Diablo Resources Limited (ASX:DBO)

ALERT: Price-sensitive ASX Announcement for DBO

Current share price for DBO : $0.017 0.001 (6.25%)⁺

Announcement

Horn Silver Project - Acquisition Completed

Release

17 Aug 2026 8:02AM

Price at Release

$0.016

Full Release

Summary

Diablo Resources Ltd has completed the acquisition of the Horn Silver Project, securing 80% ownership of 101 unpatented claims and option rights over 101 patented claims in Utah, USA. This acquisition strengthens Diablo's position in the historic Frisco Mining District and enhances its exploration portfolio with the Horn Silver and nearby Star Range projects. The Horn Silver Project covers approximately 13.2 km² and hosts the historic Horn Silver Mine known for its significant silver and gold production. Diablo plans to advance exploration activities, including drilling and target evaluation, supported by a recent A$3.5 million placement. The acquisition aligns with U.S. policy initiatives focused on securing critical mineral supply chains, underscoring the strategic importance of silver, antimony, and copper in Diablo's Utah-focused portfolio.

Key Points

Diablo completes acquisition of Horn Silver Project with 80% ownership.
Horn Silver Project located in Utah's Frisco Mining District.
Project includes 202 claims with significant historical silver and gold production.
Diablo plans to exercise option over patented claims 3–5.
A$3.5 million placement completed for exploration advancement.
Proximity to Star Range provides operational efficiencies.
U.S. policies on critical minerals support strategic importance.
Diablo integrates historical data and advances exploration efforts.

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.