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Moho Resources NL (ASX:MOH)

ALERT: Price-sensitive ASX Announcement for MOH
Current share price for MOH : $0.009 0.001 (12.50%)+
Announcement
Release
28 Oct 2025 8:20AM
Price at Release
$0.008
Full Release
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Summary
Moho Resources Limited, an Australian natural resources company, reported significant progress in their Bush Chook Gold Project located in Western Australia. They have expanded their stake in the project to 386 km² and have conducted extensive exploration work, which includes identifying high-grade gold mineralization with rock chip assays up to 28.6 g/t Au. Subsequent developments include the acquisition of 26 prospecting licenses without native title conditions, enabling more cost-effective and faster drilling plans set for late 2025 or early 2026. Financially, Moho raised $2 million through a placement to support the aggressive exploration at Bush Chook. The company's cash position at the end of the quarter was $669,000, and they expect additional funds from deferred payments in 2026.
Key Points
  • Moho Resources staked and expanded the Bush Chook Gold Project to 386 km².
  • 26 prospecting licenses were granted, facilitating an expedited exploration process.
  • High-grade gold mineralization confirmed with rock chip assays up to 28.6 g/t Au.
  • Plans for a 5,000 to 10,000 meter RC drill program in late 2025 or early 2026.
  • $2.0 million raised via a placement to fund exploration activities.
  • Cash at quarter-end was $669,000, with expected deferred payments in 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.