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Osmond Resources Limited (ASX:OSM)

ALERT: Price-sensitive ASX Announcement for OSM
Current share price for OSM : $0.610 -0.12 (-16.44%)+
Announcement
Release
16 Jul 2026 8:57AM
Price at Release
$0.730
Full Release
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Summary
Osmond Resources Limited announced an expansion of their Mineral Resource Target Area at the Orión EU Critical Mineral Project in Jaén Province, Andalucía, Southern Spain. Exceptional assay results from drill hole SOR-08A confirmed high-grade mineralization extends over 1.25km east-southeast from the discovery hole AV-01. The assays revealed significant concentrations of titanium dioxide, zirconium dioxide, and hafnium dioxide, among others. The results are expected to have a material impact on the Mineral Resource Estimate and Scoping Study metrics, indicating the project's potential as the EU's first producer of critical minerals such as monazite, zircon, and titanium minerals.
Key Points
  • Exceptional grade assay results from drill hole SOR-08A.
  • High-grade mineralization extends over 1.25km east-southeast of discovery hole AV-01.
  • Significant concentrations of TiO2, ZrO2, and HfO2.
  • Indicative heavy mineral grades include monazite, zircon, rutile, and ilmenite.
  • Drill results expected to impact Mineral Resource Estimate and Scoping Study metrics.
  • Osmond Resources aims to be the EU's first producer of 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.