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MOHO RESOURCES LIMITED — Investor Presentation 2022
Nov 22, 2022
65359_rns_2022-11-22_efad0f35-6c4e-4cd2-a885-18adc1fa2aeb.pdf
Investor Presentation
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RIU RESURGENCE CONFERENCE 23 NOVEMBER 2022
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DISCLAIMER
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.
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.
COMPLIANCE STATEMENT
With reference to previously reported Exploration results and mineral resources included in this presentation, the company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and, in the case of estimates of Mineral Resources or Ore Reserves that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.
This presentation is authorised for release by the board.
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MOHO VALUES & DIRECTION
VALUE CREATION WITH RENEWED CRITICAL MINERALS EXPLORATION STRATEGY DIVERSE PROJECT PORTFOLIO ACQUIRED IN STRATEGIC AUSTRALIAN LOCATIONS WORLD CLASS TECHNICAL TEAM ESTABLISHED TO ADVANCE KEY PROJECTS EARLY CASH FLOW POTENTIAL FROM ESTABLISHED GOLD RESOURCE MOHO IS INVESTING IN THE FUTURE OF MINERALS ESSENTIAL FOR SUSTAINABLE TECHNOLOGIES MOHO IS PRIORITISING GROWTH IN AUSTRALIA’S CRITICAL MINERAL RESERVES
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Moho Quick Facts:
10 Projects
2 states
5 Commodities Over 5,500km[2] of Exploration ground 2 Joint Ventures with IGO Over 30,000m of drilling completed Over 12 individual drill campaigns
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“The Moho team eagerly awaits the assay results of the RC drilling further unlocking the potential for nickel sulphides discovery at Silver Swan North. These programs further bolster the company’s critical minerals strategy and increase the strength of our exceptional project portfolio.”
SILVER SWAN NORTH NICKEL SULPHIDE TARGETS (WA)
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BLACK SWAN SOUTH
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BLACK SWAN SOUTH
Adjoins the southern boundary of Poseidon Nickel Ltd’s Black Swan Nickel Operation
Magnetic high target only 4km from Black Swan nickel operations
12 holes drilled
Assay analysis expected within several weeks
Drilling successfully outlined basal contact of target komatiite ultramafics
Komatiite sequence is open to southeast but closed off to northwest
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DUKES & DUKES NORTH
Coincident Ni & Cu soil anomalies extending over 2.5km overlying a 3.6km long magnetic anomaly Prospect has never been drill tested
7 RC holes drilled for 1,806m completed Assay analysis expected in ~6-8 weeks All 3 holes at northern end intersected ultramafics All 4 four holes at southern end intersected same ultramafics over a width of >200m
Ultramafic appears to be a layered ultramafic intrusive sill
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T3 & T4 NICKEL TARGETS
<5km east of the Silver Swan Nickel mine
Assay analysis expected in ~6-8 weeks
T3 following up NiQuest RAB hole ESR143 with 30m @ 1633ppm Ni and 222ppm Cu, targeting the komatiite footwall contact
T4 following up NiQuest RAB holes SR131 with 10m @ 2800ppm Ni and 138ppm Cu and ESR219 which intersected 10m @2000ppm Ni and 449ppm Cu, targeting the komatiite footwall contact Evidence of magmatic Nickel sulphides based on geological logging and pXRF, deepest intercept (46m to 49m) incl. 1m @ 3333ppm Ni, 114ppm Cu and 203ppm Co
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INCREASED NICKEL EXPOSURE AT SILVER SWAN NORTH (WA)
Moho acquired strategic nickel rights on 20 mining tenements in deal with Yandal Resources Ltd (Yandal) Tenement package covers ~8.7km[2] of prospective maficultramafic stratigraphy known to host nickel sulphide mineralisation
Deal includes the sale to Yandal of five tenements (Moho to retain Au royalty)
Undergoing analysis and exploration planning
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“Moho’s exploration strategy is opening up new avenues for greater value creation for our shareholders, with the forecast demand for critical minerals expected to be strong for many years to come.”
