MOHO RESOURCES LIMITED — Interim / Quarterly Report 2022

Jul 28, 2022

QUARTERLY REPORT TO 30 JUNE 2022

HIGHLIGHTS:

Black Swan South Nickel prospect

• Review of historical geochemical assay data identified ultramafic lithologies potentially hosting nickel sulphide mineralisation within main magnetic anomaly 4.3 km SSW of Black Swan nickel mine

• 12 hole (~2,000m) RC drill program commenced to test up-dip lithologies of weak below-hole EM conductor in historic diamond drill hole and potential nickel sulphide targets identified by recent geochemical analysis

Omrah and Wise Nickel Targets

• RC 21SSC005 collar extended from 165m to total depth of 484.5m with diamond drilling to test Omrah EM anomaly

• No ultramafic lithologies observed and no anomalous nickel intersected in diamond core

• 1st Conductor intersected at 377.2m downhole and identified to be a black shale unit associated with massive pyrrhotite mineralisation

• 2nd Conductor intersected at 480m identified as large shear zone

• Hole cased for follow-up down-hole EM survey

• RC holes 21SSC011 – 21SSC014 drilled at Wise prospect all intersected ultramafic units and holes cased for down-hole EM surveys

Tyrells and Hodges Gold Prospects

• High grade bedrock gold mineralisation (3m @ 4.27 g/t Au from 106m) intersected in RC hole 21SSC009 close to Tyrell’s prospect

• Geochemical review of final 1m assays confirms multiple gold zones

• Follow-up drill targets over strike length of 1.2km outlined at Tyrells

• Manjimup Nickel/Copper/PGE Prospect

• Review of open file reports and government geophysical datasets identified geological, geochemical and geophysical features synonymous with Ni-CuPGE mineralisation:

• Folded, magnetically “high” fabric coincident with significant gravity anomaly

• Shape of mafic-ultramafic (MUM) complex interpreted from aeromagnetic data and basement geology analogous with well-known “eye” shaped mineralised Nova complex

• Base metal & PGE geochemical anomalies of historic soils and BOH drill samples confirm proof of concept and prospectivity for Ni-Cu-PGE mineralisation

Corporate and Management

• Received $974,562 through an oversubscribed placement with strong demand from sophisticated and professional investors

• Received ~$100,000 of EIS co-funded drilling grant from DMIRS

• Appointment of new Managing Director and Chief Geologist

29 July 2022

Moho Resources Ltd (ASX:MOH) (Moho or Company) is pleased to announce its quarterly results for the period ending 30 June 2022,.

Commenting on technical developments during the quarter, Managing Director Mr Ralph Winter said:

“Moho has made significant advances as we push forward for exploration success in 2022. With our renewed battery minerals exploration focus on its strategically placed projects the Company is perfectly placed to drive Company and shareholder value.”

“Moho’s early assessment of historic exploration data is that the Black Swan South prospect is significantly underexplored, particularly given its proximity to the high grade nickel sulphide mineralisation associated with the nearby Silver Swan and Golden Swan deposits. We are looking forward to the next phase of exploration with great anticipation and excitement.

“We’re very encouraged by the potential for additional gold mineralisation in the two main zones at Tyrells, north of East Sampson Dam. We’re looking forward to drill testing these areas as a priority in the near future.”

Summary of Operations:

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Figure 1: Silver Swan North tenements in relation to interpreted regional geology, current nickel and gold exploration targets and Poseidon’s Black Swan Nickel Operation

During the quarter Moho’s exploration activities were focused on the gold and nickel prospects at the Silver Swan North Project, located about 40km NNE of Kalgoorlie and the nickel/copper/PGE project near Manjimup in Western Australia.

Black Swan South Nickel Prospect (E27/623)

The Black Swan South Nickel prospect is a zone of ultramafic rocks identified from historical drilling, south of the Silver Swan nickel mine. The prospect is associated with a prominent, elliptical shaped magnetic anomaly, approximately 600 m long and bound on its western side by an interpreted major, NW trending structure.

During the previous quarter Moho provided the results of a re-evaluation of the historic down hole electromagnetic survey (DHEM) from diamond drill hole (DDH) 08NBSD0060. A possible, weak off hole conductor was identified from the end of the hole about 100 m to the south.

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Figure 2: Stacked sections of Lithogeochemical interpretation of historic drilling data over magnetic anomaly at Black Swan South nickel prospect

During the current quarter the Company provided the results of a detailed assessment of historical geochemical assay data which has identified geochemical targets prospective for nickel sulphide mineralisation for drill testing (Figure 2).

