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Diablo Resources Limited (ASX:DBO)

ALERT: Price-sensitive ASX Announcement for DBO
Current share price for DBO : $0.014 -0.021 (-60%)+
Announcement
Release
27 Oct 2025 9:06AM
Price at Release
$0.035
Full Release
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Summary
Diablo Resources Limited (ASX:DBO) has announced positive results from its maiden scout drill program at the Phoenix Copper Project in Utah, USA. The drilling confirmed shallow copper oxide mineralisation at the Philadelphia Prospect, with a significant intercept of 10.5m at 1.02% Cu, including a higher concentration of 3.99% Cu over 1.5m. The project, located in the Lisbon Valley Mining District, aims to explore copper mineralisation along a major fault and is strategically placed near existing operations in the area. Follow-up drilling is scheduled for November, highlighting the company's commitment to advancing exploration at both the Phoenix Copper Project and the Star Range Silver-Antimony Project.
Key Points
  • Maiden scout drill program confirms shallow copper mineralisation at Philadelphia Prospect.
  • Significant intercept includes 10.5m at 1.02% Cu, with a peak of 3.99% Cu over 1.5m.
  • Phoenix Copper Project is located in Lisbon Valley Mining District, Utah.
  • Follow-up drilling planned for November at Phoenix and Fair Dinkum prospects.
  • Exploration also advancing at Star Range Silver-Antimony Project.
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.