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BURRACOPPIN REE & LITHIUM (WA)
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BURRACOPPIN REE (WA)
100%-owned tenements at Burracoppin
Recent soil survey identified several areas of anomalous rare earth elements with values up to 1959 ppm TREE
Higher TREE values in some areas may reflect areas of exposed ionic clays on the edge of the channel which have been exposed by erosion of overlying sediment
Neodymium and Praseodymium distribution in soils, with NdPr oxide values up to 541 ppm
Follow up sampling over Target 1 underway and gravity survey planned
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BURRACOPPIN LITHIUM (WA)
Preliminary geochemical review has identified anomalous lithium in soils and streams within Moho’s 100%-owned tenements at Burracoppin (areas 1, 3,4 & 5)
Lithium anomalies are reinforced by soils and streams anomalous in caesium, rubidium, beryllium and niobium which are present at many LCT (lithium caesium tantalum) pegmatites
Strong spatial relationship between lithium and niobium in soils has identified new areas potentially anomalous for lithium that are yet to be tested
Follow up sampling over Target 1 underway and gravity survey planned
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PEAK CHARLES (WA)
1 of 7 projects picked up in Whistlepipe deal prospective for Ni
Peak Charles also prospective for REE, with an ionic clay REE province rapidly expanding in the RavensthorpeEsperance region In the process of establishing Land access agreements Initial sampling program to be completed Geophysics program under development
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WHISTELPIPE Ni-Cu-PGE TARGETS (WA)
– Whistlepipe highly credentialed geologist and geophysicist associated with discovery of Gonneville PGE-Ni-Cu-Co-Au at Julimar Ni-Cu-PGE prospectivity supported using Geoscience Australia’s Mineral Potential Mapper program
WELD RANGE NORTH - Initial sampling completed, Follow up program planning underway dependent on results
MANJIMUP / STIRLING RANGE NORTH / TAMBELUP Land access agreements underway, Initial orientation sampling underway, Geophysics program under development
Remaining projects still under application
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SILVER SWAN NORTH GOLD PROJECT (WA)
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BLACK SWAN SOUTH
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EAST SAMPSON DAM GOLD PROJECT
M27/263 - granted Mining Lease (100% Moho ownership)
Close proximity to mining infrastructure and toll milling facilities
Maiden JORC resource (21,600 oz Au) at East Sampson Dam:
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Excellent metallurgical testwork results (95% recovery)
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Mineralisation open at depth and along strike
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Extensive gold in soil anomalism across project
Moho evaluating options to monetise the project or advance to production
Multiple bedrock gold anomalies identified in drilling at nearby Tyrells and Hodges prospects, scope to expand
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EAST SAMPSON DAM INTERIM MINERAL RESOURCE ESTIMATE
264,000 t @ 2.5g/t Au for 21,600 ounces Au at 0.5g/t cut-off grade1 for Interim JORC 2012 Mineral Resource Estimate (MRE)
- 70.2% (13,800 ounces) of MRE in Indicated category provides scope to expedite mining at ESD
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93% (19,000 oz) of MRE located within softer, near-surface zones
MRE grade highly sensitive to cut-off, increasing to 4.3g/t Au for 18,700 oz Au at 1.0 g/t Au cut-off grade
| Domain | Class | Tonnes (kt) | Au g/t | Au Metal (koz) |
|---|---|---|---|---|
| OXIDE | Indicated | 68.4 | 2.3 | 5.0 |
| Inferred | 14.4 | 3.2 | 1.5 | |
| Total | 82.9 | 2.4 | 6.4 | |
| LOWER SAPROLITE | Indicated | 81.7 | 2.0 | 5.3 |
| Inferred | 34.5 | 3.3 | 3.6 | |
| Total | 116.2 | 2.4 | 9.0 | |