Key outcomes of the geochemical review were:

• Targets prospective for nickel sulphide mineralisation were identified for drill testing

• Ultramafic lithologies with potential to host nickel sulphide mineralisation were interpreted within the main magnetic anomaly 4.3 km SSW of Black Swan nickel mine

• A poorly tested basal contact of ultramafic rocks was identified extending over 700m

• Potential nickel sulphide hosts were identified on three historic drill sections

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Figure 3: Proposed RC drillholes to test geochemical targets near interpreted basal contact and up-dip lithologies of down-hole EM target near base of diamond hole 08NSBD0060 at Black Swan South Nickel Prospect. Image is 1VD magnetic intensity

On the basis of the reviews of historic geophysical and geochemical data, Moho commenced a first phase of ~2,000m of Reverse Circulation (RC) drilling in late June. 12 drill holes were planned varying from 110m to 200m deep to test for the presence of nickel sulphides and validate the foot wall contact of a komatiite unit present on E27/623 (Figure 3). At least three of the planned deeper holes would be cased with PVC to facilitate a future downhole EM survey.

Next Steps:

• Completion of RC drill program

• Logging, pXRF and interpretation of RC drill chips

• Receipt and report assay results

• DHEM survey of selected RC holes

• Possible ground EM survey over magnetic anomaly to assess potential for further nickel targets

• Diamond drilling of potential down-hole EM targets

EIS Grant to Drill Test Omrah and Wise Nickel Targets

During the quarter the Company provided an exploration update on the Reverse Circulation (RC) and diamond drilling programs carried out at the Omrah and Wise Nickel prospects in late 2021 /early 2022 within the Silver Swan North project

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Figure 4: RC Collar locations

Nickel Targets:

The identification of the Omrah and Wise nickel targets in 2021 followed the review of geological and geophysical data by Moho’s exploration team. Moho was awarded a grant of $150,000 under the Exploration Incentive Scheme (EIS) program by the West Australian Government to test for massive nickel sulphide mineralisation at the Omrah and Wise nickel prospects. The EIS grant covers up to 50% of direct drilling costs associated with the RC and diamond drilling program.

RC Drilling Program:

14 RC holes were completed on 22 January 2022 totaling 3,060 metres of drilling (Figure 4).

Lithogeochemistry confirmed that drillholes 21SSC001 – 008 failed to intersect any ultramafic lithologies or any visible sulphide mineralisation > 1%. pXRF analysis indicated that no anomalous nickel greater than 1,000ppm Ni was intersected.

The RC drilling was unable to penetrate to a depth in which the EM conductor could be intercepted in 21SSC005, requiring follow-up diamond drill testing.

21SSC011 – 21SSC014 were drilled into the “Wise” prospect, with all 4 drillholes intersecting ultramafic units. Preliminary XRF data shows no anomalous nickel was intersected. No visible sulphides (>1%) were evident in the logging.

Gold Mineralisation:

High grade bedrock gold mineralisation was intersected in RC hole 21SSC009 close to Tyrell’s gold prospect within a broad envelope of gold mineralisation (Table 1):

• 3m @ 4.27 g/t Au from 106m including 1m @ 11.6 g/t Au from 106m

• 2m @ 0.42 g/t Au from 110m

• 2m @ 0.79 g/t Au from 113 including 1m @ 1.24 g/t Au from 113m

• Mineralisation located within broader 29m-wide anomalous envelope averaging 0.5g/t Au

The gold mineralisation is contained in a felsic volcanic unit associated with minor pyrite mineralisation and quartz veining. The mineralised interval shows elevated arsenic concentrations and iron oxidation of volcanic units which bear resemblance to mineralised structures intersected at Moho’s East Sampson Dam gold deposit.

T able 1: Significant Intersections 21SSC009:

HoleID	From	To	Interval (m)	Grade (g/t Au)	Significant intercept
21SSC009	106	109	3	4.27	3m @ 4.27 g/t Au from 106m including1m @ 11.6g/t Au from 106m
21SSC009	110	112	2	0.42	2m @ 0.42 g/t Au from 110m
21SSC009	113	115	2	0.79	2m @ 0.79 g/t Au from 113 including1m @ 1.24g/t Au from 113m

*Down-hole length, true width not known

Diamond Drilling Program:

Only 1 hole was drilled for a total of 319.4m (484.5m total depth), extended from bottom of hole of 21SSC005. The conductor was intersected at 377.2m and identified to be a black shale unit associated with massive pyrrhotite mineralisation. Re-modelling of the EM data indicated an additional conductor sitting at +-480m downhole and the hole was extended to intersect it. The second conductor was logged to be a shear zone, indicated by extremely broken up core, loss of water reported by the driller and oxidation of drill core. No ultramafic lithologies were observed in the core of diamond drillhole 21SSC005 and no anomalous nickel has been intersected (based on pXRF data).

