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MOHO RESOURCES LIMITED — Investor Presentation 2022
Jun 9, 2022
65359_rns_2022-06-09_b062ff2d-5a4e-437c-900b-bf08f0c53f70.pdf
Investor Presentation
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MOHO RESOURCES LTD EXPLORING FOR A GREENER FUTURE GEARING UP FOR EXPLORATION SUCCESS
INVESTOR PRESENTATION JUNE 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.
COMPETENT PERSONS STATEMENTS
The information in this document that relates to Exploration Results, geology and data compilation is based on information compiled by Ms Lyndal Money, a Competent Person who is a Member of The Australian Institute of Mining and Metallurgy. Ms Money is the Technical Manager for the Company, is a full-time employee and holds options in the Company. Ms Money 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’. Ms Money 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 the East Sampson Dam Interim Mineral Resource Estimate is based on information compiled and generated by Ms Felicity Hughes, an associate of CSA Global Pty Ltd (“CSA”). CSA consents to the inclusion, form and context of the relevant information herein as derived from the original resource reports. Ms Hughes has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which is being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the JORC ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’.
This presentation is authorised for release by the board.
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GEARING UP FOR EXPLORATION SUCCESS
Silver Swan North (WA) Nickel/Gold Project Nickel sulphide prospects around Poseidon’s Black Swan Nickel Operations East Sampson Dam gold deposit Tyrells and Hodges gold prospects
Whistlepipe (WA) Ni-Cu-PGE & REE Projects Ni-Cu-PGE &REE prospects in South West Yilgarn Craton
Burracoppin (WA) Gold Project Gold and silver potential in underexplored greenstone belt in WA wheatbelt
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Empress Springs (QLD) Gold Project
Large belt-scale potential for tier-1 gold deposits in Nth Qld
Why Nickel?
NICKEL DEMAND
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Source: Courtesy of Wood Mackenzie – Q4 2021
Source: Courtesy of researchandmarkets.com
Ni-Cu-PGE PROJECTS
PHASE 1 – NICKEL STRATEGY
SILVER SWAN NORTH NICKEL SULPHIDE TARGETS (WA)
Black Swan South close to Poseidon’s nickel operations Prospective for nickel and gold mineralisation Data review and exploration planning Completed RC rig secured, expected on site late June Downhole EM follow up subject to results and conditions
Dukes and Dukes North
Prospective for nickel, Ni anomaly on mapped Ultramafic from Auger sampling
Data review and exploration planning underway POW submitted for reconnaissance holes
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BLACK SWAN SOUTH
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PHASE 1 – NICKEL STRATEGY
MOHO GRANTED TENEMENT ADJOINING POSEIDON’S NICKEL DEPOSIT
E27/623 granted to Moho on 14/12/21 – prospective for gold and nickel
Adjoins the southern boundary of Poseidon Nickel Ltd’s Black Swan Nickel Operation
Extraordinarily high grade nickel intersections reported by Poseidon on 20/12/21 at Silver Swan, including 15m @ 17.92% Ni from 285m (PTMD018)
Magnetic high target only 4km from Black Swan nickel operations
Potential Off hole EM target from historical Norilsk drilling never followed up
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PHASE 1 – NICKEL STRATEGY
MOHO GRANTED TENEMENT ADJOINING POSEIDON’S NICKEL DEPOSIT
E27/623 granted to Moho on 14/12/21 – prospective for gold and nickel
Adjoins the southern boundary of Poseidon Nickel Ltd’s Black Swan Nickel Operation
Extraordinarily high grade nickel intersections reported by Poseidon on 20/12/21 at Silver Swan, including 15m @ 17.92% Ni from 285m (PTMD018)
Magnetic high target only 4km from Black Swan nickel operations
Potential Off hole EM target from historical Norilsk drilling never followed up
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PHASE 2 – NICKEL STRATEGY
INCREASED NICKEL EXPOSURE AT SILVER SWAN NORTH (WA)
Moho finalising strategic nickel rights acquisition on 20 mining tenements in deal with Yandal Resources Ltd (Yandal) Tenement package covers ~8.7km[2] of prospective mafic-ultramafic stratigraphy known to host nickel sulphide mineralisation Deal includes the sale to Yandal of five tenements (Moho to retain Au royalty)
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PHASE 3 – NICKEL STRATEGY
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
12 exploration licence applications lodged (7 already approved) over 7 Whistlepipe targets prospective for Ni/Co/Cu/PGEs/Au and associated battery and precious metals including REE
Technical review and exploration planning of granted exploration licences at Manjimup and Peak Charles underway
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PHASE 3 – NICKEL STRATEGY
NOVA ‘EYE’ LOOKALIKE MANJIMUP Ni-Cu-PGE PROJECT (WA)
Moho’s 100%-owned Manjimup Project (E70/5762) has identified geological, geochemical and geophysical features synonymous with Ni-CuPGE mineralisation:
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Folded, magnetically “high” fabric coincident with significant gravity anomaly
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- Shape of mafic-ultramafic (MUM) complex interpreted from aeromagnetic data and basement geology analogous with well-known “eye” shaped mineralised Nova complex
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- 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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PHASE 3 – NICKEL STRATEGY
NOVA ‘EYE’ LOOKALIKE MANJIMUP Ni-Cu-PGE PROJECT (WA)
Moho’s 100%-owned Manjimup Project (E70/5762) has identified geological, geochemical and geophysical features synonymous with Ni-CuPGE mineralisation:
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Folded, magnetically “high” fabric coincident with significant gravity anomaly
