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Diablo Resources Limited (ASX:DBO)

ALERT: Price-sensitive ASX Announcement for DBO
Current share price for DBO : $0.017 0.004 (30.77%)+
Announcement
Release
24 Jul 2026 8:20AM
Price at Release
$0.013
Full Release
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Summary
Diablo Resources Limited has released its Quarterly Activities Report and Appendix 5B Cash Flow Report for the period ending 30 June 2026. The company announced the acquisition of an 80% interest in the Horn Silver Project in Utah, a strategic move to expand its critical minerals footprint in the US, complementing its existing Star Range Project. The Horn Silver Project, with historic mining producing significant amounts of silver and gold, presents multiple untested exploration targets. Diablo also reported continued success in its Star Range Project, identifying high-grade critical mineral anomalies. The company raised funds through a placement to support these exploration activities, and has advanced its maiden drill program at the North Star Prospect. The cash flow statement shows net cash inflows from financing activities, supporting ongoing and future operations.
Key Points
  • Acquisition of 80% interest in Horn Silver Project in Utah.
  • Horn Silver Project historically produced 17 Moz Ag and 30,000 oz Au.
  • Star Range Project shows high-grade silver, antimony, copper, and gold anomalies.
  • Funds raised through placement to support exploration activities.
  • Advanced planning for drill program at North Star Prospect.
  • Cash flow report shows net cash inflows from financing activities.
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.