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Diablo Resources Limited ( (AU:DBO) ) just unveiled an announcement.
Diablo Resources Limited has received approval from the Bureau of Land Management to commence drilling at the Stateline Claim Block within its Phoenix Copper Project in Utah, USA. This development is part of the company’s strategy to expand its focus on critical minerals in the United States. The Stateline Claim Block, including the Fair Dinkum Prospect, is considered highly prospective for copper mineralization, and the drilling aims to explore copper deposits similar to those found in nearby established mines. The approval is a significant step forward in Diablo’s exploration efforts, aligning with the U.S. government’s priority to secure domestic supplies of critical minerals.
More about Diablo Resources Limited
Diablo Resources Limited operates in the critical minerals industry, focusing on the exploration and development of mineral resources, particularly copper, in the United States. The company’s primary project is the Phoenix Copper Project in Utah, which is strategically located in a proven copper-producing district.
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Technical Sentiment Signal: Buy
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