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Diablo Resources Limited (AU:DBO)
ASX:DBO
Australian Market

Diablo Resources Limited (DBO) AI Stock Analysis

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AU:DBO

Diablo Resources Limited

(Sydney:DBO)

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Neutral 42 (OpenAI - 5.2)
Rating:42Neutral
Price Target:
AU$0.02
â–¼(-40.00% Downside)
Action:ReiteratedDate:03/13/26
The score is driven primarily by weak financial performance (no revenue, ongoing losses, and persistent cash burn despite no debt), reinforced by bearish technical trend signals (price below major moving averages and negative MACD). Valuation is constrained by negative earnings and no dividend support.
Positive Factors
Low leverage / no debt
Zero reported debt is a durable financial advantage for an exploration company: it reduces insolvency risk, preserves financing optionality, and allows management to prioritize project evaluation rather than debt service. Over 2–6 months this supports survival through funding cycles and partner negotiations.
Established funding pathways
Clear, typical exploration-stage funding mechanisms (placements, farm-outs, JV contributions, option/milestone payments) are documented. These structural avenues reduce execution risk on a multi-month horizon because management can pursue partner funding or capital raises to sustain programs without relying on near-term revenue.
Narrowing net losses in 2025
A materially smaller loss in 2025 indicates improving cost control or program efficiency. While still unprofitable, a sustained trend of narrowing losses can extend runway between raises and improve partner interest for farm-outs, supporting ongoing exploration activities over the coming months.
Negative Factors
Persistent negative cash flow
Consistent negative operating and free cash flow reflects real cash burn rather than non-cash accounting losses. This durable cash outflow profile forces repeated external funding, increases dilution risk, and constrains the pace or scale of exploration programs if capital markets or partner funding tighten over the next several months.
No revenue / no sales base
Absence of operating revenue is a structural limitation: the business depends entirely on exploration success and financing, not cash-generating operations. Over a 2–6 month horizon this increases sensitivity to market funding conditions and the probability of dilutive raises if exploration does not rapidly translate to partner funding.
Balance sheet erosion
Material decline in assets and equity signals capital erosion from losses or disposals, reducing the company's financial buffer. This weaker balance sheet limits internal funding capacity for exploration, raises solvency sensitivity, and makes future joint ventures or financing more difficult without dilutive terms.

Diablo Resources Limited (DBO) vs. iShares MSCI Australia ETF (EWA)

Diablo Resources Limited Business Overview & Revenue Model

Company DescriptionDiablo Resources Limited engages in the acquisition and exploration of mineral properties in the United States. It holds a 100% interest in the Devils Canyon Project comprising 90 mineral claims covering an area of approximately 6.56 square kilometers located on the Carlin trend in Nevada; the Western Desert Project, which comprises 258 claims and a state lease covering an area of approximately 25 square kilometers located in north of Wendover, Utah; and the Lone Pine Project that comprises 2 patented mining claims located west of Salmon, Idaho, as well as 268 mineral claims covering an area of approximately 21.85 square kilometers. The company was incorporated in 2021 and is based in West Perth, Australia.
How the Company Makes MoneyDiablo Resources Limited does not typically generate recurring operating revenue in the way a producing miner or service business does; instead, it is generally funded through capital raising and, where applicable, through transactions involving its exploration interests. Key money sources may include: (1) issuing equity securities (e.g., placements, rights issues) to investors to fund exploration and corporate overheads; (2) potential cash or scrip consideration from selling, vending, or farming out interests in exploration tenements/projects to other parties; (3) potential option payments, milestone payments, or joint venture contributions from partners who agree to fund exploration in exchange for an interest in a project; and (4) any other minor income (e.g., interest on cash balances). Specific details on DBO’s current revenue streams, counterparties/partners, and material agreements are null.

