OSM: Osmond Confirms Arrival of Second Drill Rig
Original announcement by asx on
- Company
- Osmond Resources Ltd
- Ticker
- OSM
- Exchange
- ASX
- Region
- Spain
- Primary commodity
- Rare earths
- Secondary commodities
- Titanium, Zirconium, Hafnium
- Document categories
- Other, Resource update
- Extracted
- 2026-10-11 22:16:50 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Osmond Resources has confirmed the arrival of a second drill rig at its Orión EU Critical Minerals Project in Spain, with both rigs expected to be operational this week. The expanded drill program, including infill drilling, aims to increase confidence levels and expand the Mineral Resource Estimate. The company targets an upgraded MRE and updated Scoping Study in Q1 2027 to support a mining license application.
Reasoning: The company is increasing its drilling capacity to advance the Orión EU Critical Minerals Project, with the goal of upgrading its Mineral Resource Estimate and Scoping Study in Q1 CY27, which is a positive step towards development, although no immediate results are provided.
Positive factors
- Second drill rig operational, increasing drilling capacity.
- Drilling program targeting MRE expansion and increased confidence levels.
- Company targeting upgraded MRE and updated Scoping Study in Q1 CY27.
- Progress towards mining licence application in 1H CY27.
Negative factors
- No current drill results (assays, grades, widths) reported in this announcement.
- Future milestones (upgraded MRE, Scoping Study) are subject to drilling results.
Facts used in scoring: 105
Extracted facts
Stored fact records: 105. Some facts used in scoring do not have a stored record.
Resource Estimates (105)
measuredOrión EU Critical Minerals Project · titanium dioxideTonnes: 2000000Grade: 12.14Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- titanium dioxide
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:819bf846ececa23c4b88
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 12.14
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a high-grade Measured resource for titanium dioxide, providing a strong foundation for the project, though it is a restatement of a prior estimate.
Positive factors
- High grade for titanium dioxide in Measured category.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“12.14”
Context: 2.0
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · zirconium dioxideTonnes: 2000000Grade: 4.18Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- zirconium dioxide
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:819bf846ececa23c4b88
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 4.18
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a high-grade Measured resource for zirconium dioxide, providing a strong foundation for the project, though it is a restatement of a prior estimate.
Positive factors
- High grade for zirconium dioxide in Measured category.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“4.18”
Context: 2.0
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · hafnium dioxideTonnes: 2000000Grade: 848Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- hafnium dioxide
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:819bf846ececa23c4b88
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 848
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a high-grade Measured resource for hafnium dioxide, providing a strong foundation for the project, though it is a restatement of a prior estimate.
Positive factors
- High grade for hafnium dioxide in Measured category.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“848”
Context: 2.0
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · total rare earth oxidesTonnes: 2000000Grade: 8595Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- total rare earth oxides
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:819bf846ececa23c4b88
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 8595
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a high-grade Measured resource for total rare earth oxides, providing a strong foundation for the project, though it is a restatement of a prior estimate.
Positive factors
- High grade for total rare earth oxides in Measured category.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“8,595”
Context: 2.0
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · neodymium praseodymiumTonnes: 2000000Grade: 2364Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- neodymium praseodymium
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:819bf846ececa23c4b88
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 2364
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a high-grade Measured resource for neodymium praseodymium, providing a strong foundation for the project, though it is a restatement of a prior estimate.
Positive factors
- High grade for neodymium praseodymium in Measured category.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · dysprosium terbiumTonnes: 2000000Grade: 124Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- dysprosium terbium
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:819bf846ececa23c4b88
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 124
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a high-grade Measured resource for dysprosium terbium, providing a strong foundation for the project, though it is a restatement of a prior estimate.
Positive factors
- High grade for dysprosium terbium in Measured category.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · rutileTonnes: 2000000Grade: 10.1Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- rutile
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:819bf846ececa23c4b88
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 10.1
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a high-grade Measured resource for rutile, providing a strong foundation for the project, though it is a restatement of a prior estimate.
