OSM: Orion Resource Demonstrates Grade and Scale Potential
Original announcement by asx on
- Company
- Osmond Resources Ltd
- Ticker
- OSM
- Exchange
- ASX
- Region
- Jaén Province, Andalucía, southern Spain
- Primary commodity
- Titanium
- Secondary commodities
- Zirconium, Hafnium, Rare earth elements, Rutile, Ilmenite, Monazite, Valuable heavy minerals
- Document categories
- Resource update, Metallurgy, Drill results
- Extracted
- 2026-09-29 23:19:16 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Osmond Resources Ltd has announced a maiden JORC-compliant Mineral Resource Estimate for its Orión EU Critical Minerals Project in Spain, totaling 60.0 Mt at 9.39% TiO₂, 3.06% ZrO₂, 624 ppm HfO₂, and 6,274 ppm TREO. The estimate includes a Main Seam of 49.7 Mt, which is the basis for a current Scoping Study, and an Upper Seam. While the resource shows significant scale and high grades for critical minerals, 74% of the total resource is in the Inferred category, and preliminary metallurgical testwork requires further validation.
Reasoning: Osmond Resources announced a maiden JORC-compliant Mineral Resource Estimate for its Orión EU Critical Minerals Project, revealing substantial tonnage and high grades for titanium, zirconium, hafnium, and rare earth elements. While the resource demonstrates significant scale and potential, a large portion remains in the Inferred category, and metallurgical testwork is still preliminary, warranting further studies to confirm economic viability.
Positive factors
- Maiden Mineral Resource Estimate establishes a significant resource base for critical minerals
- JORC compliant reporting with Competent Person sign-off provides credibility
- High grades for key commodities like TiO2, ZrO2, and TREO demonstrate potential economic viability
- Project is located in the EU, positioning it as a potential future source of critical minerals
- Planned drilling aims to expand the MRE and upgrade resource categories
Negative factors
- A significant portion of the total resource (74%) is in the Inferred category, indicating lower confidence
- Metallurgical testwork is preliminary, and overall plant recoveries or final product specifications are not yet demonstrated
- The 4.0% TiO2 cut-off was selected by peer analogy and grade distribution, not yet supported by a definitive economic basis
- Contained quantities are arithmetic products and do not incorporate mining or metallurgical recovery, product specification, payability or marketability
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 122
Classification and evidence
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: the document describes a flotation route ("flotation")
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: the document describes a gravity route ("gravity")
Extracted facts
Stored fact records: 122. Some facts used in scoring do not have a stored record.
Resource Estimates (122)
measuredOrión EU Critical Minerals Project · titaniumTonnes: 2000000Grade: 12.14Grade Unit: %View all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- titanium
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:a4b708ac2265f6b07a99
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 12.14
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Measured resource for titanium in the Main Seam shows a high grade, indicating strong confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- High grade for titanium in the Measured category
- Measured category indicates high geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“12.14”
Context: 2.0
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · zirconiumTonnes: 2000000Grade: 4.18Grade Unit: %View all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- zirconium
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:a4b708ac2265f6b07a99
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 4.18
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Measured resource for zirconium in the Main Seam shows a high grade, indicating strong confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- High grade for zirconium in the Measured category
- Measured category indicates high geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“4.18”
Context: 2.0
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · hafniumTonnes: 2000000Grade: 848Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- hafnium
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:a4b708ac2265f6b07a99
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 848
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Measured resource for hafnium in the Main Seam shows a good grade, indicating strong confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- Good grade for hafnium in the Measured category
- Measured category indicates high geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“848”
Context: 2.0
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · total rare earth oxidesTonnes: 2000000Grade: 8595Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- total rare earth oxides
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:a4b708ac2265f6b07a99
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 8595
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Measured resource for TREO in the Main Seam shows a high grade, indicating strong confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- High grade for TREO in the Measured category
- Measured category indicates high geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“8,595”
Context: 2.0
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · magnetic rare earth oxidesTonnes: 2000000Grade: 2488Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- magnetic rare earth oxides
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:a4b708ac2265f6b07a99
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 2488
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Measured resource for MREO in the Main Seam shows a high grade, indicating strong confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- High grade for MREO in the Measured category
- Measured category indicates high geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“2,488”
Context: 2.0
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · titaniumTonnes: 11900000Grade: 10.86Grade Unit: %View all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- titanium
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:068ced341a951a2d3512
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 11900000
- Grade
- 10.86
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for titanium in the Main Seam shows a high grade, indicating reasonable confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- High grade for titanium in the Indicated category
- Indicated category indicates reasonable geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“10.86”
Context: 11.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · zirconiumTonnes: 11900000Grade: 3.66Grade Unit: %View all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- zirconium
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:068ced341a951a2d3512
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 11900000
- Grade
- 3.66
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for zirconium in the Main Seam shows a good grade, indicating reasonable confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- Good grade for zirconium in the Indicated category
- Indicated category indicates reasonable geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“3.66”
Context: 11.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · hafniumTonnes: 11900000Grade: 739Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- hafnium
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:068ced341a951a2d3512
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 11900000
- Grade
- 739
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for hafnium in the Main Seam shows a good grade, indicating reasonable confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- Good grade for hafnium in the Indicated category
- Indicated category indicates reasonable geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“739”
Context: 11.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · total rare earth oxidesTonnes: 11900000Grade: 7614Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- total rare earth oxides
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:068ced341a951a2d3512
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 11900000
- Grade
- 7614
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for TREO in the Main Seam shows a high grade, indicating reasonable confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- High grade for TREO in the Indicated category
- Indicated category indicates reasonable geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“7,614”
Context: 11.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · magnetic rare earth oxidesTonnes: 11900000Grade: 2187Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- magnetic rare earth oxides
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:068ced341a951a2d3512
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 11900000
- Grade
- 2187
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for MREO in the Main Seam shows a high grade, indicating reasonable confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- High grade for MREO in the Indicated category
- Indicated category indicates reasonable geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“2,187”
Context: 11.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · titaniumTonnes: 35900000Grade: 10Grade Unit: %View all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- titanium
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:6a4efc68c279b0e4b16e
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 35900000
- Grade
- 10
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for titanium in the Main Seam shows a high grade and adds substantial tonnage to the maiden MRE, but its lower confidence category requires further drilling for upgrade.
Positive factors
- High grade for titanium in the Inferred category
- Adds significant tonnage to the maiden MRE for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“10.00”
Context: 35.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · zirconiumTonnes: 35900000Grade: 3.3Grade Unit: %View all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- zirconium
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:6a4efc68c279b0e4b16e
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 35900000
- Grade
- 3.3
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for zirconium in the Main Seam shows a good grade and adds substantial tonnage to the maiden MRE, but its lower confidence category requires further drilling for upgrade.
Positive factors
- Good grade for zirconium in the Inferred category
- Adds significant tonnage to the maiden MRE for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“3.30”
Context: 35.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · hafniumTonnes: 35900000Grade: 665Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- hafnium
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:6a4efc68c279b0e4b16e
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 35900000
- Grade
- 665
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for hafnium in the Main Seam shows a good grade and adds substantial tonnage to the maiden MRE, but its lower confidence category requires further drilling for upgrade.
