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MOHO RESOURCES LIMITED Investor Presentation 2020

Feb 10, 2020

65359_rns_2020-02-10_a18b5d8d-e0ac-4b17-a2b1-5728ff41e4ad.pdf

Investor Presentation

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11 February
2020
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INVESTOR PRESENTATION

Moho Resources Limited (ASX: MOH) ( “Moho” or “the Company” ) provides its Investor Presentation – :”Broker Luncheon – February 2020”.

Authorised for release to ASX by the Board of Directors of Moho Resources Limited.

Ralph Winter

Commercial Director

T: +61 8 9481 0389

E: [email protected]

THE MOHOROVICIC DISCONTINUITY, THE BOUNDARY SEPERATING THE CRUST & MANTLE OF THE EARTH ACROSS WHICH SEISMIC WAVES CHANGE VELOCITIES

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Broker Luncheon - February 2020

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This presentation is not a prospectus nor an offer or inducement to subscribe for shares in Moho Resources Ltd (Moho) and has not been lodged with the Australian Securities and Investments Commission. Except for any liability which cannot be excluded by law, Moho and its affiliates expressly disclaim and accept no responsibility or liability (including liability for negligence) for the contents of this document.

This presentation has been prepared for the consideration of interested parties in Moho and does not carry any right of publication or disclosure to any other party. This presentation is incomplete without reference to and should be viewed solely in conjunctions with the oral briefing provided by Moho’s management. Neither this presentation nor its content may be used for any other purpose without prior written consent of Moho.

DISCLAIMER

The information contained in this presentation is of general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation.

This document may contain forward-looking statements. Investors are cautioned that forward‐looking statements are not guarantees of future performance and accordingly investors are cautioned not to put undue reliance on forward‐looking statements due to the inherent uncertainty therein.

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KEY FOCUS:

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Maximising shareholder value through cashflow generation from gold production Taking advantage of:

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current high gold price

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proximity to existing mining infrastructure and toll treatment facilities

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Aggressively exploring highly prospective gold projects near Kalgoorlie, Burracoppin and Empress Springs

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Minimising Shareholder dilution through cashflow generation

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WHY FOCUS ON GOLD?

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Market volatility keeping gold price high

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Exceptional AUD gold price due to:

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Ongoing trade tensions between US and China

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  • Coronavirus impact

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Low AUD/USD exchange rate

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Moho anticipates:

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Strong gold price to last for several years Other commodities prices expected to remain weak in short term

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C a p i t a l S t r u c t u r e

TIGHT CAPITAL STRUCTURE

SHARES OPTIONS
On Issue 49,065,613 (100%) 27,670,240(100%)***
Units Escrowed 5,414,929 (11.04%) 6,493,467 (23.47%)
Share Price $0.044*
Option Price $0.006**
Market Cap $2,158,887
Top 20 ~35%

Share price at close of business 10 Feb 2020 Option price at close of business 10 Feb 2020 **Options include director milestone options

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TECHNICAL TEAM

DIRECTORS

Terry Streeter (Non-Exec Chairman)

Extensive experience in funding, listing and overseeing junior explorers in all exploration and economic cycles.

Has been Director and Shareholder of Jubilee Mines, Western Areas, Fox Resources, Midas Resource, Riverbank Resources & Alto Metals

Robert (Bob) Affleck (Exploration Manager)

Extensive experience in exploration of gold and base metal deposits, including at Silver Swan North

Max Nind (Principal Geologist)

EXPERIENCED DIRECTORS AND TECHNICAL TEAM

Shane Sadleir (Managing Director) - Geoscientist

Extensive experience in exploration, mine geology, research, environmental protection, IPOs

Founding director of Bannerman, Trafford, Ironclad, Scotgold, Athena and NED of Robust

Ralph Winter (Commercial Director) – Corporate

Experience in exploration, mining (Trafford, Ironclad, Robust Resources, Mineral Products)

Director of Breast Cancer Care WA and Founding Director of Australian Remote Assistance