Positive factors
- High grade for rutile in Measured category.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“10.1”
Context: 2.0
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · ilmeniteTonnes: 2000000Grade: 3.8Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- ilmenite
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:819bf846ececa23c4b88
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 3.8
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a high-grade Measured resource for ilmenite, providing a strong foundation for the project, though it is a restatement of a prior estimate.
Positive factors
- High grade for ilmenite in Measured category.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“3.8”
Context: 2.0
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · zirconTonnes: 2000000Grade: 6.2Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- zircon
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:819bf846ececa23c4b88
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 6.2
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a high-grade Measured resource for zircon, providing a strong foundation for the project, though it is a restatement of a prior estimate.
Positive factors
- High grade for zircon in Measured category.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“6.2”
Context: 2.0
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · monaziteTonnes: 2000000Grade: 1.2Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- monazite
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:819bf846ececa23c4b88
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 1.2
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a high-grade Measured resource for monazite, providing a strong foundation for the project, though it is a restatement of a prior estimate.
Positive factors
- High grade for monazite in Measured category.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“1.2”
Context: 2.0
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · heavy mineralsTonnes: 2000000Grade: 21.4Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- heavy minerals
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:819bf846ececa23c4b88
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 21.4
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a high-grade Measured resource for heavy minerals, providing a strong foundation for the project, though it is a restatement of a prior estimate.
Positive factors
- High grade for heavy minerals in Measured category.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“21.4”
Context: 2.0
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · titanium dioxideTonnes: 13300000Grade: 10.27Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- titanium dioxide
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:d5baca0d9fa2203def06
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 13300000
- Grade
- 10.27
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a good grade Indicated resource for titanium dioxide, providing a solid foundation for the project, though it is a restatement of a prior estimate.
Positive factors
- Good grade for titanium dioxide in Indicated category.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“10.27”
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · zirconium dioxideTonnes: 13300000Grade: 3.42Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- zirconium dioxide
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:d5baca0d9fa2203def06
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 13300000
- Grade
- 3.42
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a good grade Indicated resource for zirconium dioxide, providing a solid foundation for the project, though it is a restatement of a prior estimate.
Positive factors
- Good grade for zirconium dioxide in Indicated category.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“3.42”
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · hafnium dioxideTonnes: 13300000Grade: 688Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- hafnium dioxide
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:d5baca0d9fa2203def06
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 13300000
- Grade
- 688
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a good grade Indicated resource for hafnium dioxide, providing a solid foundation for the project, though it is a restatement of a prior estimate.
Positive factors
- Good grade for hafnium dioxide in Indicated category.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · total rare earth oxidesTonnes: 13300000Grade: 7013Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- total rare earth oxides
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:d5baca0d9fa2203def06
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 13300000
- Grade
- 7013
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a good grade Indicated resource for total rare earth oxides, providing a solid foundation for the project, though it is a restatement of a prior estimate.
Positive factors
- Good grade for total rare earth oxides in Indicated category.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · neodymium praseodymiumTonnes: 13300000Grade: 1912Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- neodymium praseodymium
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:d5baca0d9fa2203def06
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 13300000
- Grade
- 1912
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a good grade Indicated resource for neodymium praseodymium, providing a solid foundation for the project, though it is a restatement of a prior estimate.
Positive factors
- Good grade for neodymium praseodymium in Indicated category.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · dysprosium terbiumTonnes: 13300000Grade: 102Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- dysprosium terbium
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:d5baca0d9fa2203def06
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 13300000
- Grade
- 102
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a good grade Indicated resource for dysprosium terbium, providing a solid foundation for the project, though it is a restatement of a prior estimate.
Positive factors
- Good grade for dysprosium terbium in Indicated category.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · rutileTonnes: 13300000Grade: 8.6Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- rutile
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:d5baca0d9fa2203def06
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 13300000
- Grade
- 8.6
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a good grade Indicated resource for rutile, providing a solid foundation for the project, though it is a restatement of a prior estimate.
Positive factors
- Good grade for rutile in Indicated category.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · ilmeniteTonnes: 13300000Grade: 3.3Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- ilmenite
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:d5baca0d9fa2203def06
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 13300000
- Grade
- 3.3
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a good grade Indicated resource for ilmenite, providing a solid foundation for the project, though it is a restatement of a prior estimate.
