Third Drill Hole Yields Up to 14.6% TiO2 and 0.86% TREO at Orión

Strong Confirmation of Mineralisation Scale

Osmond Resources Limited (ASX, OSM) has announced encouraging assay results from its third diamond drill hole, SOR-02, at the Orión EU Critical Minerals Project in southern Spain. Located approximately 1.7 kilometres from previous high-grade drill holes AV-01 and AV-01bis, SOR-02 intersected a primary heavy mineral-rich quartzite layer with significant concentrations of titanium dioxide (TiO2), zirconium dioxide (ZrO2), hafnium oxide (HfO2), and total rare earth oxides (TREO). These results confirm the continuity and scale potential of the deposit within Zone 1.

Implications for EU Critical Minerals Supply

The Orión Project is strategically positioned to supply critical minerals essential for the European Union’s push to secure domestic sources of materials like rutile, zircon, and monazite, which are vital for high-tech and clean energy applications. The reported grades from SOR-02, including up to 14.6% TiO2 and 0.86% TREO over significant intervals, align closely with the world-class mineralisation previously reported in the area, underscoring the project's potential to become a major supplier in this sector.

Focused Development and Resource Definition

Osmond has identified a roughly 10.67 square kilometre area within Zone 1, encompassing the Northern, Central, Avellanar, and Southern Blocks, as the primary target for mineral resource definition. The company has completed seven drill holes totaling nearly 2,000 metres, with assays pending for several holes. These drilling efforts aim to delineate the thickness and grade continuity of the heavy mineral layers, which average between 1.2 and 3.0 metres thick and contain 30-40% total heavy minerals.

Next Steps and Market Positioning

With assay results being fast-tracked every few weeks, Osmond plans to complete a Scoping Study and metallurgical test work in the first half of 2026. These steps are critical to advancing the project towards development and capitalising on the EU’s regulatory support for domestic critical mineral production. The company’s focus on high-grade titanium, zirconium, and rare earth element mineralisation positions it well to meet growing demand amid global supply chain uncertainties.

Broader Project Portfolio

Beyond Orión, Osmond Resources also holds interests in the Iberian One Project in central Spain and the Yumbarra Project in South Australia, targeting other critical minerals such as kaolinite, alunite, uranium, and platinum group elements. These diversified assets complement Osmond’s strategic aim to fast-track critical mineral projects that support the EU’s supply security objectives.