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The latest announcement is out from Diablo Resources Limited ( (AU:DBO) ).
Diablo Resources Limited has successfully raised $396,000 through a share placement to sophisticated and professional investors. The funds will be used to advance exploration at the Phoenix Copper Project, with drilling programs set to commence at the Trenton and Philadelphia Prospects, which have shown promising copper and silver sampling results. This strategic move is expected to enhance the company’s exploration capabilities and potentially strengthen its position in the copper mining sector.
More about Diablo Resources Limited
Diablo Resources Limited is a company operating in the mining industry, focusing on copper exploration and development. The company is engaged in advancing its Phoenix Copper Project, which is strategically positioned near the Lisbon Valley Copper Mine.
Average Trading Volume: 327,466
Technical Sentiment Signal: Buy
For a thorough assessment of DBO stock, go to TipRanks’ Stock Analysis page.