Osmond’s Orion Project Advances Amid Uncertainty Over Seam Continuity and Permitting

Strong Assay Results Reinforce Project Potential

Osmond Resources Limited (ASX: OSM) has announced a new batch of encouraging assay results from its Orion EU Critical Minerals Project, located in Jaén Province, Andalucía, Southern Spain. The company received positive assay outcomes for all 27 samples collected from Zone 3, with rutile grades reaching up to 7.7% and zircon up to 4.1%. These results reinforce the presence of high-grade mineralization within the project area.

The Orion Project, spanning approximately 86.4 square kilometres, is strategically positioned to supply critical minerals such as titanium (rutile), zircon, hafnium, and rare earth elements, commodities increasingly vital under the 2024 European Critical Raw Materials Act. Osmond’s recent findings suggest a significant scale of mineralization, with promising continuity between Zone 3 and the previously sampled Zone 1 (Avellanar), located 10 kilometres apart.

Geological Insights and Sampling Methodology

The samples comprised fragments, chips, and channel rock samples, carefully collected and assayed through a rigorous process involving SGS Laboratories in Spain and Canada. The mineralogy indicates a siliciclastic geological system with multiple mineralized seams, including a high-grade primary seam that the company believes extends across all three target zones. This primary seam is characterized by significant concentrations of rutile and zircon, with low levels of deleterious elements such as uranium, enhancing the project's attractiveness.

Geological mapping and radiometric surveys have identified these mineralized layers with precision, and the company’s Chief Geologist has expressed confidence in the continuity of the high-grade seam, which remains partially undercover and will be a key focus of upcoming drilling activities.

Next Steps: Drilling and Development Acceleration

Osmond plans to complete geological mapping and sampling across all three zones within the current quarter. Upon final permit award, the company intends to initiate a modest drilling program aimed at confirming the continuity of mineralization between outcrops. Success in this phase would pave the way for a Mineral Resource Estimate and a Scoping Study, critical milestones for advancing the project towards development.

CEO Anthony Hall emphasized the strategic importance of the project, noting the strong regulatory tailwinds in the EU for critical minerals production. The company is positioning itself to capitalize on these dynamics by fast-tracking exploration and development activities.

Broader Portfolio and Strategic Positioning

Beyond Orion, Osmond Resources holds interests in other mineral projects across Spain and Australia, including the Iberian One Project targeting potassium sulphate, alumina, and graphite, as well as the Yumbarra Project in South Australia focused on uranium and base metals. The company’s diversified portfolio aligns with growing global demand for critical and strategic minerals.

Osmond’s methodical approach to exploration, combined with its focus on high-grade mineralization and regulatory alignment, positions it as a noteworthy player in the critical minerals sector, particularly within the European context.