Latest Diablo Resources (ASX:DBO) News

Gold and specialty minerals names drove the week’s biggest moves as drilling hits, resource upgrades and funding deals pulled buyers into small and mid-cap materials stocks. Lithium and uranium names were more uneven, with some companies raising money for growth while others fell on dilution worries or project delays.

Diablo Resources has completed the first tranche of a placement, raising $764,400 through 58.8 million shares at 1.3 cents each, with a shareholder meeting planned in June to approve a further $2.7 million raise.

Diablo Resources has acquired an 80% stake in Utah's Horn Silver Mine, a historically prolific high-grade silver asset, backed by a $3.5 million capital raise to accelerate drilling across multiple immediate targets.

Diablo Resources has secured an 80% interest in the historic Horn Silver Project in Utah, a prolific high-grade silver and gold mine, supported by a $3.5 million placement to fund immediate drilling and district-scale exploration.

Diablo Resources has identified multiple high-grade silver-antimony-copper-gold trends at its Star Range Project in Utah, with maiden drilling scheduled for Q2 2026. Early drilling at the Phoenix Copper Project also confirmed shallow copper mineralisation, supporting further exploration.

Diablo Resources has extended high-grade silver, antimony, and copper mineralisation at its Star Range Project in Utah, with assays hitting 534 g/t silver and 0.19% antimony. The company is advancing toward a maiden drilling program scheduled for Q2 2026.

Diablo Resources has pinpointed promising drill targets at its Star Range Silver-Antimony Project in Utah following a detailed geophysical survey, setting the stage for a maiden drilling campaign in Q2 2026.

Diablo Resources has significantly increased its Star Range Silver-Antimony Project footprint in Utah by acquiring an additional 646.5 acres adjacent to the South Star Prospect, enhancing geological continuity and exploration potential.

Diablo Resources’ initial soil sampling at the Star Range Project in Utah reveals a significant silver-antimony anomaly extending over 1 km and remains open-ended, supported by high-grade rock samples. The company advances toward maiden drilling with geophysical data pending.

Diablo Resources has secured a geophysical contractor to commence an induced polarisation survey at its high-priority Star Range Silver-Antimony Project, while maiden drilling at the Phoenix Copper Project confirms encouraging copper mineralisation.

Diablo Resources has significantly increased its Star Range critical minerals project footprint in Utah, securing additional claims that extend the high-grade North Star Prospect. The move sets the stage for imminent drilling and advances the company’s alignment with US critical minerals supply goals.

Diablo Resources reported a net cash outflow of A$456k for operating activities in the December 2025 quarter, offset partially by a A$2 million equity raise. Despite this, the company’s cash runway remains limited to about one quarter, prompting plans for further funding.