Positive factors
- Good grade for hafnium in the Inferred category
- Adds significant tonnage to the maiden MRE for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“665”
Context: 35.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · total rare earth oxidesTonnes: 35900000Grade: 6901Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- total rare earth oxides
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:6a4efc68c279b0e4b16e
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 35900000
- Grade
- 6901
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for TREO in the Main Seam shows a high grade and adds substantial tonnage to the maiden MRE, but its lower confidence category requires further drilling for upgrade.
Positive factors
- High grade for TREO in the Inferred category
- Adds significant tonnage to the maiden MRE for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“6,901”
Context: 35.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · magnetic rare earth oxidesTonnes: 35900000Grade: 1984Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- magnetic rare earth oxides
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:6a4efc68c279b0e4b16e
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 35900000
- Grade
- 1984
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for MREO in the Main Seam shows a high grade and adds substantial tonnage to the maiden MRE, but its lower confidence category requires further drilling for upgrade.
Positive factors
- High grade for MREO in the Inferred category
- Adds significant tonnage to the maiden MRE for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“1,984”
Context: 35.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · lanthanum oxideTonnes: 2000000Grade: 1554Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- lanthanum oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:a4b708ac2265f6b07a99
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 1554
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Measured resource for lanthanum oxide in the Main Seam shows a high grade, indicating strong confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- High grade for lanthanum oxide in the Measured category
- Measured category indicates high geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“1,554”
Context: 2.0
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · cerium oxideTonnes: 2000000Grade: 3459Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- cerium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:a4b708ac2265f6b07a99
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 3459
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Measured resource for cerium oxide in the Main Seam shows a high grade, indicating strong confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- High grade for cerium oxide in the Measured category
- Measured category indicates high geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“3,459”
Context: 2.0
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · praseodymium oxideTonnes: 2000000Grade: 385Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- praseodymium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:a4b708ac2265f6b07a99
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 385
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Measured resource for praseodymium oxide in the Main Seam shows a high grade, indicating strong confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- High grade for praseodymium oxide in the Measured category
- Measured category indicates high geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“385”
Context: 2.0
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · neodymium oxideTonnes: 2000000Grade: 1979Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- neodymium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:a4b708ac2265f6b07a99
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 1979
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Measured resource for neodymium oxide in the Main Seam shows a high grade, indicating strong confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- High grade for neodymium oxide in the Measured category
- Measured category indicates high geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“1,979”
Context: 2.0
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · samarium oxideTonnes: 2000000Grade: 238Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- samarium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:a4b708ac2265f6b07a99
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 238
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Measured resource for samarium oxide in the Main Seam shows a good grade, indicating strong confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- Good grade for samarium oxide in the Measured category
- Measured category indicates high geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“238”
Context: 2.0
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · europium oxideTonnes: 2000000Grade: 20Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- europium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:a4b708ac2265f6b07a99
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 20
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Measured resource for europium oxide in the Main Seam contributes to the overall rare earth profile, indicating strong confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- Europium oxide present in the Measured category
- Measured category indicates high geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“20”
Context: 2.0
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · gadolinium oxideTonnes: 2000000Grade: 165Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- gadolinium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:a4b708ac2265f6b07a99
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 165
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Measured resource for gadolinium oxide in the Main Seam shows a good grade, indicating strong confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- Good grade for gadolinium oxide in the Measured category
- Measured category indicates high geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“165”
Context: 2.0
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · terbium oxideTonnes: 2000000Grade: 22Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- terbium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:a4b708ac2265f6b07a99
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 22
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Measured resource for terbium oxide in the Main Seam contributes to the overall rare earth profile, indicating strong confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- Terbium oxide present in the Measured category
- Measured category indicates high geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“22”
Context: 2.0
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · dysprosium oxideTonnes: 2000000Grade: 102Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- dysprosium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:a4b708ac2265f6b07a99
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 102
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Measured resource for dysprosium oxide in the Main Seam shows a good grade, indicating strong confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- Good grade for dysprosium oxide in the Measured category
- Measured category indicates high geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“102”
Context: 2.0
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · holmium oxideTonnes: 2000000Grade: 18Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- holmium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:a4b708ac2265f6b07a99
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 18
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Measured resource for holmium oxide in the Main Seam contributes to the overall rare earth profile, indicating strong confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- Holmium oxide present in the Measured category
- Measured category indicates high geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“18”
Context: 2.0
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · erbium oxideTonnes: 2000000Grade: 49Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- erbium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:a4b708ac2265f6b07a99
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 49
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Measured resource for erbium oxide in the Main Seam contributes to the overall rare earth profile, indicating strong confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- Erbium oxide present in the Measured category
- Measured category indicates high geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“49”
Context: 2.0
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · thulium oxideTonnes: 2000000Grade: 7Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- thulium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:a4b708ac2265f6b07a99
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 7
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Measured resource for thulium oxide in the Main Seam contributes to the overall rare earth profile, indicating strong confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- Thulium oxide present in the Measured category
- Measured category indicates high geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“7”
Context: 2.0
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · ytterbium oxideTonnes: 2000000Grade: 60Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- ytterbium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:a4b708ac2265f6b07a99
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 60
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Measured resource for ytterbium oxide in the Main Seam contributes to the overall rare earth profile, indicating strong confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- Ytterbium oxide present in the Measured category
- Measured category indicates high geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“60”
Context: 2.0
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · lutetium oxideTonnes: 2000000Grade: 9Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- lutetium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:a4b708ac2265f6b07a99
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 9
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Measured resource for lutetium oxide in the Main Seam contributes to the overall rare earth profile, indicating strong confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- Lutetium oxide present in the Measured category
- Measured category indicates high geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“9”
Context: 2.0
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · yttrium oxideTonnes: 2000000Grade: 527Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- yttrium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:a4b708ac2265f6b07a99
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 527
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Measured resource for yttrium oxide in the Main Seam shows a good grade, indicating strong confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- Good grade for yttrium oxide in the Measured category
- Measured category indicates high geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“527”
Context: 2.0
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · lanthanum oxideTonnes: 11900000Grade: 1384Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- lanthanum oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:068ced341a951a2d3512
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 11900000
- Grade
- 1384
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for lanthanum oxide in the Main Seam shows a high grade, indicating reasonable confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- High grade for lanthanum oxide in the Indicated category
- Indicated category indicates reasonable geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“1,384”
Context: 11.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · cerium oxideTonnes: 11900000Grade: 3065Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- cerium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:068ced341a951a2d3512
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 11900000
- Grade
- 3065
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for cerium oxide in the Main Seam shows a high grade, indicating reasonable confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- High grade for cerium oxide in the Indicated category
- Indicated category indicates reasonable geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“3,065”
