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Osmond Resources Limited (ASX:OSM)

ALERT: Price-sensitive ASX Announcement for OSM
Current share price for OSM : $0.640 0.08 (14.29%)+
Announcement
Release
29 Jan 2026 8:21AM
Price at Release
$0.560
Full Release
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Summary
Osmond Resources Limited has released its December 2025 quarterly activities report, highlighting significant progress in the maiden drilling program at the Orión EU Critical Minerals Project in Southern Spain. The project, covering 228 km², is rich in critical minerals such as rutile, zircon, and rare earth elements. The company has completed nine drill holes totaling 2,806 meters, revealing high-grade mineral findings, especially titanium and zircon. Initial metallurgical tests on bulk samples are almost complete, with further resource estimation and scoping studies planned for 2026. Financially, the company reported over A$8.5 million in pro forma cash at the end of 2025.
Key Points
  • Nine drill holes completed totaling 2,806 meters at Orión EU Critical Minerals Project.
  • High-grade findings of rutile and zircon in drill results.
  • Metallurgical test work program nearing completion.
  • Mineral Resource Estimate and Scoping Study planned for 2026.
  • Pro forma cash at bank over A$8.5 million as of 31 December 2025.
  • The project spans 228 km² in Jaén Province, Andalucía, Spain.
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.