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The latest update is out from Moho Resources Ltd. ( (AU:MOH) ).
Moho Resources has expanded its Bush Chook Gold Project in Western Australia’s Pilbara by acquiring a new prospecting licence that hosts several high-grade gold-antimony targets within 30km of AIM Mining’s 1.8 Mtpa Golden Eagle processing plant. The new ground includes the Rocky Ridge prospect, an historic high-grade mine that produced 932 ounces of gold at an average grade of 85 grams per tonne from shallow workings, alongside untested Northern and Eastern targets with rock-chip samples up to 57.2 grams per tonne.
The company plans a 5,000-metre reverse circulation drilling program in May across multiple prospects, including Rocky Ridge, to test these Blue Spec-style gold-antimony systems, supported by an ongoing 4,000-sample soil campaign and additional crews to accelerate target generation over the 442 square kilometre project. The proximity to existing processing infrastructure and the geological similarity to the nearby Blue Spec deposit underscore the strategic potential of the acquisition, which could materially enhance Moho’s project pipeline if drilling confirms continuity of high-grade mineralisation.
The most recent analyst rating on (AU:MOH) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Moho Resources Ltd. stock, see the AU:MOH Stock Forecast page.
More about Moho Resources Ltd.
Moho Resources Ltd. is an Australian exploration company focused on gold and associated metals, with key projects in Western Australia’s Pilbara region. The company targets high-grade gold and gold-antimony prospects near existing processing infrastructure, positioning itself to leverage nearby plants for potential future development and production options.
Average Trading Volume: 8,776,173
Technical Sentiment Signal: Sell
Current Market Cap: A$7.33M
See more data about MOH stock on TipRanks’ Stock Analysis page.