Osmond Resources (ASX.OSM) to Fast-Track High-Grade Target at Orión Eu Titanium (Rutile), Zircon And Rare Earth Project

HIGHLIGHTS

• Focus remains on high-grade area of ~10km2 in Zone 1 (Target Area)
  
  
• 13 channel samples, three bulk samples and the first three drill holes from Target Area all show outstanding high-grades of titanium (rutile and ilmenite) and zircon with rare earth element and silica upside
  
  
• Preliminary metallurgical test work program on bulk samples from Zone 1 substantially completed with initial results anticipated in the coming weeks
  
  
• Mineral Resource Estimate targeted for completion on Target Area as a priority to enable mine planning
  
  
• Scoping Study targeted for 2H, CY26 focusing on Target Area
  
  
• Downstream product initiatives in train to take advantage of potential grade and scale
  
  
• Spanish centric and EU funding, partner and product strategies progressing.

_________________

Osmond Resources Limited (ASX: OSM) (Osmond or the Company) is pleased to provide a summary of its corporate strategy with respect to project execution and related activities to support its flagship Orión EU Critical Minerals Project (Orión or the Project) (Figure 1 and 2).

Figure 1 – Map Showing Target Area and Key Initial Drill Hole Results.

Figure 2 – Map showing location of drill holes at the Orión EU Critical Minerals Project.

Project Execution

The Company’s main focus is on advancing the Project to Scoping Study completion as quickly as possible. To facilitate this the Company is seeking to:

1. Complete resource drilling in the Target Area (refer to Figures 1 and 2) (1H, CY26)
2. Delineate a maiden JORC Code compliant Mineral Resource Estimate (1H, CY26)
3. Complete metallurgical test works at Scoping Study level (2H CY26). Preliminary results and flow sheet design from bulk sample testing is substantially completed with initial results anticipated in the coming weeks (Q1, CY26)
4. Complete mine planning, process plant, utilities and logistics strategies (1H, CY26)
5. Complete Scoping Study for the Target Area (2H, CY26).

Completion of the Scoping Study is likely to be a critical juncture for the Company as it is expected to demonstrate a very compelling EU based rutile, ilmenite, zircon and rare earth project.

The Scoping Study will further the Company’s aspiration to be the only company extracting titanium, zirconium (and hafnium), and rare earth elements in the EU.

Product, Partners and Government Strategy

To compliment project execution activities the Company is progressing various downstream product related initiatives to take advantage of the potential grade and scale of the Project. The activities can be summarised as:

1. Progress downstream product related initiatives with respect to titanium (rutile and ilmenite), zircon, rare earths and silica metal with a focus on EU and North American markets
2. Progress discussions with Spanish centric and EU funding, project and product partners.

Link to ASX Release:  https://bit.ly/49xQcGp

Anthony Hall
Managing Director and CEO
[email protected]
+61 417 466 039

Elvis Jurcevic
Investor Relations
[email protected]
+61 408 268 271