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Diablo Resources Limited
(Sydney:DBO)
Diablo Resources Limited (DBO) vs. iShares MSCI Australia ETF (EWA)
Diablo Resources Limited Business Overview & Revenue Model
Diablo Resources Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -762.53K | -762.53K | -9.77M | -517.09K | -806.27K | -98.24K |
| Net Income | -762.53K | -762.53K | -9.77M | -4.15M | -806.27K | -98.24K |
Balance Sheet | ||||||
| Total Assets | 764.64K | 764.64K | 821.63K | 10.04M | 13.66M | 13.99M |
| Cash, Cash Equivalents and Short-Term Investments | 180.33K | 180.33K | 556.58K | 2.52M | 4.24M | 5.99M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 19.04K |
| Total Liabilities | 236.11K | 236.11K | 114.77K | 530.99K | 64.38K | 98.24K |
| Stockholders Equity | 528.53K | 528.53K | 706.86K | 9.51M | 13.59M | -98.24K |
Cash Flow | ||||||
| Free Cash Flow | -563.90K | -563.90K | -491.20K | -1.38M | -1.76M | -19.04K |
| Operating Cash Flow | -563.90K | -563.90K | -491.20K | -390.08K | -323.40K | -19.04K |
| Investing Cash Flow | -355.02K | -355.02K | -2.43M | -1.17M | -1.58M | 0.00 |
| Financing Cash Flow | 542.67K | 542.67K | 958.47K | 0.00 | 6.00M | 19.04K |
Diablo Resources Limited Technical Analysis
Diablo Resources Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | AU$7.53M | -2.97 | -127.51% | ― | 168.85% | 13.51% | |
49 Neutral | AU$44.99M | -28.38 | -51.49% | ― | ― | 5.93% | |
48 Neutral | AU$4.22M | -13.85 | -66.08% | ― | ― | 80.88% | |
46 Neutral | AU$6.13M | -3.88 | -123.45% | ― | ― | 92.98% | |
43 Neutral | AU$3.97M | -1.18 | -37.62% | ― | ― | 76.76% | |
41 Neutral | AU$20.85M | -10.75 | -32.31% | ― | ― | 69.23% |
Diablo Resources Limited Corporate Events
Diablo Resources Limited has appointed experienced Certified Practising Accountant Paul Jurman as its new Company Secretary, effective 1 February 2026, following the resignation of Shaun Menezes, whom the board thanked for his service. Jurman, who also serves as company secretary for several other ASX-listed resource companies, will be responsible for ASX communications under Listing Rule 12.6, while Diablo has also updated its registered office and principal place of business to new premises in Mt Hawthorn, Western Australia, signalling an administrative refresh of its corporate governance and compliance functions.
The most recent analyst rating on (AU:DBO) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on Diablo Resources Limited stock, see the AU:DBO Stock Forecast page.
Diablo Resources Limited reported its quarterly Appendix 5B cash flow for the period ended 31 December 2025, highlighting a continued focus on exploration and evaluation spending and corporate administration costs, with no receipts from customers reflecting its pre-revenue exploration status. The company recorded net operating cash outflows of A$456,000 and investing outflows of A$530,000 for the quarter, largely driven by A$530,000 in exploration and evaluation expenditure, while financing activities contributed a net A$1.805 million through equity issues and option exercises, lifting the cash balance from A$124,000 at the start of the quarter despite ongoing project and corporate spending, which underlines its reliance on capital markets to fund exploration progress.
The most recent analyst rating on (AU:DBO) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Diablo Resources Limited stock, see the AU:DBO Stock Forecast page.
