OSM: OSM - Corporate Presentation - October 2026

Original announcement by asx on

Company
Osmond Resources Limited
Ticker
OSM
Exchange
ASX
Region
Jaén Province, Andalucía, Southern Spain
Primary commodity
Rare earths
Secondary commodities
Titanium dioxide, Zirconium dioxide, Hafnium dioxide, Neodymium oxide, Praseodymium oxide, Dysprosium oxide, Terbium oxide, Samarium oxide, Gadolinium oxide, Yttrium oxide, Rutile, Ilmenite, Zircon, Monazite
Document categories
Resource update, Other
Extracted
2026-10-05 23:09:25 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Osmond Resources Limited has announced a maiden JORC 2012 Mineral Resource Estimate for its Orión EU Critical Minerals Project, totaling 60.0 Mt at 6,274 ppm TREO, 3.06% ZrO₂, 624 ppm HfO₂, and 9.39% TiO₂. The estimate includes 25% in the Measured and Indicated categories. Concurrently, a Scoping Study for the project reveals robust financial metrics, including a post-tax NPV8 of US$2,309M and an IRR of 145%, with a low initial capital expenditure of US$299M.

Reasoning: The release announces a maiden JORC 2012 Mineral Resource Estimate and positive Scoping Study results for the Orión EU Critical Minerals Project, highlighting high-grade resources of strategic minerals with strong financial metrics.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Significant Measured and Indicated categories
  • Positive Scoping Study results with strong financial metrics
  • Strategic critical minerals
  • QP/CP signed

Negative factors

  • Significant inferred component in MRE
  • Cut-off grade for MRE not disclosed

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 68

Classification and evidence

Maiden Resourceneutral

First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.

Why it applies: The document explicitly states 'JORC 2012 maiden MRE'.

Evidence · text

“JORC 2012 maiden MRE”

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate is prepared in compliance with JORC Code Reporting Standards.

Evidence · text

“JORC Code Reporting Standards”

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: Mr Fernando Palero and Mr José Antonio Zuazo Osinaga are named as Competent Persons responsible for the Exploration Results and Mineral Resources respectively.

Evidence · text

“Mr Fernando Palero is a licensed professional geologist in Spain and is a registered member of the European Federation of Geologists, an accredited organisation to which the Competent Person (CP) under JORC Code Reporting Standards must belong in order to report Exploration Results, Minerals Resources or Ore Reserves through the ASX. Mr Palero has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as a CP as defined in the 2012 edition of the Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC code). Mr Palero consents to the inclusion of this information in the form and context in which they occur. The information in this presentation that relates to Mineral Resources is based on, and fairly represents, information and supporting documentation prepared by Mr José Antonio Zuazo Osinaga, a Competent Person who is a Member of the European Federation of Geologists. Mr Zuazo is an independent consultant and technical director of CRN Consultants. Mr Zuazo has more than 35 years of experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Zuazo consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.”

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: The document presents 'ORIÓN SCOPING STUDY RESULTS', which is an early-stage economic assessment.

Evidence · text

“ORIÓN SCOPING STUDY RESULTS”

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The MRE includes 44.7 Mt of Inferred resources, representing a significant portion of the total.

Evidence · table

“44.7”

Context: Inferred

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: The document does not explicitly state the cut-off grade used for the Mineral Resource Estimate.

Evidence · text

“The Orión MRE (JORC 2012) totals 60.0Mt @ 6,274ppm TREO (including 1,710ppm NdPr oxide and 91ppm DyTb oxide), 3.06% ZrO₂, 624ppm HfO₂ and 9.39% TiO₂ (est. 16.22% THM)”

Strategic Mineralspositive · Story-specific tag

No canonical definition is currently available.

Why it applies: The project targets EU-designated critical raw materials including rare earths, zirconium, and titanium, which are highlighted as strategic.

Evidence · text

“Targeting key European Union-designated critical raw materials, including Monazite (Rare Earth Elements), Zirconium & Hafnium and Rutile & Ilmenite (Titanium)”

Extracted facts

Stored fact records: 68. Some facts used in scoring do not have a stored record.