Context: 11.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · praseodymium oxideTonnes: 11900000Grade: 341Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- praseodymium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:068ced341a951a2d3512
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 11900000
- Grade
- 341
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for praseodymium oxide in the Main Seam shows a high grade, indicating reasonable confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- High grade for praseodymium oxide in the Indicated category
- Indicated category indicates reasonable geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“341”
Context: 11.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · neodymium oxideTonnes: 11900000Grade: 1736Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- neodymium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:068ced341a951a2d3512
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 11900000
- Grade
- 1736
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for neodymium oxide in the Main Seam shows a high grade, indicating reasonable confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- High grade for neodymium oxide in the Indicated category
- Indicated category indicates reasonable geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“1,736”
Context: 11.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · samarium oxideTonnes: 11900000Grade: 211Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- samarium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:068ced341a951a2d3512
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 11900000
- Grade
- 211
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for samarium oxide in the Main Seam shows a good grade, indicating reasonable confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- Good grade for samarium oxide in the Indicated category
- Indicated category indicates reasonable geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“211”
Context: 11.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · europium oxideTonnes: 11900000Grade: 18Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- europium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:068ced341a951a2d3512
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 11900000
- Grade
- 18
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for europium oxide in the Main Seam contributes to the overall rare earth profile, indicating reasonable confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- Europium oxide present in the Indicated category
- Indicated category indicates reasonable geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“18”
Context: 11.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · gadolinium oxideTonnes: 11900000Grade: 147Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- gadolinium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:068ced341a951a2d3512
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 11900000
- Grade
- 147
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for gadolinium oxide in the Main Seam shows a good grade, indicating reasonable confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- Good grade for gadolinium oxide in the Indicated category
- Indicated category indicates reasonable geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“147”
Context: 11.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · terbium oxideTonnes: 11900000Grade: 19Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- terbium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:068ced341a951a2d3512
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 11900000
- Grade
- 19
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for terbium oxide in the Main Seam contributes to the overall rare earth profile, indicating reasonable confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- Terbium oxide present in the Indicated category
- Indicated category indicates reasonable geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“19”
Context: 11.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · dysprosium oxideTonnes: 11900000Grade: 91Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- dysprosium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:068ced341a951a2d3512
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 11900000
- Grade
- 91
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for dysprosium oxide in the Main Seam shows a good grade, indicating reasonable confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- Good grade for dysprosium oxide in the Indicated category
- Indicated category indicates reasonable geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“91”
Context: 11.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · holmium oxideTonnes: 11900000Grade: 16Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- holmium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:068ced341a951a2d3512
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 11900000
- Grade
- 16
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for holmium oxide in the Main Seam contributes to the overall rare earth profile, indicating reasonable confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- Holmium oxide present in the Indicated category
- Indicated category indicates reasonable geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“16”
Context: 11.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · erbium oxideTonnes: 11900000Grade: 44Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- erbium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:068ced341a951a2d3512
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 11900000
- Grade
- 44
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for erbium oxide in the Main Seam contributes to the overall rare earth profile, indicating reasonable confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- Erbium oxide present in the Indicated category
- Indicated category indicates reasonable geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“44”
Context: 11.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · thulium oxideTonnes: 11900000Grade: 7Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- thulium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:068ced341a951a2d3512
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 11900000
- Grade
- 7
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for thulium oxide in the Main Seam contributes to the overall rare earth profile, indicating reasonable confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- Thulium oxide present in the Indicated category
- Indicated category indicates reasonable geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“7”
Context: 11.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · ytterbium oxideTonnes: 11900000Grade: 53Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- ytterbium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:068ced341a951a2d3512
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 11900000
- Grade
- 53
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for ytterbium oxide in the Main Seam contributes to the overall rare earth profile, indicating reasonable confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- Ytterbium oxide present in the Indicated category
- Indicated category indicates reasonable geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“53”
Context: 11.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · lutetium oxideTonnes: 11900000Grade: 8Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- lutetium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:068ced341a951a2d3512
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 11900000
- Grade
- 8
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for lutetium oxide in the Main Seam contributes to the overall rare earth profile, indicating reasonable confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- Lutetium oxide present in the Indicated category
- Indicated category indicates reasonable geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“8”
Context: 11.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · yttrium oxideTonnes: 11900000Grade: 474Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- yttrium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:068ced341a951a2d3512
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 11900000
- Grade
- 474
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for yttrium oxide in the Main Seam shows a good grade, indicating reasonable confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- Good grade for yttrium oxide in the Indicated category
- Indicated category indicates reasonable geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“474”
Context: 11.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · lanthanum oxideTonnes: 35900000Grade: 1260Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- lanthanum oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:6a4efc68c279b0e4b16e
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 35900000
- Grade
- 1260
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for lanthanum oxide in the Main Seam shows a high grade and adds substantial tonnage to the maiden MRE, but its lower confidence category requires further drilling for upgrade.
Positive factors
- High grade for lanthanum oxide in the Inferred category
- Adds significant tonnage to the maiden MRE for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“1,260”
Context: 35.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · cerium oxideTonnes: 35900000Grade: 2762Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- cerium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:6a4efc68c279b0e4b16e
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 35900000
- Grade
- 2762
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for cerium oxide in the Main Seam shows a high grade and adds substantial tonnage to the maiden MRE, but its lower confidence category requires further drilling for upgrade.
Positive factors
- High grade for cerium oxide in the Inferred category
- Adds significant tonnage to the maiden MRE for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“2,762”
Context: 35.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · praseodymium oxideTonnes: 35900000Grade: 310Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- praseodymium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:6a4efc68c279b0e4b16e
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 35900000
- Grade
- 310
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for praseodymium oxide in the Main Seam shows a good grade and adds substantial tonnage to the maiden MRE, but its lower confidence category requires further drilling for upgrade.
Positive factors
- Good grade for praseodymium oxide in the Inferred category
- Adds significant tonnage to the maiden MRE for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“310”
Context: 35.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · neodymium oxideTonnes: 35900000Grade: 1575Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- neodymium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:6a4efc68c279b0e4b16e
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 35900000
- Grade
- 1575
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for neodymium oxide in the Main Seam shows a good grade and adds substantial tonnage to the maiden MRE, but its lower confidence category requires further drilling for upgrade.
Positive factors
- Good grade for neodymium oxide in the Inferred category
- Adds significant tonnage to the maiden MRE for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“1,575”
Context: 35.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · samarium oxideTonnes: 35900000Grade: 191Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- samarium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:6a4efc68c279b0e4b16e
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 35900000
- Grade
- 191
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for samarium oxide in the Main Seam contributes to the overall rare earth profile and adds substantial tonnage to the maiden MRE, but its lower confidence category requires further drilling for upgrade.
Positive factors
- Samarium oxide present in the Inferred category
- Adds significant tonnage to the maiden MRE for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“191”
Context: 35.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · europium oxideTonnes: 35900000Grade: 16Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- europium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:6a4efc68c279b0e4b16e
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 35900000
- Grade
- 16
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for europium oxide in the Main Seam contributes to the overall rare earth profile and adds substantial tonnage to the maiden MRE, but its lower confidence category requires further drilling for upgrade.