Diablo Resources Limited Financial Statement Overview

Summary
Exploration-stage financial profile with no revenue, persistent losses, and consistently negative operating/free cash flow indicating ongoing cash burn and funding reliance. Low leverage (no debt) helps reduce insolvency risk, but meaningful equity/asset contraction and negative returns point to weak underlying financial strength.
Income Statement
12
Very Negative
Across the annual reports (2021–2025), the company reports no revenue and persistent operating losses. Net losses improved sharply in 2025 versus 2024 (loss narrowed materially), but profitability remains negative and there is no visible sales base to support margin expansion. Overall, the income profile reflects an early-stage/exploration business with ongoing expenses and limited near-term earnings power.
Balance Sheet
28
Negative
Leverage is very low, with total debt at zero in recent years (2022–2025), which reduces financial risk. However, the balance sheet has weakened materially: stockholders’ equity and total assets fell sharply from 2022/2023 levels to 2025, and returns on equity are consistently negative (driven by ongoing losses). The company is not debt-stressed, but capital erosion is a key concern.
Cash Flow
18
Very Negative
Operating cash flow and free cash flow are negative in every period shown, indicating continued cash burn to fund operations. Cash burn increased in 2025 versus 2024, and free cash flow remains closely tied to net losses (i.e., losses are translating into real cash outflows rather than being offset by working-capital or non-cash items). This profile implies ongoing reliance on external funding to sustain activity.
BreakdownTTMJun 2025Jun 2024Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue0.000.000.000.000.000.00
Gross Profit224.000.000.000.000.000.00
EBITDA-1.44M-762.53K-9.77M-517.09K-806.27K-98.24K
Net Income-1.44M-762.53K-9.77M-4.15M-806.27K-98.24K
Balance Sheet
Total Assets2.76M764.64K821.63K10.04M13.66M13.99M
Cash, Cash Equivalents and Short-Term Investments945.87K180.33K556.58K2.52M4.24M5.99M
Total Debt0.000.000.000.000.0019.04K
Total Liabilities260.16K236.11K114.77K530.99K64.38K98.24K
Stockholders Equity2.50M528.53K706.86K9.51M13.59M-98.24K
Cash Flow
Free Cash Flow-966.35K-563.90K-491.20K-1.38M-1.76M-19.04K
Operating Cash Flow-966.39K-563.90K-491.20K-390.08K-323.40K-19.04K
Investing Cash Flow-1.46M-355.02K-2.43M-1.17M-1.58M0.00
Financing Cash Flow2.82M542.67K958.47K0.006.00M19.04K

Diablo Resources Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.03
Price Trends
50DMA
0.02
Negative
100DMA
0.02
Negative
200DMA
0.03
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
45.94
Neutral
STOCH
-22.50
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:DBO, the sentiment is Negative. The current price of 0.03 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and above the 200-day MA of 0.03, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 45.94 is Neutral, neither overbought nor oversold. The STOCH value of -22.50 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:DBO.

Diablo Resources Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
48
Neutral
AU$6.94M-1.17-127.51%―168.85%13.51%
47
Neutral
AU$58.61M-2.79-28.97%――5.93%
45
Neutral
AU$4.87M-7.90-127.91%――80.88%
43
Neutral
AU$3.22M-0.22-37.62%――76.76%
42
Neutral
AU$4.48M-2.08-195.44%――92.98%
41
Neutral
AU$17.97M-0.72-32.31%――69.23%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:DBO
Diablo Resources Limited
0.02
<0.01
11.76%
AU:DAF
Discovery Alaska Limited
0.02
<0.01
72.73%
AU:GNM
Great Northern Minerals Limited
0.04
0.02
164.29%
AU:SFM
Santa Fe Minerals Ltd.
0.36
0.32
800.00%
AU:RAS
Ragusa Minerals Ltd
0.04
0.01
66.67%
AU:WSR
Westar Resources Ltd.
0.01
0.00
0.00%

Diablo Resources Limited Corporate Events

Diablo Resources Files Interim Financial Report for Half-Year 2025
Mar 11, 2026

Diablo Resources Limited has released its consolidated interim financial report for the half-year ended 31 December 2025, providing shareholders with its latest statement of comprehensive income, financial position, changes in equity and cash flows. The report package also includes the directors’ report, directors’ declaration, an auditor’s independence declaration and an independent auditor’s review, underscoring ongoing statutory compliance and financial transparency for 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 Expands Land Position at Utah Star Range Critical Minerals Project
Mar 4, 2026

Diablo Resources has expanded its Star Range Silver-Antimony Project in Utah to about 5,242 acres by securing an additional Trust Lands Administration lease adjacent to the high-priority South Star Prospect. The new tenure consolidates similar geology to South Star, strengthening geological continuity and increasing the overall scale of the project.

The newly acquired ground contains prospective structural trends and historic workings aligned with known mineralised zones, creating immediate priority targets for follow-up work. Diablo has commenced field mapping and sampling, while an Induced Polarisation survey over the STAR 01 anomaly at the North Star Prospect has been completed with results pending, potentially shaping the next phase of exploration activity.

