Moho Resources : Positive Aircore Gold Results at Tyrells and Hodges

23 December 2021

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POSITIVE AIRCORE GOLD RESULTS AT TYRELLS AND HODGES

HIGHLIGHTS:

• Aircore drilling identifies multiple bedrock gold anomalies
• Tyrells:
• • >800m long structurally-controlled, mineralised corridor identified
  • main bedrock anomaly located ~1km north northeast of East Sampson Dam gold deposit
  • > 0.8g/t Au intercepts associated with quartz veining and iron oxide after sulphides within bedrock
  • Best intersections:

1. SSA0091 - 8m @ 1.05g/t Au from 48m, including 4m @ 1.54g/t Au from 48m

• 1. SSA0090 - 8m @ 0.57g/t Au from 52m

  1. SSA0016 - 8m @ 0.56g/t Au from 16m

  1. SSA0101 - 4m @ 0.88g/t Au from 36m
• Hodges:
• • mineralisation associated with footwall of dolerite/ultramafic contact with chlorite-silica alteration proximal to shear zone
  • 1. SSA0146 - 12m @ 0.74g/t Au from 48m, including

1m@ 1.67g/t Au from 59m

1. SSA0145 - 12m @ 0.57g/t Au from 12m

1. SSA0124 - 1m @ 0.62g/t Au from 47m (EOH)

NEXT STEPS:

• Reverse Circulation drilling of Omrah and Wise nickel targets (in progress)
• Diamond rig to test EM conductor at Omrah and EIS stratigraphic drilling (anticipated mid-January, but subject to confirmation of rig availability)
• Undertake RC and aircore drilling to test depth and strike extensions of gold anomalism at Tyrells and Hodges (Q1 2022)
• Aircore drilling to test soil auger gold anomalies on E27/528 and P27/2232 (H1 2022)
• Soil sampling / auger drilling to test for soil gold and nickel anomalies in recently granted E27/623 (H1 2022)

These aircore drilling results are very encouraging and suggest that that the Tyrells and Hodges prospects could make a significant addition to the interim Mineral Resource Estimate at East Sampson Dam

• Mr Shane Sadleir, Managing Director

Moho Resources Limited (Moho or the Company) (ASX:MOH) is pleased to report positive assay results from the Tyrells/Hodges aircore drilling program1 which was implemented in July to follow up gold in soil geochemical anomalism identified in 2020 (Figure 1).

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Figure 1: Auger gold in soil anomalies targeted by aircore drilling northwest of East Sampson Dam deposit on

M27/263 and M27/488

1 Moho Resources Ltd [MOH] ASX announcement - "Aircore Drilling Underway at Tyrells & Hodges Prospects" (28 July '21)

As announced to the ASX on 23 August 2021, 158 aircore holes were drilled for 7,659m. All holes were geologically logged with lithology, alteration and veining recorded. Magnetic susceptibility readings were taken every metre down hole. Samples were collected every metre and 4-metre composite samples submitted for gold analysis, with the final metre of each hole also sampled and submitted for gold and a suite of base metal and pathfinder elements. Resampling of anomalous composite samples has been completed and submitted for analysis. Multi-element analysis of the bottom of hole samples show no

onlyother element anomalies. Maximum gold values in drillholes are shown in Figure 2 and significant intercepts > 0.2g/t Au listed in Table 1.

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Figure 2: Recent Aircore drilling, showing maximum gold in hole and proximity to East Sampson Dam

		Hole ID			From (m)			To (m)			Interval			Grade			Significant Intercept
								(m)			(g/t Au)
		SSA0014	44		48		4		0.20			4m @ 0.20 g/t Au from 44m
		SSA0016	16		24		8		0.56			8m @ 0.56 g/t Au from 16m
		SSA0059	44		46		2		0.21			2m @ 0.21 g/t Au from 44m
		SSA0085	36		40		4		0.20			4m @ 0.20 g/t Au from 36m
only
	SSA0089	52		53		1		0.26			1m @ 0.26 g/t Au from 52m
	SSA0090	52		60		8		0.57			8m @ 0.57 g/t Au from 52m
		SSA0091	32		36		4		0.84			4m @ 0.84 g/t Au from 32m
				48		56		8		1.05			8m @ 1.05 g/t Au from 48m
														including		4m @ 1.54 g/t Au from 48m
		SSA0092	36		40		4		0.26			4m @ 0.26 g/t Au from 36m
		SSA0093	16		20		4		0.68			4m @ 0.68 g/t Au from 16m
		SSA0093	24		28		4		0.38			4m @ 0.38 g/t Au from 24m
use		SSA0100	44		48		4		0.36			4m @ 0.36 g/t Au from 44m
	SSA0101	28		32		4		0.56			4m @ 0.56 g/t Au from 28m
				36		40		4		0.88			4m @ 0.88 g/t Au from 36m
		SSA0106	76		82		6		0.48			6m @ 0.48 g/t Au from 76m
		SSA0114	48		52		4		0.25			4m @ 0.25 g/t Au from 48m
		SSA0117	20		24		4		0.20			4m @ 0.20 g/t Au from 20m
		SSA0123	58		59		1		0.28			1m @ 0.28 g/t Au from 58m
		SSA0124	47		48		1		0.62			1m @ 0.62 g/t Au from 47m
		SSA0145	12		24		12		0.57			12m @ 0.57 g/t Au from 12m
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	SSA0146	48		60		12		0.74			12m @ 0.74 g/t Au from 48m
													including		1m @ 1.54 g/t Au from 48m (EOH)
		SSA0148	48		56		8		0.39			8m @ 0.39 g/t Au from 48m

Table 1: Significant intercepts > 0.2g/t Au (cut off 0.2g/t Au, no internal dilution)

Tyrells Prospect:

At Tyrells, a >800m long structurally controlled mineralisation corridor was intercepted within the more f lsic lithologies of the area (see Figure 2).

Figure 2: Tyrells prospect: cross section (6639000N) showing aircore gold results and interpretated geology

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Figure 3: Tyrells prospect: aeromagnetics and maximum gold in hole, recent AC drilling

Significant gold intercepts within bedrock at Tyrells sit closely beneath the laterally extensive depleted saprolite zone, with minor supergene gold enrichment at the bedrock interface. The > 0.8g/t Au intercepts are associated with quartz veining and iron oxide after sulfides within bedrock. A strong correlation exists between these results and a slight flexure within the magnetic response of mafic rocks at the eastern side of the drilling (Figure 3).