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Osmond Resources Limited (ASX:OSM)

ALERT: Price-sensitive ASX Announcement for OSM
Current share price for OSM : $0.690 0.15 (27.78%)+
Announcement
Release
19 Feb 2026 8:31AM
Price at Release
$0.540
Full Release
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Summary
Osmond Resources Limited has reported promising assay results from its drilling operations in Zone 3 at the Orión EU Critical Minerals Project, highlighting the potential for significant deposits of titanium, zircon, and rare earth elements. The results from drill holes NWOR-03 and NWOR-04, located approximately 9.5km from the initial high-grade discovery, confirm the regional-scale potential of the project. The company, which controls a significant portion of the project in Southern Spain, is planning further drilling and development activities to confirm resource scale and continuity, aiming to benefit from EU regulatory support for critical mineral production.
Key Points
  • Osmond Resources Limited announced positive assay results from drilling in Zone 3 at the Orión EU Critical Minerals Project.
  • Drilling revealed multiple heavy mineral layers with significant deposits of rutile, zircon, and rare earth elements.
  • Key assay results include findings from drill holes NWOR-03 and NWOR-04, indicating potential regional-scale mineral resources.
  • The Project site includes 756 Spanish mining units over 228 km² in Jaén Province, Andalucía, Southern Spain.
  • The Company plans to continue drilling to confirm mineral continuity and scale, with further results expected soon.
  • Osmond is focused on fast-tracking development activities to leverage EU regulatory support for critical minerals production.
  • Future work includes geological mapping, sampling, geophysical studies, drilling, metallurgical studies, and marketing.
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.