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Diablo Resources Limited ( (AU:DBO) ) has provided an update.
Diablo Resources has identified nine priority exploration targets at its Star Range Silver-Antimony-Copper Project in Utah following the completion and independent interpretation of a drone aeromagnetic survey. The new geophysical data confirm the company’s exploration model and highlight the North Star prospect as the highest-priority drill target, where favourable structural features coincide with high-grade silver, antimony and copper surface assays over a mineralised trend extending roughly 3 km. The results are expected to fast-track Diablo’s maiden drilling program and permitting, aligning with surging silver prices and rising U.S. domestic demand for critical metals such as copper, which collectively enhance the strategic and economic potential of the project for the company and its stakeholders.
The most recent analyst rating on (AU:DBO) stock is a Hold with a A$0.02 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 exploration company focused on critical minerals, primarily silver, antimony and copper, with its flagship Star Range Project located in a Tier-1 mining jurisdiction in southwestern Utah, USA. The project spans 186 lode claims over approximately 3,582 acres near established infrastructure and in proximity to historically significant silver and copper mining operations, positioning the company within a highly prospective and established high-grade silver-producing region.
Average Trading Volume: 1,358,484
Technical Sentiment Signal: Buy
Current Market Cap: A$6.13M
For detailed information about DBO stock, go to TipRanks’ Stock Analysis page.