GAICD - Graduate of Australian Institute of Company Directors

Adrian Larking (Non-Exec Director) - Geologist and Lawyer

Extensive experience in exploration, mine geology and commerce (Kambalda Nickel Operations, Olympic Dam Operations, various senior management roles in WMC)

Extensive experience in underground geological supervision at nickel mines in Kambalda, WA regional exploration for magmatic nickel sulphides in Australia and Canada

Dr Jon Hronsky (OAM) (geologist)

Discovered Neo-Babel. Chairman of world-renown Centre for Exploration Targeting and Australian Geoscience Council, Adjunct Professor at UWA and Macquarie University

Kim Frankcombe (geophysicist)

Principal of ExploreGeo Pty Ltd ; previously senior consultant of Southern Geoscience geophysicists

Extensive expertise in geophysics, including targeting of gold and base metal deposits

Richard Carver (geochemist)

Ex-WMC, extensive expertise in exploration of gold and base metal deposits

Experience as director of listed and unlisted resource companies; AMEC Councillor

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DIRECTORS
INCENTIVISED
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D i r e c t o r h o l d i ng s a t I P O D i r e c t o r h o l d i ng s a t I P O D i r e c t o r h o l d i ng s a t I P O
Shares Options
Terry Streeter
Non-Executive Chairman
1,500,000 (3.06%)
481,250 (0.98%)
1,000,000
Shane Sadleir
Managing Director
2,828,597 (5.76%) 6,642,892**
Ralph Winter
Commercial Director
516,668 (1.05%) 3,175,001**
Adrian Larking
Non-Executive Director
637,903 (1.3%) 3,356,855**

**Founding directors include management performance options through milestones (Geared to share price and metres drilled: $0.25 & 5,000m; $0.35 & 10,000m; $0.50 & 15,000m)

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PROJECTS

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EMPRESS SPRINGS Au
SILVER SWAN NORTH Au/Ni
BURRACOPPIN Au
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SILVER SWAN NORTH GOLD PROJECT NEAR KALGOORLIE

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Potential for early stage cashflow H2, 2020 Extensive Land holding ~78km[2] (51% - 100% ownership)

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Significant gold mineralisation at East Sampson Dam High grade gold intersections on granted mining lease

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Close proximity to mining infrastructure

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IDEALLY LOCATED TO MINING INFRASTRUCTURE

50km from Australia’s gold mining capital at Kalgoorlie

11 gold processing plants within 100km Abundance of mining infrastructure, skills and services

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HIGH GRADE GOLD RESULTS:

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Latest significant gold results at East Sampson Dam: - Confirms drill results from September 2018 and historical results

SSMH0051: 15m @ 4.71 g/t Au from 88m, Incl. 3m @ 15.18 g/t Au from 100m SSMH0062: 5m @ 10.36 g/t Au from 59m, Incl. 2m @ 24.61 g/t Au from 56m

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SSMH0075: 9m @ 4.28 g/t Au from 19m, Incl. 3m @ 3.37 g/t Au from 19m and 1m @ 24.3 g/t Au from 25m

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SSMH0056: 11m @ 3.11 g/t Au from 65m, Incl. 1m @ 17.7 g/t Au from 72m SSMH0063: 2m @ 17.0 g/t Au from 73m

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  • SSMH0067: 2m @ 3.67 g/t Au from 58m, Incl. 1m @ 6.31 g/t Au from 58m SSMH0068: 2m @ 5.40 g/t Au from 88m, Incl. 1m @ 10.30 g/t Au from 88m SSMH0077: 2m @ 12.33 g/t Au from 88m, Incl. 1m @ 22.8 g/t Au at 89m (EOH) SSMH0054: 6m @ 2.39 g/t Au from 81m

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SSMH0070: 5m @ 2.38 g/t Au from 57m, Incl. 3m @ 3.16 g/t Au from 58m

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POTENTIAL FOR FURTHER SIGNIFCANT GOLD MINERALISATION

Drilling confined to 300m long East Sampson Dam (ESD) zone

Anomolous gold auger zone extends from ESD to Tyrells over ~2km

Other prospective zones for future development including Happs and Yalumba prospects

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MINING INVESTIGATIONS:

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Flora and Fauna survey completed - no environmental impediments identified