Resource Estimates (68)

measuredOrión EU Critical Minerals Project · titanium dioxideTonnes: 2000000Grade: 12.1Grade Unit: %View all details
Link to this fact

Identity

Project
Orión EU Critical Minerals Project
Commodity
titanium dioxide
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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:a0e6b307208989800652
Mining method
underground
Ownership percent
76 %

Resource Data

Category
measured
Tonnes
2000000
Grade
12.1
Grade Unit
%

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Cut-off grade for MRE not disclosed

Evidence · table

“12.1”

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

measuredOrión EU Critical Minerals Project · zirconium dioxideTonnes: 2000000Grade: 4.2Grade Unit: %View all details
Link to this fact

Identity

Project
Orión EU Critical Minerals Project
Commodity
zirconium dioxide
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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:a0e6b307208989800652
Mining method
underground
Ownership percent
76 %

Resource Data

Category
measured
Tonnes
2000000
Grade
4.2
Grade Unit
%

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Cut-off grade for MRE not disclosed

Evidence · table

“4.2”

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

measuredOrión EU Critical Minerals Project · hafnium dioxideTonnes: 2000000Grade: 848Grade Unit: ppmView all details
Link to this fact

Identity

Project
Orión EU Critical Minerals Project
Commodity
hafnium dioxide
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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:a0e6b307208989800652
Mining method
underground
Ownership percent
76 %

Resource Data

Category
measured
Tonnes
2000000
Grade
848
Grade Unit
ppm

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Cut-off grade for MRE not disclosed

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

measuredOrión EU Critical Minerals Project · total rare earth oxidesTonnes: 2000000Grade: 8595Grade Unit: ppmView all details
Link to this fact

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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:a0e6b307208989800652
Mining method
underground
Ownership percent
76 %

Resource Data

Category
measured
Tonnes
2000000
Grade
8595
Grade Unit
ppm

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Cut-off grade for MRE not disclosed

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

measuredOrión EU Critical Minerals Project · neodymium oxideTonnes: 2000000Grade: 2364Grade Unit: ppmView all details
Link to this fact

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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:a0e6b307208989800652
Mining method
underground
Ownership percent
76 %

Resource Data

Category
measured
Tonnes
2000000
Grade
2364
Grade Unit
ppm

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Cut-off grade for MRE not disclosed

Evidence · table

“2,364”

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

measuredOrión EU Critical Minerals Project · dysprosium oxideTonnes: 2000000Grade: 124Grade Unit: ppmView all details
Link to this fact

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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:a0e6b307208989800652
Mining method
underground
Ownership percent
76 %

Resource Data

Category
measured
Tonnes
2000000
Grade
124
Grade Unit
ppm

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Cut-off grade for MRE not disclosed

Evidence · table

“124”

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

measuredOrión EU Critical Minerals Project · rutileTonnes: 2000000Grade: 10.1Grade Unit: %View all details
Link to this fact

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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:a0e6b307208989800652
Mining method
underground
Ownership percent
76 %

Resource Data

Category
measured
Tonnes
2000000
Grade
10.1
Grade Unit
%

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Cut-off grade for MRE not disclosed

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

measuredOrión EU Critical Minerals Project · ilmeniteTonnes: 2000000Grade: 3.9Grade Unit: %View all details
Link to this fact

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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:a0e6b307208989800652
Mining method
underground
Ownership percent
76 %

Resource Data

Category
measured
Tonnes
2000000
Grade
3.9
Grade Unit
%

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Cut-off grade for MRE not disclosed

Evidence · table

“3.9”

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

measuredOrión EU Critical Minerals Project · zirconTonnes: 2000000Grade: 6.2Grade Unit: %View all details
Link to this fact

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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:a0e6b307208989800652
Mining method
underground
Ownership percent
76 %

Resource Data

Category
measured
Tonnes
2000000
Grade
6.2
Grade Unit
%

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Cut-off grade for MRE not disclosed

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

measuredOrión EU Critical Minerals Project · monaziteTonnes: 2000000Grade: 1.2Grade Unit: %View all details
Link to this fact

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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:a0e6b307208989800652
Mining method
underground
Ownership percent
76 %

Resource Data

Category
measured
Tonnes
2000000
Grade
1.2
Grade Unit
%

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Cut-off grade for MRE not disclosed

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

measuredOrión EU Critical Minerals Project · vhmTonnes: 2000000Grade: 21.4Grade Unit: %View all details
Link to this fact

Identity

Project
Orión EU Critical Minerals Project
Commodity
vhm
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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:a0e6b307208989800652
Mining method
underground
Ownership percent
76 %

Resource Data

Category
measured
Tonnes
2000000
Grade
21.4
Grade Unit
%

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Cut-off grade for MRE not disclosed

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

indicatedOrión EU Critical Minerals Project · titanium dioxideTonnes: 13300000Grade: 10.3Grade Unit: %View all details
Link to this fact

Identity

Project
Orión EU Critical Minerals Project
Commodity
titanium dioxide
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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:f421933df985af0e5282
Mining method
underground
Ownership percent
76 %

Resource Data

Category
indicated
Tonnes
13300000
Grade
10.3
Grade Unit
%

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Cut-off grade for MRE not disclosed