Although drilling program has failed to intersect any nickel sulphide mineralisation it has opened up the Wise prospect for further exploration

Next Steps:

• Down-hole EM surveying of diamond hole and selected RC holes

• Geochemical review of greater Silver Swan North Project

• Drilling of updated geochemical and geophysical targets

Tyrells and Hodges Gold Targets

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Figure 5: Significant intersections (>0.5g/t Au) and maximum gold values from 1m split samples in 2021 aircore drilling at Tyrells and Hodges prospects in relation to East Sampson Dam (overlain on magnetics).

During the quarter final assay results were received from the 2021 aircore program at the Tyrells and Hodges gold prospects. Consultant geochemist Richard Carver of GCXplore Pty Ltd reviewed and interpreted the results in the context of the lithogeochemistry and geology of the prospect areas.

The Aircore drilling located the sources of the historical soil and auger anomalies. The best 4m intervals had been reassayed at 1m sub samples which showed 22 samples with gold assays over a 1g/t ie 1ppm, including three samples in the 3 - 4g/t range.

Assay results of 1m single metre samples have confirmed and, in places, upgraded the gold results from the 4m composites from the 2021 aircore drilling program (Figure 9). Table 1 outlines the significant intercepts >0.5g/t Au received..

Table 2: Significant Intercepts > 0.50g/t Au from 1m split samples in 2021 aircore drilling at Tyrells and Hodges prospects. Intercepts have been calculated using a 0.5g/t Au lower cut with a maximum internal dilution of 2m.

Hole ID	From (m)	To (m)	Interval (m)	Grade (g/t Au)	Significant Intercept >0.5g/t Au, 2m max internal dilution
SSA0016	18	21	3	1.61	3m @ 1.61 g/t Au from 18m including 1m @ 3.04g/t Au from 20m
SSA0059	44	45	1	0.61	1m @ 0.61g/t Au from 44m
SSA0085	37	38	1	0.84	1m @ 0.84g/t Au from 37m
SSA0091	35	36	1	1.26	1m@1.26g/t Au from 35m
	49	54	5	1.57	5m @ 1.57g/t Au from 49m including 2m @ 2.20g/t Au from 51m
SSA0092	36	37	1	0.58	1m @ 0.58g/t Au from 36m
SSA0093	16	17	1	2.33	1m @ 2.33g/t Au from 16m
SSA0093	24	25	1	1.81	1m @ 1.81g/t Au from 24m
SSA0100	45	46	1	1.26	1m @ 1.26g/t Au from 45m
SSA0101	28	29	1	2.47	1m@ 2.47g/t Aufrom 28m
	31	32	1	0.7	1m@0.70g/t Au from 31m
	38	40	2	2.16	2m @ 2.16g/t Aufrom 38m
SSA0106	78	80	2	1.47	2m @1.47g/t Au from 78m
SSA0145	14	21	7	1.59	7m @ 1.59g/t Au from 14m including 2m @ 2.75g/t Au from 16m
SSA0146	50	60	10	0.98	10m @ 0.98g/t Au from 50m including 1m @ 1.92g/t Aufrom 51m
SSA0148	50	53	3	0.82	3m @ 0.82g/t Au from 50m

The assay results have focused attention on a number of areas to test below the refusal depth of the drilling and the supergene blanket. Follow-up drill targets at Tyrells have a combined NNW-trending strike length of 1.2km, represent the two main gold mineralised trends and are considered a priority.

Next Steps:

• Aircore drilling to test continuity and strike extensions of two main mineralised zones at Tyrells prospect

• • RC drilling to test extent and grade of gold mineralisation below refusal depth of aircore drilling and supergene blanket following receipt of aircore drilling results

Manjimup Nickel/Copper/PGE Project

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Figure 6: Location of E70/5762 or Manjimup Project (cyan polygon) and major mineral occurrences (stars) over 500k GSWA regional geology and major town locations (black squares)

During the quarter Moho provided an exploration update on the Manjimup Ni-Cu-PGE project in Western Australia which was recently acquired from Whistlepipe Exploration Pty Ltd (“WPEX”). The principals of WPEX were instrumental in the discovery of the World Class Gonneville nickel, copper and platinum group elements (PGEs) mineralisation in the Julimar mafic/ultramafic intrusive complex.

