Moho Resources provides update on exploration and strategic review

Moho Resources Limited (ASX:MOH) has completed a soil sample survey over the entire Weld Range project to determine the nature of the previously identified gravity and magnetic features that could represent a mafic - ultramafic intrusion prospective for copper-nickel sulphide and gold mineralization. The company is also evaluating the mineral potential at its Black Swan South project (E27/063) and undertaking a comprehensive review of its existing projects while evaluating potential new acquisition opportunities.

Executive Commentary

We are pleased to announce the completion of the soil sample survey at our Weld Range North project, which is a significant step in our exploration efforts. The survey aims to delineate the mafic - ultramafic geochemistry signature over the magnetic and gravity anomalies and the remainder of the tenement. Additionally, we are evaluating the mineral potential at our Black Swan South project and conducting a comprehensive review of our existing projects while exploring potential new acquisition opportunities to enhance returns for our shareholders.

Summary

Moho Resources has completed a soil sample survey at the Weld Range North project and is expecting assays in Q42024 to determine the potential for copper-nickel sulphide and gold mineralization. The company is also evaluating the mineral potential at its Black Swan South project and conducting a comprehensive review of its existing projects while exploring potential new acquisition opportunities. Plans for a detailed drone magnetic survey and a preliminary aircore drilling program are underway, with the aim to define bedrock lithologies and potential locations for mineralization. Moho Resources is focused on strengthening its balance sheet and optimizing its portfolio to enhance returns for shareholders. The company looks forward to discussing these developments in greater detail at the upcoming Annual General Meeting.