Evidence · table

“10.3”

Context: 13.3

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

indicatedOrión EU Critical Minerals Project · zirconium dioxideTonnes: 13300000Grade: 3.4Grade Unit: %View all details
Link to this fact

Identity

Project
Orión EU Critical Minerals Project
Commodity
zirconium dioxide
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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:f421933df985af0e5282
Mining method
underground
Ownership percent
76 %

Resource Data

Category
indicated
Tonnes
13300000
Grade
3.4
Grade Unit
%

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Cut-off grade for MRE not disclosed

Evidence · table

“3.4”

Context: 13.3

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

indicatedOrión EU Critical Minerals Project · hafnium dioxideTonnes: 13300000Grade: 688Grade Unit: ppmView all details
Link to this fact

Identity

Project
Orión EU Critical Minerals Project
Commodity
hafnium dioxide
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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:f421933df985af0e5282
Mining method
underground
Ownership percent
76 %

Resource Data

Category
indicated
Tonnes
13300000
Grade
688
Grade Unit
ppm

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Cut-off grade for MRE not disclosed

Evidence · table

“688”

Context: 13.3

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

indicatedOrión EU Critical Minerals Project · total rare earth oxidesTonnes: 13300000Grade: 7013Grade Unit: ppmView all details
Link to this fact

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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:f421933df985af0e5282
Mining method
underground
Ownership percent
76 %

Resource Data

Category
indicated
Tonnes
13300000
Grade
7013
Grade Unit
ppm

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Cut-off grade for MRE not disclosed

Evidence · table

“7,013”

Context: 13.3

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

indicatedOrión EU Critical Minerals Project · neodymium oxideTonnes: 13300000Grade: 1912Grade Unit: ppmView all details
Link to this fact

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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:f421933df985af0e5282
Mining method
underground
Ownership percent
76 %

Resource Data

Category
indicated
Tonnes
13300000
Grade
1912
Grade Unit
ppm

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Cut-off grade for MRE not disclosed

Evidence · table

“1,912”

Context: 13.3

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

indicatedOrión EU Critical Minerals Project · dysprosium oxideTonnes: 13300000Grade: 102Grade Unit: ppmView all details
Link to this fact

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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:f421933df985af0e5282
Mining method
underground
Ownership percent
76 %

Resource Data

Category
indicated
Tonnes
13300000
Grade
102
Grade Unit
ppm

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Cut-off grade for MRE not disclosed

Evidence · table

“102”

Context: 13.3

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

indicatedOrión EU Critical Minerals Project · rutileTonnes: 13300000Grade: 8.6Grade Unit: %View all details
Link to this fact

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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:f421933df985af0e5282
Mining method
underground
Ownership percent
76 %

Resource Data

Category
indicated
Tonnes
13300000
Grade
8.6
Grade Unit
%

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Cut-off grade for MRE not disclosed

Evidence · table

“8.6”

Context: 13.3

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

indicatedOrión EU Critical Minerals Project · ilmeniteTonnes: 13300000Grade: 3.3Grade Unit: %View all details
Link to this fact

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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:f421933df985af0e5282
Mining method
underground
Ownership percent
76 %

Resource Data

Category
indicated
Tonnes
13300000
Grade
3.3
Grade Unit
%

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Cut-off grade for MRE not disclosed

Evidence · table

“3.3”

Context: 13.3

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

indicatedOrión EU Critical Minerals Project · zirconTonnes: 13300000Grade: 5.1Grade Unit: %View all details
Link to this fact

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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:f421933df985af0e5282
Mining method
underground
Ownership percent
76 %

Resource Data

Category
indicated
Tonnes
13300000
Grade
5.1
Grade Unit
%

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Cut-off grade for MRE not disclosed

Evidence · table

“5.1”

Context: 13.3

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

indicatedOrión EU Critical Minerals Project · monaziteTonnes: 13300000Grade: 1Grade Unit: %View all details
Link to this fact

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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:f421933df985af0e5282
Mining method
underground
Ownership percent
76 %

Resource Data

Category
indicated
Tonnes
13300000
Grade
1
Grade Unit
%

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Cut-off grade for MRE not disclosed

Evidence · table

“1.0”

Context: 13.3

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

indicatedOrión EU Critical Minerals Project · vhmTonnes: 13300000Grade: 17.9Grade Unit: %View all details
Link to this fact

Identity

Project
Orión EU Critical Minerals Project
Commodity
vhm
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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:f421933df985af0e5282
Mining method
underground
Ownership percent
76 %

Resource Data

Category
indicated
Tonnes
13300000
Grade
17.9
Grade Unit
%

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Cut-off grade for MRE not disclosed