Positive factors
- Europium oxide present in the Inferred category
- Adds significant tonnage to the maiden MRE for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“16”
Context: 35.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · gadolinium oxideTonnes: 35900000Grade: 134Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- gadolinium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:6a4efc68c279b0e4b16e
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 35900000
- Grade
- 134
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for gadolinium oxide in the Main Seam contributes to the overall rare earth profile and adds substantial tonnage to the maiden MRE, but its lower confidence category requires further drilling for upgrade.
Positive factors
- Gadolinium oxide present in the Inferred category
- Adds significant tonnage to the maiden MRE for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“134”
Context: 35.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · terbium oxideTonnes: 35900000Grade: 18Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- terbium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:6a4efc68c279b0e4b16e
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 35900000
- Grade
- 18
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for terbium oxide in the Main Seam contributes to the overall rare earth profile and adds substantial tonnage to the maiden MRE, but its lower confidence category requires further drilling for upgrade.
Positive factors
- Terbium oxide present in the Inferred category
- Adds significant tonnage to the maiden MRE for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“18”
Context: 35.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · dysprosium oxideTonnes: 35900000Grade: 83Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- dysprosium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:6a4efc68c279b0e4b16e
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 35900000
- Grade
- 83
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for dysprosium oxide in the Main Seam contributes to the overall rare earth profile and adds substantial tonnage to the maiden MRE, but its lower confidence category requires further drilling for upgrade.
Positive factors
- Dysprosium oxide present in the Inferred category
- Adds significant tonnage to the maiden MRE for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“83”
Context: 35.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · holmium oxideTonnes: 35900000Grade: 15Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- holmium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:6a4efc68c279b0e4b16e
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 35900000
- Grade
- 15
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for holmium oxide in the Main Seam contributes to the overall rare earth profile and adds substantial tonnage to the maiden MRE, but its lower confidence category requires further drilling for upgrade.
Positive factors
- Holmium oxide present in the Inferred category
- Adds significant tonnage to the maiden MRE for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“15”
Context: 35.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · erbium oxideTonnes: 35900000Grade: 40Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- erbium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:6a4efc68c279b0e4b16e
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 35900000
- Grade
- 40
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for erbium oxide in the Main Seam contributes to the overall rare earth profile and adds substantial tonnage to the maiden MRE, but its lower confidence category requires further drilling for upgrade.
Positive factors
- Erbium oxide present in the Inferred category
- Adds significant tonnage to the maiden MRE for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“40”
Context: 35.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · thulium oxideTonnes: 35900000Grade: 6Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- thulium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:6a4efc68c279b0e4b16e
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 35900000
- Grade
- 6
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for thulium oxide in the Main Seam contributes to the overall rare earth profile and adds substantial tonnage to the maiden MRE, but its lower confidence category requires further drilling for upgrade.
Positive factors
- Thulium oxide present in the Inferred category
- Adds significant tonnage to the maiden MRE for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“6”
Context: 35.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · ytterbium oxideTonnes: 35900000Grade: 48Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- ytterbium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:6a4efc68c279b0e4b16e
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 35900000
- Grade
- 48
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for ytterbium oxide in the Main Seam contributes to the overall rare earth profile and adds substantial tonnage to the maiden MRE, but its lower confidence category requires further drilling for upgrade.
Positive factors
- Ytterbium oxide present in the Inferred category
- Adds significant tonnage to the maiden MRE for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“48”
Context: 35.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · lutetium oxideTonnes: 35900000Grade: 8Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- lutetium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:6a4efc68c279b0e4b16e
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 35900000
- Grade
- 8
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for lutetium oxide in the Main Seam contributes to the overall rare earth profile and adds substantial tonnage to the maiden MRE, but its lower confidence category requires further drilling for upgrade.
Positive factors
- Lutetium oxide present in the Inferred category
- Adds significant tonnage to the maiden MRE for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“8”
Context: 35.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · yttrium oxideTonnes: 35900000Grade: 438Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- yttrium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:6a4efc68c279b0e4b16e
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 35900000
- Grade
- 438
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for yttrium oxide in the Main Seam contributes to the overall rare earth profile and adds substantial tonnage to the maiden MRE, but its lower confidence category requires further drilling for upgrade.
Positive factors
- Yttrium oxide present in the Inferred category
- Adds significant tonnage to the maiden MRE for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“438”
Context: 35.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · rutileTonnes: 2000000Grade: 10.1Grade Unit: %View all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- rutile
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:a4b708ac2265f6b07a99
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 10.1
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Measured resource for rutile in the Main Seam shows a high grade, indicating strong confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- High grade for rutile in the Measured category
- Measured category indicates high geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“10.1”
Context: 2.0
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · ilmeniteTonnes: 2000000Grade: 3.8Grade Unit: %View all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- ilmenite
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:a4b708ac2265f6b07a99
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 3.8
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Measured resource for ilmenite in the Main Seam shows a good grade, indicating strong confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- Good grade for ilmenite in the Measured category
- Measured category indicates high geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“3.8”
Context: 2.0
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · zirconTonnes: 2000000Grade: 6.2Grade Unit: %View all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- zircon
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:a4b708ac2265f6b07a99
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 6.2
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Measured resource for zircon in the Main Seam shows a high grade, indicating strong confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- High grade for zircon in the Measured category
- Measured category indicates high geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“6.2”
Context: 2.0
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · monaziteTonnes: 2000000Grade: 1.2Grade Unit: %View all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- monazite
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:a4b708ac2265f6b07a99
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 1.2
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Measured resource for monazite in the Main Seam shows a good grade, indicating strong confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- Good grade for monazite in the Measured category
- Measured category indicates high geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“1.2”
Context: 2.0
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · valuable heavy mineralsTonnes: 2000000Grade: 21.4Grade Unit: %View all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- valuable heavy minerals
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:a4b708ac2265f6b07a99
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 21.4
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Measured resource for VHM in the Main Seam shows a high grade, indicating strong confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- High grade for VHM in the Measured category
- Measured category indicates high geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“21.4”
Context: 2.0
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · rutileTonnes: 11900000Grade: 9.1Grade Unit: %View all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- rutile
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:068ced341a951a2d3512
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 11900000
- Grade
- 9.1
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for rutile in the Main Seam shows a high grade, indicating reasonable confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- High grade for rutile in the Indicated category
- Indicated category indicates reasonable geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“9.1”
Context: 11.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · ilmeniteTonnes: 11900000Grade: 3.4Grade Unit: %View all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- ilmenite
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:068ced341a951a2d3512
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 11900000
- Grade
- 3.4
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for ilmenite in the Main Seam shows a good grade, indicating reasonable confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- Good grade for ilmenite in the Indicated category
- Indicated category indicates reasonable geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“3.4”
Context: 11.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · zirconTonnes: 11900000Grade: 5.4Grade Unit: %View all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- zircon
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:068ced341a951a2d3512
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 11900000
- Grade
- 5.4
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for zircon in the Main Seam shows a high grade, indicating reasonable confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- High grade for zircon in the Indicated category
- Indicated category indicates reasonable geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“5.4”
Context: 11.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · monaziteTonnes: 11900000Grade: 1.1Grade Unit: %View all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- monazite
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:068ced341a951a2d3512
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 11900000
- Grade
- 1.1
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for monazite in the Main Seam shows a good grade, indicating reasonable confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- Good grade for monazite in the Indicated category
- Indicated category indicates reasonable geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“1.1”
Context: 11.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · valuable heavy mineralsTonnes: 11900000Grade: 19Grade Unit: %View all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- valuable heavy minerals
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:068ced341a951a2d3512
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 11900000
- Grade
- 19
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for VHM in the Main Seam shows a high grade, indicating reasonable confidence and potential for economic extraction, contributing significantly to the maiden MRE.