Aboriginal heritage survey completed – no sites of cultural or archaeological significance identified Mining engineer appointed to coordinate mining investigations

Resource Modelling underway Metallurgical test work to begin shortly Potential toll milling arrangements under investigation Working toward mine production in H2, 2020 Further drilling to test Tyrells/ESD zone and other prospects

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EMERGING GOLD-RICH

GREENSTONE BELT - BURRACOPPIN (WA) PROJECT

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Au in soil anomalies in under-explored greenstone belt in Wheatbelt Burracoppin only ~22km west of operating Edna May Au plant

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On major structural trend to updated 460,000 oz Au deposit at Tampia ~100km to south;

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BURRACOPPIN (WA) PROJECT

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Crossroads arsenic anomaly coincident with 2018 EM anomaly identified POW approved for up to 40 aircore drill holes to test 300m wide anomaly at Crossroads prospect Airborne magnetic and ground gravity surveys completed Applied for 4 adjacent exploration licences

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BURRACOPPIN (WA) PROJECT

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Crossroads arsenic anomaly coincident with 2018 EM anomaly identified POW approved for up to 40 aircore drill holes to test 300m wide anomaly at Crossroads prospect Airborne magnetic and ground gravity surveys completed Applied for 4 adjacent exploration licences

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BURRACOPPIN (WA) PROJECT

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  • Air core drilling to test Crossroads anomaly for bedrock gold mineralisation (Q1/2 2020)

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  • Follow-up soil sampling around Crossroads and Golden Hind auger anomalies (Q1 2020)

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  • Auger drilling within POW approved area around Crossroads

  • anomaly, subject to outcome of soil sampling (Q2 2020)

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  • Initiate extensive soil and drainage sampling program (Q2 2020)

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  • Follow-up auger drilling of soil anomalies generated by

  • December sampling (Q2 2020)

  • Review roadside soil sampling results in E70/5154 (Q1 2020)

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  • Review and interpret magnetic and gravity survey data (Q1 2020)

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WHAT HAS MOHO ACHIEVED AT EMPRESS SPRINGS SINCE IPO?

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Empress Springs, Qld –

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  • Significant Virgin Gold & Base Metal discovery in maiden drill program

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  • Total 14,599m of drilling and 203 holes

  • Additional 2,116km[2] of significant land acquisition to consolidate Moho’s prospectivity over 110km of trans-crustal structures

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  • Soil Geochem sampling across all 773km[2] tenements completed

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  • Detailed ground based Gravity survey across 773km[2] tenements complete

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  • 3 separate mineralised zones discovered

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  • First stage 51% of farm-in with IGO achieved, and Intention to progress to 70% declared

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POTENTIAL WORLD CLASS MINERALSING SYSTEM – EMPRESS SPRINGS (QLD) – Au

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  • Exploration for giant gold deposits under cover

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  • 2,889km2 of contiguous tenure over target zones A and B

  • 20 km south of Croydon Goldfield (A$2.0B, 1.2M oz historic Au production)

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THE SLEEPER - EMPRESS SPRINGS GOLD & BASE METALS

WHERE THERE’S SMOKE………

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Phase 1:

Discovery hole ESA023 intersected 9m @ 1.3g/t Au from 45m54m , including 2m @ 2.1 g/t Au , 2.5 g/t Ag, 0.26% Zn, 0.14% Pb from 50-52m

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Mineralisation generally increases with depth in basement Widespread and intense alteration in basement observed in many reconnaissance drillholes, indicative of large mineralising system

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Phase 2:

ESMH0001 22m @ 1.0g/t Au & ESMH0024 24m @ 0.7g/t Au Holes 18,19,22 & 23 indicating secondary base metal and pathfinder element zone 1.3km NE of discovery hole

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Phase 3:

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  • Further Drilling completed within heritage survey area to ascertain orientation of the mineralisation, currently awaiting assay results and reconnaissance drilling across the tenements

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PRIMED TO BECOME A SIGNIFICANT GOLD PRODUCER

✓ Driven Explorers ✓ Right commodities ✓ Right projects ✓ Right people ✓ Right timing

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