Moho has been awarded a $150,000 grant from the West Australian state government to drill for nickel within a poorly explored area in its Silver Swan North project.

The Exploration Incentive Scheme grant will be used to fund up to 50% of drilling costs for the reverse circulation and diamond drilling in the area, which has the potential to host komatiitic ultramafics within M27/263.

Moho Resources (ASX:MOH) will drill 10 holes to a depth of between 200m and 400m to provide a comprehensive section of geology. About 33% of the holes will be cored.

Two holes are also planned to test the electromagnetic conductor at the Omrah nickel target.

“Moho appreciates the WA government’s financial assistance under the Exploration Incentive Scheme to advance our understanding of the geology by drill testing the nickel prospective stratigraphy at the Silver Swan North project,” managing director Shane Sadleir.

“We are looking forward to implementing this exciting phase of nickel exploration very shortly.”

RC drilling is scheduled to begin in November.

Nickel potential

The company recently identified Omrah, Wise and Dukes, which are all within 10km of Poseidon Nickel’s Black Swan nickel plant, as high-priority nickel sulphide targets for follow-up drilling at Silver Swan North.

Both Wise and Omrah are located on or over the interpreted ultramafic lithologies on M27/263.

Moho plans to use geochemical fingerprinting technology on the upcoming wells to locate and distinguish nickel sulphide prospective geology.



This article was developed in collaboration with Moho Resources, a Stockhead advertiser at the time of publishing.


This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.