Positive factors
- Good grade for ilmenite in Indicated category.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · zirconTonnes: 13300000Grade: 5.1Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- zircon
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:d5baca0d9fa2203def06
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 13300000
- Grade
- 5.1
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a good grade Indicated resource for zircon, providing a solid foundation for the project, though it is a restatement of a prior estimate.
Positive factors
- Good grade for zircon in Indicated category.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · monaziteTonnes: 13300000Grade: 1Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- monazite
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:d5baca0d9fa2203def06
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 13300000
- Grade
- 1
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a good grade Indicated resource for monazite, providing a solid foundation for the project, though it is a restatement of a prior estimate.
Positive factors
- Good grade for monazite in Indicated category.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · heavy mineralsTonnes: 13300000Grade: 17.9Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- heavy minerals
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:d5baca0d9fa2203def06
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 13300000
- Grade
- 17.9
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a good grade Indicated resource for heavy minerals, providing a solid foundation for the project, though it is a restatement of a prior estimate.
Positive factors
- Good grade for heavy minerals in Indicated category.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · titanium dioxideTonnes: 15300000Grade: 10.51Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- titanium dioxide
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:e14269fa00ff5e175c39
- Deposit or zone
- Total Measured and Indicated
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 15300000
- Grade
- 10.51
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This represents the combined Measured and Indicated resource for titanium dioxide, providing a higher confidence portion of the overall resource, though it is a restatement of a prior estimate.
Positive factors
- Combined Measured and Indicated resource for titanium dioxide.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“10.51”
Context: 15.3
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · zirconium dioxideTonnes: 15300000Grade: 3.52Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- zirconium dioxide
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:e14269fa00ff5e175c39
- Deposit or zone
- Total Measured and Indicated
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 15300000
- Grade
- 3.52
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This represents the combined Measured and Indicated resource for zirconium dioxide, providing a higher confidence portion of the overall resource, though it is a restatement of a prior estimate.
Positive factors
- Combined Measured and Indicated resource for zirconium dioxide.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“3.52”
Context: 15.3
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · hafnium dioxideTonnes: 15300000Grade: 709Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- hafnium dioxide
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:e14269fa00ff5e175c39
- Deposit or zone
- Total Measured and Indicated
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 15300000
- Grade
- 709
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This represents the combined Measured and Indicated resource for hafnium dioxide, providing a higher confidence portion of the overall resource, though it is a restatement of a prior estimate.
Positive factors
- Combined Measured and Indicated resource for hafnium dioxide.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“709”
Context: 15.3
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · total rare earth oxidesTonnes: 15300000Grade: 7216Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- total rare earth oxides
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:e14269fa00ff5e175c39
- Deposit or zone
- Total Measured and Indicated
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 15300000
- Grade
- 7216
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This represents the combined Measured and Indicated resource for total rare earth oxides, providing a higher confidence portion of the overall resource, though it is a restatement of a prior estimate.
Positive factors
- Combined Measured and Indicated resource for total rare earth oxides.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“7,216”
Context: 15.3
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · neodymium praseodymiumTonnes: 15300000Grade: 1970Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- neodymium praseodymium
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:e14269fa00ff5e175c39
- Deposit or zone
- Total Measured and Indicated
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 15300000
- Grade
- 1970
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This represents the combined Measured and Indicated resource for neodymium praseodymium, providing a higher confidence portion of the overall resource, though it is a restatement of a prior estimate.
Positive factors
- Combined Measured and Indicated resource for neodymium praseodymium.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“1,970”
Context: 15.3
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · dysprosium terbiumTonnes: 15300000Grade: 104Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- dysprosium terbium
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:e14269fa00ff5e175c39
- Deposit or zone
- Total Measured and Indicated
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 15300000
- Grade
- 104
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This represents the combined Measured and Indicated resource for dysprosium terbium, providing a higher confidence portion of the overall resource, though it is a restatement of a prior estimate.
