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An announcement from Diablo Resources Limited ( (AU:DBO) ) is now available.
Diablo Resources Limited has completed its maiden drilling program at the Phoenix Copper Project, with nine holes drilled across the Philadelphia and Trenton prospects, and assay results expected in the fourth quarter of 2025. The company has also secured permits for further drilling and is expanding its U.S. mineral portfolio. Additionally, Diablo raised $396,000 through a placement to investors and completed a $2.0 million capital raise, demonstrating strong financial support for its exploration activities.
More about Diablo Resources Limited
Diablo Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in the extraction of copper and is actively seeking to expand its portfolio in the U.S. critical minerals sector, targeting copper, cobalt, silver, antimony, and rare earths.
Average Trading Volume: 4,698,744
Technical Sentiment Signal: Sell
Current Market Cap: A$5.9M
Learn more about DBO stock on TipRanks’ Stock Analysis page.