Positive factors
- High grade for VHM in the Indicated category
- Indicated category indicates reasonable geological confidence
- Part of a maiden MRE for critical minerals
Evidence · table
“19.0”
Context: 11.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · rutileTonnes: 35900000Grade: 8.3Grade Unit: %View all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- rutile
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:6a4efc68c279b0e4b16e
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 35900000
- Grade
- 8.3
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for rutile in the Main Seam shows a high grade and adds substantial tonnage to the maiden MRE, but its lower confidence category requires further drilling for upgrade.
Positive factors
- High grade for rutile in the Inferred category
- Adds significant tonnage to the maiden MRE for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“8.3”
Context: 35.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · ilmeniteTonnes: 35900000Grade: 3.2Grade Unit: %View all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- ilmenite
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:6a4efc68c279b0e4b16e
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 35900000
- Grade
- 3.2
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for ilmenite in the Main Seam shows a good grade and adds substantial tonnage to the maiden MRE, but its lower confidence category requires further drilling for upgrade.
Positive factors
- Good grade for ilmenite in the Inferred category
- Adds significant tonnage to the maiden MRE for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“3.2”
Context: 35.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · zirconTonnes: 35900000Grade: 4.9Grade Unit: %View all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- zircon
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:6a4efc68c279b0e4b16e
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 35900000
- Grade
- 4.9
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for zircon in the Main Seam shows a good grade and adds substantial tonnage to the maiden MRE, but its lower confidence category requires further drilling for upgrade.
Positive factors
- Good grade for zircon in the Inferred category
- Adds significant tonnage to the maiden MRE for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“4.9”
Context: 35.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · monaziteTonnes: 35900000Grade: 1Grade Unit: %View all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- monazite
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:6a4efc68c279b0e4b16e
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 35900000
- Grade
- 1
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for monazite in the Main Seam shows a good grade and adds substantial tonnage to the maiden MRE, but its lower confidence category requires further drilling for upgrade.
Positive factors
- Good grade for monazite in the Inferred category
- Adds significant tonnage to the maiden MRE for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“1.0”
Context: 35.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · valuable heavy mineralsTonnes: 35900000Grade: 17.4Grade Unit: %View all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- valuable heavy minerals
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:6a4efc68c279b0e4b16e
- Deposit or zone
- Main Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 35900000
- Grade
- 17.4
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for VHM in the Main Seam shows a high grade and adds substantial tonnage to the maiden MRE, but its lower confidence category requires further drilling for upgrade.
Positive factors
- High grade for VHM in the Inferred category
- Adds significant tonnage to the maiden MRE for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“17.4”
Context: 35.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · titaniumTonnes: 1400000Grade: 5.33Grade Unit: %View all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- titanium
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:c91ad110f1bb82deb23b
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 1400000
- Grade
- 5.33
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for titanium in the Upper Seam provides additional tonnage at a good grade, contributing to the overall resource base, though it is not part of the current Scoping Study.
Positive factors
- Good grade for titanium in the Indicated category
- Adds to the overall resource base for critical minerals
Negative factors
- Upper Seam not included in current Scoping Study
Evidence · table
“5.33”
Context: 1.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · zirconiumTonnes: 1400000Grade: 1.42Grade Unit: %View all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- zirconium
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:c91ad110f1bb82deb23b
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 1400000
- Grade
- 1.42
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for zirconium in the Upper Seam provides additional tonnage, contributing to the overall resource base, though it is not part of the current Scoping Study.
Positive factors
- Zirconium present in the Indicated category
- Adds to the overall resource base for critical minerals
Negative factors
- Upper Seam not included in current Scoping Study
Evidence · table
“1.42”
Context: 1.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · hafniumTonnes: 1400000Grade: 267Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- hafnium
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:c91ad110f1bb82deb23b
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 1400000
- Grade
- 267
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for hafnium in the Upper Seam provides additional tonnage, contributing to the overall resource base, though it is not part of the current Scoping Study.
Positive factors
- Hafnium present in the Indicated category
- Adds to the overall resource base for critical minerals
Negative factors
- Upper Seam not included in current Scoping Study
Evidence · table
“267”
Context: 1.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · total rare earth oxidesTonnes: 1400000Grade: 2069Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- total rare earth oxides
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:c91ad110f1bb82deb23b
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 1400000
- Grade
- 2069
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for TREO in the Upper Seam provides additional tonnage at a good grade, contributing to the overall resource base, though it is not part of the current Scoping Study.
Positive factors
- Good grade for TREO in the Indicated category
- Adds to the overall resource base for critical minerals
Negative factors
- Upper Seam not included in current Scoping Study
Evidence · table
“2,069”
Context: 1.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · magnetic rare earth oxidesTonnes: 1400000Grade: 580Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- magnetic rare earth oxides
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:c91ad110f1bb82deb23b
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 1400000
- Grade
- 580
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for MREO in the Upper Seam provides additional tonnage at a good grade, contributing to the overall resource base, though it is not part of the current Scoping Study.
Positive factors
- Good grade for MREO in the Indicated category
- Adds to the overall resource base for critical minerals
Negative factors
- Upper Seam not included in current Scoping Study
Evidence · table
“580”
Context: 1.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · titaniumTonnes: 8800000Grade: 4.95Grade Unit: %View all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- titanium
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:cc4a5a5d96d38bcb6e95
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 8800000
- Grade
- 4.95
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for titanium in the Upper Seam provides additional tonnage at a good grade, but its lower confidence category and exclusion from the current Scoping Study reduce its immediate materiality.
Positive factors
- Good grade for titanium in the Inferred category
- Adds significant tonnage to the overall resource base for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
- Upper Seam not included in current Scoping Study
Evidence · table
“4.95”
Context: 8.8
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · zirconiumTonnes: 8800000Grade: 1.26Grade Unit: %View all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- zirconium
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:cc4a5a5d96d38bcb6e95
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 8800000
- Grade
- 1.26
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for zirconium in the Upper Seam provides additional tonnage, but its lower confidence category and exclusion from the current Scoping Study reduce its immediate materiality.
Positive factors
- Zirconium present in the Inferred category
- Adds significant tonnage to the overall resource base for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
- Upper Seam not included in current Scoping Study
Evidence · table
“1.26”
Context: 8.8
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · hafniumTonnes: 8800000Grade: 309Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- hafnium
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:cc4a5a5d96d38bcb6e95
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 8800000
- Grade
- 309
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for hafnium in the Upper Seam provides additional tonnage, but its lower confidence category and exclusion from the current Scoping Study reduce its immediate materiality.