Evidence · table

“17.9”

Context: 13.3

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

inferredOrión EU Critical Minerals Project · titanium dioxideTonnes: 44700000Grade: 9Grade Unit: %View all details
Link to this fact

Identity

Project
Orión EU Critical Minerals Project
Commodity
titanium dioxide
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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:8505bab4ed33b92c210e
Mining method
underground
Ownership percent
76 %

Resource Data

Category
inferred
Tonnes
44700000
Grade
9
Grade Unit
%

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Significant inferred component in MRE
  • Cut-off grade for MRE not disclosed

Evidence · table

“9.0”

Context: 44.7

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

inferredOrión EU Critical Minerals Project · zirconium dioxideTonnes: 44700000Grade: 2.9Grade Unit: %View all details
Link to this fact

Identity

Project
Orión EU Critical Minerals Project
Commodity
zirconium dioxide
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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:8505bab4ed33b92c210e
Mining method
underground
Ownership percent
76 %

Resource Data

Category
inferred
Tonnes
44700000
Grade
2.9
Grade Unit
%

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Significant inferred component in MRE
  • Cut-off grade for MRE not disclosed

Evidence · table

“2.9”

Context: 44.7

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

inferredOrión EU Critical Minerals Project · hafnium dioxideTonnes: 44700000Grade: 595Grade Unit: ppmView all details
Link to this fact

Identity

Project
Orión EU Critical Minerals Project
Commodity
hafnium dioxide
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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:8505bab4ed33b92c210e
Mining method
underground
Ownership percent
76 %

Resource Data

Category
inferred
Tonnes
44700000
Grade
595
Grade Unit
ppm

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Significant inferred component in MRE
  • Cut-off grade for MRE not disclosed

Evidence · table

“595”

Context: 44.7

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

inferredOrión EU Critical Minerals Project · total rare earth oxidesTonnes: 44700000Grade: 5952Grade Unit: ppmView all details
Link to this fact

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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:8505bab4ed33b92c210e
Mining method
underground
Ownership percent
76 %

Resource Data

Category
inferred
Tonnes
44700000
Grade
5952
Grade Unit
ppm

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Significant inferred component in MRE
  • Cut-off grade for MRE not disclosed

Evidence · table

“5,952”

Context: 44.7

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

inferredOrión EU Critical Minerals Project · neodymium oxideTonnes: 44700000Grade: 1621Grade Unit: ppmView all details
Link to this fact

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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:8505bab4ed33b92c210e
Mining method
underground
Ownership percent
76 %

Resource Data

Category
inferred
Tonnes
44700000
Grade
1621
Grade Unit
ppm

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Significant inferred component in MRE
  • Cut-off grade for MRE not disclosed

Evidence · table

“1,621”

Context: 44.7

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

inferredOrión EU Critical Minerals Project · dysprosium oxideTonnes: 44700000Grade: 87Grade Unit: ppmView all details
Link to this fact

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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:8505bab4ed33b92c210e
Mining method
underground
Ownership percent
76 %

Resource Data

Category
inferred
Tonnes
44700000
Grade
87
Grade Unit
ppm

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Significant inferred component in MRE
  • Cut-off grade for MRE not disclosed

Evidence · table

“87”

Context: 44.7

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

inferredOrión EU Critical Minerals Project · rutileTonnes: 44700000Grade: 7.5Grade Unit: %View all details
Link to this fact

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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:8505bab4ed33b92c210e
Mining method
underground
Ownership percent
76 %

Resource Data

Category
inferred
Tonnes
44700000
Grade
7.5
Grade Unit
%

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Significant inferred component in MRE
  • Cut-off grade for MRE not disclosed

Evidence · table

“7.5”

Context: 44.7

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

inferredOrión EU Critical Minerals Project · ilmeniteTonnes: 44700000Grade: 2.9Grade Unit: %View all details
Link to this fact

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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:8505bab4ed33b92c210e
Mining method
underground
Ownership percent
76 %

Resource Data

Category
inferred
Tonnes
44700000
Grade
2.9
Grade Unit
%

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Significant inferred component in MRE
  • Cut-off grade for MRE not disclosed

Evidence · table

“2.9”

Context: 44.7

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

inferredOrión EU Critical Minerals Project · zirconTonnes: 44700000Grade: 4.3Grade Unit: %View all details
Link to this fact

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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:8505bab4ed33b92c210e
Mining method
underground
Ownership percent
76 %

Resource Data

Category
inferred
Tonnes
44700000
Grade
4.3
Grade Unit
%

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Significant inferred component in MRE
  • Cut-off grade for MRE not disclosed

Evidence · table

“4.3”

