Key Highlights

  • Moho Resources lifted its Bush Chook drill-target list to 18 after the grant of 13 prospecting licences on 3 February 2026.
  • The company reported rock-chip samples up to 13.6 grams per tonne gold at the Boston target.
  • Moho announced on 25 May 2026 that drilling had commenced at Rocky Ridge.

Moho Resources (ASX:MOH) is a Western Australian explorer whose recent announcements centre on its Bush Chook gold project in the Pilbara. Having secured more tenure, the company has moved from surface sampling to drilling, which makes the next assay results the first real test of its target list. Its announcements also show regular small share issues, a common pattern for a micro-cap funding exploration through equity.

Targets at Bush Chook

On 5 February 2026 Moho announced four new high-priority gold targets at Bush Chook following the grant of 13 prospecting licences on 3 February, taking its drill-target list to 18. The company reported rock-chip samples of up to 13.6 grams per tonne gold at the Boston target, and a trench result of 9 metres at 1.85 grams per tonne gold, including 2 metres at 5.45 grams per tonne, at Gage Road. Rock-chip samples are selective, and the company itself cautions that they may not represent overall grade. Trench results are not drilling results and do not define a resource.

From approvals to drilling

Moho said it had applied to carry out 3,000 to 5,000 metres of reverse-circulation drilling on six priority targets, originally expected to begin in late March 2026, subject to approvals. Subsequent announcements followed in sequence: on 25 March the company said Bush Chook had been expanded with a historic high-grade gold mine; on 25 May it announced that drilling had commenced at Rocky Ridge; on 22 June it reported a heritage agreement securing access to priority drill targets; and on 22 July it issued an exploration update. Drilling results have not been detailed here.

The company points to regional context of 2.4 million ounces of gold in past production and resources in the Mosquito Creek Basin, and to neighbour AIM Mining's work at Blue Spec. That describes the district rather than Moho's own ground, and neighbouring discoveries do not imply success at Bush Chook.

Corporate activity and funding

Moho completed the sale of a non-core project on 20 April 2026 and released an investor presentation on 29 April. It lodged quarterly activities and Cash Flow reports on 29 April and 29 July 2026. The company also issued a series of share issue notices in February, March and August 2026, including a proposed issue on 25 March and applications for Quotation on 5 August. Securities were released from Escrow on 12 June.

The amounts and prices of those share issues, and the company's cash balance and quarterly spending, are set out in its quarterly reports and have not been detailed here. Each share issue dilutes existing holders, although the scale of that dilution has not been quantified in this coverage.

What to Watch

Land access and heritage approvals are explicit risks. The February release stated that some applications remained pending and that land access and heritage agreements had not been finalised, although the 22 June heritage agreement has since secured access to priority drill targets. Other risks are that drilling may not confirm continuity of mineralisation and that the company depends on further funding. Moho has not published dated milestones, so assay results from the Rocky Ridge drilling are the next item to watch.