MOHO RESOURCES LIMITED — Regulatory Filings 2021

Jan 11, 2021

HIGH-GRADE GOLD INTERSECTIONS EAST SAMPSON DAM GOLD PROSPECT

HIGHLIGHTS:

• Multiple zones of high-grade gold mineralisation intersected in diamond drill hole SSMH0100:

7m @ 4.78 g/t Au from 51m incl. 1m @ 22.2 g/t Au from 53m

5m @ 8.01 g/t Au from 59m incl. 1m @ 23.5 g/t Au from 60m

2m @ 6.91 g/t Au from 77m

3m @ 0.79 g/t Au from 72m

5

• Intersections extend previously discovered high-grade gold mineralisation into new area

• All assays from diamond drilling have been received

• Expanded Phase 2 RC drill program (45 holes for 3,850m) to infill current resource drilling and test for mineralised extensions to the north and south now completed

NEXT STEPS:

• Receive assay results for Phase 2 RC drilling – Jan/Feb 2021

• Review downhole logging & diamond drill data to define structural controls on gold mineralisation – Q1 2021

• Aircore drilling of auger gold anomalies adjacent and north of ESD – H1 2021

• Resource model and JORC resource - H1 2021

“These unexpected diamond drilling results are very encouraging and highlight the potential to discover additional high grade gold zones at Moho’s 100%-owned East Sampson Dam prospect”

• Mr Shane Sadleir, Moho Managing Director

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Moho Resources Ltd (ASX:MOH) ( Moho or Company ) is pleased to announce additional unexpected high-grade gold assay results from the recently completed diamond drilling (DD) campaign to infill and extend gold mineralisation at the East Sampson Dam (ESD) gold prospect on M27/263 (Figure 1).

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Figure 1: Moho’s Silver Swan North Project tenements, including M27/263 (highlighted) in relation to regional geology

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DIAMOND DRILLING RESULTS

This release details newly received assay results for SSMH0100, a diamond drill hole designed to explore the western preliminary Whittle pit shell area for geotechnical investigation purposes (Figure 2). The hole was designed to test for interpreted NE structures that were postulated to truncate mineralisation (see Figure 2 for hole trace and mineralised shell outlines).

An initial structural interpretation of SSMH0100 and surrounding RC holes highlights the potential for at least four close spaced NE structures in this area. In general, mineralised gold shoots are interpreted to be offset to the NE on the northern side of these structures. Interpreting where these structures are situated should aid in improving future drill targeting.

One metre samples were taken of SSMH0100 with duplicate samples collected every 50m. Quality Control (QA/QC) reference standard and blank samples were inserted into the sampling stream, as per industry standard. Samples were analysed at Bureau Veritas Laboratories, Perth by 40g fire assay with AAS finish. Results for the final diamond hole SSMH0101, which was drilled just to the north of SSMH0100, were also received. The hole successfully explored important structures in the area that appear to offset mineralisation.

SSMH0100 discovered four new unexpected and significant gold intercepts outside of known mineralised zones (Table 1, Figure 3). These predominantly high grade gold intersections appear to extend high grade mineralisation previously discovered in MRC008, SSMH0067 and SSMH0091 into new areas. This new mineralisation is found in saprolitic tuff with minor quartz veining and is in line with previous observations of there being no visible high grade gold in the drill core.

In general, quartz veining is not a reliable predictor of mineralised intervals. Moho geologists have now characterised and have confidence in the visible characteristics of key offsetting structures previously reported in ASX announcements. A good example of one of these structures can be seen in the drill core of SSMH0101 where chaotic sedimentary bedding is adjacent to a steep NNW trending fault at 43.0m depth (Figure 4).

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Figure 2: Surface 365m RL plan with SSMH0100 collar, Figure 3 cross-section trace, interpreted structures, Au grade shells, & preliminary modelled Whittle pit outline

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Figure 3: Section 6637760N – DD hole SSMH0100 - Significant intersections with preliminary modelled gold grade shells

Table 1: East Sampson Dam – SSMH0100 significant gold assay results

PROSPECT	Hole_ID	Depth From (m)	Depth To (m)	Interval (m)	Significant Intercept
ESD	SSMH0100	51	58	7	7m@4.78g/t Au
		53	54	1	1m@ 22.2g/t Au
ESD	SSMH0100	59	64	5	5m@8.01g/t Au
		60	61	1	1m@ 23.5g/t Au
ESD	SSMH0100	72	75	3	3m@0.79g/t Au
ESD	SSMH0100	77	79	2	2m@ 6.91g/t Au