Context: 44.7

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

inferredOrión EU Critical Minerals Project · monaziteTonnes: 44700000Grade: 0.8Grade Unit: %View all details
Link to this fact

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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:8505bab4ed33b92c210e
Mining method
underground
Ownership percent
76 %

Resource Data

Category
inferred
Tonnes
44700000
Grade
0.8
Grade Unit
%

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Significant inferred component in MRE
  • Cut-off grade for MRE not disclosed

Evidence · table

“0.8”

Context: 44.7

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

inferredOrión EU Critical Minerals Project · vhmTonnes: 44700000Grade: 15.5Grade Unit: %View all details
Link to this fact

Identity

Project
Orión EU Critical Minerals Project
Commodity
vhm
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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:8505bab4ed33b92c210e
Mining method
underground
Ownership percent
76 %

Resource Data

Category
inferred
Tonnes
44700000
Grade
15.5
Grade Unit
%

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Significant inferred component in MRE
  • Cut-off grade for MRE not disclosed

Evidence · table

“15.5”

Context: 44.7

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

measuredOrión EU Critical Minerals Project · titanium dioxideTonnes: 2000000Grade: 12.1Grade Unit: %View all details
Link to this fact

Identity

Project
Orión EU Critical Minerals Project
Commodity
titanium dioxide
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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:a4b708ac2265f6b07a99
Deposit or zone
Main Seam
Mining method
underground
Ownership percent
76 %

Resource Data

Category
measured
Tonnes
2000000
Grade
12.1
Grade Unit
%

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Cut-off grade for MRE not disclosed

Evidence · table

“12.1”

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

measuredOrión EU Critical Minerals Project · zirconium dioxideTonnes: 2000000Grade: 4.2Grade Unit: %View all details
Link to this fact

Identity

Project
Orión EU Critical Minerals Project
Commodity
zirconium dioxide
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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:a4b708ac2265f6b07a99
Deposit or zone
Main Seam
Mining method
underground
Ownership percent
76 %

Resource Data

Category
measured
Tonnes
2000000
Grade
4.2
Grade Unit
%

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Cut-off grade for MRE not disclosed

Evidence · table

“4.2”

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

measuredOrión EU Critical Minerals Project · hafnium dioxideTonnes: 2000000Grade: 848Grade Unit: ppmView all details
Link to this fact

Identity

Project
Orión EU Critical Minerals Project
Commodity
hafnium dioxide
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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:a4b708ac2265f6b07a99
Deposit or zone
Main Seam
Mining method
underground
Ownership percent
76 %

Resource Data

Category
measured
Tonnes
2000000
Grade
848
Grade Unit
ppm

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Cut-off grade for MRE not disclosed

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

measuredOrión EU Critical Minerals Project · total rare earth oxidesTonnes: 2000000Grade: 8595Grade Unit: ppmView all details
Link to this fact

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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:a4b708ac2265f6b07a99
Deposit or zone
Main Seam
Mining method
underground
Ownership percent
76 %

Resource Data

Category
measured
Tonnes
2000000
Grade
8595
Grade Unit
ppm

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Cut-off grade for MRE not disclosed

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

measuredOrión EU Critical Minerals Project · neodymium oxideTonnes: 2000000Grade: 2364Grade Unit: ppmView all details
Link to this fact

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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:a4b708ac2265f6b07a99
Deposit or zone
Main Seam
Mining method
underground
Ownership percent
76 %

Resource Data

Category
measured
Tonnes
2000000
Grade
2364
Grade Unit
ppm

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Cut-off grade for MRE not disclosed

Evidence · table

“2,364”

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

measuredOrión EU Critical Minerals Project · dysprosium oxideTonnes: 2000000Grade: 124Grade Unit: ppmView all details
Link to this fact

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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:a4b708ac2265f6b07a99
Deposit or zone
Main Seam
Mining method
underground
Ownership percent
76 %

Resource Data

Category
measured
Tonnes
2000000
Grade
124
Grade Unit
ppm

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Cut-off grade for MRE not disclosed

Evidence · table

“124”

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

measuredOrión EU Critical Minerals Project · rutileTonnes: 2000000Grade: 10.1Grade Unit: %View all details
Link to this fact

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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:a4b708ac2265f6b07a99
Deposit or zone
Main Seam
Mining method
underground
Ownership percent
76 %

Resource Data

Category
measured
Tonnes
2000000
Grade
10.1
Grade Unit
%

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Cut-off grade for MRE not disclosed

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

measuredOrión EU Critical Minerals Project · ilmeniteTonnes: 2000000Grade: 3.8Grade Unit: %View all details
Link to this fact

