Moho Nets $408,500 Upfront from Empress Springs Sale, $300,000 Deferred
Moho Resources has completed the sale of its Empress Springs Project, securing an initial payment of $408,500 with a deferred $300,000 to follow next year, reinforcing its asset optimisation strategy.
- Sale of Empress Springs Project finalized with Qld Aus Graphite Pty Ltd
- Initial cash payment of $408,500 received, $300,000 deferred payment due in 2026
- Transaction aligns with Moho’s strategy to unlock value from existing assets
- Company signals ongoing pursuit of new exploration opportunities
- Sale proceeds expected to strengthen Moho’s financial position
Completion of Empress Springs Sale
Moho Resources Limited (ASX: MOH) has officially completed the sale of its Empress Springs Project to Qld Aus Graphite Pty Ltd, marking a significant milestone in the company’s asset management strategy. The transaction, announced on 21 May 2025, follows earlier disclosures in February and April, confirming the transfer of ownership and receipt of the initial payment.
The deal brings Moho an upfront cash injection of $408,500 (excluding GST), with a further $300,000 (excluding GST) scheduled as a deferred payment exactly one year from completion. This staggered payment structure provides Moho with immediate liquidity while maintaining a future revenue stream from the sale.
Strategic Implications for Moho
Moho’s leadership, under Chairman Peter Christie, views this sale as a key step in unlocking value from its portfolio. The company has reiterated its commitment to leveraging current assets to fund and pursue new exploration projects, aiming to enhance shareholder value. This approach aligns with broader trends in the exploration sector, where companies often divest non-core assets to focus capital and resources on higher-potential opportunities.
While the announcement does not detail the total sale price or the specific plans for the proceeds, the infusion of nearly $409,000 upfront provides Moho with additional financial flexibility. This could support ongoing exploration activities or enable the company to evaluate new project acquisitions that fit its strategic objectives.
Looking Ahead
Moho’s board, including experienced non-executive directors Michael Pereira and Bryce Gould, will likely monitor market conditions and exploration prospects closely. The completion of the Empress Springs sale may signal a period of portfolio reshaping, with investors keen to see how the company deploys its capital next. The deferred payment also offers a degree of assurance that the buyer remains committed to the project’s potential.
Overall, this transaction underscores Moho’s pragmatic approach to asset management in a competitive mining exploration landscape, balancing immediate financial returns with future growth ambitions.
Bottom Line?
Moho’s Empress Springs sale closes a chapter, but the hunt for new exploration opportunities is just beginning.
Questions in the middle?
- What new projects will Moho target with the proceeds from the sale?
- How will the deferred payment impact Moho’s cash flow and financial planning next year?
- Could this sale indicate a broader strategic shift in Moho’s asset portfolio?
