Moho Resources : Nova Eye Lookalike At Manjimup Ni-Cu-Pge Project

NOVA 'EYE' LOOKALIKE AT MANJIMUP NI-CU-PGE

PROJECT

HIGHLIGHTS:

• • Review of open file WAMEX reports and government geophysical datasets at Moho's 100%-owned Manjimup Project (E70/5762) has identified geological, geochemical and geophysical features synonymous with Ni-Cu-PGE mineralisation:

  • - Folded, magnetically "high" fabric coincident with significant gravity anomaly

  • - Shape of mafic-ultramafic (MUM) complex interpreted from aeromagnetic data and basement geology analogous with well-known "eye" shaped mineralised Nova complex (Figure 1)

  -

  Base metal & PGE geochemical anomalies of historic soils and BOH drill samples confirm proof of concept and emphasise the prospectivity for Ni-Cu-PGE mineralisation.

  Figure 1: Same scale, target comparison between the Manjimup and Nova Project.

• • Level 1 fauna & flora desktop survey commissioned

NEXT STEPS:

• • Orientation soil sampling survey and geological mapping

• • Landowner engagement and land access agreements

• • Level 2 fauna and flora surveys

• • Geophysical surveys (ground gravity and electromagnetic)

Moho is looking forward to working with the highly credentialed Whistlepipe consultants at our 100%-owned Manjimup Project as we steadily ramp up our exploration for Ni-Cu-PGE mineralisation in WA.

- Mr Shane Sadleir, Managing Director

Manjimup Ni-Cu-PGE Project (ASX : MOH, 100% owned)

Moho Resources Limited (ASX: MOH) ("Moho" or "the Company") is pleased to provide an exploration update on the Manjimup Ni-Cu-PGE project in Western Australia which has recently been acquired from Whistlepipe Exploration Pty Ltd ("WPEX"). The principals of WPEX were instrumental in the discovery of the World Class Gonneville nickel (Ni), copper (Cu) and platinum group elements (PGEs) mineralisation in the Julimar mafic/ultramafic intrusive complex.

The Manjimup Project comprises Exploration Licence E70/5762 which was applied for in April 2021 and granted to WPEX in July 2021. E70/5762 consists of 13 graticular blocks covering about 30 km2 and located 250km south-east of Perth and 25km east of Manjimup in Western Australia (Figure 2). The tenement straddles State Forests and freehold land.

Regional and Local Geology:

Figure 2: Location of E70/5762 or Manjimup Project (cyan polygon) and major mineral occurrences (stars) over

500k GSWA regional geology and major town locations (black square).

The Manjimup Project sits within the South-West Terrane of the Yilgarn Craton in Western Australia. The project covers the suture between the Archean Yilgarn Craton and the Proterozoic Albany Fraser mobile belt. E70/5762 is interpreted to sit at/near the triple junction of the Archaean Balingup and Boddington Terranes and the Northern Foreland (Proterozoic block) sub-terrane.

Locally, the geology of the tenement area consists of various felsic gneisses, gabbros, and undifferentiated schists. The basement exposure is generally poor with bedrock being obscured by subsequent lateritisation and surficial alluvium of Cainozoic age.

Previous Exploration and 3rd Party Review

Using the consulting services of WPEX, Moho has undertaken a comprehensive review of historical open file exploration data and State Government geological, geochemical, and geophysical data sets. Key highlights of the work completed is listed below:

• • No relevant and systematic Ni-Cu-PGE exploration completed by previous explorers.

• • Wide spaced BLEG survey identified local Ni-Cu-PGE enrichment over E70/5762 (Figure 3). Shallow RC drilling completed to certain areas of the tenement and targeting mineral sands (Rutile).

  Drilling reports indicate explorable shallow cover on E70/5762, and geological observations of the basement confirm the presence of mafic intrusive and mica-schists (potential meta-sediments and sulfur source).

  Figure 3: E70/5762 Manjimup Project (blue line) with BLEG Cu and Pd anomaly contours and BOH geology (historic data) over regional aeromagnetic imagery.

Potential for Manjimup to Host Magmatic Ni-Cu-PGE Mineralisation:

The southwest region of Western Australia is known to host several world-class deposits, such as the Gonneville (Julimar) orthomagmatic nickel-copper+/-cobalt & PGE deposits, the Boddington Gold Deposit, the Darling Range Bauxite (Alumina) deposits as well as the Greeenbushes Li deposit.

More importantly, the Manjimup Project is associated with the westernmost region of the Albany Fraser Orogeny (AFO), commonly known to host the Nova-Bollinger Ni-Cu-PGE deposit (13.1Mt grading 2.0% Ni, 0.8% Cu and 0.07% Co).

Finally, the Manjimup Project does share many similarities with the surrounding world-class deposits of the South-West terrane and Nova-Bollinger in the AFO, some of these similarities are listed below:

• - Located on a major and deeply seated WNW-trending fault, intersecting a major EW trending terrane boundary (Manjimup Lineament, figure 4).

• - Proximity to a craton boundary (Figure 1).

• - Archean to Proterozoic terranes.

• - Presence of local folding or doming (Figure 5)

• - Local indication of mafic-ultramafic (MUM) intrusions (Figure 3).

• - Proximal Ni-Cu-PGE enrichment (Rocky Gully Prospect, Yornup Igneous Province).

• - Geochemical surface response coherent with anomalous MUM complex.

• - Non-magnetic mafic intrusions (not serpentinised) alike to Nova-Bollinger.

Figure 4: E70/5762 Location and GSWA Yilgarn Laterite Samples (Chrome values) over Regional Gravity Imagery (1VD) showing the Manjimup Tenure and gravity anomaly (proxy for mafic intrusions) located on a key structural intersection adjacent to a large igneous province (elevated chrome values as proxy)

Figure 5: (left) - E70/5762 with simplified magnetic high linework interpretation (black lines) and Ni-Cu-PGE target outline (green polygon) over Aeromagnetic Imagery (1VD RTP over TDR). (Right) - E70/5762 with simplified magnetic high linework interpretation (black lines) and Ni-Cu-PGE target outline (green polygon) over Gravity Imagery (re-processed 1VD BA).

Proposed Exploration Activities

In conjunction with WPEX, Moho has prepared a comprehensive exploration program & budget to streamline the process of defining drill ready targets. The initial stages are focused on environmental studies and landowner consultation and would be followed by low ground disturbance activities listed below:

1.

Orientation surface geochemical survey and ground reconnaissance to assess the local geology (Figure 6).

• 2. Gravity survey at 400m or 200m stations as a priority to better delineate the mafic-ultramafic complex (Figure 6).

• 3. Ground magnetic survey 100m line spacing to help with mapping the intrusion and host rocks.

• 4. Surface electromagnetic survey (FLEM/MLEM) conditional of encouraging results in previous geochemical and/or geophysical surveys.

Meanwhile, Moho has already submitted a Dieback Management Plan to the DMIRS and commissioned a Fauna & Flora desktop survey.

Figure 6: Proposed Manjimup Project (a) ground gravity stations over magnetics and (b) soil sampling locations and GoogleEarth.