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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:a4b708ac2265f6b07a99
Deposit or zone
Main Seam
Mining method
underground
Ownership percent
76 %

Resource Data

Category
measured
Tonnes
2000000
Grade
3.8
Grade Unit
%

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Cut-off grade for MRE not disclosed

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

measuredOrión EU Critical Minerals Project · zirconTonnes: 2000000Grade: 6.2Grade Unit: %View all details
Link to this fact

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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:a4b708ac2265f6b07a99
Deposit or zone
Main Seam
Mining method
underground
Ownership percent
76 %

Resource Data

Category
measured
Tonnes
2000000
Grade
6.2
Grade Unit
%

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Cut-off grade for MRE not disclosed

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

measuredOrión EU Critical Minerals Project · monaziteTonnes: 2000000Grade: 1.2Grade Unit: %View all details
Link to this fact

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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:a4b708ac2265f6b07a99
Deposit or zone
Main Seam
Mining method
underground
Ownership percent
76 %

Resource Data

Category
measured
Tonnes
2000000
Grade
1.2
Grade Unit
%

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Cut-off grade for MRE not disclosed

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

measuredOrión EU Critical Minerals Project · vhmTonnes: 2000000Grade: 21.4Grade Unit: %View all details
Link to this fact

Identity

Project
Orión EU Critical Minerals Project
Commodity
vhm
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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:a4b708ac2265f6b07a99
Deposit or zone
Main Seam
Mining method
underground
Ownership percent
76 %

Resource Data

Category
measured
Tonnes
2000000
Grade
21.4
Grade Unit
%

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Cut-off grade for MRE not disclosed

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

indicatedOrión EU Critical Minerals Project · titanium dioxideTonnes: 11900000Grade: 10.9Grade Unit: %View all details
Link to this fact

Identity

Project
Orión EU Critical Minerals Project
Commodity
titanium dioxide
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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:068ced341a951a2d3512
Deposit or zone
Main Seam
Mining method
underground
Ownership percent
76 %

Resource Data

Category
indicated
Tonnes
11900000
Grade
10.9
Grade Unit
%

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Cut-off grade for MRE not disclosed

Evidence · table

“10.9”

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

indicatedOrión EU Critical Minerals Project · zirconium dioxideTonnes: 11900000Grade: 3.7Grade Unit: %View all details
Link to this fact

Identity

Project
Orión EU Critical Minerals Project
Commodity
zirconium dioxide
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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:068ced341a951a2d3512
Deposit or zone
Main Seam
Mining method
underground
Ownership percent
76 %

Resource Data

Category
indicated
Tonnes
11900000
Grade
3.7
Grade Unit
%

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Cut-off grade for MRE not disclosed

Evidence · table

“3.7”

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

indicatedOrión EU Critical Minerals Project · hafnium dioxideTonnes: 11900000Grade: 739Grade Unit: ppmView all details
Link to this fact

Identity

Project
Orión EU Critical Minerals Project
Commodity
hafnium dioxide
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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:068ced341a951a2d3512
Deposit or zone
Main Seam
Mining method
underground
Ownership percent
76 %

Resource Data

Category
indicated
Tonnes
11900000
Grade
739
Grade Unit
ppm

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Cut-off grade for MRE not disclosed

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

indicatedOrión EU Critical Minerals Project · total rare earth oxidesTonnes: 11900000Grade: 7614Grade Unit: ppmView all details
Link to this fact

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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:068ced341a951a2d3512
Deposit or zone
Main Seam
Mining method
underground
Ownership percent
76 %

Resource Data

Category
indicated
Tonnes
11900000
Grade
7614
Grade Unit
ppm

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Cut-off grade for MRE not disclosed

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

indicatedOrión EU Critical Minerals Project · neodymium oxideTonnes: 11900000Grade: 2077Grade Unit: ppmView all details
Link to this fact

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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:068ced341a951a2d3512
Deposit or zone
Main Seam
Mining method
underground
Ownership percent
76 %

Resource Data

Category
indicated
Tonnes
11900000
Grade
2077
Grade Unit
ppm

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Cut-off grade for MRE not disclosed

Evidence · table

“2.077”

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

indicatedOrión EU Critical Minerals Project · dysprosium oxideTonnes: 11900000Grade: 110Grade Unit: ppmView all details
Link to this fact

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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:068ced341a951a2d3512
Deposit or zone
Main Seam
Mining method
underground
Ownership percent
76 %

Resource Data

Category
indicated
Tonnes
11900000
Grade
110
Grade Unit
ppm

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Cut-off grade for MRE not disclosed

Evidence · table

“110”

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

indicatedOrión EU Critical Minerals Project · rutileTonnes: 11900000Grade: 9.1Grade Unit: %View all details
Link to this fact