The Manjimup Project comprises Exploration Licence E70/5762 which was granted to WPEX in July 2021. E70/5762 consists of 13 graticular blocks covering about 30 km2 and is located 250km south-east of Perth and 25km east of Manjimup in Western Australia (Figure 2). The tenement straddles State Forests and freehold land (Figure 6).

The Manjimup Project sits within the South-West Terrane of the Yilgarn Craton in Western Australia. The project covers the suture between the Archean Yilgarn Craton and the Proterozoic Albany Fraser mobile belt. E70/5762 is interpreted to sit at/near the triple junction of the Archaean Balingup and Boddington Terranes and the Northern Foreland (Proterozoic block) sub-terrane.

Using the consulting services of WPEX, Moho has undertaken a comprehensive review of historical open file exploration data and State Government geological, geochemical, and geophysical data sets. Key highlights of the work completed is listed below:

• No relevant and systematic Ni-Cu-PGE exploration completed by previous explorers.

• Wide spaced BLEG survey identified local Ni-Cu-PGE enrichment over E70/5762 (Figure 7).

• Shallow RC drilling completed to certain areas of the tenement and targeting mineral sands (Rutile).

• Drilling reports indicate explorable shallow cover on E70/5762, and geological observations of the basement confirm the presence of mafic intrusive and mica-schists (potential meta-sediments and sulfur source).

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Figure 7: E70/5762 Manjimup Project (blue line) with BLEG Cu and Pd anomaly contours and BOH geology (historic data) over regional aeromagnetic imagery

The Manjimup Project shares many similarities with the surrounding world-class deposits of the South-West terrane and Nova-Bollinger in the AFO, including:

• Located on a major and deeply seated WNW-trending fault, intersecting a major EW trending terrane boundary (Manjimup Lineament

• Proximity to a craton boundary

• Archean to Proterozoic terranes

• Presence of local folding or doming

• Local indication of mafic-ultramafic (MUM) intrusions

• Proximal Ni-Cu-PGE enrichment (Rocky Gully Prospect, Yornup Igneous Province).

• Geochemical surface response coherent with anomalous MUM complex.

• Non-magnetic mafic intrusions (not serpentinised) alike to Nova-Bollinger.

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Figure 8: E70/5762 Location and GSWA Yilgarn Laterite Samples (Chrome values) over Regional Gravity Imagery (1VD) showing the Manjimup Tenure and gravity anomaly (proxy for mafic intrusions) located on a key structural intersection adjacent to a large igneous province (elevated chrome values as proxy)

The review of open file WAMEX reports and government geophysical datasets at the Manjimup Project has identified geological, geochemical and geophysical features synonymous with Ni-Cu-PGE mineralisation:

• Folded, magnetically “high” fabric coincident with a significant gravity anomaly

• Shape of mafic-ultramafic (MUM) complex interpreted from aeromagnetic data and basement geology analogous with well-known “eye” shaped mineralised Nova complex (Figure 17)

• Base metal & PGE geochemical anomalies of historic soils and BOH drill samples confirm proof of concept and emphasise the prospectivity for Ni-Cu-PGE mineralisation.

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Figure 9: Same scale, target comparison between the Manjimup and Nova Project

During the quarter Moho submitted a Dieback Management Plan to the DMIRS and commissioned a Level 1 Fauna & Flora desktop survey.

Next Steps:

• Orientation soil sampling survey and geological mapping

• Landowner engagement and land access agreements

• Level 2 fauna and flora surveys

• Geophysical surveys (ground gravity and electromagnetic)

Empress Springs Gold Project

No work was undertaken at Empress Springs due to an extended wet season, availability of a suitable drill rig to drill the target areas, and a shortage of experienced staff limiting the Company’s ability to conduct further exploration.

Executive and Management Changes

Founding Managing Director Mr Shane Sadleir retired effective 1 July 2022 to spend more time on family and private business interests. Mr Sadleir continues to act in in a non-executive director capacity and provide technical and corporate services to the Company on a part time basis as required.

Commercial Director Mr Ralph Winter was appointed Managing Director, effective from the same date. Mr Winter is also a founding director of Moho and is familiar with all operational aspects of the Company.

On 6 June 2022 Moho appointed Mr Wouter Denig as Chief Geologist. Wouter holds 30 years mineral exploration experience and was previously employed with Codrus Minerals as Chief Geologist, overseeing exploration targeting across Silver Swan South and Red Gate projects in WA. Prior notable employment includes time spent in exploration leadership positions with companies such as Western Areas, IGO, MPI & Polaris Metals exploring for nickel sulphides, base metals and gold throughout WA. Wouter holds a Master’s Degree Geology Major in Structural Geology.

