Moho Resources Boosts Bush Chook with Rocky Ridge Acquisition and May Drilling Plan

Rocky Ridge Acquisition Adds High-Grade Focus to Bush Chook

Moho Resources (ASX:MOH) has significantly expanded its Pilbara footprint by snapping up the Rocky Ridge prospect, a historic high-grade gold-antimony mine within its Bush Chook Gold Project. The acquisition boosts the project area to 442km² and introduces a priority target that previously yielded approximately 1,000 ounces of gold at an extraordinary average grade of 85g/t from shallow underground workings.

Rocky Ridge, also known as the Mountain Maid Mine, was mined between 1906 and 1917 and features a newly identified north-dipping shear zone rich in gold and antimony. Channel sampling from underground faces revealed bonanza-grade intervals including 8 metres at 28.5g/t gold and 1.3 metres grading 0.42% antimony. Notably, this high-grade zone remains untested along strike and at depth, setting the stage for upcoming exploration.

Upcoming Drilling to Test Multiple High-Grade Targets

Moho is primed to commence a 5,000-metre reverse circulation drilling program in mid-May, targeting Rocky Ridge and several other promising prospects such as Gage Road, CBco, Single Fin, Little Creature, and Swan. The company has secured a specialised track-mounted rig designed to operate in steep terrain, which should reduce environmental impact and earthworks, particularly at Rocky Ridge.

Alongside drilling, a 4,000-sample soil campaign initiated in March continues to refine and rank targets across the Bush Chook project. This methodical approach aims to unlock near-surface high-grade gold ounces within the Mosquito Creek Basin, a region with a rich history of gold production totaling around 2.5 million ounces.

Additional Targets Bolster Exploration Pipeline

The newly acquired licence also encompasses two undrilled targets: the Northern Target, with rock chips up to 8.81g/t gold over a 130-metre trend, and the Eastern Target, where historic workings and assays up to 57.2g/t gold indicate further potential. These will undergo detailed mapping ahead of potential drilling.

Other Bush Chook prospects slated for May drilling include Gage Road, where trenching delivered intervals such as 9 metres at 1.85g/t gold; CBco, showing mineralisation over 450 metres with rock chips up to 5.1g/t; and Little Creature, with rock chips up to 5.6g/t gold and soil samples reaching 252ppb. This diversified target portfolio enhances Moho’s chances of discovering economically viable mineralisation.

Financial Position and Deferred Payments

As of 31 March 2026, Moho held $1.72 million in cash, supporting its aggressive exploration agenda. The company also expects deferred cash payments this year from the divestment of non-core assets including the Empress Springs and East Sampson Dam Gold Projects, as well as the Silver Swan North Project. These inflows should further bolster funding for ongoing activities.

Exploration expenditure for the quarter was $249,186, reflecting active fieldwork without any mining production or development during the period. Payments to related parties, primarily director fees, totalled $44,000.

Moho’s strategy of expanding its tenement holdings and refining drill targets through soil sampling and trenching follows a clear trajectory of advancing early-stage projects towards development. The company’s recent Silver Swan North sale boosting funds and the earlier high-grade gold expansion at Bush Chook underpin this momentum.