Moho Resources Unveils Two New Shallow Multi-Lode Gold Systems at Bush Chook Project After Successful Phase One Drilling

Gage Road Prospect Reveals First Shallow Gold System Spanning 200 Metres Strike Length

Moho Resources has defined a new shallow gold system at the Gage Road Prospect through inaugural drilling, identifying two mineralised gold lodes over a 200-metre strike length that remain open in both directions. Eleven RC holes were drilled to depths up to 102 metres, with ten holes intersecting significant gold mineralisation exceeding 0.5g/t Au, reflecting a 91% success rate. The two lodes form an en echelon array dipping 40 degrees eastward.

The gold mineralisation at Gage Road is hosted within quartz-pyrite veins in a metamorphosed interlayered siltstone-shale sequence, indicating a structurally controlled gold system. Key intercepts include 14 metres at 1.04g/t Au from 13 metres in hole 26RC0010, featuring internal higher-grade zones of 1 metre at 3.87g/t Au and 1 metre at 2.53g/t Au. Additional notable results include 5 metres at 1.53g/t Au from 30 metres in hole 26RC0013, with 2 metres at 2.96g/t Au, and 4 metres at 1.96g/t Au from 22 metres plus 2 metres at 1.34g/t Au from 32 metres in hole 26RC0011. The open-ended nature of these lodes suggests potential for further mineralisation extensions.

CBco Prospect Defines Two Gold Lodes Across 420 Metres of Strike

The CBco Prospect marks another major discovery for Moho Resources, with initial drilling delineating two distinct mineralised lodes over 420 metres of strike length that remain open for expansion. Eighteen shallow RC holes were completed, with fifteen intercepting significant gold mineralisation above 0.5g/t Au, yielding an 83% success rate. This higher success rate compared to Gage Road underscores the prospectivity of the area and the quality of exploration.

Gold mineralisation at CBco occurs within quartz-pyrite veins and quartz-sericite-pyrite altered metasedimentary rocks, indicating a mineralisation style distinct from Gage Road. Top intercepts include 15 metres at 0.84g/t Au from 64 metres in hole 26RC0032, which contains 9 metres averaging 1.06g/t Au from 65 metres. Hole 26RC0031 returned 1 metre at 2.54g/t Au from 71 metres, indicating high-grade zones, while hole 26RC0036 recorded 2 metres at 1.27g/t Au from 31 metres, including 1 metre at 1.97g/t Au. The lodes remain open along strike and at depth, mirroring Gage Road’s potential for extension.

Regional Soil Sampling Highlights Multiple Gold Anomalies and New Drill Targets

Moho Resources’ regional soil sampling program has returned all assays, offering a detailed overview of gold potential across the Bush Chook Project. Out of 4,948 samples, 1,516 exceeded 10 parts per billion gold, representing over 30% anomalous values. The program identified 19 soil samples above 1 gram per tonne gold, indicating several significant mineralised zones. Two major anomalies, named 2026 Anomaly 1 and 2026 Anomaly 2, span 750 to 1,500 metres respectively, each containing multiple samples exceeding 1g/t Au.

These soil sampling results have broadened Moho Resources’ exploration pipeline at Bush Chook, providing numerous targets for follow-up drilling and ground exploration. The large-scale anomalies suggest potential major gold systems within the project area. These targets will be prioritized during the current quarter for inclusion in the Phase Two drilling program planned for Q4 2026. This regional targeting approach combines detailed soil geochemistry with structural analysis to identify high-probability drill targets.

Palyku-Jartayi Heritage Agreement Unlocks 80% of Bush Chook Project for Exploration

The recently signed Palyku-Jartayi Heritage Agreement marks a significant milestone, granting Moho Resources access to 80% of the Bush Chook Project previously unavailable for exploration. This agreement provides legal certainty for exploration activities and reflects engagement with Indigenous stakeholders. It enables drill testing at high-priority Emu and Bright Tank prospects, which were inaccessible before the agreement.

The heritage agreement also accelerates regional exploration and target generation across newly accessible areas, representing a material enhancement in the company’s ability to explore Bush Chook’s full gold potential. Its timing ahead of Phase Two drilling allows seamless progression into previously restricted zones, removing logistical and permitting barriers. This achievement underscores Moho Resources’ commitment to sustainable exploration and community collaboration.

Rocky Ridge Drilling Concluded Early After Limited High-Grade Zone Strike Identified

Moho Resources completed seven of the planned 22 RC holes at the Rocky Ridge Prospect, opting to end drilling early after determining the high-grade gold zone at Southwest Adit 1 underground workings and historic hole TMX201 extends less than 20 metres in strike. The drilling tested roughly 50 metres of strike up- and down-dip from the projected mineralised zone. Geological logging showed alteration and quartz veining, key gold indicators, diminish quickly away from the underground workings.

