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Diablo Resources Limited
(Sydney:DBO)
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Rating:43Neutral
Price Target:
AU$0.01
▼(-45.00% Downside)
Action:Reiterated
Date:10/22/26
The score is held down primarily by persistent losses and ongoing cash burn (pre-revenue funding dependence), reinforced by a clear technical downtrend with weak momentum. A debt-free balance sheet with positive equity provides some stability, but negative earnings and lack of dividend support keep the overall rating low.
Positive Factors
Debt-free balance sheet
The absence of debt through 2022–2026 reduces solvency pressure and interest obligations, giving Diablo greater flexibility to allocate capital toward exploration. Positive equity also provides a stronger financial base than a highly leveraged structure if funding conditions become more difficult.
Negative Factors
Persistent lack of revenue
Without revenue, Diablo has no demonstrated operating income stream to fund exploration or absorb corporate costs. Persistent losses leave performance dependent on future discoveries, asset transactions, or external capital, making earnings power less predictable over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
The absence of debt through 2022–2026 reduces solvency pressure and interest obligations, giving Diablo greater flexibility to allocate capital toward exploration. Positive equity also provides a stronger financial base than a highly leveraged structure if funding conditions become more difficult.
Read all positive factors
Diablo Resources Limited (DBO) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$4.87M
Dividend YieldN/A
Average Volume (3M)990.56K
Price to Earnings (P/E)―
Beta (1Y)1.50
Revenue GrowthN/A
EPS Growth22.39%
CountryAU
Employees4
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding541,073,000
10 Day Avg. Volume546,503
30 Day Avg. Volume990,558
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)0.90
Price to Sales (P/S)0.00
P/FCF Ratio-3.33
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Diablo Resources Limited Business Overview & Revenue Model
Company Description
Diablo Resources Limited, an entity established in 2021 and headquartered in West Perth, Australia, specializes in the acquisition and exploration of mineral properties throughout the United States. Its current portfolio includes a 100% ownership ...
Diablo Resources Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
24
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -1.19M | -762.53K | -9.77M | -517.09K | -806.27K |
| Net Income | -1.17M | -762.53K | -9.77M | -4.15M | -806.27K |
Balance Sheet | |||||
| Total Assets | 3.41M | 764.64K | 821.63K | 10.04M | 13.66M |
| Cash, Cash Equivalents and Short-Term Investments | 1.25M | 180.33K | 556.58K | 2.52M | 4.24M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 162.66K | 236.11K | 114.77K | 530.99K | 64.38K |
| Stockholders Equity | 3.24M | 528.53K | 706.86K | 9.51M | 13.59M |
Cash Flow | |||||
| Free Cash Flow | -876.64K | -563.90K | -491.20K | -1.38M | -1.76M |
| Operating Cash Flow | -876.64K | -563.90K | -491.20K | -390.08K | -323.40K |
| Investing Cash Flow | -1.61M | -355.02K | -2.43M | -1.17M | -1.58M |
| Financing Cash Flow | 3.54M | 542.67K | 958.47K | 0.00 | 6.00M |
Diablo Resources Limited Technical Analysis
Negative
0.02
Price Trends
0.02
Negative
0.01
Negative
0.02
Negative
Market Momentum
>-0.01
Negative
37.21
Neutral
>-0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:DBO, the sentiment is Negative. The current price of 0.02 is above the 20-day moving average (MA) of 0.01, above the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 37.21 is Neutral, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:DBO.
Diablo Resources Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | AU$11.19M | -14.47 | -13.41% | ― | ― | 76.01% | |
51 Neutral | AU$4.27M | 0.53 | 44.41% | ― | ― | ― | |
44 Neutral | AU$6.18M | -0.75 | -114.26% | ― | ― | 42.86% | |
43 Neutral | AU$4.87M | -1.73 | -40.61% | ― | ― | 22.39% | |
43 Neutral | AU$9.06M | -0.85 | -833.13% | ― | ― | -30.43% | |
42 Neutral | AU$5.41M | -1.85 | -23.50% | ― | ― | 21.51% |
* Basic Materials Sector Average
AU:DBO
Diablo Resources Limited
0.01
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Diablo Resources Limited Corporate Events
Diablo Resources Sets November 26 AGM, Shifts to Digital Meeting Materials
Oct 27, 2026
Diablo Resources Limited has called its Annual General Meeting of shareholders for 10.30am WST on 26 November 2026 in West Perth, Western Australia. The company is providing meeting materials, including the notice of meeting and annual report, via...
