Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Diablo Resources Limited ( (AU:DBO) ) has issued an announcement.
Diablo Resources has expanded its Star Range Silver-Antimony Project in Utah to about 5,242 acres by securing an additional Trust Lands Administration lease adjacent to the high-priority South Star Prospect. The new tenure consolidates similar geology to South Star, strengthening geological continuity and increasing the overall scale of the project.
The newly acquired ground contains prospective structural trends and historic workings aligned with known mineralised zones, creating immediate priority targets for follow-up work. Diablo has commenced field mapping and sampling, while an Induced Polarisation survey over the STAR 01 anomaly at the North Star Prospect has been completed with results pending, potentially shaping the next phase of exploration activity.
The Star Range Project benefits from established infrastructure near Milford, Utah, and lies close to historically significant operations such as the Horn Silver mine and current open-pit copper workings. This positioning, combined with U.S. and Utah state interest in securing domestic critical mineral supplies, underscores the strategic significance of Diablo’s expanded footprint for shareholders and regional supply chains.
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 Australian-listed exploration company focused on critical minerals, particularly silver and antimony, at its Star Range Project in southwestern Utah, U.S. The company targets structurally controlled mineralisation near historic high-grade districts, aiming to supply U.S. domestic critical mineral demand through its growing land position and exploration programs.
Average Trading Volume: 1,089,182
Technical Sentiment Signal: Sell
Current Market Cap: A$5.42M
For an in-depth examination of DBO stock, go to TipRanks’ Overview page.