Positive factors
- Hafnium present in the Inferred category
- Adds significant tonnage to the overall resource base for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
- Upper Seam not included in current Scoping Study
Evidence · table
“309”
Context: 8.8
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · total rare earth oxidesTonnes: 8800000Grade: 2067Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- total rare earth oxides
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:cc4a5a5d96d38bcb6e95
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 8800000
- Grade
- 2067
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for TREO in the Upper Seam provides additional tonnage at a good grade, but its lower confidence category and exclusion from the current Scoping Study reduce its immediate materiality.
Positive factors
- Good grade for TREO in the Inferred category
- Adds significant tonnage to the overall resource base for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
- Upper Seam not included in current Scoping Study
Evidence · table
“2,067”
Context: 8.8
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · magnetic rare earth oxidesTonnes: 8800000Grade: 576Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- magnetic rare earth oxides
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:cc4a5a5d96d38bcb6e95
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 8800000
- Grade
- 576
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for MREO in the Upper Seam provides additional tonnage at a good grade, but its lower confidence category and exclusion from the current Scoping Study reduce its immediate materiality.
Positive factors
- Good grade for MREO in the Inferred category
- Adds significant tonnage to the overall resource base for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
- Upper Seam not included in current Scoping Study
Evidence · table
“576”
Context: 8.8
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · lanthanum oxideTonnes: 1400000Grade: 380Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- lanthanum oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:c91ad110f1bb82deb23b
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 1400000
- Grade
- 380
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for lanthanum oxide in the Upper Seam contributes to the overall rare earth profile, indicating reasonable confidence, though it is not part of the current Scoping Study.
Positive factors
- Lanthanum oxide present in the Indicated category
- Adds to the overall resource base for critical minerals
Negative factors
- Upper Seam not included in current Scoping Study
Evidence · table
“380”
Context: 1.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · cerium oxideTonnes: 1400000Grade: 814Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- cerium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:c91ad110f1bb82deb23b
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 1400000
- Grade
- 814
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for cerium oxide in the Upper Seam contributes to the overall rare earth profile, indicating reasonable confidence, though it is not part of the current Scoping Study.
Positive factors
- Cerium oxide present in the Indicated category
- Adds to the overall resource base for critical minerals
Negative factors
- Upper Seam not included in current Scoping Study
Evidence · table
“814”
Context: 1.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · praseodymium oxideTonnes: 1400000Grade: 92Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- praseodymium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:c91ad110f1bb82deb23b
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 1400000
- Grade
- 92
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for praseodymium oxide in the Upper Seam contributes to the overall rare earth profile, indicating reasonable confidence, though it is not part of the current Scoping Study.
Positive factors
- Praseodymium oxide present in the Indicated category
- Adds to the overall resource base for critical minerals
Negative factors
- Upper Seam not included in current Scoping Study
Evidence · table
“92”
Context: 1.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · neodymium oxideTonnes: 1400000Grade: 457Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- neodymium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:c91ad110f1bb82deb23b
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 1400000
- Grade
- 457
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for neodymium oxide in the Upper Seam contributes to the overall rare earth profile, indicating reasonable confidence, though it is not part of the current Scoping Study.
Positive factors
- Neodymium oxide present in the Indicated category
- Adds to the overall resource base for critical minerals
Negative factors
- Upper Seam not included in current Scoping Study
Evidence · table
“457”
Context: 1.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · samarium oxideTonnes: 1400000Grade: 58Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- samarium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:c91ad110f1bb82deb23b
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 1400000
- Grade
- 58
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for samarium oxide in the Upper Seam contributes to the overall rare earth profile, indicating reasonable confidence, though it is not part of the current Scoping Study.
Positive factors
- Samarium oxide present in the Indicated category
- Adds to the overall resource base for critical minerals
Negative factors
- Upper Seam not included in current Scoping Study
Evidence · table
“58”
Context: 1.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · europium oxideTonnes: 1400000Grade: 5Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- europium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:c91ad110f1bb82deb23b
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 1400000
- Grade
- 5
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for europium oxide in the Upper Seam contributes to the overall rare earth profile, indicating reasonable confidence, though it is not part of the current Scoping Study.
Positive factors
- Europium oxide present in the Indicated category
- Adds to the overall resource base for critical minerals
Negative factors
- Upper Seam not included in current Scoping Study
Evidence · table
“5”
Context: 1.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · gadolinium oxideTonnes: 1400000Grade: 40Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- gadolinium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:c91ad110f1bb82deb23b
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 1400000
- Grade
- 40
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for gadolinium oxide in the Upper Seam contributes to the overall rare earth profile, indicating reasonable confidence, though it is not part of the current Scoping Study.
Positive factors
- Gadolinium oxide present in the Indicated category
- Adds to the overall resource base for critical minerals
Negative factors
- Upper Seam not included in current Scoping Study
Evidence · table
“40”
Context: 1.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · terbium oxideTonnes: 1400000Grade: 5Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- terbium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:c91ad110f1bb82deb23b
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 1400000
- Grade
- 5
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for terbium oxide in the Upper Seam contributes to the overall rare earth profile, indicating reasonable confidence, though it is not part of the current Scoping Study.
Positive factors
- Terbium oxide present in the Indicated category
- Adds to the overall resource base for critical minerals
Negative factors
- Upper Seam not included in current Scoping Study
Evidence · table
“5”
Context: 1.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · dysprosium oxideTonnes: 1400000Grade: 26Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- dysprosium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:c91ad110f1bb82deb23b
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 1400000
- Grade
- 26
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for dysprosium oxide in the Upper Seam contributes to the overall rare earth profile, indicating reasonable confidence, though it is not part of the current Scoping Study.
Positive factors
- Dysprosium oxide present in the Indicated category
- Adds to the overall resource base for critical minerals
Negative factors
- Upper Seam not included in current Scoping Study
Evidence · table
“26”
Context: 1.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · holmium oxideTonnes: 1400000Grade: 5Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- holmium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:c91ad110f1bb82deb23b
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 1400000
- Grade
- 5
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for holmium oxide in the Upper Seam contributes to the overall rare earth profile, indicating reasonable confidence, though it is not part of the current Scoping Study.
Positive factors
- Holmium oxide present in the Indicated category
- Adds to the overall resource base for critical minerals
Negative factors
- Upper Seam not included in current Scoping Study
Evidence · table
“5”
Context: 1.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · erbium oxideTonnes: 1400000Grade: 14Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- erbium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:c91ad110f1bb82deb23b
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 1400000
- Grade
- 14
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for erbium oxide in the Upper Seam contributes to the overall rare earth profile, indicating reasonable confidence, though it is not part of the current Scoping Study.
Positive factors
- Erbium oxide present in the Indicated category
- Adds to the overall resource base for critical minerals
Negative factors
- Upper Seam not included in current Scoping Study
Evidence · table
“14”
Context: 1.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · thulium oxideTonnes: 1400000Grade: 2Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- thulium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:c91ad110f1bb82deb23b
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 1400000
- Grade
- 2
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for thulium oxide in the Upper Seam contributes to the overall rare earth profile, indicating reasonable confidence, though it is not part of the current Scoping Study.
