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Diablo Resources Limited (ASX:DBO)

ALERT: Price-sensitive ASX Announcement for DBO
Current share price for DBO : $0.017 -0.006 (-26.09%)+
Announcement
Release
5 Mar 2026 8:22AM
Price at Release
$0.023
Full Release
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Summary
Diablo Resources Limited announced the acquisition of additional land adjacent to the South Star Prospect within the Star Range Silver-Antimony Project in Utah, USA. The expansion increases the project area to approximately 5,242 acres, enhancing geological continuity and exploration potential. The newly acquired ground includes historic workings and structural trends consistent with known mineralized zones, revealing immediate targets for exploration. Ongoing fieldwork includes mapping and sampling, and the company completed an Induced Polarisation survey across the STAR 01 anomaly. Results are pending, and a maiden drill program is anticipated in Q2 2026. The expansion aligns with Diablo's strategy to capitalize on US initiatives to bolster domestic critical mineral supplies.
Key Points
  • Additional tenure secured at South Star Prospect, expanding project footprint.
  • New ground shows structural trends and historic workings, indicating exploration targets.
  • Previous exploration at South Star defined a large silver-antimony soil anomaly.
  • Project area now totals approximately 5,242 acres.
  • Field work and Induced Polarisation survey completed; results pending.
  • Maiden drill program expected in Q2 2026.
  • Diablo aims to leverage US initiatives for domestic mineral supply.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.