Osmond Resources Limited (ASX:OSM)

ALERT: Price-sensitive ASX Announcement for OSM

Current share price for OSM : $0.620 -0.035 (-5.34%)⁺

Announcement

Further Progress Towards Scoping Study Completion

Release

14 Aug 2026 8:18AM

Price at Release

$0.655

Full Release

Summary

Osmond Resources Limited has announced further progress towards completing the Scoping Study for the Orión EU Critical Mineral Project in Jaén Province, Andalucía, Spain. The project aims to make Osmond the first EU producer of monazite, zircon, and titanium minerals. Significant progress includes confirming high-grade seam continuity through drill hole SOR-07A and ongoing mineralogical studies. The company has commenced trading on the Frankfurt Stock Exchange and is working on a 2.0 Mtpa processing design. The Scoping Study is expected to be completed in the current quarter, with the company focusing on high-grade mineral layers across the project area to meet EU regulatory demands for critical minerals production.

Key Points

Positive progress towards Orión EU Critical Mineral Project Scoping Study completion.
Osmond aims to become the EU's first producer of rare earth-bearing monazite, zirconium, hafnium, and titanium minerals.
Drill hole SOR-07A confirmed high-grade seam continuity in Southern Block.
Scoping Study remains on track for completion in the current quarter.
Osmond starts trading on the Frankfurt Stock Exchange.
Focus on high-grade rutile, zircon, and monazite layers across the Orión Project.
Petrography studies confirm comparability between outcrop and drill core samples.
Development of a 2.0 Mtpa processing design by Wood Australia Pty Ltd.
Ongoing mineralogical studies to confirm mineral abundances.
Osmond Resources targeting completion of Scoping Study by 2H CY26.

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.