Diablo Resources Limited · ASX:DBO
Diablo Resources — Investor Presentation (May 2026)
17 slides from Diablo Resources's investor presentation, May 11, 2026
Slide 1: Horn Silver Mine
Horn Silver Mine Transformational US Silver Acquisition with Immediate Drill Catalysts ACQUISITION PRESENTATION | MAY 2026 ASX:DBO OTCQB: DBORF 1
Slide 2: Disclaimer
Disclaimer DISCLAIMER AND FORWARD LOOKING STATEMENTS COMPETENT PERSONS STATEMENT This presentation has been authorised for release by the Board of Diablo Resources Limited. It is not a prospectus nor The information in this report regarding exploration results, exploration targets and the mineral re
Slide 3: Horn Silver Mine Acquisition Overview
HORN SILVER MINE ACQUISITION OVERVIEW High-Grade silver opportunity on patented ground with district-scale upside in a Tier-1 jurisdiction Critical Mineral Exposure Ag, Sb, Cu, Au — revenue streams across the commodity supercycle with structural deficits in place Patented Land = De-Risked 101 patent
Slide 4: Horn Silver Mine
4 DISCOVERED 1875 17M oz 1 Claim HORN Silver Produced11 Single 20-Acre Holding 13 SILVER MINE 604 g/t Ag 1300ft San Francisco Mining District, Utah Mined Depth11 Mined Grade11 "Unquestionably the richest silver mine in the world now being worked.- U.S. Annual Mining Review, 1879 12“ A LEGACY OF HIGH
Slide 5: Horn Silver Mine Acquisition
HORN SILVER MINE ACQUISITION Fast-Track Exploration – a dual-path approach to drive rapid, high-impact exploration outcomes Key Investment Highlights Acquisition of historically high-grade silver mine (produced 17Moz @ 604 g/t Ag)11,14 Multiple drill-ready targets on patented ground (fast-track dril
Slide 6: High-Grade Historic Silver System with Immediate Drill Upside
HORN SILVER MINE ACQUISITION High-Grade Historic Silver System with Immediate Drill Upside EAST-WEST VIEW NORTH-SOUTH VIEW Why this acquisition? ▪ Proven high grade mineralised system 1.5m @ 629 g/t Ag from 21.3m ▪ Near Mine Potential - Mineralisation remains open at 1.5m @ 268 g/t Ag from 27.4m 6.1
Slide 7: Multiple walk-up silver drill targets across a district scale system
HORN SILVER MINE ACQUISITION Multiple walk-up silver drill targets across a district scale system • Legacy IP datasets10,14 highlight geophysical targets consistent with known mineralisation (eg: Gossan Target) HORN SILVER PROJECT IP Anomaly Cross Section Looking Nth 4258180mN WEST • Additional hist
Slide 8: Imperial/Accrington Copper Prospect
IMPERIAL/ACCRINGTON COPPER PROSPECT Additional copper upside within the Horn Silver District ▪ Skarn-hosted copper-gold system located ~2 km from Horn Silver, within the same district ▪ Historical drilling confirms strong copper mineralisation ▪ 54 m @ 1.4% Cu (incl. 14 m @ 3.4% Cu) ▪ 34 m @ 1.0% Cu
Slide 9: Builds a district-scale position with strong operational synergies
HORN SILVER MINE ACQUISITION Builds a district-scale position with strong operational synergies STRATEGIC VALUE ▪ Expands footprint within a proven mining district with historic and active operations ▪ Robust pipeline of targets across offering multiple avenues for value-adding discoveries ▪ Minimal
Slide 10: Star Range Ag-Sb Project
STAR RANGE AG-SB PROJECT Fully funded for near-term drilling and exploration Significant results returned from recent rock sampling 1-6 North Star Prospect 3,043 g/t Ag and 1.4 g/t Au 1,592 g/t Ag and 0.7% Sb 2,311 g/t Ag and 0.4% Sb 399 g/t Ag and 9.3 g/t Au East Star Prospect 7.4% Cu, 1 g/t Au and
Slide 11: Star Range Ag-Sb Project – North Star
STAR RANGE AG-SB PROJECT – NORTH STAR Drilling of high-grade Ag-Sb veins and IP targets planned for Q2 2026 Induced Polarisation survey (IP) at North Star identified priority drill targets associated with the STAR-01 magnetic anomaly6 and high-grade Ag-Sb1-5 surface geochemistry, with assays up to +
Slide 12: Next Steps & Use of Funds
NEXT STEPS & USE OF FUNDS Fully funded for near-term drilling and exploration Next Steps Q2 2026 Q3 2026 Q4 2026 Q1 2027 ▪ Complete $3.5M capital raise ▪ Commence Horn Silver ▪ Ongoing drilling across ▪ Ongoing drilling across drilling (RC + DDH) both projects both projects ▪ Shareholder approval an
Slide 13: Pro Forma Capital Structure
PRO FORMA CAPITAL STRUCTURE Structured to fund near-term drilling and maximize leverage to discovery DBO: ASX ($AUD) Description Value/share # Shares $ Shares on issue 0.013 235,842,206 $ 3,065,949 Completion Shares (Vendor) 0.013 36,000,000 $ 468,000 Capital Raise for exploration 0.013 269,230,769
Slide 14: Experienced Board and US-Based Exploration Team
EXPERIENCED BOARD AND US-BASED US Critical Minerals EXPLORATION TEAM Focus Extensive US critical minerals experience Paul Lloyd Matthew Blumberg Non-Executive Chairman Non-Executive Director Utah-based exploration team with deep Chartered Accountant with over 30 years’ Matthew holds an MBA from Yale
Slide 15: Appendices: Deal Terms Summary – Horn Silver
APPENDICES Deal Terms Summary – Horn Silver14 Initial Payments and Equity Deferred Consideration • Drilling Milestone: 10,000,000 shares to the Seller will be ▪ Cash Payment (Stage 1): DBO has paid $25,000 for a issued following the completion of 1,000m of drilling on the The Company has entered int
Slide 16: Appendices: Cautionary Statement
APPENDICES Cautionary Statement The drilling results quoted on Slide 6 are “historical” and “foreign” and were initially released on the Vancouver Stock Exchange on 3 Apr 1990 by Arapahoe Mining Corp (ASX LR5.12.1).- they are not able to be fully reported in accordance with the JORC Code. A Competen
Slide 17: Appendices: References
APPENDICES References Previous ASX Announcements 1. Oct 1, 2025- DIABLO COMPLETES $2M CAPITAL RAISE TO FAST-TRACK U.S. CRITICAL MINERALS GROWTH Star Range Project WITH STAR RANGE HIGH-GRADE SILVER-ANTIMONY PROJECT, UTAH . ASX Announcement, Diablo Resources Ltd 2. Dec 9, 2025 - HIGH GRADE SILVER & AN