Moho Resources Limited announced that the air core drilling at the Burracoppin REE and Gold Project, which was referred to in the Company's ASX announcement of 2nd March 2023, has now been completed. The air core drilling program comprised 39 air core drillhole for 1,355m and had the following objectives: investigate the geological constraints of inferred drainage channels; test inferred drainage channels for potential clay-hosted REE mineralisation; investigate the bedrock source of elevated Dysprosium and Neodymium values; and follow up and test historic surface gold mineralisation. Assays are expected to be received in second quarter of 2023 (subject to laboratory processing times).

MOHO'S INTEREST IN THE BURRACOPPIN PROJECT: The Burracoppin project is a 1,139Km tenement package located approximately 250km northeast of Perth, Western Australia, comprising 10 granted exploration licences. Moho owns 70% interest in E70/4688 and a 100% interest in granted exploration tenements (E70/5154, E70/5299, E70/5300, E70/5301, E70/5302, E70/6307, E70/6308, E70/6309, E77/2671) and 3 exploration license applications (E70/6303, E77/3006, E77/3013. Moho and IGO Limited formed an unincorporated joint venture for the purpose of exploring and, if warranted, developing and mining on E70/4688.

IGO's 30% interest will be free carried until completion of a pre- feasibility study, at which time IGO may elect to contribute pro-rata to ongoing work or convert its 30% interest to a 10% free carried interest. Moho has also undertaken substantial exploration around E70/4688 and expanded the tenure of the Burracoppin Project. HIGHLIGHTS: 39 air core drillholes completed for 1,355m.

Targeting: interpreted channel zones with potential for ionic clay (REE) development - soils with elevated Dysprosium and Neodymium REE values - untested soils with coincident gold and arsenic anomalism. NEXT STEPS: Review and interpret assay results (anticipated in second quarter of 2023 (subject to laboratory processing times) - Model REE results to establish potential for ionic clay development and, if warranted, undertake further drilling other prospective areas of the tenements - Further drilling to follow up any significant bedrock REE and gold mineralisation encountered.