Positive factors
- Combined Measured and Indicated resource for dysprosium terbium.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“104”
Context: 15.3
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · rutileTonnes: 15300000Grade: 8.8Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- rutile
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:e14269fa00ff5e175c39
- Deposit or zone
- Total Measured and Indicated
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 15300000
- Grade
- 8.8
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This represents the combined Measured and Indicated resource for rutile, providing a higher confidence portion of the overall resource, though it is a restatement of a prior estimate.
Positive factors
- Combined Measured and Indicated resource for rutile.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“8.8”
Context: 15.3
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · ilmeniteTonnes: 15300000Grade: 3.3Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- ilmenite
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:e14269fa00ff5e175c39
- Deposit or zone
- Total Measured and Indicated
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 15300000
- Grade
- 3.3
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This represents the combined Measured and Indicated resource for ilmenite, providing a higher confidence portion of the overall resource, though it is a restatement of a prior estimate.
Positive factors
- Combined Measured and Indicated resource for ilmenite.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“3.3”
Context: 15.3
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · zirconTonnes: 15300000Grade: 5.2Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- zircon
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:e14269fa00ff5e175c39
- Deposit or zone
- Total Measured and Indicated
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 15300000
- Grade
- 5.2
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This represents the combined Measured and Indicated resource for zircon, providing a higher confidence portion of the overall resource, though it is a restatement of a prior estimate.
Positive factors
- Combined Measured and Indicated resource for zircon.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“5.2”
Context: 15.3
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · monaziteTonnes: 15300000Grade: 1Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- monazite
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:e14269fa00ff5e175c39
- Deposit or zone
- Total Measured and Indicated
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 15300000
- Grade
- 1
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This represents the combined Measured and Indicated resource for monazite, providing a higher confidence portion of the overall resource, though it is a restatement of a prior estimate.
Positive factors
- Combined Measured and Indicated resource for monazite.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“1.0”
Context: 15.3
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · heavy mineralsTonnes: 15300000Grade: 18.3Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- heavy minerals
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:e14269fa00ff5e175c39
- Deposit or zone
- Total Measured and Indicated
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 15300000
- Grade
- 18.3
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This represents the combined Measured and Indicated resource for heavy minerals, providing a higher confidence portion of the overall resource, though it is a restatement of a prior estimate.
Positive factors
- Combined Measured and Indicated resource for heavy minerals.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“18.3”
Context: 15.3
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · titanium dioxideTonnes: 44700000Grade: 9.01Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- titanium dioxide
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:2eda5a9150dc67952168
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 44700000
- Grade
- 9.01
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a good grade Inferred resource for titanium dioxide, indicating potential but requiring further drilling to upgrade confidence, though it is a restatement of a prior estimate.
Positive factors
- Good grade for titanium dioxide in Inferred category.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Negative factors
- Inferred category has lower geological confidence.
Evidence · table
“9.01”
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · zirconium dioxideTonnes: 44700000Grade: 2.9Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- zirconium dioxide
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:2eda5a9150dc67952168
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 44700000
- Grade
- 2.9
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a good grade Inferred resource for zirconium dioxide, indicating potential but requiring further drilling to upgrade confidence, though it is a restatement of a prior estimate.
Positive factors
- Good grade for zirconium dioxide in Inferred category.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Negative factors
- Inferred category has lower geological confidence.
Evidence · table
“2.90”
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · hafnium dioxideTonnes: 44700000Grade: 595Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- hafnium dioxide
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:2eda5a9150dc67952168
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 44700000
- Grade
- 595
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a good grade Inferred resource for hafnium dioxide, indicating potential but requiring further drilling to upgrade confidence, though it is a restatement of a prior estimate.
Positive factors
- Good grade for hafnium dioxide in Inferred category.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Negative factors
- Inferred category has lower geological confidence.
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · total rare earth oxidesTonnes: 44700000Grade: 5952Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- total rare earth oxides
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:2eda5a9150dc67952168
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 44700000
- Grade
- 5952
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a good grade Inferred resource for total rare earth oxides, indicating potential but requiring further drilling to upgrade confidence, though it is a restatement of a prior estimate.
Positive factors
- Good grade for total rare earth oxides in Inferred category.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Negative factors
- Inferred category has lower geological confidence.
