Osmond Resources Advances EU Rare Earths Project with Key Studies and Madrid Listing

Imminent Assay Results to Fuel Resource Estimate

Osmond Resources (ASX:OSM) is on the cusp of delivering assay results for drill holes SOR-07 and SOR-08 at its Orión EU Critical Minerals Project in southern Spain, with SOR-07 results expected next week and SOR-08 assays due by mid-July. These samples target the Pochico Formation quartzite layers rich in heavy minerals including monazite, zircon, and rutile-ilmenite.

The company anticipates these results will underpin its maiden Mineral Resource Estimate (MRE), scheduled for completion within the current quarter. This MRE will feed into a Scoping Study also due by the end of Q3 2026, marking a critical step as Osmond transitions from exploration towards development.

Downstream Study and Resource Expansion Plans

Alongside the MRE and Scoping Study, Osmond is progressing a Pre-Feasibility Study (PFS) focused on Mixed Rare Earth Carbonate (MREC) production, being prepared by Spanish EPC giant Técnicas Reunidas. Expected this quarter, the PFS aims to demonstrate strong financial metrics and provide financing optionality for the project’s downstream processing potential.

Looking beyond the immediate quarter, Osmond plans to recommence a second drilling program in late September or early October 2026. This campaign will add approximately 13 drill holes to support an updated, larger Mineral Resource Estimate targeted for December 2026, which in turn will enable more comprehensive project studies in early 2027.

Strategic Madrid Listing and Localised Team

Corporate developments include the initiation of a secondary listing on the Bolsa de Madrid, with trading expected to commence in Q4 2026, pending regulatory approval. Osmond believes this move will enhance liquidity and facilitate access for Spanish investors, aligning with its strong local presence.

The company has now fully assembled its Spanish-based project team, comprising geologists, mining engineers, metallurgists, environmental and communications managers, and finance professionals. Importantly, all team members have been granted out-of-the-money share options, aligning incentives. Osmond is also prioritising a local-first contracting policy, focusing on providers within Jaén Province and broader Spain where possible.

High-Grade Mineralisation Supports EU Critical Minerals Ambitions

Osmond’s Orión project covers 232 square kilometres in Andalucía and targets heavy mineral layers with concentrations up to 30%, including rare earth-bearing monazite, zirconium/hafnium, and titanium minerals. Bulk sampling and channel assays have confirmed impressive grades, with titanium dioxide (TiO2) exceeding 14% in some samples and total rare earth oxides (TREO) around 1%. The company aims to become the EU’s first producer of these critical minerals, a strategic position given the bloc’s push for supply chain security.

While the Iberian One Project in Segovia Province remains under consideration, Osmond’s near-term focus is squarely on Orión, leveraging strong EU regulatory support and local expertise to fast-track development.

Executive Incentives and Shareholder Value Focus

In line with its growth ambitions, Osmond’s board will seek shareholder approval to grant long-term incentive share options to key directors, including Managing Director Anthony Hall (4 million options), Executive Director Lachlan Rutherford (2 million), and Non-Executive Director Daniel Eddington (1.25 million). These options have a strike price of 90 cents and expire in June 2030, reflecting confidence in the company’s value trajectory.

With multiple catalysts ahead, from assay results and resource updates to project studies and a strategic market listing, Osmond Resources is positioning itself at the forefront of Europe’s critical minerals supply chain. The next few months will be pivotal in translating exploration promise into tangible project momentum.