Osmond Resources Boosts Orión Project with Exceptional High-Grade Assays

Exceptional Heavy Mineral Grades Extend Resource Target

Osmond Resources (ASX:OSM) has delivered a fresh boost to its Orión EU Critical Minerals Project in Spain with channel sample assays from outcrops returning spectacular total heavy mineral (THM) grades exceeding 20%. These results, including standout intervals such as 3.5 metres at 24.9% THM with 11.8% rutile, 7.4% zircon, and 1.2% monazite, push the high-grade zone further east and west, suggesting a pervasive prehistoric seabed rich in critical minerals.

Managing Director Anthony Hall described the findings as “simply breathtaking,” highlighting the 3.5m sample (Z1-14) as a key highlight. The assays confirm the presence of economically significant titanium (TiO2), zirconium (ZrO2), and rare earth oxides (TREO) within the mineralised layers, underpinning the project’s potential as a source of EU-critical raw materials.

Resource Estimation Supported by Independent Consultants

Independent consultants engaged to prepare the maiden JORC (2012) Mineral Resource Estimate have endorsed the inclusion of these channel samples in their modelling. Osmond anticipates these assays will significantly enhance the Mineral Resource categories and tonnage, providing a firmer foundation for the upcoming resource declaration.

This development builds on the company’s earlier drilling and bulk sampling successes, which have already demonstrated consistent high-grade zones across the Avellanar Zone (Zone 1). The continuity and quality of mineralisation observed align with the company’s strategy to fast-track project development and capitalise on strong EU regulatory support for local critical mineral production. These factors also tie into the company’s ongoing low capex Scoping Study and world-class critical minerals potential confirmation announced in recent months.

Phase 2 Drilling Ready to Roll Pending Final Approvals

With 21 drill locations approved across the 85km2 Orión permit area, Osmond has completed Phase 1 drilling at seven sites and plans to focus Phase 2 on four high-priority holes near existing high-grade intersections and outcrops. Drill rigs are on standby, awaiting final administrative signatures from the Environment Department and landowner access consents to commence drilling at AV-02, AV-03, SOR-07, and SOR-08.

The company remains optimistic that drilling will start before the onset of Spain’s hotter months, which could impose heat restrictions. This next wave of drilling aims to confirm lateral and vertical continuity of the mineralised zones, feeding directly into resource estimation and project optimisation efforts.

Scoping Study Progresses Toward Completion

Osmond continues to advance its Scoping Study, integrating geological modelling, mineral processing test work, mining studies, environmental assessments, and product marketing. The study is targeted for completion in the second half of 2026 and is designed to underpin a low capital expenditure concentrate production approach that aligns with EU strategic priorities.

Alongside the technical work, Osmond’s recent partnerships and testwork results, including promising zircon and monazite recoveries, position the company to be the EU’s sole producer of rare earths, titanium, zirconium, and hafnium. This unique positioning could reshape supply chains for critical minerals within the bloc, a theme underscored by the company’s ongoing low capex Scoping Study and rare earths collaboration.