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An announcement from Diablo Resources Limited ( (AU:DBO) ) is now available.
Diablo Resources has advanced its Star Range project in Utah during the March quarter, confirming high-grade silver, antimony, copper and gold mineralisation across multiple prospects and expanding the project footprint to about 5,242 acres. The company has integrated geophysical and geochemical data to define nine high-priority, walk-up drill targets along key intrusive-sediment contacts, positioning Star Range as a drill-ready, district-scale opportunity with maiden drilling planned for the June quarter.
At the Phoenix Copper Project’s Fair Dinkum prospect, first-pass drilling intersected shallow copper oxide mineralisation associated with the regional Flying Diamond Fault, indicating potential for scale and warranting follow-up drilling. Management also devoted significant effort to evaluating additional acquisition opportunities, signalling an intent to grow its U.S. critical minerals portfolio and potentially enhance long-term value for shareholders.
More about Diablo Resources Limited
Diablo Resources Limited is an exploration-focused mining company listed on the ASX and OTCQB, targeting silver, antimony, copper and gold projects in the U.S., particularly in Utah. Its portfolio includes the Star Range silver–antimony project near Milford and the Phoenix Copper Project, with a strategic focus on minerals critical to electrification, defence and advanced technologies.
Average Trading Volume: 575,919
Technical Sentiment Signal: Sell
Current Market Cap: A$3.54M
See more data about DBO stock on TipRanks’ Stock Analysis page.