InvestSMART

Diablo Resources Limited (ASX:DBO)

ALERT: Price-sensitive ASX Announcement for DBO
Current share price for DBO : $0.011 -0.003 (-21.43%)+
Announcement
Release
30 Apr 2025 9:58AM
Price at Release
$0.014
Full Release
download
Summary
The Quarterly Activities Report for Diablo Resources Limited (ASX: DBO) details the company's operational and financial activities for the quarter ended 31 December 2023. The report primarily highlights progress at the Western Desert Gold-Copper Project in Utah, USA, including results from the Phase 2 drilling program, which identified significant gold, copper, and silver mineralization. Diablo also reports on ongoing planning for further exploration, the strengthening of its technical team, and provides a summary of corporate activities and financials, including cash flows and shareholding information. The company remains focused on advancing exploration at its key US-based projects and maintaining a strong position to capitalize on further mineral discoveries.
Key Points
  • Diablo Resources completed Phase 2 drilling at the Western Desert Gold-Copper Project in Utah.
  • Drilling intersected significant gold, copper, and silver mineralization.
  • Further exploration planning is underway for 2024, with priority targets defined.
  • Technical team strengthened to support ongoing exploration and project evaluation.
  • The company holds a strong cash position and continues prudent financial management.
  • No mining production or development activities were undertaken during the quarter.
  • Corporate activities included regular compliance, reporting, and shareholder communication.
  • Diablo remains focused on US-based gold and copper exploration opportunities.
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.