Page 30 - pd281-Apr20-mag-web_Neat

AUstRALIAn GoLD

Moho prepares to mine

ith the market increasingly volatile metallurgical test work and drilling also has some great potential for the compa-
Wfor juniors, Moho Resources Ltd is planned for this quarter. ny,” Winter said.
preparing to transition towards self-fund- “I’m reasonably confident that we’ll “There’s still a lot of work to do in that
ed exploration by the end of the year. come out with a pretty positive scoping area in terms of further mapping and
Over the next nine months, Moho in- study and JORC resource at the conclu- ground work, drilling and so on, but we
tends to put its East Sampson Dam gold sion of all this work,” Moho managing think it’s a very nice project that could
project – 50km north of Kalgoorlie – into director Shane Sadleir said. generate some cash flow for us down
production. Cash flow from processing “We’re just so fortunate that we’re in the track.”
via a third-party mill will then be pushed this position where we’re close to all this Moho also received another timely
back into exploration of the company’s fantastic infrastructure. Even Blind Fred- funding boost in late February with the
other assets in Western Australia and die can see this is where we should be Queensland Government, via its Collab-
Queensland. focusing.” orative Exploration Incentive, awarding a
“If we can get East Sampson Dam into Moho has shortlisted a handful of $112,000 grant for future exploration at
production before the end of the year, nearby plants for potential third-party Empress Springs, about 25km south of
we can start to bring in cash flow for the processing, but will wait until after the Croydon.
company and then push those funds scoping study is finalised before advanc- Work at Empress Springs – a former
back into our exploration efforts, which ing negotiations to the next stage. IGO Ltd project – is currently on hold due
is obviously going to be of real benefit Last month the company also com- to heavy rainfall in the area and Moho’s
to Burracoppin and Empress Springs,” pleted its first aircore programme over Perth-based team being unable to fly to
Moho commercial director Ralph Winter Burracoppin project, about 22km west north-west Queensland due to coronavi-
told Paydirt. of Ramelius Resources Ltd’s Edna May rus-induced domestic travel restrictions.
“We still very much believe in all of our operation in WA’s Wheatbelt region. Re- However, Moho hopes to be back on
projects, but I suppose we’ve shifted our sults from the 37-hole campaign are ex- the ground as soon as possible to con-
focus slightly to be a company that can pected at the end of this month. tinue exploring what Sadleir refers to as
fund itself and not have to rely on the While Burracoppin is not as advanced an “obvious Tier 1 exploration project”.
market too much. as East Sampson Dam, Moho is con- “It’s got smoke everywhere, but you’ve
“Given that we already had a granted fident the project can one day follow a got 30-50m of cover over the top,” Sad-
mining lease [at East Sampson Dam] similar path to production. leir said.
and we already had some fantastic gold “Burracoppin is a bit of an interesting “We’ve done a lot of drilling and we’ve
results on that tenement, it was pretty one for us, as it’s always sort of been in picked up some extra ground. We were
much a no-brainer for us with the gold the background a little bit, but it definitely hoping to get on to this new ground on
price where it is. And it’s grown the north-west side, but we’ll
from when we started this pro- probably have to put that back
cess a little while back now.” until later this year. It’s one of
East Sampson Dam – part the big things that’s come out
of Moho’s broader Silver Swan of the work we’ve been doing
North gold-nickel project – was with Jon Hronksy, who is a big
identified as the first cab off the supporter of this project.”
production rank given it sits on While gold is the prime focus
a granted mining lease. for Moho, the company has re-
Up to 11 gold processing tained a watching brief on op-
plants are within a 100km ra- portunities in the nickel space
dius of the project. despite exploration at Silver
Moho received a $1.28 mil- Swan North so far failing to re-
lion R&D government rebate turn the desired results.
in late February from explo- Western Areas Ltd founder
ration across its portfolio in and nickel bull Terry Streeter
FY2019. The company plans is non-executive chairman of
to use some of those funds to Moho.
build on the recent drilling suc- “We’re still hoping to find
cess at East Sampson Dam, some nickel mineralisation in
including hits of 15m @ 4.71 that general area...but at this
g/t gold from 88m (including stage, even though it’s in a
3m @ 15.18 g/t from 100m), great position close to a pro-
5m @ 4.71 g/t gold from 19m duction plant, the nickel price
(including 3m @ 3.37 g/t from is not going anywhere and our
19m and 1m @ 24.3 g/t from main focus is on gold,” Sadleir
25m) and 2m @ 17.7 g/t gold said.
from 72m.
Internal mining studies are – Michael Washbourne
now under way, with further
Moho is aiming to become a self-funded explorer

Page 30 aPRIL 2020 aUSTRaLIa’S PaYDIRT