Corporate

In May 2022 Moho Resources raise $974,562 through a placement at an issue price of $0.033 (3.3 cents) each (Placement). The bookbuild was oversubscribed with strong demand from sophisticated and professional investors. Placement of a total of 29,532,169 new fully paid ordinary shares (Shares). Proceeds from the Placement will be used for general working capital and applied to exploration at Moho’s projects, including RC drilling and DHEM at the company’s Black Swan South prospect and initial exploration activities at the Company’s Manjimup project.

Moho will issue one (1) free attaching unlisted option (Option) for every one (1) Placement Share issued. The Options will be exercisable at A$0.05 (5 cents) with an expiry date of 31 January 2024. RM Corporate as lead manager to the placement will be issued upon shareholder approval 2,529,507 shares and 2,529,507 options in lieu of a $25k Sign-on fee and lead manager fee of $58,474, being 6% of the funds raised. The free attaching options and Lead Manager Shares are subject to shareholder approval at a general meeting scheduled to occur on, 19 August 2022.

Also during the quarter the Company received ~$100,000 as part of the EIS co-funded drilling program. The EIS grant was related to RC and diamond drilling program conducted at the Wise and Omrah targets within the Silver Swan North project.

As a condition precedent of the acquisition deal with Yandal Resources, the Company received a payment of $55,000 from Yandal to advance the completion the transaction. Final documentation has been lodged with the OSR and DMIRS for processing.

Financial Commentary – 30 June 2022

The Company’s Quarterly Cashflow Report (Appendix 5B) follows this activities report. The Company had $872k in cash as at 30 June 2022. Exploration Expenditure for the quarter was $211k with most of this expenditure being associated with the drilling activities at the Omrah and Wise prospects and further exploration activities Tyrells and Hodges prospects and initial investigations of the Black Swan South and Manjimup prospects.

The total amount paid to related parties of Moho and their associates, as per item 6.1 of the Appendix 5B, was $82k. Included in this amount is $62k for Directors fees, salaries and superannuation and $20k paid to Deadset Visuals Pty Ltd, a related party of Ralph Winter for graphic, drafting and online design services. The amount paid to related parties of Moho and their associates, as per item 6.2 of the Appendix 5B, was $70k for Directors salaries.

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 at 30 June 2022.

