Osmond Resources Confirms 12km Mineralised Zone and Targets Silicon Metal

Broad Mineralisation Confirmed at Orion Project

Osmond Resources Limited (ASX, OSM) has announced encouraging progress at its Orion EU Critical Minerals Project located in Jaén Province, Andalucía, southern Spain. Geological mapping led by Chief Geologist Fernando Palero has confirmed mineralised outcrops in Zone 2, extending the known lateral mineralisation to approximately 12 kilometres east to west. This broad mineralisation footprint reinforces the project's potential scale and underpins Osmond's strategy to fast-track development activities.

Expanding Metallurgical Test Work to Silicon Metal

In addition to targeting magnet rare earths and titanium metal, Osmond has expanded its metallurgical test work to include silicon metal, a critical raw material identified by the European Union. The project’s mineralisation contains around 50% quartz (silica), which the company believes offers a potential advantage in silicon metal production through existing processing routes. This strategic diversification aligns with the EU’s regulatory push to secure sustainable supplies of critical raw materials and could enhance the project's commercial viability.

Corporate Developments and Remuneration Updates

Reflecting anticipated increases in project and corporate activity, Osmond’s CEO Anthony Hall will increase his time commitment from 50% to 90% starting 1 July 2025. Correspondingly, his cash remuneration will rise to A$396,000, complemented by a short-term incentive of 75% of cash remuneration and a proposed long-term incentive of 5 million options, subject to shareholder approval. Similar adjustments apply to other key executives, signaling Osmond’s commitment to strengthening its leadership team as it advances the Orion Project.

Path Forward, Drilling and Scoping Study in 2025

Osmond plans to undertake a second drilling program following an initial 15-hole campaign, aiming to confirm the continuity of high-grade mineral seams across the three target zones. The company expects to complete a Mineral Resource Estimate and a Scoping Study within calendar year 2025, leveraging strong EU regulatory support for critical minerals development. These milestones will be critical in validating the project’s economic potential and attracting further investment.

Strategic Positioning in EU Critical Minerals Supply Chain

The Orion Project’s location in southern Spain offers significant logistical advantages for supplying the European market, which is actively seeking to reduce reliance on imports for strategic raw materials. Osmond’s focus on multiple critical minerals, including rare earth elements, titanium, and silicon metal, positions it well to benefit from evolving EU policies and incentives aimed at securing a resilient and sustainable critical minerals supply chain.