Osmond Resources (ASX:OSM) confirms further industry leading grades of titanium (rutile), zircon and rare earth mineralisation at Orion

Osmond Resources (ASX:OSM) has announced further industry leading grades from its second drill hole at the Orion EU Critical Minerals Project in southern Spain.

The new results align closely with those previously reported from AV 01, a hole drilled approximately twenty seven metres away, and together they reinforce the continuity, tenor and structural predictability of the primary quartzite hosted heavy mineral layer within Zone 1.

All five completed diamond drill holes to date have intersected the prospective quartzites of the Pochico Formation, while surface channel sampling of adjacent outcrops has provided additional high grade support.

Anthony Hall, Managing Director and CEO of Osmond Resources, elaborates on the significance of the latest results and the steps the company is taking as it advances toward technical evaluation and resource definition.

How do the AV 01bis assay results compare with leading global operations?

The in-situ (as opposed to a percentage of Total Heavy Minerals) AV 01bis results included an estimated 3m intersection starting at 106m beneath surface at 13% rutile, 8% zircon and 0.9% TREO.

Within this intersection there was 1.8m at 19% rutile, 12% zircon and 1.3% TREO.

Based on our research, the highest in-situ grade zircon project globally is PYX Resources, which reports an in-situ zircon grade of 4.76 percent.

As you can see, our assay results really were amazing and definitely industry leading.

In what ways does AV 01bis validate the mineralogical characteristics identified in AV 01?

AV 01bis was designed specifically to test the repeatability of the mineralisation observed in AV 01, and it has done so convincingly.

The titanium, zirconium and rare earth assays follow the same profile we documented previously, while the indicative heavy mineral ratios derived from TIMA X analysis—covering rutile, zircon, ilmenite and monazite—display a close match between the two holes.

This alignment confirms that the mineralogical assemblage identified in AV 01 is not localised but instead developed consistently across both drill traces, reinforcing our confidence in the emerging mineral system.

Has surface sampling provided further evidence of continuity across the mineralised system?

Yes, the surface data integrates seamlessly with the drilling results and provides another layer of confirmation. Channel samples taken along exposed sections of the primary quartzite layer adjacent to both AV 01 and AV 01bis returned elevated titanium, zirconium and rare earth grades comparable to the downhole assays.

These outcomes demonstrate that the mineralised layer is not only present in drilling but also exposed at surface across multiple positions within Zone 1.

This alignment between surface and subsurface results significantly strengthens our understanding of layer continuity.

“We have16 channel samples of what we believe is the same seam and these samples have also recorded high grade Ti, Zr and REE assay results which adds further confidence to the continuity of the prospective high grade seam in Zone 1.”

What is the current status of the ongoing drilling program and assay turnaround?

We have now completed six diamond drill holes totalling 1,672.7 metres.

Two additional holes are currently progressing. Each of the completed holes has intersected the quartzites of the Pochico Formation, confirming the presence of the host stratigraphy across the project.

The primary sampling intervals from these holes have been submitted to an independent laboratory where assay processing is being fast tracked, and we expect results to be returned approximately every two to three weeks.

This steady flow of analytical information allows us to refine our geological interpretation continuously and direct future drilling with increasing precision.

“All drill holes have intersected the prospective Pochico Formation quartzites.”

What are the strategic next steps for advancing the Orion Project toward resource definition and technical studies?

Our next steps focus on strengthening geological confidence across Zones 1, 2 and 3 through additional drilling, mapping and surface sampling, while continuing mineralogical and metallurgical studies that will inform processing considerations.

These activities include detailed TIMA X analysis and broader metallurgical work that will help characterise the mineral assemblage and guide flow sheet development.

The ASX release outlines that our key objectives for the first half of calendar year 2026 include completing the Mineral Resource Estimate, progressing Scoping Study activities and finalising flow sheet confirmation.

These tasks are designed to advance the project in a structured and disciplined manner with a view to fast tracking the completion of a Scoping Study and applications for EU Critical Project status.

When you consider we have three of 17 strategic critical materials in the EU and five of 34 this is a project that should become very important to the EU’s 2030 targets of extracting at least 10% of all 34 critical minerals.

Especially given the EU currently extracts no titanium, no zircon / hafnium and no rare earths.

Advancing Toward Technical Definition

Osmond Resources continues to build a comprehensive dataset that supports both geological certainty and long term project planning at the Orion EU Critical Minerals Project.

With consistent drilling results, supportive surface sampling and fast tracked assay throughput, the company remains well positioned to progress toward its next milestones.

The company currently has a multi-disciplinary team of eight staff in Spain progressing the project and views itself as a Spanish company listed on the ASX as opposed to an Australian company with Spanish projects.

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