This early cessation reflects prudent exploration strategy, redirecting resources from a prospect with limited strike to higher-priority targets with greater discovery potential. The single intercept from Rocky Ridge was 2 metres at 1.4g/t Au including 1 metre at 1.88g/t Au from 53 metres, confirming mineralisation but supporting the limited extent interpretation. This demonstrates the company’s disciplined capital allocation, focusing exploration on targets with strong economic potential.

Emu Prospect Features 200-Metre Outcropping Gold-Bearing Quartz Vein Near Barton Gold Mine

The Emu Prospect is a high-priority drill target, featuring a 200-metre-long, up to 20-metre-wide outcropping gossanous quartz vein with consistent high-grade surface gold mineralisation over 100 metres. Rock chip samples averaged 5.9 grams per tonne gold, with individual assays up to 13.4 grams per tonne, indicating significant surface enrichment. Located about 2 kilometres from AIM Mining’s Barton Gold Mine, which is actively producing gold underground, Emu benefits from proximity to proven mineralisation.

This close location to an operating gold mine reduces exploration risk, confirming economic gold mineralisation in the area. The outcropping deposit offers direct visual drill targets, with the 100-metre high-grade surface zone providing clear focus. Phase Two drilling will prioritize Emu to assess depth and tonnage potential during Q4 2026.

Bright Tank Prospect Identifies Two Outcropping High-Grade Gold Zones Along 600-Metre Trend

The Bright Tank Prospect comprises two clusters of outcropping gold mineralisation within a 600-metre mineralised trend, offering multiple drill targets within a defined geological structure. Identified through systematic exploration and surface mapping, these clusters suggest multiple gold concentration zones possibly reflecting varied mineralisation styles or structural controls.

Bright Tank is slated for Phase Two drill testing in Q4 2026. The extensive 600-metre trend provides ample opportunity to define economic gold deposits. Like Emu, the outcropping mineralisation reduces exploration risk by confirming surface gold presence. The upcoming program will test mineralisation depth and define tonnage and grade to evaluate economic viability.

Phase Two Exploration Program Set for Q4 2026 Targeting Multiple Prospects

Moho Resources announced that Phase Two exploration at Bush Chook is underway, with drilling expected to begin in Q4 2026. Objectives include testing for thicker, higher-grade gold zones at Gage Road and CBco, and drilling high-priority Emu and Bright Tank prospects. The company also aims to expand its discovery pipeline by testing targets identified from recent regional soil sampling in newly accessible areas unlocked by the heritage agreement.

This staged exploration approach, moving from Phase One reconnaissance to Phase Two follow-up drilling, reflects a disciplined strategy to maximize discovery while managing risk. Targeting incorporates Phase One results, geological mapping, soil geochemistry, and heritage access. Additional target development during the current quarter will prioritize drill sites. The broadened scope of Phase Two positions Moho Resources for a robust exploration campaign over the next six to nine months.

Chairman Highlights Initial Drilling Success and Strategic Advancements

Moho Resources Chairman Peter Christie praised the successful Phase One drilling, noting that reconnaissance at Gage Road and CBco identified gold-bearing structures that remain open along strike. He emphasized plans for wide-spaced drilling to test for thicker, higher-grade zones capable of hosting economic deposits, reflecting board confidence in exploration outcomes and strategic direction.

Chairman Christie also underscored the Palyku-Jartayi Heritage Agreement’s importance in unlocking access to previously restricted areas. He confirmed plans to drill test Emu and Bright Tank prospects and new targets from soil sampling programs, highlighting active target development ahead of Phase Two drilling. This commentary demonstrates the board’s commitment to expanding the exploration pipeline and maximizing Bush Chook’s discovery potential through systematic, disciplined efforts.

Geological Features and Mineralisation Styles Indicate Economic Deposit Potential

The geological characteristics at Gage Road and CBco support the potential for economic gold deposits. At Gage Road, mineralisation within quartz-pyrite veins in metamorphosed siltstone-shale forms a structurally controlled system with well-defined lode geometry. The en echelon lodes dip 40 degrees east and extend at least 200 metres, with consistent higher-grade zones such as 3.87g/t Au within a 14-metre interval indicating concentrated gold mineralisation.

CBco’s mineralisation occurs in quartz-pyrite veins and quartz-sericite-pyrite altered metasedimentary rocks, representing a distinct alteration style possibly due to varying depth, temperature, or fluid chemistry. An 83% intersection rate and defined lode geometry over 420 metres underscore its prospectivity. The presence of two mineralisation styles at Bush Chook suggests multiple episodes or environments conducive to gold concentration, potentially supporting larger tonnage systems at depth.