tiprankstipranks
Trending News
More News >

Diablo Resources Secures Drill Permits for Phoenix Copper Project

Story Highlights
  • Diablo Resources focuses on copper exploration at its Phoenix Copper Project in the USA.
  • The company received drill permits for key prospects, advancing its maiden drill program in 2025.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Diablo Resources Secures Drill Permits for Phoenix Copper Project

Confident Investing Starts Here:

Diablo Resources Limited ( (AU:DBO) ) has provided an update.

Diablo Resources Limited has received drill permit approvals from the Bureau of Land Management for its Trenton and Philadelphia Prospects at the Phoenix Copper Project in Utah, USA. This marks a significant milestone for the company as it prepares to commence its maiden drill program in Q3 2025, targeting areas with promising copper mineralization. The approvals allow for extensive drilling, with 30 drill holes at Trenton and 15 at Philadelphia, where previous sampling has shown high copper concentrations. This development is expected to enhance Diablo’s operational capabilities and strengthen its position in the copper mining industry.

More about Diablo Resources Limited

Diablo Resources Limited is a mining company focused on copper exploration and development. The company operates the Phoenix Copper Project in southwestern USA, near the Utah/Colorado border, which is known for its sediment-hosted copper mineralization. The project is strategically located along the strike from the Lisbon Valley Copper Mine, a significant copper-producing site.

Average Trading Volume: 398,983

Technical Sentiment Signal: Buy

For an in-depth examination of DBO stock, go to TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1