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Diablo Resources Limited ( (AU:DBO) ) just unveiled an announcement.
Diablo Resources has expanded its Star Range critical minerals project in Utah by staking an additional 52 unpatented lode claims, increasing the project footprint from 186 to 238 claims over approximately 4,596 acres. The new ground covers the interpreted northerly extension of the North Star Prospect, where high-grade silver-antimony-copper rock samples coincide with priority geophysical targets, extending mineralised trends to roughly 4 km of strike, including about 1 km on the newly acquired ground. Recent mapping, sampling and geophysical work have confirmed North Star as the company’s highest-priority drill target, and Diablo is finalising logistics and planning for a ground-based induced polarisation survey ahead of a maiden drilling program, positioning the project as a potential domestic source of antimony and silver aligned with U.S. critical minerals strategy.
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 explorer focused on critical minerals, particularly silver and antimony, at its Star Range Project in southwestern Utah. The project, located near historic and current mining operations such as the Horn Silver mine and Milford Copper Mine, targets high-grade precious and base metal mineralisation with strong infrastructure access including roads, power, gas pipelines and rail.
Average Trading Volume: 1,239,183
Technical Sentiment Signal: Buy
Current Market Cap: A$6.13M
See more insights into DBO stock on TipRanks’ Stock Analysis page.