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Osmond Resources Limited (ASX:OSM)

ALERT: Price-sensitive ASX Announcement for OSM
Current share price for OSM : $0.705 0.105 (17.50%)+
Announcement
Release
3 Mar 2026 8:26AM
Price at Release
$0.600
Full Release
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Summary
Osmond Resources Limited has announced positive preliminary mineral processing testwork results from their Orión EU Critical Minerals Project in Andalucía, Spain. The testwork, conducted at SGS Lakefield in Canada, demonstrated strong zircon and monazite results, achieving significant liberation and recovery rates using conventional processing methods. The company is preparing for a large-scale continuous beneficiation test, aiming to further optimize the production of high-value zircon and monazite concentrates. The results are promising for conventional processing flowsheets and position Osmond well for future project developments, with expectations of aligning with global producers' standards.
Key Points
  • Preliminary metallurgical testwork achieves ~97.4% liberation of zircon, producing a ~50.2% ZrO2 concentrate with ~70% recovery.
  • Scoping Study testwork targets production of premium grade zircon concentrate grading =66% ZrO2.
  • Initial flotation tests on -38µm monazite fraction achieve ~19.4% TREO with ~76% recovery.
  • Large-scale continuous beneficiation testwork on a five tonne bulk sample to support next phase of project development is about to commence.
  • Orión EU Critical Minerals Project is located in Andalucía, Spain, targeting critical minerals like rutile, ilmenite, zircon, and monazite.
  • Preliminary results provide confidence in the use of conventional heavy mineral processing flowsheets.
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.