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Notes:

1. Results are based on assays of 1m samples from half core HQ.

2. Samples were assayed for gold using 40g charge fire assay with AAS finish.

3. Sample intervals are down-hole and true widths are yet to be determined.

4. Significant intercepts shown are >0.5 g/t Au with up to 1m internal dilution

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Figure 4: Fault (green line) at 43.0m in SSMH0101

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The eight diamond drill holes successfully explored a number of interpreted structures that Moho believes may be controlling the distribution of gold mineralisation at ESD (Figure 2). An understanding of the distribution of these structures has assisted field crews during the current RC drill campaign to identify and delineate them, which could lead to further gold mineralisation discoveries from assay results awaited from the Phase 2 RC drilling.

EXPANDED PHASE 2 RC DRILLING PROGRAM COMPLETED

Phase 2 of the infill resource RC drill program has now finished and assays are anticipated in January and February 2021 due to extensive delays at Perth assay laboratories. This final drill program of 45 RC holes (3,850m) was designed to infill the current resource drilling density at East Sampson Dam as well as test for mineralised extensions to the north and south where it remains open.

NEXT STEPS

• Receive RC drill assays and collate Jan/Feb 2021

• Review of downhole DD logging drill data to define structural controls on gold mineralisation – Q1 2021

• Targeting further gold mineralisation north of ESD by aircore drilling of auger gold anomalies– H1 2021

• Calculate JORC compliant resource by CSA Global – H1 2021

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, a Competent Person who is a RPGeo of The Australian Institute of Geoscientists. Mr Affleck is Exploration Manager and a full-time employee of Moho Resources and holds shares in the Company.

Mr Affleck has sufficient experience relevant to the style of mineralisation under consideration and to the activity which he 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 Affleck consents to the inclusion in this announcement of the matters based on this information in the form and context in which it appears.

MOHO’S INTEREST IN SILVER SWAN NORTH TENEMENTS

Moho is the 100% registered owner of granted tenements M27/263, E27/528, E27/626, P27/2232, P27/2390 & E27/613 and applications for E27/623, E27/633, E27/641, P27/2441, & P27/2456 all of which comprise the Silver Swan North Project. The Company has also signed option agreements to acquire M27/488, P27/2200, P27/2216, P27/2217, P27/2218, P27/2226 and P27/2229.

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Table 2: Collar Coordinate details – Diamond Drilling Sept-Nov 2020, East Sampson Dam Gold Prospect, Silver Swan North Project (M27/263)

Hole_ID	Easting	Northing	RL	Depth	Dip	Azimuth	Core Size	Target
SSMH0094	363878	6637711	370.8	64	-65	230	PQ	HG min in SSMH0051 & structures
SSMH0095	363877	6637710	370.8	114	-58	230	PQ	Twin SSMH0051
SSMH0096	363846	6637653	370.8	59.3	-65	180	HQ	Geotech
SSMH0097	363843	6637789	370	90.7	-60	230	PQ	Twin SSMH0075
SSMH0098	363855	6637760	370.2	92.1	-55	270	PQ	Min and structures
SSMH0099	363843	6637799	370	78.8	-65	270	PQ	HG min in SSMH0062
SSMH0100	363787	6637846	368.2	97.9	-60	135	HQ	Geotech
SSMH0101	363787	6637856	368	55.9	-60	270	PG	HG ext MRC008 min

Notes:

1. Drill hole coordinates MGA94 Zone 51 (GDA94).

2. Collars located with Differential GPS (+/- 0 30cm accuracy).

3. SSMH 0095 was a redrill of SSMH0094 which was abandoned due to pronounced deviation

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About Moho Resources Ltd

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Moho Resources Ltd is an Australian mining company which listed on the ASX in November 2018. The Company is focused on gold and nickel exploration at Empress Springs, Silver Swan North and Burracoppin.

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 Midas Resources Ltd.

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

Highly experienced geologists Bob Affleck (Exploration Manager) and Max Nind (Principal Geologist) are supported by leading industry consultant geophysicist Kim Frankcombe (ExploreGeo Pty Ltd) and experienced consultant geochemists Richard Carver (GCXplore Pty Ltd) and Dr Carl Brauhart (CSA Global Pty Ltd).