Diablo Resources’ quarterly report highlights rapid progress at its newly acquired Star Range silver‑antimony project in the US, where initial geological mapping and rock sampling across multiple prospects have returned exceptionally high silver grades and notable antimony and gold values. The company has expanded the project area to 186 claims, completed a drone aeromagnetic survey with interpretation due in early 2026, and continues field programs with additional assay results pending, underscoring the project’s potential to add a significant high‑grade precious and critical metals asset to its portfolio. At its Phoenix Copper Project, Diablo reported encouraging copper intersections from its maiden drilling at the Philadelphia Prospect and completed further drilling at both Philadelphia and Fair Dinkum, following surface sampling that showed strong copper and silver grades; assays from these additional holes are expected in the coming quarter. On the corporate front, Diablo raised A$2 million to fund US exploration, commenced trading on the OTCQB to broaden North American investor access, refreshed its board and investor relations capabilities, and engaged in high‑level critical minerals discussions in Washington, moves that collectively enhance its funding, visibility and strategic positioning in the US-focused critical minerals landscape.
The most recent analyst rating on (AU:DBO) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Diablo Resources Limited stock, see the AU:DBO Stock Forecast page.
Diablo Resources has identified nine priority exploration targets at its Star Range Silver-Antimony-Copper Project in Utah following the completion and independent interpretation of a drone aeromagnetic survey. The new geophysical data confirm the company’s exploration model and highlight the North Star prospect as the highest-priority drill target, where favourable structural features coincide with high-grade silver, antimony and copper surface assays over a mineralised trend extending roughly 3 km. The results are expected to fast-track Diablo’s maiden drilling program and permitting, aligning with surging silver prices and rising U.S. domestic demand for critical metals such as copper, which collectively enhance the strategic and economic potential of the project for the company and its stakeholders.
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.
Diablo Resources has reported further high-grade assay results from reconnaissance rock sampling at its Star Range Project in Utah, confirming multiple silver-antimony-copper-gold systems and extending known mineralised trends while defining new prospects. Standout surface assays include silver up to 880 g/t, gold to 9.3 g/t, copper to 7.4% and antimony to 0.6%, with the North Star prospect emerging as a priority drill target along more than 3km of open mineralised breccia and vein trends, and new East Star and West Star areas identified with strong polymetallic results. With airborne magnetic interpretation nearing completion and drill permitting under way, these results enhance the project’s scale potential and strategic relevance amid strong market conditions for critical minerals, underpinned by rising prices for silver, copper and antimony, and could materially influence Diablo’s exploration trajectory and attractiveness to investors.
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.
Diablo Resources Limited has completed drilling at its Phoenix Copper Project in Utah and is advancing exploration at the Star Range Silver-Antimony Project. The company is actively pursuing additional opportunities in the U.S. critical minerals sector, aiming to capitalize on domestic supply initiatives and strengthen its market presence through strategic corporate initiatives.
Diablo Resources Limited has announced promising initial results from its Star Range Critical Minerals Project in Utah, confirming high-grade silver and antimony mineralization across multiple prospect areas. The project, consisting of 186 lode claims, is strategically positioned near historical and active mining sites, and the company is preparing for its maiden drilling program. These developments align with the company’s strategy to enhance its position in the critical minerals market, particularly as the U.S. seeks to bolster its domestic supply of these essential resources.
Diablo Resources Limited has released an investor presentation highlighting its strategic mineral projects in Utah, emphasizing the region’s importance in America’s critical mineral supply chain. This announcement underscores the company’s commitment to leveraging its assets in a key jurisdiction, potentially enhancing its market position and offering promising opportunities for stakeholders.
Diablo Resources Limited has completed a drone magnetic survey at its Star Range Silver-Antimony Project in Utah. The survey aims to refine high-grade silver-antimony targets ahead of a maiden drilling program. The data from the survey is being processed to identify potential new structural and intrusive-related target zones, which will enhance the company’s exploration efforts. This development is part of Diablo’s strategy to leverage its extensive experience and partnerships in the US to maximize shareholder value amid a strong silver market.
Diablo Resources Limited has announced an upcoming investor webinar scheduled for December 4, 2025, where Chairman Paul Lloyd and CEO Lyle Thorne will provide updates on the company’s exploration activities. This event is an opportunity for stakeholders to gain insights into the company’s operations and future plans, potentially impacting investor confidence and market positioning.