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · neodymium praseodymiumTonnes: 44700000Grade: 1621Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- neodymium praseodymium
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:2eda5a9150dc67952168
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 44700000
- Grade
- 1621
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a good grade Inferred resource for neodymium praseodymium, indicating potential but requiring further drilling to upgrade confidence, though it is a restatement of a prior estimate.
Positive factors
- Good grade for neodymium praseodymium in Inferred category.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Negative factors
- Inferred category has lower geological confidence.
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · dysprosium terbiumTonnes: 44700000Grade: 87Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- dysprosium terbium
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:2eda5a9150dc67952168
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 44700000
- Grade
- 87
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a good grade Inferred resource for dysprosium terbium, indicating potential but requiring further drilling to upgrade confidence, though it is a restatement of a prior estimate.
Positive factors
- Good grade for dysprosium terbium in Inferred category.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Negative factors
- Inferred category has lower geological confidence.
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · rutileTonnes: 44700000Grade: 7.5Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- rutile
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:2eda5a9150dc67952168
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 44700000
- Grade
- 7.5
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a good grade Inferred resource for rutile, indicating potential but requiring further drilling to upgrade confidence, though it is a restatement of a prior estimate.
Positive factors
- Good grade for rutile in Inferred category.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Negative factors
- Inferred category has lower geological confidence.
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · ilmeniteTonnes: 44700000Grade: 2.9Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- ilmenite
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:2eda5a9150dc67952168
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 44700000
- Grade
- 2.9
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a good grade Inferred resource for ilmenite, indicating potential but requiring further drilling to upgrade confidence, though it is a restatement of a prior estimate.
Positive factors
- Good grade for ilmenite in Inferred category.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Negative factors
- Inferred category has lower geological confidence.
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · zirconTonnes: 44700000Grade: 4.3Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- zircon
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:2eda5a9150dc67952168
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 44700000
- Grade
- 4.3
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a good grade Inferred resource for zircon, indicating potential but requiring further drilling to upgrade confidence, though it is a restatement of a prior estimate.
Positive factors
- Good grade for zircon in Inferred category.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Negative factors
- Inferred category has lower geological confidence.
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · monaziteTonnes: 44700000Grade: 0.8Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- monazite
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:2eda5a9150dc67952168
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 44700000
- Grade
- 0.8
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a good grade Inferred resource for monazite, indicating potential but requiring further drilling to upgrade confidence, though it is a restatement of a prior estimate.
Positive factors
- Good grade for monazite in Inferred category.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Negative factors
- Inferred category has lower geological confidence.
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · heavy mineralsTonnes: 44700000Grade: 15.5Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- heavy minerals
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:2eda5a9150dc67952168
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 44700000
- Grade
- 15.5
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a good grade Inferred resource for heavy minerals, indicating potential but requiring further drilling to upgrade confidence, though it is a restatement of a prior estimate.
Positive factors
- Good grade for heavy minerals in Inferred category.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Negative factors
- Inferred category has lower geological confidence.
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · titanium dioxideTonnes: 60000000Grade: 9.39Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- titanium dioxide
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:cbfd017721f8bb02d253
- Deposit or zone
- Total Resource
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 60000000
- Grade
- 9.39
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This represents the total resource for titanium dioxide, with a substantial portion in the Inferred category, indicating potential but requiring further work to upgrade confidence, though it is a restatement of a prior estimate.
Positive factors
- Overall resource for titanium dioxide is substantial.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Negative factors
- Significant portion of the total resource is in the Inferred category.
Evidence · table
“9.39”
Context: 60.0
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · zirconium dioxideTonnes: 60000000Grade: 3.06Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- zirconium dioxide
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:cbfd017721f8bb02d253
- Deposit or zone
- Total Resource
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 60000000
- Grade
- 3.06
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This represents the total resource for zirconium dioxide, with a substantial portion in the Inferred category, indicating potential but requiring further work to upgrade confidence, though it is a restatement of a prior estimate.
Positive factors
- Overall resource for zirconium dioxide is substantial.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Negative factors
- Significant portion of the total resource is in the Inferred category.
