Latest Diablo Resources (ASX:DBO) News

Diablo Resources Limited reported a quarterly cash outflow and holds extensive mining tenements across the US, while exploring options to extend its limited funding runway.

Diablo Resources has identified six promising copper mineralisation targets at its newly acquired Phoenix Copper Project near the Lisbon Valley Mine, backed by a $576,800 capital raise to fund upcoming drilling in 2025.

Diablo Resources has unveiled a high-grade copper discovery at its newly acquired Phoenix Copper Project near the prolific Lisbon Valley Mine in Utah, with initial rock samples returning up to 45.7% copper and 219 g/t silver. The company is advancing exploration with drilling planned for 2025.

Diablo Resources advances key US projects with permit progress at King Solomon and reclamation completion at Devils Canyon, while positioning for strategic growth through acquisitions.