| TRANSITION | Indicated | 29.0 | 3.4 | 3.2 |
| Inferred | 18.2 | 3.9 | 2.3 | |
| Total | 47.2 | 3.6 | 5.5 | |
| FRESH | Indicated | 6.6 | 1.3 | 0.3 |
| Inferred | 11.8 | 1.2 | 0.5 | |
| Total | 18.4 | 1.2 | 0.7 | |
| TOTAL | Indicated | 185.7 | 2.3 | 13.8 |
| Inferred | 78.9 | 3.1 | 7.8 | |
| Total | 264.6 | 2.5 | 21.6 | |
| ~~19~~ |
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1As announced to the ASX on 20 July 2021 (ASX:MOH)
CORPORATE
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MOH:ASX Should have market cap here as well $0.023 (AUD) OPTIONS:ASX $0.002 (AUD)
6 MONTH SHARE GRAPH
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Top 20 Holders
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34%
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At close of trade 9 Jun 2022
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SHARES ON ISSUE OPTIONS ON ISSUE MARKET CAP
207M 135M ~$4.8M
(at 2.3cps)
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- Includes 30.6M listed options (MOHO) with $0.25 exercise price and 9/7/23 expiry, 24M unlisted options with $0.12 exercise price and 21/2/24 expiry and 20.2M unlisted options with exercise prices ranging from $0.19 to $0.50 per share and 34M unlisted options with exercise prices ranging from $0.085 to $0.097 per share
BOARD & TECHNICAL TEAM
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Terry Streeter Non - Executive Chairman
Extensive experience in funding, listing and overseeing junior explorers in all exploration and economic cycles and has served in various roles in the nickel sulphide industry for over 30 years.
Previous Director of Jubilee Mines Non-Executive Director of Western Areas & ~~Fox Resources and additional~~ mining interests.
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Ralph Winter Managing Director
BCom - Grad Dip Prof Acct, GAICD
Specialising in corporate affairs & finance, marketing & promotion and business development in both exploration and development companies (Trafford, Ironclad, Robust Resources, Mineral Products).
~~Director of Breast Cancer~~ Care WA and Owner of Australian Remote Assistance
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Shane Sadleir Adrian Larking Non-Executive Director Non - Executive Director
Previous AMEC Councillor , BSc Hons, MSc, DIC, LLB, GDLP, FAusIMM, MAIG, MCET
Geoscientist BSc (Hons), FAusIMM
Extensive experience in exploration, mine geology, research, environmental protection, IPOs.
Extensive experience in exploration, mine geology and commerce (Kambalda Nickel Operations, Olympic Dam Operations, various senior management roles in WMC)
Founding director of Bannerman, Trafford, Ironclad, Scotgold, Athena and NED of Robust
Experience as director of listed and unlisted resource companies.
Technical Team
Grant Alan “ROCKY” Osborne – 42 years experience responsible for the discovery of the Rocky’s Reward nickel mine in WA and the C2C Zn, Cu, Ag deposit in Brazil. Principal consultant with GEOSBORNE Pty Ltd.
Whistlepipe – Geological and geophysical consultants with over 25 years experience with IGO, Chalice and Gold Road. Key involvement with the discovery of Gonneville PGE-Ni-Cu-CoAu (concept to drillhole design) at Julimar Jon Hronsky (geologist) - Chairman of Centre for Exploration Targeting and Australian Geoscience Council, Adjunct Professor at UWA and Macquarie University
Kim Frankcombe (geophysicist - Principal of ExploreGeo Pty Ltd. 30+ years experience. Previously senior consultant of Southern Geoscience geophysicists. Extensive expertise in targeting for gold and base metal deposits
Richard Carver (geochemist) - 30 years as geochemist with WMC. Particular expertise in gold, nickel and porphyry copper
Moho Quick Facts:
10 Projects
2 states
5 Commodities Over 5,500km[2] of Exploration ground 2 Joint Ventures with IGO Over 30,000m of drilling completed Over 12 individual drill campaigns JUST GETTING STARTED
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