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Osmond Resources Limited (ASX:OSM)

ALERT: Price-sensitive ASX Announcement for OSM
Current share price for OSM : $0.640 -0.305 (-32.28%)+
Announcement
Release
7 Oct 2025 8:38AM
Price at Release
$0.945
Full Release
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Summary
On 7 October 2025, Osmond Resources Limited announced a successful intersection of the targeted prospective stratigraphy with its first drill hole, AV01, at the Orión EU Critical Minerals Project. This intersection was within the Ordovician Pochico Formation, known for its heavy mineral content, including rutile, zircon, and monazite. A 3.4-meter thick sequence was fast-tracked for assaying, with results expected by the end of October 2025. The company plans to continue its 15-hole drilling program with a second rig arriving soon. Heavy mineral concentrations as high as 33% were noted in Zone 1 from previous bulk sampling.
Key Points
  • First drill hole, AV01, has intersected the targeted prospective stratigraphy.
  • A 3.4m thick, highly prospective sequence has been fast tracked for assaying.
  • Company expects to confirm grade by end of October 2025.
  • Additional drill holes to commence with second rig in transit to Project.
  • The Pochico Formation is characterized by heavy minerals including rutile, zircon, and monazite.
  • Heavy mineral concentrations up to ~33% have been recorded by bulk channel sampling in Zone 1.
  • Osmond is continuing with its maiden 15-hole drilling program at Orión.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.