Moho Secures 225 km² Pilbara Gold Project with Historic Samples up to 5.6 g/t

Strategic Acquisition in a Proven Gold District

Moho Resources Ltd (ASX – MOH) has taken a significant step by securing the Bush Chook Gold Project, a large and strategically located gold exploration package in Western Australia’s prolific Pilbara region. The project spans 109 tenements covering approximately 225 square kilometres within the Mosquito Creek Basin, an area known for its rich gold endowment, including past production and current resources totaling around 2.4 million ounces.

This acquisition is notable for being non-dilutive, meaning Moho has secured the project without issuing new equity, preserving shareholder value while expanding its exploration footprint.

Untapped Potential Highlighted by Historic Sampling

Historic exploration data reveals compelling high-grade gold mineralisation at surface, with rock chip samples returning assays as high as 5.6 grams per tonne gold. Additionally, over 100 anomalous zones have been identified from soil and stream sediment sampling, with gold concentrations ranging from 32 parts per billion up to 2.6 grams per tonne. Crucially, none of these targets have been tested by drilling, leaving significant upside for Moho’s upcoming exploration efforts.

Chairman Peter Christie emphasised the opportunity, noting the project’s untapped nature and the company’s intention to launch an aggressive program of soil sampling, rock chip sampling, and geological mapping to generate drill targets. This approach aims to systematically unlock the project’s resource potential.

Neighbouring Operations and Infrastructure Advantage

The Bush Chook Project is strategically positioned adjacent to AIM Mining’s Nullagine Gold Project, which has a track record of producing 543,000 ounces of gold at 1.6 g/t between 2012 and 2019. AIM Mining is actively developing the area, including upgrades to roads, construction of a new mining camp, and ongoing drilling at the nearby Blue Spec Gold-Antimony Deposit, which boasts exceptionally high grades.

Moho’s project benefits from proximity to AIM’s well-established infrastructure, including the 1.8 million tonnes per annum Golden Eagle gold processing plant, a 10 MW power station, and a communications network. This infrastructure could potentially support future development, reducing capital expenditure hurdles.

Geological Context and Exploration Outlook

The Pilbara Craton, one of Australia’s oldest and most mineral-rich geological provinces, hosts the Mosquito Creek Basin where Bush Chook is located. The basin contains sedimentary rocks intruded by felsic units, providing a favourable environment for orogenic gold deposits similar to those found in the region.

Moho’s exploration will build on historical geochemical data, with plans to validate and expand upon the identified anomalies through detailed fieldwork. The company’s geologist, Graeme Hardwick, brings relevant expertise to guide this phase, which will be critical in defining drill targets.

Regulatory and Tenure Considerations

While the project tenure is currently pending, Moho is working towards finalising native title and land access agreements with local Indigenous groups and pastoral leaseholders. Approximately one-third of the project area is free from active native title determinations, potentially easing access for exploration activities.

Successful resolution of these agreements will be essential for Moho to commence drilling and advance the project towards resource definition.