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Diablo Resources Boosts Cash Position Through Equity Raising Amid Ongoing Exploration Spend

Story Highlights
  • Diablo Resources remains a pre-revenue explorer, spending mainly on exploration and corporate costs.
  • Quarterly cash burn was offset by A$1.8m net financing, increasing the company’s cash position.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Diablo Resources Boosts Cash Position Through Equity Raising Amid Ongoing Exploration Spend

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Diablo Resources Limited ( (AU:DBO) ) just unveiled an update.

Diablo Resources Limited reported its quarterly Appendix 5B cash flow for the period ended 31 December 2025, highlighting a continued focus on exploration and evaluation spending and corporate administration costs, with no receipts from customers reflecting its pre-revenue exploration status. The company recorded net operating cash outflows of A$456,000 and investing outflows of A$530,000 for the quarter, largely driven by A$530,000 in exploration and evaluation expenditure, while financing activities contributed a net A$1.805 million through equity issues and option exercises, lifting the cash balance from A$124,000 at the start of the quarter despite ongoing project and corporate spending, which underlines its reliance on capital markets to fund exploration progress.

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-listed mining exploration company focused on early-stage resource projects, with activities and expenditures primarily directed toward exploration and evaluation rather than production or operating revenue.

Average Trading Volume: 1,287,658

Technical Sentiment Signal: Buy

Current Market Cap: A$6.13M

For an in-depth examination of DBO stock, go to TipRanks’ Overview page.

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