Osmond Resources Limited (ASX:OSM)

ALERT: Price-sensitive ASX Announcement for OSM

Current share price for OSM : $0.730 -0.16 (-17.98%)⁺

Announcement

Step-Out Drilling Intersects Prosepective Geology

Release

31 Oct 2025 8:39AM

Price at Release

$0.890

Full Release

Summary

Osmond Resources Limited has announced further results from its maiden drilling program at the Orión EU Critical Minerals Project. The company confirmed that the Pochico Formation quartzites have been intersected in three additional drill holes, with significant intersections measuring 3.9m, 1.9m, and 3.3m. Drilling has expanded the prospective strike lengths in Zone 1 and Zone 3 to approximately 1.7km and 9.5km, respectively. The initial assays are expected in 2-3 weeks. The project's strategic focus is on critical minerals like rutile, zircon, and monazite, with substantial concentrations recorded in previous bulk sampling.

Key Points

Second, third, and fourth drill holes intersected prospective stratigraphy.
Main prospective layers are 3.9m, 1.9m, and 3.3m thick.
Step-out drilling increased prospective strike in Zone 1 to ~1.7km.
Prospective strike increased to Zone 3 by ~9.5km.
First assay results anticipated in 2-3 weeks.
Pochico Formation quartzites intersected in additional drill holes.
Project targets critical minerals like rutile, zircon, and monazite.

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.