Orión Project Drilling Yields Up to 18.8% Rutile and 11.9% Zircon in Maiden Holes

Strong Maiden Drilling Results at Orión

Osmond Resources Limited (ASX – OSM) has delivered promising early results from its maiden drilling program at the Orión EU Critical Minerals Project, located in Andalucía, Southern Spain. The company completed nine diamond drill holes totalling 2,806 metres, with the first two holes returning exceptional grades of titanium minerals (rutile and ilmenite), zircon, and rare earth elements (REEs). These findings reinforce the potential of the project as a significant source of critical minerals within the European Union.

Advancing Towards Resource Definition and Scoping Study

Building on these encouraging assay results, Osmond is prioritising the completion of a maiden JORC-compliant Mineral Resource Estimate for the high-grade Target Area, expected in the first half of 2026. Concurrently, the company is progressing a Scoping Study, with metallurgical test work on bulk samples substantially completed and initial results anticipated imminently. This study aims to establish the project's economic viability and support mine planning, process design, and logistics strategies.

Strategic Positioning in the EU Critical Minerals Landscape

The Orión Project is strategically positioned to supply titanium, zirconium (including hafnium), and rare earth elements to the EU market, aligning with regional efforts to reduce reliance on imports for these critical materials. Osmond is actively pursuing downstream product initiatives and engaging with Spanish and EU partners and funding bodies to capitalise on regulatory support and market demand. The company’s aspiration is to become the first EU-based miner producing this suite of critical minerals at scale.

Financial Strength and Corporate Developments

Post-quarter, Osmond successfully completed a $6.6 million placement at a discount to the market price, raising its pro forma cash position to over $8.5 million as of 31 December 2025. This capital injection is earmarked to accelerate exploration, resource definition, and project development activities at Orión. Meanwhile, the company has commenced the surrender process for its Yumbarra Project, signalling a sharpened focus on its flagship Spanish assets.

Looking Ahead

With drilling set to resume shortly and a clear roadmap towards resource estimation and scoping study completion, Osmond Resources is positioning itself as a key player in the EU’s critical minerals supply chain. The upcoming metallurgical results and scoping study outcomes will be pivotal in validating the project’s commercial potential and attracting further investment and partnerships.