Latest Diablo Resources (ASX:DBO) News

Diablo Resources has exercised its option over 101 patented claims covering the historic Horn Silver Mine in Utah, bringing its broader 202-claim, 13.2 square kilometre project package together. The company will now rank targets, advance permitting and prepare for a maiden Horn Silver drilling program in 2026.

Small-cap shares produced another uneven week, led by a major fall in Corporate Travel Management and strong gains in energy, gas and takeover stocks.
Investors rewarded rising profits and new deals, but sold several companies despite promising project news.

Exploration results, project funding and takeover activity drove another busy week across Australia’s materials market.
Investors rewarded new production plans and strong drill results, but several small-cap gaps quickly lost ground.

Diablo Resources has delivered exceptional first-pass rock sampling results at its Horn Silver Project in Utah, revealing a district-scale polymetallic system rich in silver, gold, copper, lead, and zinc. These findings reinforce historical structural models and set the stage for imminent drilling campaigns.

Diablo Resources has completed earthworks at its Star Range Project in Utah, setting the stage for a maiden diamond drilling program targeting high-grade silver and polymetallic mineralisation. Concurrently, the company is progressing its acquisition and exploration activities at the historic Horn Silver Project, with drilling plans advancing.

Rare earths and uranium stocks led a broad resources rally, while gold companies combined record profits with larger reserves and dividends. Yet strong company news did not guarantee a rising share price, with several materials groups falling despite better earnings or project progress.

Diablo Resources has secured an 80% stake in the historic Horn Silver Project in Utah, unlocking a portfolio of high-grade silver, gold, copper, and antimony targets. The acquisition complements its nearby Star Range assets and aligns with US critical minerals priorities.

Takeovers, mine studies and record quarterly updates drove the week, with buyers chasing companies that put hard numbers around cash flow, reserves and contract wins. Losses were just as sharp where traders sold into reopenings or questioned whether fresh capital and non-binding deals would turn into profits.

Diablo Resources has acquired an 80% stake in the historic Horn Silver Project, complementing its nearby Star Range assets and advancing exploration with a maiden drill program approved.

Diablo Resources has expanded key silver-antimony and copper anomalies at its Star Range Project in Utah, setting the stage for imminent maiden diamond drilling and advancing its Horn Silver acquisition.

Big movers came from drill hits, takeover bids and fresh funding, but several stocks still fell even after good news. That mix says investors are rewarding clear near-term value, while punishing names where timing, cost or delivery still feel uncertain.

Diablo Resources has secured final permits to start a maiden diamond drilling program at its high-grade North Star Prospect in Utah, targeting silver, antimony, and copper. The company also completed the second tranche of a $3.5 million placement to fund exploration and the Horn Silver acquisition.