PROJECT	TENEMENT	AREA (km2)	TENURE TYPE	STATUS	GRANT DATE	EXPIRY DATE	INTEREST CHANGE	CURRENT INTEREST
SILVER SWAN NORTH (WA)	E27/0528	20.45	EXPLORATION	GRANTED	11/10/2015	11/9/2020	-	100%
	M27/0263	7.93	MINING	GRANTED	7/8/1997	7/7/2039	-	100%
	P27/2232	2	PROSPECTING	GRANTED	3/8/2016	3/7/2020	-	100%
	P27/2390	0.92	PROSPECTING	GRANTED	4/2/2019	3/2/2023	-	100%
	E27/0613	5	EXPLORATION	GRANTED	27/8/2019	23/8/2023	-	100%
	E27/0626	4	EXPLORATION	GRANTED	17/7/2020	16/7/2025	-	100%
	M27/488	0.55	MINING	OPTION	14/7/2015	13/7/2036	-	0%
	P27/2229	1.98	PROSPECTING	OPTION	30/11/2015	29/11/2023	100%	100%
	P27/2200	1.94	PROSPECTING	OPTION	23/2/2015	22/2/2023	100%	100%
	P27/2226	1.85	PROSPECTING	OPTION	16/11/2015	15/11/2023	100%	100%
	P27/2216-8	0.28	PROSPECTING	OPTION	15/10/2015	14/10/2023	100%	100%
	E27/0623	14	EXPLORATION	GRANTED	14/12/2021	13/12/2026	-	100%
	E63/2162	7	EXPLORATION	GRANTED	21/12/2021	20/12/2026	-	100%
	E63/2163	75	EXPLORATION	GRANTED	21/12/2021	20/12/2026	-	100%
BURRACOPPIN (WA)	E70/4688	123.15	EXPLORATION	GRANTED	6/11/2015	11/5/2020	-	70%
	E70/5154	161.19	EXPLORATION	GRANTED	23/11/2018	11/22/2023	-	100%
	E70/5301	1	EXPLORATION	GRANTED	25/03/2020	24/03/2025	-	100%
	E70/5302	1	EXPLORATION	GRANTED	25/03/2020	24/03/2025	-	100%
	E70/5300	26	EXPLORATION	GRANTED	15/7/2020	14/7/2025	-	100%
	E70/5739	66	EXPLORATION	GRANTED	28/05/2021	27/05/2026	(100%)	0%
	E70/5299	37	EXPLORATION	GRANTED	7/7/2021	6/7/2026	-	100%
	E77/2671	39	EXPLORATION	GRANTED	9/7/2021	8/7/2026	-	100%
MANJIMUP (WA)	E70/5762	29	EXPLORATION	GRANTED	26/07/2021	25/07/2026	100%	100%
PEAK CHARLES (WA)	E63/2162 E63/2163 E74/695	7 73 389	EXPLORATION EXPLORATION EXPLORATION	GRANTED GRANTED GRANTED	21/12/2021 21/12/2021 6/1/2022	20/12/2026 20/12/2026 5/1/2027	- - -	100% 100% 100%
CHORKERUP FARM(WA)	E70/5947	299	EXPLORATION	GRANTED	20/01/2022	19/01/2022	-	100%
STIRLING RANGE NORTH(WA)	E70/5945	40	EXPLORATION	GRANTED	20/01/2022	19/01/2027	-	100%
TAMBELLUP (WA)	E70/5946 E70/6008	132 110	EXPLORATION EXPLORATION	GRANTED GRANTED	20/01/2022 4/03/2022	19/01/2027 3/3/2027	- -	100% 100%
WELD RANGE NORTH(WA)	E20/1012	13	EXPLORATION	GRANTED	22/07/2022	22/07/2027	100%	100%
EMPRESS SPRINGS (QLD)	EPM25208	281	EXPLORATION	GRANTED	8/4/2014	7/4/2024	-	70%
	EPM25209	291	EXPLORATION	GRANTED	8/4/2014	7/4/2024	-	70%
	EPM25210	200	EXPLORATION	GRANTED	8/4/2014	7/4/2024	-	70%
	EPM27193	48.9	EXPLORATION	GRANTED	3/12/2019	2/12/2024	-	100%
	EPM27199	325.1	EXPLORATION	GRANTED	3/12/2019	2/12/2024	-	100%
	EPM27200	6.5	EXPLORATION	GRANTED	3/12/2019	2/12/2024	-	100%
	EPM27194	276	EXPLORATION	GRANTED	21/01/2020	20/01/2025	-	100%
	EPM27195	236	EXPLORATION	GRANTED	21/01/2020	20/01/2025	-	100%
	EPM27196	275	EXPLORATION	GRANTED	21/01/2020	20/01/2025	-	100%
	EPM27197	272	EXPLORATION	GRANTED	21/01/2020	20/01/2025	-	100%
	EPM27198	172	EXPLORATION	GRANTED	21/01/2020	20/01/2025	-	100%

PREVIOUS ASX RELESASES BY MOHO REFERENCED IN THE REPORT

• Black Swan South Nickel Prospect Exploration Update (31 Mar 2022)

• Exploration Update – Tyrells and Hodges Gold Prospects (13 April 2022)

• Exploration Update – Silver Swan North (29 April 2022)

• Nova ‘Eye’ Lookalike at Mandurah Ni-Cu-PGE Project (2 May 2022)

• Positive Geochemical Nickel Review of Black Swan South (6 May 2022)

• Moho Completes Capital Raising to Advance Ni/PGE Exploration (26May 2022)

• 2,000m RC Drill Program to Commence at Black Swan South (21 June 2022)

COMPETENT PERSONS STATEMENTS

The information in this announcement that relates to Exploration Results, geology and data compilation of the Tyrells and Hodges gold prospects is based on information and supporting documentation compiled by Mr Richard Carver, a Competent Person who is a Member of the Australian Institute of Geoscientists. Mr Carver is a consultant to the Company and holds shares in the Company.

Mr Carver has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which she is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Carver consents to the inclusion in this announcement of the matters based on this information in the form and context in which it appears.

The information in this announcement that relates to Geophysical Interpretation of the Black Swan nickel prospect is based on information and supporting documentation compiled by Mr Kim Frankcombe, and Exploration Results is based on information and supporting documentation compiled by Mr Max Nind, both of whom are Competent Person’s and Members of the Australian Institute of Geoscientists (MAIG). Messrs. Frankcombe and Nind are consultants to Moho Resources Limited, with Mr Frankcombe also holding shares in the Company.

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

The information in this announcement that relates to Geophysical Interpretation is based on information and supporting documentation compiled by Mr Jacob Paggi, and Exploration Results is based on information and supporting documentation compiled by Mr Morgan Frejabise, whom are respectively Competent Person’s and Members of the Australian Institute of Geoscientists (MAIG) and the Australian Society of Exploration Geophysicists (MASEG). Mr Frejabise and Mr Paggi act as consultants to the Company through Whistlepipe Exploration Pty Ltd and they both hold shares in the Company.

