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Highlights

  • Moho will acquire nine new exploration tenements in Western Australia’s Pilbara Craton, expanding the Bush Chook Gold Project to 386 km².

  • Fieldwork and historic data confirmed multiple high-grade gold anomalies, including rock chips up to 28.6 g/t Au, none of which have been drill tested.

  • Acquisition terms include staged cash payments, share issues, and a 2% net smelter return royalty, with completion subject to regulatory and third-party approvals.

Moho Resources Ltd (ASX:MOH) announced plans to expand its newly established Bush Chook Gold Project in Western Australia’s Pilbara Craton through the acquisition of nine new exploration tenements. The move positions Moho as the largest exploration landholder over the Mosquito Creek Basin, increasing its total project area to 386 km² upon completion.

The announcement drove investor interest, with Moho shares gaining 20% to AUD 0.006 per share during the trading session on 4 September 2025.

Expansion of Bush Chook Project

Under the binding agreements, Moho will acquire eight prospecting licences and one exploration licence from Goldtimers Prospecting Pty Ltd and Moonlight Metals Pty Ltd. The Bush Chook Project neighbours AIM Mining Corp’s Nullagine Gold Project, which has produced more than 670,000 ounces of gold to date and is supported by the Golden Eagle 1.8 Mtpa processing plant.

The Mosquito Creek Basin, where Bush Chook is located, is geologically comparable to the Mallina Basin, which hosts Northern Star Resources’ 11.2 million-ounce Hemi gold deposit. Moho noted that exploration activity in the Mosquito Creek Basin has been limited in recent years despite its geological similarities to Mallina.

Gold Mineralisation Confirmed

Moho’s fieldwork in July identified ferruginous quartz veins and historic prospector workings across the project area. Rock chip samples returned assays up to 28.6 g/t Au, building on historic data that identified six zones of outcropping gold mineralisation with assays up to 14.9 g/t Au.

In addition, historic soil and stream sediment data revealed anomalies grading up to 7.9 g/t Au across 6.5 km² of the project. Importantly, none of these anomalous zones or outcropping areas have been drill tested, highlighting the potential for new discoveries.

Acquisition Terms

The acquisition agreements involve staged cash payments, share issues, and performance rights.

  • Goldtimers Prospecting Pty Ltd: Moho will pay AUD 30,000 upfront, AUD 30,000 on completion, and issue 12 million Moho shares (subject to three-month escrow).

  • Moonlight Metals Pty Ltd: On completion, Moho will issue 24 million shares and 24 million performance rights, convertible to shares upon defined resource milestones. The vendors will retain a 2% net smelter return royalty over production.

Completion is subject to due diligence, licence grants, regulatory and third-party approvals, and the execution of royalty deeds.

Mosquito Creek Basin Potential

The Mosquito Creek Basin and Mallina Basin both formed around 2.9 billion years ago and host turbidite-hosted orogenic gold systems. The discovery of the Hemi deposit in 2019 spurred an exploration boom in Mallina, but expenditure in Mosquito Creek has since declined by 67%, from approximately AUD 15 million annually between 2016 and 2019 to around AUD 5 million annually from 2020 to 2023.