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Moho Resources Ltd. ( (AU:MOH) ) has issued an update.
Moho Resources Ltd, an Australian natural resources explorer, is focused on early-stage gold and other metals projects in Western Australia and controls 100% of its asset portfolio. The company’s flagship Bush Chook Gold Project in the Pilbara Craton currently anchors its strategic efforts, under the guidance of a board that blends commercial, capital markets and geological capabilities.
Moho has completed the sale of its non-core Silver Swan North Project to Mineral Mining Services for an upfront cash payment of $500,000, with an additional $500,000 milestone payment and a 1% gross revenue royalty tied to future production. The transaction strengthens Moho’s balance sheet and frees capital to accelerate exploration at its Bush Chook Project, sharpening its strategic focus on key gold assets while retaining exposure to potential upside from Silver Swan North through the royalty structure.
More about Moho Resources Ltd.
Moho Resources Ltd is an Australian natural resources company focused on advancing early-stage gold and other metals projects in Western Australia through exploration towards development. The company holds 100% of its project portfolio, with the Bush Chook Gold Project in the Pilbara Craton as its current priority focus area, supported by a board combining financial, corporate and technical mining expertise.
Average Trading Volume: 8,360,193
Technical Sentiment Signal: Sell
Current Market Cap: A$9.46M
For detailed information about MOH stock, go to TipRanks’ Stock Analysis page.