Messrs. Paggi and Frejabise have sufficient experience relevant to the style of mineralisation under consideration and to the activity which is being undertaking to qualify as Competent Person’s as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Paggi and Mr Frejabise consent to the inclusion in this announcement of the matters based on this information in the form and context in which it appears.

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ABOUT MOHO RESOURCES LTD

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Manjimup Ni/Cu/PGE
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Moho Resources Ltd is an Australian mining company which listed on the ASX in November 2018. The Company is actively exploring for nickel, PGEs and gold at Silver Swan North, Manjimup and Burracoppin in WA and Empress Springs in Queensland.

Moho’s Board is chaired by Mr Terry Streeter, a well-known and highly successful West Australian businessman with extensive experience in funding and overseeing exploration and mining companies, including Jubilee Mines NL, Western Areas NL and current directorships in Corazon Resources, Emu Nickel and Fox Resources.

Moho has a strong and experienced Board lead by Managing Director Ralph Winter, Shane Sadleir a geoscientist, as NonExecutive Director and Adrian Larking a lawyer and geologist, as Non-Executive Director.

Moho’s Chief Geologist Wouter Denig and Senior Exploration Geologist Nic d’Offay are supported by leading industry consultant geophysicist Kim Frankcombe (ExploreGeo Pty Ltd) and experienced consultant geochemists Richard Carver (GCXplore Pty Ltd). Dr Jon Hronsky (OA) provides high level strategic and technical advice to Moho.Moho’s Senior Exploration Geologist Nic d’Offay is supported by leading industry consultant geophysicist Kim Frankcombe (ExploreGeo Pty Ltd) and experienced consultant geochemists Richard Carver (GCXplore Pty Ltd). Dr Jon Hronsky (OA) provides high level strategic and technical advice to Moho.

ENDS

The Board of Directors of Moho Resources Ltd authorised this announcement to be given to ASX.

For further information please contact:

Ralph Winter, Managing Director T: +61 435 336 538 E: ralph@mohoresources.com.au

Rule 5.5

Appendix 5B

Mining exploration entity or oil and gas exploration entity quarterly cash flow report

Name of entity

Moho Resources Limited ABN Quarter ended (“current quarter”) 81 156 217 971 30 June 2022

Consolidated statement of cash flows	Current quarter $A’000	Year to date (12 months) $A’000
1. Cash flows from operating activities 1.1 Receipts from customers 1.2 Payments for (a) exploration & evaluation (b) development (c) production (d) staff costs (e) administration and corporate costs 1.3 Dividends received (see note 3) 1.4 Interest received 1.5 Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Government grants and tax incentives 1.8 Other (provide details if material) 1.9 Net cash from / (used in) operating activities	- - - - (98) (24) - - - - - -	- - - - (407) (435) - - (2) - - -
	(122)	(844)
2. Cash flows from investing activities 2.1 Payments to acquire or for: (a) entities (b) tenements (c) property, plant and equipment (d) exploration & evaluation (e) investments (f) other non-current assets	- - - (211) - -	- - (30) (1,999) - -

ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms.

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Appendix 5B

Mining exploration entity or oil and gas exploration entity quarterly cash flow report

Consolidated statement of cash flows	Current quarter $A’000	Year to date (12 months) $A’000
2.2 Proceeds from the disposal of: (a) entities (b) tenements (c) property, plant and equipment (d) investments (e) other non-current assets 2.3 Cash flows from loans to other entities 2.4 Dividends received (see note 3) 2.5 Other (provide details if material) - R&D Refund (net of costs) 2.6 Net cash from / (used in) investing activities	- - - - - - - - -	- - - - - - - - 527
	(211)	(1,502)
3. Cash flows from financing activities 3.1 Proceeds from issues of equity securities (excluding convertible debt securities) 3.2 Proceeds from issue of convertible debt securities 3.3 Proceeds from exercise of options 3.4 Transaction costs related to issues of equity securities or convertible debt securities 3.5 Proceeds from borrowings 3.6 Repayment of borrowings 3.7 Transaction costs related to loans and borrowings 3.8 Dividends paid 3.9 Other – lease payments 3.10 Net cash from / (used in) financing activities	975 - - - - - - - (22)	2,485 - - (83) - - - - (85)
	953	2,317
4. Net increase / (decrease) in cash and cash equivalents for the period
4.1 Cash and cash equivalents at beginning of period 4.2 Net cash from / (used in) operating activities (item 1.9 above) 4.3 Net cash from / (used in) investing activities (item 2.6 above) 4.4 Net cash from / (used in) financing activities (item 3.10 above)	252 (122) (211) 953	901 (844) (1,502) 2,317

ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms.

