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Diablo Resources Limited (ASX:DBO)

ALERT: Price-sensitive ASX Announcement for DBO
Current share price for DBO : $0.017 0 (0%)+
Announcement
Release
11 May 2026 9:36AM
Price at Release
$0.017
Full Release
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Summary
Diablo Resources Limited is set to acquire the Horn Silver Mine located in Utah, USA, marking a significant transformation for the company. The acquisition is aimed at leveraging high-grade silver opportunities with immediate drill catalysts. The Horn Silver Mine, part of the San Francisco Mining District, is known for its historic high-grade silver production. Diablo plans to execute systematic exploration, targeting silver, antimony, and copper, critical minerals emphasized by the U.S. The acquisition involves a strategic capital raise and exploration program to advance discovery and resource expansion, underpinned by a skilled Utah-based exploration team. The company aims to unlock significant value through this district-scale exploration effort.
Key Points
  • Acquisition of Horn Silver Mine in Utah, USA.
  • Focus on critical minerals: silver, antimony, and copper.
  • Systematic exploration with immediate drill catalysts.
  • Capital raise of AUD $3.5 million for exploration.
  • Utah-based team with extensive local knowledge.
  • Strategic move aimed at transforming Diablo Resources.
  • Emphasis on district-scale exploration for value addition.
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.