Positive factors
- Thulium oxide present in the Indicated category
- Adds to the overall resource base for critical minerals
Negative factors
- Upper Seam not included in current Scoping Study
Evidence · table
“2”
Context: 1.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · ytterbium oxideTonnes: 1400000Grade: 19Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- ytterbium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:c91ad110f1bb82deb23b
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 1400000
- Grade
- 19
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for ytterbium oxide in the Upper Seam contributes to the overall rare earth profile, indicating reasonable confidence, though it is not part of the current Scoping Study.
Positive factors
- Ytterbium oxide present in the Indicated category
- Adds to the overall resource base for critical minerals
Negative factors
- Upper Seam not included in current Scoping Study
Evidence · table
“19”
Context: 1.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · lutetium oxideTonnes: 1400000Grade: 3Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- lutetium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:c91ad110f1bb82deb23b
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 1400000
- Grade
- 3
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for lutetium oxide in the Upper Seam contributes to the overall rare earth profile, indicating reasonable confidence, though it is not part of the current Scoping Study.
Positive factors
- Lutetium oxide present in the Indicated category
- Adds to the overall resource base for critical minerals
Negative factors
- Upper Seam not included in current Scoping Study
Evidence · table
“3”
Context: 1.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · yttrium oxideTonnes: 1400000Grade: 149Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- yttrium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:c91ad110f1bb82deb23b
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 1400000
- Grade
- 149
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for yttrium oxide in the Upper Seam contributes to the overall rare earth profile, indicating reasonable confidence, though it is not part of the current Scoping Study.
Positive factors
- Yttrium oxide present in the Indicated category
- Adds to the overall resource base for critical minerals
Negative factors
- Upper Seam not included in current Scoping Study
Evidence · table
“149”
Context: 1.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · lanthanum oxideTonnes: 8800000Grade: 382Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- lanthanum oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:cc4a5a5d96d38bcb6e95
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 8800000
- Grade
- 382
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for lanthanum oxide in the Upper Seam contributes to the overall rare earth profile and adds substantial tonnage, but its lower confidence category and exclusion from the current Scoping Study reduce its immediate materiality.
Positive factors
- Lanthanum oxide present in the Inferred category
- Adds significant tonnage to the overall resource base for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
- Upper Seam not included in current Scoping Study
Evidence · table
“382”
Context: 8.8
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · cerium oxideTonnes: 8800000Grade: 814Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- cerium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:cc4a5a5d96d38bcb6e95
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 8800000
- Grade
- 814
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for cerium oxide in the Upper Seam contributes to the overall rare earth profile and adds substantial tonnage, but its lower confidence category and exclusion from the current Scoping Study reduce its immediate materiality.
Positive factors
- Cerium oxide present in the Inferred category
- Adds significant tonnage to the overall resource base for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
- Upper Seam not included in current Scoping Study
Evidence · table
“814”
Context: 8.8
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · praseodymium oxideTonnes: 8800000Grade: 91Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- praseodymium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:cc4a5a5d96d38bcb6e95
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 8800000
- Grade
- 91
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for praseodymium oxide in the Upper Seam contributes to the overall rare earth profile and adds substantial tonnage, but its lower confidence category and exclusion from the current Scoping Study reduce its immediate materiality.
Positive factors
- Praseodymium oxide present in the Inferred category
- Adds significant tonnage to the overall resource base for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
- Upper Seam not included in current Scoping Study
Evidence · table
“91”
Context: 8.8
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · neodymium oxideTonnes: 8800000Grade: 452Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- neodymium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:cc4a5a5d96d38bcb6e95
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 8800000
- Grade
- 452
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for neodymium oxide in the Upper Seam contributes to the overall rare earth profile and adds substantial tonnage, but its lower confidence category and exclusion from the current Scoping Study reduce its immediate materiality.
Positive factors
- Neodymium oxide present in the Inferred category
- Adds significant tonnage to the overall resource base for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
- Upper Seam not included in current Scoping Study
Evidence · table
“452”
Context: 8.8
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · samarium oxideTonnes: 8800000Grade: 58Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- samarium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:cc4a5a5d96d38bcb6e95
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 8800000
- Grade
- 58
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for samarium oxide in the Upper Seam contributes to the overall rare earth profile and adds substantial tonnage, but its lower confidence category and exclusion from the current Scoping Study reduce its immediate materiality.
Positive factors
- Samarium oxide present in the Inferred category
- Adds significant tonnage to the overall resource base for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
- Upper Seam not included in current Scoping Study
Evidence · table
“58”
Context: 8.8
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · europium oxideTonnes: 8800000Grade: 5Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- europium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:cc4a5a5d96d38bcb6e95
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 8800000
- Grade
- 5
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for europium oxide in the Upper Seam contributes to the overall rare earth profile and adds substantial tonnage, but its lower confidence category and exclusion from the current Scoping Study reduce its immediate materiality.
Positive factors
- Europium oxide present in the Inferred category
- Adds significant tonnage to the overall resource base for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
- Upper Seam not included in current Scoping Study
Evidence · table
“5”
Context: 8.8
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · gadolinium oxideTonnes: 8800000Grade: 40Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- gadolinium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:cc4a5a5d96d38bcb6e95
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 8800000
- Grade
- 40
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for gadolinium oxide in the Upper Seam contributes to the overall rare earth profile and adds substantial tonnage, but its lower confidence category and exclusion from the current Scoping Study reduce its immediate materiality.
Positive factors
- Gadolinium oxide present in the Inferred category
- Adds significant tonnage to the overall resource base for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
- Upper Seam not included in current Scoping Study
Evidence · table
“40”
Context: 8.8
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · terbium oxideTonnes: 8800000Grade: 5Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- terbium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:cc4a5a5d96d38bcb6e95
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 8800000
- Grade
- 5
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for terbium oxide in the Upper Seam contributes to the overall rare earth profile and adds substantial tonnage, but its lower confidence category and exclusion from the current Scoping Study reduce its immediate materiality.
Positive factors
- Terbium oxide present in the Inferred category
- Adds significant tonnage to the overall resource base for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
- Upper Seam not included in current Scoping Study
Evidence · table
“5”
Context: 8.8
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · dysprosium oxideTonnes: 8800000Grade: 27Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- dysprosium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:cc4a5a5d96d38bcb6e95
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 8800000
- Grade
- 27
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for dysprosium oxide in the Upper Seam contributes to the overall rare earth profile and adds substantial tonnage, but its lower confidence category and exclusion from the current Scoping Study reduce its immediate materiality.
Positive factors
- Dysprosium oxide present in the Inferred category
- Adds significant tonnage to the overall resource base for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
- Upper Seam not included in current Scoping Study
Evidence · table
“27”
Context: 8.8
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · holmium oxideTonnes: 8800000Grade: 5Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- holmium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:cc4a5a5d96d38bcb6e95
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 8800000
- Grade
- 5
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for holmium oxide in the Upper Seam contributes to the overall rare earth profile and adds substantial tonnage, but its lower confidence category and exclusion from the current Scoping Study reduce its immediate materiality.
