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The latest announcement is out from Diablo Resources Limited ( (AU:DBO) ).
Diablo Resources’ quarterly report highlights rapid progress at its newly acquired Star Range silver‑antimony project in the US, where initial geological mapping and rock sampling across multiple prospects have returned exceptionally high silver grades and notable antimony and gold values. The company has expanded the project area to 186 claims, completed a drone aeromagnetic survey with interpretation due in early 2026, and continues field programs with additional assay results pending, underscoring the project’s potential to add a significant high‑grade precious and critical metals asset to its portfolio. At its Phoenix Copper Project, Diablo reported encouraging copper intersections from its maiden drilling at the Philadelphia Prospect and completed further drilling at both Philadelphia and Fair Dinkum, following surface sampling that showed strong copper and silver grades; assays from these additional holes are expected in the coming quarter. On the corporate front, Diablo raised A$2 million to fund US exploration, commenced trading on the OTCQB to broaden North American investor access, refreshed its board and investor relations capabilities, and engaged in high‑level critical minerals discussions in Washington, moves that collectively enhance its funding, visibility and strategic positioning in the US-focused critical minerals landscape.
The most recent analyst rating on (AU:DBO) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Diablo Resources Limited stock, see the AU:DBO Stock Forecast page.
More about Diablo Resources Limited
Diablo Resources Limited is an ASX- and OTCQB-listed mineral exploration company focused on copper and precious/critical metals projects in the United States. Its portfolio includes the Phoenix Copper Project and the newly acquired Star Range silver-antimony project, positioning the company in commodities considered important for both industrial uses and emerging critical minerals supply chains.
Average Trading Volume: 1,287,658
Technical Sentiment Signal: Buy
Current Market Cap: A$6.13M
Learn more about DBO stock on TipRanks’ Stock Analysis page.