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Diablo Resources Limited (ASX:DBO)

ALERT: Price-sensitive ASX Announcement for DBO
Current share price for DBO : $0.011 -0.002 (-15.38%)+
Announcement
Release
2 Jul 2026 8:14AM
Price at Release
$0.013
Full Release
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Summary
Diablo Resources Limited has received shareholder approval for acquiring an 80% interest in the Horn Silver Project in Utah, USA. This acquisition encompasses a district-scale, mineralized system never systematically explored before. The project area covers roughly 13.2 km² across 201 claims, including 101 patented claims, enabling flexible and accelerated exploration. Initial exploration activities, such as regional mapping and sampling, are underway to identify priority drill targets for Diablo's first drilling program planned for 2026, pending permits. The project is strategically positioned in a critical-minerals jurisdiction in the US, offering substantial exploration opportunities in silver, antimony, and copper.
Key Points
  • Shareholders approved Diablo Resources Limited's acquisition of 80% interest in Horn Silver Project.
  • The Horn Silver Project covers approximately 13.2 km² across 201 claims in Utah, USA.
  • The project aims to extend mineralization around historic workings and explore new silver, antimony, and copper targets.
  • Initial exploration includes regional mapping, sampling, and data review to prioritize drill targets.
  • The acquisition facilitates a maiden drill program planned, subject to permitting, for 2026.
  • The project is located in a premier U.S. critical-minerals jurisdiction, providing favorable conditions for exploration.
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.