely restricted during the Earning Period due to interference with any farming activities, the time-frame may be extended up to one year under certain circumstances.

(b) Formation of Joint Venture:

On and from the date on which the Company earns a 70% interest in the tenement, the parties shall form an unincorporated joint venture for the purpose of exploring, and if warranted, developing and mining the tenement.

From the date of formation of the joint venture, IGO’s 30% interest will be free carried until completion of a pre-feasibility study. Upon completion of a pre-feasibility study, IGO may elect to either contribute pro-rata to ongoing work, or convert its 30% interest to a 10% free carried interest.

Following formation of the joint venture, the Company is proposed to be manager of the joint venture.

Moho has yet to earn an interest in E70/4688. As at the 31 December 2018 Moho had incurred about $200,000 in eligible farmin expenditure.

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Corporate

During the quarter the Company successfully completed an Initial Public Offer (IPO) for the issue of 26,507,500 shares to raise $5,301,500 (before costs). On 5 November 2018, the Company was admitted to the official list of the ASX and its securities commenced trading on 7 November 2018.

As at 31 December 2018 the Company had cash of $3.67M.

COMPETENT PERSONS STATEMENT

The information in this announcement that relates to Exploration Results is based on information and supporting documentation compiled by Mr Robert Affleck, Mr Max Nind and Mr Kim Frankcombe, who are Competent Persons and Members of the Australasian Institute of Geoscientists (AIG). Mr Affleck and Mr Nind full-time employees of Moho Resources Ltd. Mr Frankcombe is a consultant to Moho Resources Ltd. Mr Affleck and Mr Frankcombe hold shares in the Company.

Mr Affleck, Mr Nind and Mr Frankcombe all have sufficient experience relevant to the style of mineralisation under consideration and to the activity which is being undertaking to qualify as Competent Persons as defined in the 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Affleck, Mr Nind and Mr Frankcombe all consents to the inclusion in this announcement of the matters based on this information in the form and context in which it appears.

Note: Information on historical results, including JORC Code Table 1 information, is contained in the Independent Technical Assessment Report within Moho’s Prospectus dated 10 August 2018. Moho is not aware of any new information or data that materially affects the information included in the Prospectus.

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FORWARD LOOKING STATEMENTS

This Announcement is provided on the basis that neither the Company nor its representatives make any warranty (express or implied) as to the accuracy, reliability, relevance or completeness of the material contained in the announcement and nothing contained in the Announcement is, or may be relied upon as a promise, representation or warranty, whether as to the past or future. The Company hereby excludes all warranties that can be excluded by law. The Announcement contains material which is predictive in nature and may be affected by inaccurate assumptions or by unknown risks and certainties, and may differ materially from results ultimately achieved.

The Announcement contains “forward looking statements”. All Statements other than those of historical facts included in the Announcement are forward- looking statements including estimates of Minerals Resources. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied, by such forward-looking statements. Such risks include, but are not limited to, gold, nickel and other metals price volatility, currency fluctuations, increased production costs and variances in ore grade recovery rates from those assumed in mining plans, as well as political and operational risks and governmental regulation and judicial outcomes. The Company does not undertake any obligation to release publicly any revisions to any “forward-looking statement” to reflect events the date of the Announcement, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. All persons should consider seeking appropriate professional advice in reviewing the announcement and all other information in respect to the Company and evaluating the business, financial performance and operations of the Company.

Neither the provision of the Announcement nor the information contained in the Announcement or Subsequently communicated to any person in connection with the Announcement is, or should be taken as, constituting the giving of investment advice to any person.

The exploration results contained in this report were previously reported by the Company in its Announcements released to the ASX listed below. The Company confirms it is not aware of any new information or data that materially affects the information included in the Company’s previous announcement.

• High Grade One Metre Gold Assays At Silver Swan North - (19 December 2018)

• EIS Drilling Grant for Silver Swan North - (7 December 2018)

• Exploration Update for Burracoppin Project - (6 December 2018)

• Major Exploration Program Underway at Empress Springs - (26 November 2018)

• Major Nickel Sulphide Exploration Program Underway at Silver Swan North - (21 November 2018)

• Encouraging Gold Assays from Moho's First Drilling Program at Silver Swan North - (16 November 2018)

• Confirmation of Silver Swan North Earn-in - (12 November 2018)

• Exploration Update Silver Swan North - (8 November 2018)

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APPENDIX 1:- TENEMENT SCHEDULE

In line with obligations under ASX Listing Rule 5.3.3, Moho Resources provides the following information relating to its mining tenement holdings as at 31 December 2018.

PROJECT	TENEMENT	AREA (km2)	TENURE TYPE	STATUS	GRANT DATE	EXPIRY DATE	CHANGE IN INTEREST	MOH CURRENT INTEREST
SILVER SWAN NORTH (Western Australia)	E27/0345	11.01	EXPLORATION	GRANTED	11/27/2007	11/26/2019	51%	51%*
	E27/0528	20.45	EXPLORATION	GRANTED	11/10/2015	11/9/2020	100%	100%
	M27/0263	7.93	MINING	GRANTED	7/8/1997	7/7/2039	51%	51%*
	P27/2232	2	PROSPECTING	GRANTED	3/8/2016	3/7/2020	100%	100%
	E27/0613	14.8	EXPLORATION	APPLICATION
	P27/2390	0.93	PROSPECTING	APPLICATION
	P27/2402	2	PROSPECTING	APPLICATION
	P27/2403	1.24	PROSPECTING	APPLICATION
	P27/2404	1.46	PROSPECTING	APPLICATION
	P27/2405	1.42	PROSPECTING	APPLICATION
BURRACOPPIN (Western Australia)	E70/4688	123.15	EXPLORATION	GRANTED	11/6/2015	11/5/2020	0%	0%**
	E70/5154	161.19	EXPLORATION	GRANTED	11/23/2018	11/22/2023	0%	0%**
EMPRESS SPRINGS (QUEENSLAND)	EPM25208	281	EXPLORATION	GRANTED	08/04/2014	07/04/2019	0%	0%***
	EPM25209	291	EXPLORATION	GRANTED	08/04/2014	07/04/2019	0%	0%***
	EPM25210	200	EXPLORATION	GRANTED	08/04/2014	07/04/2019	0%	0%***

*The formal transfer of Moho’s 51% interest in M27/263 and E27/345 has been lodged by Moho and Odin with the relevant authorities. At the date of notification of earn-in to Odin, Moho had expended approximately $550,000.

** Moho has yet to earn an interest in E70/4688. As at the 31 December 2018 Moho had incurred about $200,000 in eligible farm-in expenditure.

*** As at the end of the December 2018 quarter Moho had expended in excess of $1M as per the terms of the Farm-in Agreement. On 30th January 2019 Moho formally, notified Independence Group Ltd that it believed it had met the requirements under the Farm-in Agreement to earn 51% interest in the tenements.

For further information please contact:

Shane Sadleir, Managing Director Ralph Winter, Commercial Director T: +61 411 704 498 T: +61 435 336 538 E: shane@mohoresources.com.au E: ralph@mohoresources.com.au