Moho Resources divests gold asset

Moho Resources (ASX:MOH) has finalized the sale of its East Sampson Dam Gold Project to Mineral Mining Services Pty Ltd. The company received an initial payment of $1,000,000, with potential total consideration reaching up to $4 million. This sale supports Moho's strategy to optimize its project portfolio.

Overview of Moho Resources' strategic sale

Moho Resources (ASX:MOH) has completed the sale of its East Sampson Dam Gold Project, receiving a $1,000,000 Completion Payment. The total consideration could reach $4 million, contingent on achieving specific gold production milestones. This strategic divestment aligns with Moho's goal to optimize its project portfolio, improve financial standing, and explore new investment opportunities to enhance shareholder value.

Executive commentary on strategic divestiture

The sale of the East Sampson Dam Gold Project is a strategic move that will strengthen our financial position and allow us to pursue new investment opportunities.