Osmond Resources Ltd (ASX:OSM)

Spanish Projects EU Critical Minerals Project, Spain Subject to shareholder approval, the Company will control the Orion EU Critical Minerals Project (the Project) located in Jaén Province, Andalucía, Southern Spain. The Project includes 288 Spanish mining units (cuadrículas mineras) covering an area of ~86.4km2. A bulk sample of 150kgs was taken from three different outcrops across the Avellanar Zone and was designed to confirm channel sample grades, determine mineral species and to consider initial processing routes with respect to grinding size and liberation. Iberian One Project, Spain Subject to shareholder approval the Company will own a 100% interest in the Iberian One Project, located in Segovia Province, central Spain. The project aims to exploit kaolinite and alunite mineralisation to deliver EU critical minerals. A five-hole drilling program has been completed to test the over 190 historic drill holes and two historical mines. Osmond’s focus is on its ability to fast-track development activities to take advantage of EU critical minerals legislation and the need for extraction projects to reduce the EU’s reliance on imports of alumina, potash and graphite. South Australian Projects In South Australia the Yumbarra Project (EL6417) remains a priority project for Osmond targeting base metals and platinum group elements (PGE). Planning for detailed geophysics surveys and geochemistry reviews is in progress. The environmental permitting process for a fixed loop electro-magnetic (FLEM) survey is well underway. The FLEM survey is proposed over the priority coincident VTEM-AEM-Gravity targets to define conductive rock units at depth on inferred ultramafic basal contact zones and feeder dykes. Following recent technical analysis and review the Company has commenced rationalisation of its South Australian portfolio, commencing the withdrawal from the Talacootra (EL6615), Coorabie (EL6692) and Fowler Project (EL6603 and EL6604).