HIGHLIGHTS
- Outstanding results received from all five samples from Zone 3 sent for TIMA* Analysis
- High-value rutile averaging over 95% of Titanium mass
- Rutile grade as a percentage of total material analysed
- Geological work continues to show positive correlation between outcrops
- Focus remains on commencing drilling activities.
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Osmond Resources Limited (ASX: OSM) (Osmond or the Company) is pleased to announce outstanding results from all five samples from Zone 3 sent for TESCAN Integrated Mineral Analyzer (TIMA) analysis. Five samples were chosen from Zone 3 (refer ASX Release dated 28 January 2025), with high-value rutile averaging over 95% of total Titanium mass.
Rutile is the most valuable titanium mineral with the highest TiO2 content of over 95% TiO2. Pricing data from the USGS Mineral Commodity Summaries 2025 for 2024 shows Rutile trades at a 380% premium over Ilmenite (US$1,310 vs. US$340). https://pubs.usgs.gov/publication/mcs2025
Commenting on the results, Osmond CEO and Managing Director, Anthony Hall, said:
“These results were stronger than we expected and importantly confirm a significant majority (over 95%) of the titanium is coming from high-value rutile. The titanium ratios are simply amazing and will ultimately provide a great advantage to any strategic critical minerals mining operation in the EU.
Our focus remains on commencing drilling activities to confirm we have a unique mineral sands project with extraordinary high-grade, high-value and high-tonnage.”
Link to ASX Release: https://bit.ly/4cprTve
Investors and Media contact:
Anthony Hall | Managing Director and CEO
+61 417 466 039
Elvis Jurcevic | Investor Relations
+61 408 268 271
* TESCAN Integrated Mineral Analyzer