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The latest announcement is out from Diablo Resources Limited ( (AU:DBO) ).
Diablo Resources Limited has announced the acquisition of the Phoenix Copper Project, located near the Lisbon Valley Copper Mine in Utah, USA. Initial sampling has shown promising results, with high-grade copper mineralization and potential for significant exploration opportunities. The project offers a strategic advantage due to its proximity to existing copper production, and the company’s planned exploration activities could enhance its positioning in the copper market. Diablo’s technical team aims to leverage modern exploration techniques to identify drill targets for the 2025 exploration season, potentially increasing the company’s copper resources and impact in the industry.
More about Diablo Resources Limited
Diablo Resources Limited (ASX:DBO) is involved in the mining industry, primarily focusing on copper exploration and production. The company has identified and staked the Phoenix Copper Project in southwestern USA, near the Utah/Colorado border, which lies along strike from an operating copper mine.
YTD Price Performance: 11.11%
Average Trading Volume: 129,298
Technical Sentiment Consensus Rating: Hold
See more data about DBO stock on TipRanks’ Stock Analysis page.