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- Shape of mafic-ultramafic (MUM) complex interpreted from aeromagnetic data and basement geology analogous with well-known “eye” shaped mineralised Nova complex
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- 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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PHASE 3 – NICKEL STRATEGY
NOVA ‘EYE’ LOOKALIKE MANJIMUP Ni-Cu-PGE PROJECT (WA)
Moho’s 100%-owned Manjimup Project (E70/5762) has identified geological, geochemical and geophysical features synonymous with Ni-CuPGE mineralisation:
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Folded, magnetically “high” fabric coincident with significant gravity anomaly
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- Shape of mafic-ultramafic (MUM) complex interpreted from aeromagnetic data and basement geology analogous with well-known “eye” shaped mineralised Nova complex
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- 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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CORPORATE
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MOH:ASX Should have market cap here as well $0.036 (AUD) OPTIONS:ASX $0.001 (AUD)
3 YEAR SHARE GRAPH
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Top 20 Holders
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33%
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At close of trade 9 Jun 2022
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SHARES ON ISSUE OPTIONS ON ISSUE MARKET CAP
159M 107M ~$5.5M
(at 3.6cps)
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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
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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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Shane Sadleir Managing Director
Geoscientist BSc (Hons), FAusIMM
Extensive experience in exploration, mine geology, research, environmental protection, IPOs.
Founding director of Bannerman, Trafford, Ironclad, Scotgold, Athena and NED of Robust
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Ralph Winter Commercial 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
Adrian Larking Non - Executive Director
Previous AMEC Councillor , BSc Hons, MSc, DIC, LLB, GDLP, FAusIMM, MAIG, MCET
Extensive experience in exploration, mine geology and commerce (Kambalda Nickel Operations, Olympic Dam Operations, various senior management roles in WMC)
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
APPENDIX
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 grade[1] 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, nearsurface 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 |
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1As announced to the ASX on 20 July 2021 (ASX:MOH)
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SILVER SWAN NORTH GOLD PROJECT
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
Multiple bedrock gold anomalies identified in recent aircore drilling at nearby Tyrells and Hodges prospects
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POSITIVE AIRCORE GOLD RESULTS AT TYRELLS AND HODGES
Multiple bedrock gold anomalies identified
>800m long structurally-controlled, mineralised corridor identified at Tyrells
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main bedrock anomaly located ~1km north northeast of East Sampson Dam gold deposit
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High grade bedrock gold mineralisation within a broader zone of gold and arsenic anomalism was intersected in RC hole 21SSC009 close to Tyrell’s gold prospect:
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3m @ 4.27 g/t Au from 106m including 1m @ 11.6 g/t Au from 106m
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2m @ 0.42 g/t Au from 110m
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2m @ 0.79 g/t Au from 113 including 1m @ 1.24 g/t Au from 113m
Mineralisation at Hodges associated with dolerite/ultramafic contact with chlorite-silica alteration
- Best results:
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SSA0146 - 12m @ 0.74g/t Au from 48m, including 1m@ 1.67g/t Au from 59m
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SSA0145 - 12m @ 0.57g/t Au from 12m
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EMPRESS SPRINGS GOLD PROJECT
EXTENSIVE HYDROGEOCHEMICAL GOLD ANOMALISM AT EMPRESS SPRINGS
Hydrogeochemical survey outcomes in collaboration with CSIRO and IGO:
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strong gold anomalism identified in ~90km zone in basement across the project; new zones identified
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gold anomalies within top 1% of ground water gold anomalism nationally - CSIRO
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- strong NW-SE trend of anomalism matches major trans crustal structure - Dr Jon Hronsky
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highly anomalous tin, tungsten, molybdenum ‘porphyry’ intrusive signature in basement
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BURRACOPPIN GOLD PROJECT
BURRACOPPIN (WA) - Au NEW DISCOVERY IN GREENSTONE BELT
Moho (70%) in JV with IGO Ltd; 100% Moho owned tenure on adjacent ground. ~20km west of Ramelius’ Edna May Gold operation and plant
Four priority areas for further exploration including Crossroads prospect
Diamond drilling at Crossroads prospect confirms previous RC results - Best gold results include:
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0.89m @ 0.79g/t Au from 75.91m (BCMH0072)
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1m @ 0.49 g/t Au from 29.2m and 1m @ 0.41 g/t Au from 55.5m (BCMH0070)
Broad, > 50m thick anomalous N-S gold zone confirmed - remains open to the north, west and at depth
Significant silver mineralisation intersected in three holes, including 2.4m @ 8.50 g/t Ag from 12.4m in BCMH00073
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