Osmond Resources (ASX:OSM) announced plans to accelerate development of the high-grade zone at its flagship Orión EU Critical Minerals Project.
The company is prioritising a ~10km2 area in Zone 1, where initial exploration—including 13 channel samples, three bulk samples, and the first three drill holes—has returned exceptional grades of titanium (rutile and ilmenite) and zircon, with potential upside for rare earth elements and silica.
Preliminary metallurgical testing on bulk samples is substantially complete, with initial results expected in the coming weeks.
Osmond aims to finalise a maiden JORC-compliant mineral resource estimate for the Target Area in the first half of 2026, followed by a scoping study in the second half of the year.
The project also includes downstream product initiatives and strategic engagement with EU and Spanish partners to maximise the potential of the high-grade deposit, positioning Osmond as a key European producer of titanium, zirconium, and rare earth elements.
At the time of reporting, Osmond Resources' share price was $0.66.