Diablo Resources Limited has expanded its landholding at the Star Range Silver Antimony Project in Utah by over 60%, securing 82 new claims. This expansion aims to strengthen the district-scale system and deliver new high-priority exploration targets, aligning with the company’s commitment to critical minerals and ongoing exploration efforts.
Diablo Resources Limited has commenced drilling at its high-priority Fair Dinkum Prospect within the Phoenix Copper Project in Utah, USA. This marks a significant step in advancing its U.S. critical minerals strategy, especially as copper has been added to the U.S. Critical Minerals List. The drilling aims to explore copper targets that have shown promising early results, with potential for a multi-kilometre mineralized system. The company is also continuing exploration at its Star Range Silver-Antimony Project, positioning itself to benefit from increased U.S. policy and investment in domestic critical minerals production.
Diablo Resources Limited announced the cessation of Barnaby Egerton-Warburton as a director effective November 17, 2025. The notice details his interests in securities, including shares and options held indirectly through various entities. This change in directorship may impact the company’s strategic direction and stakeholder relations, as leadership transitions can influence operational and market positioning.
Diablo Resources Limited has announced the appointment of Matthew Blumberg as a director, effective November 17, 2025. Blumberg holds 131,977 ordinary shares and 1,250,000 unquoted options in the company, which are exercisable at $0.036 each and expire on April 23, 2028. This appointment is part of the company’s ongoing efforts to strengthen its leadership team and enhance its strategic direction.
Diablo Resources Limited has announced the appointment of Mr. Matthew Blumberg as a Non-Executive Director, enhancing the board’s financial and operational expertise. Mr. Blumberg’s experience in investment and resource-sector strategy, along with his strong U.S. connections, is expected to support Diablo’s growth and regulatory processes in the region. Additionally, Ellis Martin has joined as the U.S. Media and Investor Communications Advisor to boost the company’s profile in North America.
Diablo Resources Limited has announced the issuance of 1,250,000 unquoted equity securities in the form of options expiring on April 23, 2028, with an exercise price of $0.036. This issuance is part of an employee incentive scheme and is not intended to be quoted on the ASX, indicating a strategic move to incentivize employees and potentially align their interests with the company’s long-term goals.
Diablo Resources Limited announced the successful passing of all resolutions at its Annual General Meeting held on November 13, 2025. The resolutions included the adoption of the remuneration report, re-election of a director, approval of mandates, and ratification of share issues, which are expected to strengthen the company’s governance and operational framework.
Diablo Resources Limited has commenced trading on the OTCQB market in the United States under the symbol ‘DBORF’, enhancing accessibility and liquidity for U.S. investors. This strategic move allows Diablo to engage more effectively with U.S. capital markets and expand its investor base, supporting its exploration efforts in critical mineral projects across the western U.S.
Diablo Resources Limited has commenced exploration at its Star Range Project in Utah, USA, targeting high-grade silver-antimony zones. The project aims to validate historic high-grade findings and includes systematic sampling, mapping, and a drone aeromagnetic survey to refine drill targets. This initiative is part of Diablo’s strategy to capitalize on the increasing demand for critical minerals, with the U.S. government supporting domestic supply chains. The project is strategically located near historical mineral sites, enhancing its potential impact on the company’s operations and positioning in the critical minerals market.
Diablo Resources Limited reported its quarterly cash flow, highlighting a net cash outflow from operating activities of $14,000 and investing activities of $488,000, primarily due to exploration and evaluation expenses. The company raised $448,000 through financing activities, which included proceeds from equity securities and borrowings, resulting in a net increase in cash and cash equivalents for the period.
Diablo Resources Limited has completed its maiden drilling program at the Phoenix Copper Project, with nine holes drilled across the Philadelphia and Trenton prospects, and assay results expected in the fourth quarter of 2025. The company has also secured permits for further drilling and is expanding its U.S. mineral portfolio. Additionally, Diablo raised $396,000 through a placement to investors and completed a $2.0 million capital raise, demonstrating strong financial support for its exploration activities.