Osmond Resources Drill Results Expand Critical Minerals Discovery

Outstanding High-Grade Intersections Expand Discovery Scale

Osmond Resources Limited (ASX: OSM) has announced significant assay results from its Zone 3 drilling program at the Orión EU Critical Minerals Project in Spain, delivering results that could transform the company's position in the European critical minerals landscape. The latest drilling, conducted 9.5 kilometres from initial discovery holes, has confirmed the regional-scale potential for what could become a globally significant titanium (rutile), zircon, and rare earth elements deposit.

The two completed drill holes, NWOR-03 and NWOR-04, have delivered exceptional intersections that reinforce the deposit's potential. The Osmond Resources Ltd drill results from these holes have exceeded expectations, with multiple high-grade zones demonstrating the project's expanding footprint.

NWOR-03 delivered:

• 3.0m at 3.49% TiO₂, 0.75% ZrO₂, 168ppm HfO₂, 0.171% TREO from 132.0m
• Including 0.3m at 6.29% TiO₂, 1.12% ZrO₂, 254ppm HfO₂, 0.216% TREO

NWOR-04 produced multiple intersections:

• 2.1m at 5.20% TiO₂, 1.39% ZrO₂, 305ppm HfO₂, 0.24% TREO from 178.15m
• 6.35m at 2.97% TiO₂, 0.67% ZrO₂, 149ppm HfO₂, 0.154% TREO from 229.2m
• 1.2m at 4.07% TiO₂, 0.99% ZrO₂, 219ppm HfO₂, 0.252% TREO from 243.4m

The discovery of multiple heavy mineral layers across both holes demonstrates the deposit's structural complexity and potential for substantial tonnage accumulation across the 10 km² Zone 1 Resource Target Area.

What Makes Heavy Mineral Deposits Special?

Heavy mineral deposits like Orión represent some of the world's most valuable mining opportunities due to their unique formation and commodity mix. These deposits form when dense minerals, including rutile (titanium dioxide), zircon, and rare earth-bearing monazite, concentrate in ancient beach and tidal environments.

Furthermore, heavy mineral deposits form through a natural concentration process where weathering breaks down source rocks containing valuable minerals. Ocean currents and wave action then separate these minerals based on their density, with the heaviest materials accumulating in specific zones along ancient shorelines.

The process creates naturally concentrated deposits of high-value materials that would otherwise be scattered throughout much larger volumes of rock. This natural beneficiation makes heavy mineral deposits particularly attractive for mining operations.

Economic Importance of Heavy Mineral Deposits

Why This Matters to Investors:

• High-value commodities: Rutile trades at approximately US$1,400-1,600 per tonne, while zircon commands US$1,800-2,200 per tonne
• Critical mineral status: All three primary commodities (titanium, zirconium, rare earths) are designated as critical by the EU
• Supply chain security: European production would reduce dependence on non-EU sources
• Multiple revenue streams: Unlike single-commodity projects, Orión offers diversified revenue from multiple high-value products

The deposit's quartzite-hosted layers provide excellent geological continuity, whilst the sub-horizontal stratigraphy suggests favourable mining geometry for future extraction operations.

Geological Continuity Supports Large-Scale Resource Potential

The drilling results confirm that high-grade mineralisation extends across significant distances, with the Main Layer identified in Zone 1 appearing to correlate with Layer 3 in Zone 3. This geological interpretation suggests:

1. Regional continuity of mineralised horizons across the project area
2. Multiple mineralising events creating distinct heavy mineral layers
3. Higher rutile-to-ilmenite ratios in Zone 3, indicating varying mineral assemblages that could optimise processing economics

"The discovery of mineralisation 9.5km from initial drill holes at similar geological positions strongly supports the potential for a globally significant critical minerals resource."

Drilling Programme Status:

• Nine drill holes completed totalling 2,806 metres
• Four additional holes awaiting assay results
• Drilling to recommence within the current quarter

Moreover, the Osmond Resources Ltd drill results have established a strong foundation for the company's development pipeline, with clear milestones ahead.