Moho’s geophysical programs and processing and analysis of the results are supervised by Kim Frankcombe (ExploreGeo Pty Ltd) who is a geologist and geophysicist with 40 years’ experience in mineral exploration. He has worked for major mining companies, service companies and for over 20 years as an independent geophysical consultant. He was a member of the discovery team for several significant deposits including one Tier 1 deposit. He manages the ExploreGeo consulting group which provides specialist geophysical advice to explorers.

Dr Jon Hronsky (OA) provides high level strategic and technical advice to Moho. Jon has more than thirty years of experience in the global mineral exploration industry, primarily focused on project generation, technical innovation and exploration strategy development. He has worked across a diverse range of commodities and geographies, and has particular expertise in targeting nickel sulphide and gold deposits.

ENDS

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

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

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JORC Code, 2012 Edition – Table 1 report template

Section 1 Sampling Techniques and Data – East Sampson Dam RC Drilling

Criteria	JORC Code explanation	Commentary	Commentary
Sampling techniques	• Nature and quality of sampling	•	The results in this ASX release
	(e.g. cut channels, random chips,		relates to DD hole SSMH0100
	or specific specialised industry		(HQ) and SSMH0101 (PQ) at the
	standard measurement tools		East Sampson Dam Gold
	appropriate to the minerals		Prospect, Silver Swan North
	under investigation, such as		Project.
	down hole gamma sondes, or
	handheld XRF instruments, etc.).
	These examples should not be	•	1metre samples were taken from
	taken as limiting the broad		PQ core with one quarter cut for
	meaning of sampling.		assay or one-half core sampled
	• Include reference to measures		for HQ holes.
	taken to ensure sample	•	In clayey horizons core was
	representivity and the		manually split using a putty knife
	appropriate calibration of any		and more competent zones were
	measurement tools or systems		cut using an industry standard
	used.		mechanised core saw.
	• Aspects of the determination of
	mineralisation that are Material
	to the Public Report.
	• In cases where ‘industry
	standard’ work has been done
	this would be relatively simple
	(e.g. ‘reverse circulation drilling
	was used to obtain 1 m samples
	from which 3 kg was pulverised
	to produce a 30 g charge for fire
	assay’). In other cases, more
	explanation may be required,
	such as where there is coarse
	gold that has inherent sampling
	problems. Unusual commodities
	or mineralisation types (e.g.
	submarine nodules) may warrant
	disclosure of detailed
	information.
Drilling techniques	• Drill type (e.g. core, reverse	•	PQ triple tube (PQ3) was used for
	circulation, open-hole hammer,		all mineralisation holes and HQ3
	rotary air blast, auger, Bangka,		triple tube (HQ3) was used for
	sonic, etc.) and details (e.g. core		geotechnical data holes.
	diameter, triple or standard tube,
	depth of diamond tails, face-
	sampling bit or other type,
	whether core is oriented and if
	_so, by what method, etc.). _
Drill sample recovery	• Method of recording and	•	Sample recoveries were
	assessing core and chip sample		monitored by the logging
	recoveries and results assessed.		geologist and were very high for
	• Measures taken to maximise		the program.
	sample recovery and ensure	•	Drillers focused on steady
	representative nature of the		advance rather than chasing
	samples.		metres, with extensive use of

Logging

drilling muds in clayey horizons to maximise recovery

• Whether a relationship exists drilling muds in clayey horizons between sample recovery and to maximise recovery grade and whether sample bias • No relationship between may have occurred due to recovery and grade was observed preferential loss/gain of although highly clay altered vein fine/coarse material. selvedges often have poorer recovery.

• Whether core and chip samples • All holes were thoroughly logged have been geologically and by an experienced senior geotechnically logged to a level geologist and project geologist as of detail to support appropriate per industry standard. Mineral Resource estimation, • Logging is qualitative but core mining studies and metallurgical trays are photographed for studies. reference purposes.

	geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.	geologist and project geologist as per industry standard. • Logging is qualitative but core trays are photographed for reference purposes.
	• Whether logging is qualitative or
	quantitative in nature. Core (or
	costean, channel, etc.)
	photography.
	• The total length and percentage
	of the relevant intersections
	logged.
Sub-sampling techniques and sample	• If core, whether cut or sawn and	• 1metre samples were taken from
preparation	whether quarter, half or all core	PQ core with one quarter cut for
	taken.	assay and half core cut for HQ
	• If non-core, whether riffled, tube	core.
	sampled, rotary split, etc. and	• In clayey horizons core was
	whether sampled wet or dry.	manually split using a putty knife
	• For all sample types, the nature,	and more competent zones were
	quality and appropriateness of	cut using an industry standard
	the sample preparation	mechanised core saw.
	technique.	• Field duplicates were collected
	• Quality control procedures	from drill core every 50m during
	adopted for all sub-sampling	the program, as per industry
	stages to maximise representivity	standards.
	of samples.
	• Measures taken to ensure that
	the sampling is representative of
	the in-situ material collected,
	including for instance results for
	field duplicate/second-half
	sampling.
	• Whether sample sizes are
	appropriate to the grain size of
	the material being sampled.
Quality of assay data and laboratory	• The nature, quality and	• Samples submitted to the assay
tests	appropriateness of the assaying	laboratory were weighed,
	and laboratory procedures used	crushed and pulverized to +95%
	and whether the technique is	passing -75 micron. A 40g charge
	considered partial or total.	was selected for Fire Assay and
	• For geophysical tools,	AAS finish with a detection limit
	spectrometers, handheld XRF	of 0.01ppm Au.
	instruments, etc., the parameters	• Assay reference standard
	used in determining the analysis	material was inserted every 33
	including instrument make and	samples and showed good
	model, reading times,	agreement with specifications.
	calibrations factors applied and	Blanks were also inserted as per
	their derivation, etc.	industry standards.
	• Nature of quality control	• Internal laboratoryassayrepeats

	procedures adopted (e.g.	showed good agreement with
	standards, blanks, duplicates,	first results and internal
	external laboratory checks) and	standards were in line with
	whether acceptable levels of	specifications.
	accuracy (i.e lack of bias) and
	precision have been established.
Verification of sampling and	• The verification of significant	• Significant intersections were
assaying	intersections by either	checked by alternative company
	independent or alternative	personnel prior to
	company personnel.	announcement.
	• The use of twinned holes.	• Neither SSMH0100 or SSMH0101
	• Documentation of primary data,	were twinned holes.
	data entry procedures, data	• Geological logging was on laptop
	verification, data storage	using Ocris logging software
	(physical and electronic)	which was then incorporated
	protocols.	into Moho’s SQL database.
	• Discuss any adjustment to assay	• No assay data are adjusted.
	data.
Location of data points	• Accuracy and quality of surveys	• All collars were pegged using a
	used to locate drill holes (collar	DGPS with an accuracy of 0.3m.
	and down-hole surveys),	• MGA94 Zone 51.
	trenches, mine workings and	• Topographic control was by
	other locations used in Mineral	DGPS.
	Resource estimation.
	• Specification of the grid system
	used.
	• Quality and adequacy of
	topographic control.
Data spacing and distribution	• Data spacing for reporting of	• Drill holes were variably spaced
	Exploration Results.	and designed to target either
	• Whether the data spacing and	mineralisation, structures
	distribution is sufficient to	offsetting the mineralisation or
	establish the degree of geological	geotechnical investigations.
	and grade continuity appropriate
	for the Mineral Resource and Ore	• No resource estimates are
	Reserve estimation procedure(s)	quoted.
	and classifications applied.	• Individual 1m samples are not
	• Whether sample compositing has	composited for reporting
	been applied.	purposes.
Orientation of data in relation to	• Whether the orientation of	• The orientation of structures
geological structure	sampling achieves unbiased	controlling grade distribution are
	sampling of possible structures	not known at this stage.
	and the extent to which this is	• At this stage, the relationship
	known, considering the deposit	between drilling orientation and
	type.	possible mineralising structures
	• If the relationship between the	is unknown but it is expected
	drilling orientation and the	that forthcoming analysis of
	orientation of key mineralised	structural data collected as part
	structures is considered to have	of this program will clarify this.
	introduced a sampling bias, this
	should be assessed and reported
	if material.
Sample security	• The measures taken to ensure	• Samples were delivered by
	sample security.	company personnel to assay labs
		and core is secured in the field.
Audits or reviews	• The results of any audits or	• Inhouse and consultant audits of
	reviews of sampling techniques	standards and duplicate results
	and data.	was carried out which showed a

good performance overall.