The Star Range Project benefits from established infrastructure near Milford, Utah, and lies close to historically significant operations such as the Horn Silver mine and current open-pit copper workings. This positioning, combined with U.S. and Utah state interest in securing domestic critical mineral supplies, underscores the strategic significance of Diablo’s expanded footprint for shareholders and regional supply chains.

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 Defines Large Silver-Antimony Anomaly at Utah Star Range Project
Feb 22, 2026

Diablo Resources has outlined encouraging early exploration results from its Star Range Silver-Antimony Project in Utah, where first-pass soil sampling at the South Star prospect has defined a silver-antimony anomaly extending more than one kilometre and remaining open to the northeast. High-grade rock samples, including silver grades above 1,600 g/t and associated gold and antimony, support the presence of multiple mineralised vein and breccia systems across the project area.

The company has also completed a ground IP survey at the nearby North Star prospect to refine targets ahead of a planned maiden drilling campaign in the second quarter of 2026. With ongoing geochemical sampling and field mapping, and the project’s location close to the historic Horn Silver mine and operating copper mines, Diablo is positioning Star Range as a potentially significant silver-antimony asset within the U.S. critical minerals sector.

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 advances Utah silver-antimony and copper projects with key exploration milestones
Feb 11, 2026

Diablo Resources has secured a geophysical contractor to begin an induced polarisation survey in February at its high-priority North Star target within the Star Range Silver-Antimony Project in Utah, where rock sampling has returned very high-grade silver at surface. The IP work, targeting a magnetic anomaly along an intrusive-sediment contact considered prospective for skarn and carbonate-replacement mineralisation, will support permitting and drill planning as the company advances towards a maiden drilling program and expands first-pass exploration over newly staked claims.

At its Phoenix Copper Project, Diablo reported that maiden drilling at the Fair Dinkum prospect intersected shallow copper-silver oxide mineralisation associated with the Flying Diamond Fault, which has now been traced for over 1,000 metres and remains open along strike and at depth. Located in the Lisbon Valley Mining District near the producing Lisbon Valley Copper Mine and proposed in-situ leach developments, these results provide multiple follow-up drill targets and position the company to benefit from strong copper market conditions driven by supply constraints and electrification demand.

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 Expands Star Range Critical Minerals Project and Advances Drilling Plans
Feb 3, 2026

Diablo Resources has expanded its Star Range critical minerals project in Utah by staking an additional 52 unpatented lode claims, increasing the project footprint from 186 to 238 claims over approximately 4,596 acres. The new ground covers the interpreted northerly extension of the North Star Prospect, where high-grade silver-antimony-copper rock samples coincide with priority geophysical targets, extending mineralised trends to roughly 4 km of strike, including about 1 km on the newly acquired ground. Recent mapping, sampling and geophysical work have confirmed North Star as the company’s highest-priority drill target, and Diablo is finalising logistics and planning for a ground-based induced polarisation survey ahead of a maiden drilling program, positioning the project as a potential domestic source of antimony and silver aligned with U.S. critical minerals strategy.

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 Highlights Utah Critical Minerals Strategy in New Investor Presentation
Feb 1, 2026

Diablo Resources has released an investor presentation outlining its strategy to advance critical minerals projects in Utah, positioning the company as a potential contributor to America’s future supply of these key resources. The presentation, formally approved by the board, emphasises the quality and strategic location of its assets, highlights compliance with recognised industry reporting standards through a designated Competent Person, and underlines that investors must rely on their own due diligence, as the document is informational rather than a securities offering or guarantee of future performance.

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 Appoints New Company Secretary and Relocates Registered Office
Jan 30, 2026

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 Boosts Cash Position Through Equity Raising Amid Ongoing Exploration Spend
Jan 28, 2026

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 Advances High-Grade US Silver-Antimony and Copper Projects, Boosts US Market Presence
Jan 28, 2026

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 Defines Priority Drill Targets at Utah Star Range Silver-Antimony-Copper Project
Jan 27, 2026

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 Confirms Multiple High-Grade Silver-Antimony-Copper Systems at Utah’s Star Range
Jan 13, 2026

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 Advances U.S. Critical Minerals Exploration
Dec 16, 2025

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.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Mar 13, 2026