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Moho Resources Secures $1.26M from Empress Springs Sale, Retains Royalty
9:25am on Monday 2nd of June, 2025 AEST
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Moho Resources Secures $1.26M from Empress Springs Sale, Retains Royalty
9:25am on Monday 2nd of June, 2025 AEST
Key Points
Sale of Empress Springs Project to Qld Aus Graphite Pty Ltd for $1.258 million
Initial cash payment of $258,000 with $1 million deferred payment secured by guarantor
Moho retains a 1% net smelter royalty on the project post-sale
Transaction aligns with Moho’s strategy to streamline portfolio and improve balance sheet
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