Positive factors
- Holmium oxide present in the Inferred category
- Adds significant tonnage to the overall resource base for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
- Upper Seam not included in current Scoping Study
Evidence · table
“5”
Context: 8.8
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · erbium oxideTonnes: 8800000Grade: 15Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- erbium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:cc4a5a5d96d38bcb6e95
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 8800000
- Grade
- 15
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for erbium oxide in the Upper Seam contributes to the overall rare earth profile and adds substantial tonnage, but its lower confidence category and exclusion from the current Scoping Study reduce its immediate materiality.
Positive factors
- Erbium oxide present in the Inferred category
- Adds significant tonnage to the overall resource base for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
- Upper Seam not included in current Scoping Study
Evidence · table
“15”
Context: 8.8
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · thulium oxideTonnes: 8800000Grade: 2Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- thulium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:cc4a5a5d96d38bcb6e95
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 8800000
- Grade
- 2
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for thulium oxide in the Upper Seam contributes to the overall rare earth profile and adds substantial tonnage, but its lower confidence category and exclusion from the current Scoping Study reduce its immediate materiality.
Positive factors
- Thulium oxide present in the Inferred category
- Adds significant tonnage to the overall resource base for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
- Upper Seam not included in current Scoping Study
Evidence · table
“2”
Context: 8.8
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · ytterbium oxideTonnes: 8800000Grade: 18Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- ytterbium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:cc4a5a5d96d38bcb6e95
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 8800000
- Grade
- 18
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for ytterbium oxide in the Upper Seam contributes to the overall rare earth profile and adds substantial tonnage, but its lower confidence category and exclusion from the current Scoping Study reduce its immediate materiality.
Positive factors
- Ytterbium oxide present in the Inferred category
- Adds significant tonnage to the overall resource base for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
- Upper Seam not included in current Scoping Study
Evidence · table
“18”
Context: 8.8
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · lutetium oxideTonnes: 8800000Grade: 3Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- lutetium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:cc4a5a5d96d38bcb6e95
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 8800000
- Grade
- 3
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for lutetium oxide in the Upper Seam contributes to the overall rare earth profile and adds substantial tonnage, but its lower confidence category and exclusion from the current Scoping Study reduce its immediate materiality.
Positive factors
- Lutetium oxide present in the Inferred category
- Adds significant tonnage to the overall resource base for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
- Upper Seam not included in current Scoping Study
Evidence · table
“3”
Context: 8.8
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · yttrium oxideTonnes: 8800000Grade: 151Grade Unit: ppmView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- yttrium oxide
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:cc4a5a5d96d38bcb6e95
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 8800000
- Grade
- 151
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for yttrium oxide in the Upper Seam contributes to the overall rare earth profile and adds substantial tonnage, but its lower confidence category and exclusion from the current Scoping Study reduce its immediate materiality.
Positive factors
- Yttrium oxide present in the Inferred category
- Adds significant tonnage to the overall resource base for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
- Upper Seam not included in current Scoping Study
Evidence · table
“151”
Context: 8.8
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · rutileTonnes: 1400000Grade: 4.4Grade Unit: %View all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- rutile
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:c91ad110f1bb82deb23b
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 1400000
- Grade
- 4.4
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for rutile in the Upper Seam provides additional tonnage, contributing to the overall resource base, though it is not part of the current Scoping Study.
Positive factors
- Rutile present in the Indicated category
- Adds to the overall resource base for critical minerals
Negative factors
- Upper Seam not included in current Scoping Study
Evidence · table
“4.4”
Context: 1.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · ilmeniteTonnes: 1400000Grade: 1.7Grade Unit: %View all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- ilmenite
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:c91ad110f1bb82deb23b
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 1400000
- Grade
- 1.7
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for ilmenite in the Upper Seam provides additional tonnage, contributing to the overall resource base, though it is not part of the current Scoping Study.
Positive factors
- Ilmenite present in the Indicated category
- Adds to the overall resource base for critical minerals
Negative factors
- Upper Seam not included in current Scoping Study
Evidence · table
“1.7”
Context: 1.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · zirconTonnes: 1400000Grade: 2.1Grade Unit: %View all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- zircon
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:c91ad110f1bb82deb23b
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 1400000
- Grade
- 2.1
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for zircon in the Upper Seam provides additional tonnage, contributing to the overall resource base, though it is not part of the current Scoping Study.
Positive factors
- Zircon present in the Indicated category
- Adds to the overall resource base for critical minerals
Negative factors
- Upper Seam not included in current Scoping Study
Evidence · table
“2.1”
Context: 1.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · monaziteTonnes: 1400000Grade: 0.3Grade Unit: %View all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- monazite
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:c91ad110f1bb82deb23b
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 1400000
- Grade
- 0.3
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for monazite in the Upper Seam provides additional tonnage, contributing to the overall resource base, though it is not part of the current Scoping Study.
Positive factors
- Monazite present in the Indicated category
- Adds to the overall resource base for critical minerals
Negative factors
- Upper Seam not included in current Scoping Study
Evidence · table
“0.3”
Context: 1.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · valuable heavy mineralsTonnes: 1400000Grade: 8.5Grade Unit: %View all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- valuable heavy minerals
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:c91ad110f1bb82deb23b
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 1400000
- Grade
- 8.5
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Indicated resource for VHM in the Upper Seam provides additional tonnage, contributing to the overall resource base, though it is not part of the current Scoping Study.
Positive factors
- VHM present in the Indicated category
- Adds to the overall resource base for critical minerals
Negative factors
- Upper Seam not included in current Scoping Study
Evidence · table
“8.5”
Context: 1.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · rutileTonnes: 8800000Grade: 4.1Grade Unit: %View all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- rutile
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:cc4a5a5d96d38bcb6e95
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 8800000
- Grade
- 4.1
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for rutile in the Upper Seam provides additional tonnage, but its lower confidence category and exclusion from the current Scoping Study reduce its immediate materiality.
Positive factors
- Rutile present in the Inferred category
- Adds significant tonnage to the overall resource base for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
- Upper Seam not included in current Scoping Study
Evidence · table
“4.1”
Context: 8.8
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · ilmeniteTonnes: 8800000Grade: 1.6Grade Unit: %View all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- ilmenite
- Region
- spain
- Reported Region
- Jaén Province, Andalucía, southern Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:cc4a5a5d96d38bcb6e95
- Deposit or zone
- Upper Seam
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 8800000
- Grade
- 1.6
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Location
- CRS
- ETRS89 Zone 30
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: The Inferred resource for ilmenite in the Upper Seam provides additional tonnage, but its lower confidence category and exclusion from the current Scoping Study reduce its immediate materiality.
Positive factors
- Ilmenite present in the Inferred category
- Adds significant tonnage to the overall resource base for critical minerals
Negative factors
- Inferred category indicates lower geological confidence
- Upper Seam not included in current Scoping Study
Evidence · table
“1.6”
Context: 8.8
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.