Report: ADDITIONAL HIGH-GRADE OUTCROPS EXPECTED TO SUPPORT MAIDEN MINERAL RESOURCE ESTIMATE

Osmond Resources Ltd$0.550

ASX:OSM+0.090 (+19.57%)

Key Findings

Osmond Resources Limited announced additional channel sample assays from outcrops at the Orión EU Critical Minerals Project, which returned exceptional in-situ total heavy mineral grades of over 20%. Highlights include assays from the main heavy mineral seam with grades up to 14.1% TiO2 (13.9% rutile, 5.3% ilmenite), 5.08% ZrO2 (8.8% zircon), and 0.87% TREO (1.3% monazite). Independent consultants have confirmed that these channel samples can be included in the Mineral Resource Estimation process. The company is planning Phase 2 drilling with four drill holes targeting areas proximate to existing high-grade drill holes and outcrops. Scoping Study activities are ongoing with completion anticipated in 2H CY26.

Report Details

Date

28 May 2026

Authors

Anthony Hall, Elvis Jurcevic

Project

Orión EU Critical Minerals Project

Elements

ti, zr, re, la, ce, pr, nd, sm, eu, gd, tb, dy, ho, er, tm, yb, lu, y

Drill Types

diamond drilling

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