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria	JORC Code explanation	Commentary
Mineral	• Type, reference name/number, location and	• Moho is the 100% registered owner of granted
tenement	ownership including agreements or	tenements M27/263, E27/528, P27/2232,
and land	material issues with third parties such as	P27/2390, E27/613 & E27/626 and the
tenure	joint ventures, partnerships, overriding	applicant for ELA27/623, ELA27/633,
status	royalties, native title interests, historical	ELA27/641, PLA27/2441 & PLA27/2456 all of
	sites, wilderness or national park and	which comprise the Silver Swan North Project.
	environmental settings.
	• The security of the tenure held at the time
	of reporting along with any known
	impediments to obtaining a license to
	operate in the area.
Exploration	• Acknowledgment and appraisal of	Historical exploration has been completed over
done by	exploration by other parties.	various areas covered by Moho’s tenements.
other		Companies who have worked in the area include:
parties		• Australian-Anglo American JV (1969–1976)
		• Union Miniere/WMC Resources Ltd JV
		(1974–1975)
		• Esso Australia Ltd (1979–1981)
		• Amax Resources Ltd (1982–1984)
		• CRA Exploration Pty Ltd (1985–1989)
		• Mount Kersey Mining (1990–1999)
		• Aurora Gold (1991–1994)
		• Fodina (MPI/Outokumpu) (1994–1995)
		• NiQuest (2000–2005)
		• Mithril Resources (2006–2007)
		• Lawson Gold (2010–2012)
		• Moho Resources(2015 topresent).
Geology	• Deposit type, geological setting and style of	• The East Sampson Dam gold mineralisation is
	mineralisation.	spatially related to late-stage porphyry
		(leucotonalite) dykes which intrude an east-
		dipping sequence of volcanic sediments, tuffs,
		black shale and diorite. The detailed controls on
		gold mineralisation are still unclear but high-
		grade intersections are within sedimentary and
		tuffaceous units close to porphyry margins.
Drill hole	• A summary of all information material to	• A summary of all relevant drill hole information
Information	the understanding of the exploration results	and intersections for the East Sampson Dam
	including a tabulation of the following	gold prospect are shown in Table 1 and Table 2
	information for all Material drill holes:	in this announcement.
	o easting and northing of the drill hole
	collar
	o elevation or RL (Reduced Level –
	elevation above sea level in meters) of
	the drill hole collar
	o dip and azimuth of the hole
	o down hole length and interception
	depth
	o hole length.
	• If the exclusion of this information is
	justified on the basis that the information is
	not Material and this exclusion does not
	detract from the understanding of the
	report, the Competent Person should clearly
	explain why this is the case.

Criteria JORC Code explanation Commentary	Criteria JORC Code explanation Commentary
Data aggregation methods • In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg: cutting of high grades) and cut-off grades are usually Material and should be stated. • Where aggregate intercepts incorporate short lengths of high-grade results and longer lengths of low-grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail. • The assumptions used for any reporting of metal equivalent values should be clearly stated. • No averaging or cut offs have been applied to the data. • Aggregation of intersections was undertaken on the latest East Sampson Dam drill holes. All intervals aggregated were of variable length and variable grades. Intervals quoted contain gold values >0.5 g/t Au with up to 1m of internal dilution and quoted such as SSMH0097 6m @ 5.63 g/t Au from 34m_including_1m @ 5.17 g/t Au from 34m. • No metal equivalents have been reported.
Relationshi p between mineralisati on widths and intercept lengths • These relationships are particularly important in the reporting of Exploration Results. • If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. • If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (e.g. ‘down hole length, true width not known’). • All results quoted herein are down hole lengths and the true width is not known. • The geometry of high-grade mineralisation will be elucidated following analysis of structural measurements collected as part of this program.
Diagrams • Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views. • Refer to drill hole plan and sections within this release.
Balanced reporting • Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results. • All results > 0.5 g/t Au are quoted in Table 2 in this release.
Other substantive exploration data • Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances. • No other significant unreported exploration data for the East Sampson Dam gold prospect is available at this time.
Further work • The nature and scale of planned further work (e.g. tests for lateral extensions or depth extensions or large-scale step-out drilling). • Diagrams clearly highlighting the areas of possible extensions, including the • Future studies will include; metallurgical & geotechnical testwork, & mining studies including resource modelling. • Exact sites of future drilling are still to be assessed.

Criteria JORC Code explanation Commentary	Criteria JORC Code explanation Commentary
main geological interpretations and future drilling areas, provided this information is not commercially sensitive.