Strategic Positioning in EU Critical Minerals Supply Chain

Osmond's Orión project is uniquely positioned to capitalise on European Union initiatives to secure domestic critical mineral supplies. The project's location in Spain's Andalucía region offers several strategic advantages.

Operational Benefits

• Established mining jurisdiction with clear regulatory framework
• Proximity to European processing and manufacturing centres
• Access to skilled mining workforce and infrastructure
• Environmental compatibility within Special Conservation Area designation

In addition, the market positioning benefits include strong EU policy support through the EU Critical Raw Materials Act prioritising domestic supply development. There is also strong regulatory support for in-sourcing production of critical minerals.

Market Positioning Advantages

• Potential for government financing and development incentives
• Downstream product initiatives already in development

The company's focus on the 10 km² Zone 1 Resource Target Area positions it to deliver compelling Scoping Study metrics, whilst ongoing downstream product initiatives could capture additional value through vertical integration.

Financial and Development Outlook

With multiple catalysts approaching, Osmond appears well-positioned for significant value creation. The impressive Osmond Resources Ltd drill results have established the project's potential scale and grade continuity.

Immediate Catalysts:

• Assay results from four remaining Zone 3 drill holes expected within weeks
• Drilling programme recommencement within current quarter
• Continued focus on high-priority Zone 1 target area

Medium-Term Milestones:

• Mineral Resource Estimate expected in 1H CY26
• Scoping Study completion targeting 1H CY26
• Metallurgical flow sheet confirmation to optimise processing economics
• Investigation Permit applications for lateral extensions (Metioque, Menodice, Menipe)

Why Should Investors Follow This Company?

Osmond Resources has positioned itself as a potential major player in European critical minerals, with several compelling reasons for investor attention. The latest exceptional Osmond Resources Ltd drill results demonstrate the project's expanding scale and grade continuity.

Unique Value Proposition

1. Strategic location in EU with strong regulatory support
2. Multiple high-value commodities providing revenue diversification
3. Large-scale potential demonstrated across 9.5km+ strike length
4. Fast-track development pathway with completion targets in 1H CY26

What Are the Competitive Advantages?

• Early-mover advantage in EU critical minerals development
• Proven geological continuity across multiple zones
• Strong management team with relevant experience
• Clear development timeline with defined milestones

The combination of high-grade results, geological continuity, and strategic EU positioning creates a compelling investment thesis for investors seeking exposure to the critical minerals sector.

Technical Excellence Meets Market Opportunity

The technical quality of these remarkable results, combined with the project's geological characteristics, positions the company to potentially develop a world-class critical minerals operation. The sub-horizontal stratigraphy and quartzite-hosted mineralisation suggest favourable mining conditions that could support low-cost extraction methods.

Market dynamics further enhance the project's appeal. European demand for titanium, zirconium, and rare earth elements continues to grow, driven by renewable energy infrastructure, aerospace applications, and advanced manufacturing requirements.

However, current supply chains rely heavily on imports, creating significant opportunities for domestic European production. This supply-demand imbalance presents an attractive market positioning for European-based projects like Orión.

"With drilling results confirming regional-scale potential and EU policy strongly supporting domestic critical mineral development, Osmond Resources has positioned itself to potentially become a significant European producer of titanium, zirconium, and rare earth elements."

Corporate Development and Management Alignment

The upcoming Scoping Study and Resource Estimate in 1H CY26 represent key catalysts for substantial value creation. The Board has resolved to award Dr. Lachlan Rutherford 1,000,000 share options exercisable at $0.90 expiring 6 June 2029, subject to shareholder approval.

This represents long-term management alignment with shareholder value creation, demonstrating confidence in the project's development potential. The convergence of strong technical results, strategic market positioning, and clear development milestones establishes Osmond as a company worthy of investor attention in the expanding European critical minerals sector.

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