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Osmond Resources Limited (ASX:OSM)

ALERT: Price-sensitive ASX Announcement for OSM
Current share price for OSM : $0.615 -0.145 (-19.08%)+
Announcement
Release
3 Jul 2026 8:57AM
Price at Release
$0.760
Full Release
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Summary
Osmond Resources Limited announced several initiatives aimed at driving shareholder value and advancing its position as the EU’s first producer of rare earth-bearing monazite, zircon, and titanium minerals. Key efforts include the expected release of assay results for drill holes, the completion of project studies with potential exceptional financial metrics, and plans for secondary listing on the Madrid Stock Exchange. The company is focusing on their Orión EU Critical Minerals Project located in Southern Spain, targeting a Maiden Mineral Resource Estimate and Scoping Study, with additional drilling programs planned to support these efforts.
Key Points
  • Assay results for drill hole SOR-08 expected by mid-July.
  • Drill hole SOR-07 progressing with results expected mid next week.
  • Maiden Mineral Resource Estimate and Scoping Study due in current Quarter.
  • PFS level Mixed Rare Earth Carbonate (MREC) Study due in current Quarter.
  • Studies expected to help facilitate Spanish and EU project support.
  • Second drill program expected to recommence in late September / early October 2026.
  • Updated MRE supported by additional drilling targeted for completion in December 2026.
  • Work stream commenced for secondary listing on Bolsa de Madrid.
  • Company on track to become EU’s first producer of rare earth-bearing monazite, zircon, and titanium minerals.
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.