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Appendix 5B

Mining exploration entity or oil and gas exploration entity quarterly cash flow report

Consolidated statement of cash flows	Current quarter $A’000	Year to date (12 months) $A’000
4.5 Effect of movement in exchange rates on cash held 4.6 Cash and cash equivalents at end of period	-	-
	872	872
5. Reconciliation of cash and cash equivalents at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts	Current quarter $A’000	Previous quarter $A’000
5.1 Bank balances 5.2 Call deposits 5.3 Bank overdrafts 5.4 Other (provide details) 5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above)	872 - - -	252 - - -
	872	252
6. Payments to related parties of the entity and their associates		Current quarter $A'000
6.1 Aggregate amount of payments to related parties and their associates included in item 1 82 6.2 Aggregate amount of payments to related parties and their associates included in item 2 70 Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments.		82
		70

ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms.

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Appendix 5B

Mining exploration entity or oil and gas exploration entity quarterly cash flow report

7. 7.1 7.2 7.3 7.4 7.5 7.6	Financing facilities Note: the term “facility’ includes all forms of financing arrangements available to the entity. Add notes as necessary for an understanding of the sources of finance available to the entity. Total facility amount at quarter end $A’000 Amount drawn at quarter end $A’000 Loan facilities - - Credit standby arrangements - - Other (please specify) - - Total financing facilities - - Unused financing facilities available at quarter end - Include in the box below a description of each facility above, including the lender, interest rate, maturity date and whether it is secured or unsecured. If any additional financing facilities have been entered into or are proposed to be entered into after quarter end, include a note providing details of those facilities as well.	Total facility amount at quarter end $A’000	Amount drawn at quarter end $A’000
		-	-
		-	-
		-	-
		-	-
8.	Estimated cash available for future operating activities		$A’000
8.1 8.2 8.3 8.4 8.5 8.6 8.7 8.8	Net cash from / (used in) operating activities (item 1.9) (122) (Payments for exploration & evaluation classified as investing activities) (item 2.1(d)) (211) Total relevant outgoings (item 8.1 + item 8.2) (333) Cash and cash equivalents at quarter end (item 4.6) 872 Unused finance facilities available at quarter end (item 7.5) - Total available funding (item 8.4 + item 8.5) 872 Estimated quarters of funding available (item 8.6 divided by item 8.3) 2.6 Note: if the entity has reported positive relevant outgoings (ie a net cash inflow) in item 8.3, answer item 8.7 as “N/A”. Otherwise, a figure for the estimated quarters of funding available must be included in item 8.7. If item 8.7 is less than 2 quarters, please provide answers to the following questions: 8.8.1 Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not?		(122) (211) (333) 872 -
			872
			2.6
	Answer: N/A
	8.8.2 Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful?
	Answer: N/A
	8.8.3 Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis?
	Answer: N/A
	Note: where item 8.7 is less than 2 quarters, all of questions 8.8.1, 8.8.2 and 8.8.3 above must be answered.

ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms.

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Appendix 5B

Mining exploration entity or oil and gas exploration entity quarterly cash flow report

Compliance statement

• 1 This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.

• 2 This statement gives a true and fair view of the matters disclosed.

Date: 29 July 2022

Authorised by: By the Board

(Name of body or officer authorising release – see note 4)

Notes

1. This quarterly cash flow report and the accompanying activity report provide a basis for informing the market about the entity’s activities for the past quarter, how they have been financed and the effect this has had on its cash position. An entity that wishes to disclose additional information over and above the minimum required under the Listing Rules is encouraged to do so.

2. If this quarterly cash flow report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report. If this quarterly cash flow report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standards apply to this report.

3. Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity.

4. If this report has been authorised for release to the market by your board of directors, you can insert here: “By the board”. If it has been authorised for release to the market by a committee of your board of directors, you can insert here: “By the [ name of board committee – eg Audit and Risk Committee ]”. If it has been authorised for release to the market by a disclosure committee, you can insert here: “By the Disclosure Committee”.

5. If this report has been authorised for release to the market by your board of directors and you wish to hold yourself out as complying with recommendation 4.2 of the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations , the board should have received a declaration from its CEO and CFO that, in their opinion, the financial records of the entity have been properly maintained, that this report complies with the appropriate accounting standards and gives a true and fair view of the cash flows of the entity, and that their opinion has been formed on the basis of a sound system of risk management and internal control which is operating effectively.

ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms.

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