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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:068ced341a951a2d3512
Deposit or zone
Main Seam
Mining method
underground
Ownership percent
76 %

Resource Data

Category
indicated
Tonnes
11900000
Grade
9.1
Grade Unit
%

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Cut-off grade for MRE not disclosed

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

indicatedOrión EU Critical Minerals Project · ilmeniteTonnes: 11900000Grade: 3.4Grade Unit: %View all details
Link to this fact

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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:068ced341a951a2d3512
Deposit or zone
Main Seam
Mining method
underground
Ownership percent
76 %

Resource Data

Category
indicated
Tonnes
11900000
Grade
3.4
Grade Unit
%

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Cut-off grade for MRE not disclosed

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

indicatedOrión EU Critical Minerals Project · zirconTonnes: 11900000Grade: 5.4Grade Unit: %View all details
Link to this fact

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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:068ced341a951a2d3512
Deposit or zone
Main Seam
Mining method
underground
Ownership percent
76 %

Resource Data

Category
indicated
Tonnes
11900000
Grade
5.4
Grade Unit
%

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Cut-off grade for MRE not disclosed

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

indicatedOrión EU Critical Minerals Project · monaziteTonnes: 11900000Grade: 1.1Grade Unit: %View all details
Link to this fact

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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:068ced341a951a2d3512
Deposit or zone
Main Seam
Mining method
underground
Ownership percent
76 %

Resource Data

Category
indicated
Tonnes
11900000
Grade
1.1
Grade Unit
%

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Cut-off grade for MRE not disclosed

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

indicatedOrión EU Critical Minerals Project · vhmTonnes: 11900000Grade: 19Grade Unit: %View all details
Link to this fact

Identity

Project
Orión EU Critical Minerals Project
Commodity
vhm
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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:068ced341a951a2d3512
Deposit or zone
Main Seam
Mining method
underground
Ownership percent
76 %

Resource Data

Category
indicated
Tonnes
11900000
Grade
19
Grade Unit
%

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Cut-off grade for MRE not disclosed

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

inferredOrión EU Critical Minerals Project · titanium dioxideTonnes: 35900000Grade: 10Grade Unit: %View all details
Link to this fact

Identity

Project
Orión EU Critical Minerals Project
Commodity
titanium dioxide
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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:6a4efc68c279b0e4b16e
Deposit or zone
Main Seam
Mining method
underground
Ownership percent
76 %

Resource Data

Category
inferred
Tonnes
35900000
Grade
10
Grade Unit
%

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Significant inferred component in MRE
  • Cut-off grade for MRE not disclosed

Evidence · table

“10.0”

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

inferredOrión EU Critical Minerals Project · zirconium dioxideTonnes: 35900000Grade: 3.3Grade Unit: %View all details
Link to this fact

Identity

Project
Orión EU Critical Minerals Project
Commodity
zirconium dioxide
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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:6a4efc68c279b0e4b16e
Deposit or zone
Main Seam
Mining method
underground
Ownership percent
76 %

Resource Data

Category
inferred
Tonnes
35900000
Grade
3.3
Grade Unit
%

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Significant inferred component in MRE
  • Cut-off grade for MRE not disclosed

Evidence · table

“3.3”

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

inferredOrión EU Critical Minerals Project · hafnium dioxideTonnes: 35900000Grade: 665Grade Unit: ppmView all details
Link to this fact

Identity

Project
Orión EU Critical Minerals Project
Commodity
hafnium dioxide
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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:6a4efc68c279b0e4b16e
Deposit or zone
Main Seam
Mining method
underground
Ownership percent
76 %

Resource Data

Category
inferred
Tonnes
35900000
Grade
665
Grade Unit
ppm

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Significant inferred component in MRE
  • Cut-off grade for MRE not disclosed

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

inferredOrión EU Critical Minerals Project · total rare earth oxidesTonnes: 35900000Grade: 6901Grade Unit: ppmView all details
Link to this fact

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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:6a4efc68c279b0e4b16e
Deposit or zone
Main Seam
Mining method
underground
Ownership percent
76 %

Resource Data

Category
inferred
Tonnes
35900000
Grade
6901
Grade Unit
ppm

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Significant inferred component in MRE
  • Cut-off grade for MRE not disclosed

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

inferredOrión EU Critical Minerals Project · neodymium oxideTonnes: 35900000Grade: 1885Grade Unit: ppmView all details
Link to this fact

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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:6a4efc68c279b0e4b16e
Deposit or zone
Main Seam
Mining method
underground
Ownership percent
76 %

