Diablo Resources Limited
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Diablo Resources Limited
OTC:DBORF
(OTC Markets)
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- Business
- Diablo Resources Limited (ASX:DBO) engages in mineral exploration primarily for gold, copper, silver and antimony deposits in the United States; it holds 100% interests in the Phoenix Copper Project in Utah's Lisbon Valley Mining District along strike from the producing Lisbon Valley Copper Mine; the King Solomon Gold Project in Idaho's prolific gold district near the Beartrack Mine hosting plus 1 million ounces; the Devils Canyon Gold-Copper Project in Nevada proximal to Kinross Gold's Bald Mountain Mine and Barrick Gold's Ruby Hill Mine; and the recently acquired Star Range Silver-Antimony Project in Utah featuring high-grade historical results and alignment with the 2025 US Critical Minerals List. The Phoenix Copper Project features over 750m of outcropping copper mineralised strike with rock chip assays up to 45.7% copper; King Solomon reports historical drilling intercepts including 13m at 12.28 g/t gold and 1.22m at 17.02 g/t gold; Devils Canyon includes 2023 drilling results such as 3.0m at 3.02 g/t gold, 3.0m at 91.2 g/t silver and 1.39% copper; Star Range provides exposure to critical minerals with outstanding historical sampling in a Tier-1 jurisdiction. Founded in 2021 and headquartered at 10 Outram Street, West Perth, Western Australia 6005, the company targets major near-surface deposits in mining-friendly states of Utah, Nevada and Idaho through its US-based technical team Harrison Land Services LLC. In October 2025, Diablo completes a $2.0 million capital raise from institutional and sophisticated investors to fund the Star Range acquisition and accelerate exploration including maiden drilling assays pending at Phoenix Copper's Fair Dinkum target and systematic sampling at Star Range; it lists on OTCQB as DBORF in October 2025 to expand access to North American investors and advance its US critical minerals portfolio.