Diablo Resources Uncovers High-Grade Tungsten at Utah’s Horn Project
Oct 25, 2026
Diablo Resources reported high-grade tungsten mineralisation from first-pass sampling at the Cupric Prospect within its Horn Project in Utah, with grab samples returning up to 0.37% WO3 and several assays above 0.1% WO3, alongside notable gold cre...
Diablo Resources Sets 2026 AGM Date and Director Nomination Deadline
Oct 13, 2026
Diablo Resources Limited has scheduled its 2026 Annual General Meeting for 26 November 2026, confirming the key date for shareholders and stakeholders to convene. The meeting will provide a formal forum for governance matters, including the electi...
Diablo Resources Files Appendix 4G, Confirms ASX Governance Compliance
Sep 22, 2026
Diablo Resources Limited has lodged its Appendix 4G with the ASX, confirming that its corporate governance statement for the year to 30 June 2026 is available on its website and has been approved by the board as of 22 September 2026. The filing de...
Diablo Resources Highlights Governance Framework in 2026 Financial Report
Sep 22, 2026
Diablo Resources Limited released its financial report for the year ended 30 June 2026, highlighting its established corporate governance framework and ASX listing under code DBO. The report underscores the company’s structured oversight thr...
Diablo Resources Reaffirms Utah Critical Minerals Project Assumptions
Sep 13, 2026
Diablo Resources has released a project acquisition update outlining its regional critical minerals opportunity in Utah, U.S. The presentation reinforces previously disclosed exploration results and confirms that no new information or data materia...
Diablo Resources Plans Investor Webinar to Update on Exploration Activities
Sep 9, 2026
Diablo Resources Limited will host an investor webinar on Monday, 14 September 2026, offering shareholders and potential investors a detailed company update. Chief Executive Officer Lyle Thorne and Chairman Paul Lloyd will outline current explorat...
Diablo Resources Consolidates Horn Silver Claims and Ramps Up Utah Exploration
Sep 7, 2026
Diablo Resources has exercised an option over 101 patented claims at the Horn Silver Project in Beaver County, Utah, consolidating control over 202 patented and unpatented claims spanning 13.2 square kilometers. The package includes the historic H...
Diablo Resources Launches Maiden Drilling at High-Grade North Star Prospect in Utah
Sep 1, 2026
Diablo Resources has commenced its maiden diamond drilling program at the North Star Prospect within the Star Range Project in Utah, marking a shift from surface exploration to subsurface testing. The initial 1,000m program across five diamond hol...
Diablo Resources Advances Utah Critical Minerals Drilling at Star Range and Horn Silver
Aug 23, 2026
Diablo Resources has completed earthworks at the North Star Prospect within its Star Range Project in Utah, establishing access and drill pads for an initial diamond drilling campaign. The program, comprising five holes for about 1,000 metres, is ...
Diablo Resources Names New Director, Details Indirect Shareholdings
Aug 17, 2026
Diablo Resources Limited has appointed Patrick Say as a director effective 14 August 2026, marking a further evolution of its boardroom line-up in the resources sector. The company disclosed that Say holds no Diablo shares directly, but has signif...
Diablo Resources Issues Shares to Secure 80% Stake in Utah Horn Silver Project
Aug 17, 2026
Diablo Resources has issued 36 million fully paid ordinary shares as consideration to acquire an 80% interest in Antler Resources LLC, which holds 101 unpatented mining lode claims and an option over 101 patented claims comprising the Horn Silver ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.