Non-core project sale adds momentum to Bush Chook drilling
Filed with ASX · · 10 pages · English
Summary by 6ix AI
Moho Resources Ltd. has announced the sale of its Silver Swan North Project to Mineral Mining Services Pty Ltd, which is expected to enhance its financial position and focus on the Bush Chook Project. The sale includes a binding agreement with a total consideration involving an upfront payment and a milestone payment upon conversion to a mining lease, along with a royalty on gross revenue. This strategic divestment coincides with the commencement of a maiden drilling program at the Swan Gold Prospect within the Bush Chook Project. The company aims to unlock the potential of the Bush Chook Project, which is now being actively drilled, marking a significant phase in its exploration efforts.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Story so far
Earlier from Moho Resources
- Bush Chook Drilling Update
- Maiden Bush Chook drilling to start in November
- Maiden Bush Chook soil program delivers 1.4km gold anomaly
- $2.0m Placement to Fund Bush Chook Drilling
- Trading Halt
Later from Moho Resources
- Bush Chook drilling complete and new Tenements Acquired
- Response to ASX Price Query
- Quarterly Activities/Appendix 5B Cash Flow Report
- Bush Chook Project Update
- New Drill Targets Unlocked Following Tenement Grants
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