Resource Data

Category
inferred
Tonnes
35900000
Grade
1885
Grade Unit
ppm

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Significant inferred component in MRE
  • Cut-off grade for MRE not disclosed

Evidence · table

“1,885”

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

inferredOrión EU Critical Minerals Project · dysprosium oxideTonnes: 35900000Grade: 98Grade Unit: ppmView all details
Link to this fact

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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:6a4efc68c279b0e4b16e
Deposit or zone
Main Seam
Mining method
underground
Ownership percent
76 %

Resource Data

Category
inferred
Tonnes
35900000
Grade
98
Grade Unit
ppm

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Significant inferred component in MRE
  • Cut-off grade for MRE not disclosed

Evidence · table

“98”

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

inferredOrión EU Critical Minerals Project · rutileTonnes: 35900000Grade: 8.3Grade Unit: %View all details
Link to this fact

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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:6a4efc68c279b0e4b16e
Deposit or zone
Main Seam
Mining method
underground
Ownership percent
76 %

Resource Data

Category
inferred
Tonnes
35900000
Grade
8.3
Grade Unit
%

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Significant inferred component in MRE
  • Cut-off grade for MRE not disclosed

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

inferredOrión EU Critical Minerals Project · ilmeniteTonnes: 35900000Grade: 3.2Grade Unit: %View all details
Link to this fact

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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:6a4efc68c279b0e4b16e
Deposit or zone
Main Seam
Mining method
underground
Ownership percent
76 %

Resource Data

Category
inferred
Tonnes
35900000
Grade
3.2
Grade Unit
%

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Significant inferred component in MRE
  • Cut-off grade for MRE not disclosed

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

inferredOrión EU Critical Minerals Project · zirconTonnes: 35900000Grade: 4.9Grade Unit: %View all details
Link to this fact

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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:6a4efc68c279b0e4b16e
Deposit or zone
Main Seam
Mining method
underground
Ownership percent
76 %

Resource Data

Category
inferred
Tonnes
35900000
Grade
4.9
Grade Unit
%

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Significant inferred component in MRE
  • Cut-off grade for MRE not disclosed

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

inferredOrión EU Critical Minerals Project · monaziteTonnes: 35900000Grade: 1Grade Unit: %View all details
Link to this fact

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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:6a4efc68c279b0e4b16e
Deposit or zone
Main Seam
Mining method
underground
Ownership percent
76 %

Resource Data

Category
inferred
Tonnes
35900000
Grade
1
Grade Unit
%

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Significant inferred component in MRE
  • Cut-off grade for MRE not disclosed

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

inferredOrión EU Critical Minerals Project · vhmTonnes: 35900000Grade: 17.4Grade Unit: %View all details
Link to this fact

Identity

Project
Orión EU Critical Minerals Project
Commodity
vhm
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
Fernando Palero, José Antonio Zuazo Osinaga
Resource group id
resource:6a4efc68c279b0e4b16e
Deposit or zone
Main Seam
Mining method
underground
Ownership percent
76 %

Resource Data

Category
inferred
Tonnes
35900000
Grade
17.4
Grade Unit
%

Prior Estimate

Resource Date
2026-09-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Maiden JORC 2012 MRE for strategic critical minerals.

Positive factors

  • Maiden JORC 2012 MRE
  • High-grade resource
  • Strategic critical minerals

Negative factors

  • Significant inferred component in MRE
  • Cut-off grade for MRE not disclosed

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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

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

Fact 67Orión EU Critical Minerals ProjectView all details
Link to this fact

Identity

Project
Orión EU Critical Minerals Project
Region
spain
Reported Region
Jaén Province, Andalucía, Southern Spain
Ticker
OSM

Resource scope

Reporting standards
jorc
Resource group id
resource:227bec0ec7c721ba8eb7
Mining method
underground

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Positive Scoping Study results with strong financial metrics for a strategic critical minerals project.

Positive factors

  • Strong financial metrics
  • Low initial capex
  • High IRR and NPV
  • Short payback period

Evidence · table

“US$299M”

Context: Low Capex

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

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

Fact 68Orión EU Critical Minerals ProjectView all details
Link to this fact

Identity

Project
Orión EU Critical Minerals Project
Region
spain
Reported Region
Jaén Province, Andalucía, Southern Spain
Ticker
OSM

Resource scope

Reporting standards
jorc
Resource group id
resource:227bec0ec7c721ba8eb7
Mining method
underground

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Positive Scoping Study results with strong financial metrics for a strategic critical minerals project.

Positive factors

  • Strong financial metrics
  • Low initial capex
  • High IRR and NPV
  • Short payback period

Evidence · table

“US$3,457M”

Context: US$2,309M

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

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

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.