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Osmond Resources Limited (ASX:OSM)

ALERT: Price-sensitive ASX Announcement for OSM
Current share price for OSM : $0.630 -0.1 (-13.70%)+
Announcement
Release
29 Jul 2026 8:48AM
Price at Release
$0.730
Full Release
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Summary
Osmond Resources Limited released its Quarterly Activities and Cashflow Report for June 2026, focusing on their flagship Orión EU Critical Minerals Project in Southern Spain. Significant drilling results indicated high concentrations of valuable minerals such as monazite, zircon, rutile, and ilmenite, which are vital for the company's aspirations to become the EU's first producer of these minerals. The results from drill hole SOR-08A show exceptional grades of heavy minerals, expected to support a maiden Mineral Resource Estimate. The company is also progressing with a secondary listing on the Bolsa de Madrid and assembling a Spanish-based team for corporate and project operations. Financially, the company reported having A$5.5 million cash at the end of the quarter.
Key Points
  • Exceptional heavy mineral grades from drill hole SOR-08A.
  • High-grade channel sample assays received.
  • Preparation for maiden Mineral Resource Estimate.
  • Secondary listing on Bolsa de Madrid underway.
  • A$5.5 million cash reported at quarter end.
  • Focus on Orión EU Critical Minerals Project in Spain.
  • Significant progress in drilling and resource estimation.
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.