Evidence · table
“3.06”
Context: 60.0
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · hafnium dioxideTonnes: 60000000Grade: 624Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- hafnium dioxide
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:cbfd017721f8bb02d253
- Deposit or zone
- Total Resource
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 60000000
- Grade
- 624
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This represents the total resource for hafnium dioxide, with a substantial portion in the Inferred category, indicating potential but requiring further work to upgrade confidence, though it is a restatement of a prior estimate.
Positive factors
- Overall resource for hafnium dioxide is substantial.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Negative factors
- Significant portion of the total resource is in the Inferred category.
Evidence · table
“624”
Context: 60.0
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · total rare earth oxidesTonnes: 60000000Grade: 6274Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- total rare earth oxides
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:cbfd017721f8bb02d253
- Deposit or zone
- Total Resource
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 60000000
- Grade
- 6274
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This represents the total resource for total rare earth oxides, with a substantial portion in the Inferred category, indicating potential but requiring further work to upgrade confidence, though it is a restatement of a prior estimate.
Positive factors
- Overall resource for total rare earth oxides is substantial.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Negative factors
- Significant portion of the total resource is in the Inferred category.
Evidence · table
“6,274”
Context: 60.0
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · neodymium praseodymiumTonnes: 60000000Grade: 1710Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- neodymium praseodymium
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:cbfd017721f8bb02d253
- Deposit or zone
- Total Resource
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 60000000
- Grade
- 1710
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This represents the total resource for neodymium praseodymium, with a substantial portion in the Inferred category, indicating potential but requiring further work to upgrade confidence, though it is a restatement of a prior estimate.
Positive factors
- Overall resource for neodymium praseodymium is substantial.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Negative factors
- Significant portion of the total resource is in the Inferred category.
Evidence · table
“1,710”
Context: 60.0
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · dysprosium terbiumTonnes: 60000000Grade: 91Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- dysprosium terbium
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:cbfd017721f8bb02d253
- Deposit or zone
- Total Resource
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 60000000
- Grade
- 91
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This represents the total resource for dysprosium terbium, with a substantial portion in the Inferred category, indicating potential but requiring further work to upgrade confidence, though it is a restatement of a prior estimate.
Positive factors
- Overall resource for dysprosium terbium is substantial.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Negative factors
- Significant portion of the total resource is in the Inferred category.
Evidence · table
“91”
Context: 60.0
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · rutileTonnes: 60000000Grade: 7.8Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- rutile
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:cbfd017721f8bb02d253
- Deposit or zone
- Total Resource
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 60000000
- Grade
- 7.8
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This represents the total resource for rutile, with a substantial portion in the Inferred category, indicating potential but requiring further work to upgrade confidence, though it is a restatement of a prior estimate.
Positive factors
- Overall resource for rutile is substantial.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Negative factors
- Significant portion of the total resource is in the Inferred category.
Evidence · table
“7.8”
Context: 60.0
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · ilmeniteTonnes: 60000000Grade: 3Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- ilmenite
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:cbfd017721f8bb02d253
- Deposit or zone
- Total Resource
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 60000000
- Grade
- 3
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This represents the total resource for ilmenite, with a substantial portion in the Inferred category, indicating potential but requiring further work to upgrade confidence, though it is a restatement of a prior estimate.
Positive factors
- Overall resource for ilmenite is substantial.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Negative factors
- Significant portion of the total resource is in the Inferred category.
Evidence · table
“3.0”
Context: 60.0
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · zirconTonnes: 60000000Grade: 4.5Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- zircon
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:cbfd017721f8bb02d253
- Deposit or zone
- Total Resource
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 60000000
- Grade
- 4.5
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This represents the total resource for zircon, with a substantial portion in the Inferred category, indicating potential but requiring further work to upgrade confidence, though it is a restatement of a prior estimate.
Positive factors
- Overall resource for zircon is substantial.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Negative factors
- Significant portion of the total resource is in the Inferred category.
Evidence · table
“4.5”
Context: 60.0
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · monaziteTonnes: 60000000Grade: 0.9Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- monazite
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:cbfd017721f8bb02d253
- Deposit or zone
- Total Resource
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 60000000
- Grade
- 0.9
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This represents the total resource for monazite, with a substantial portion in the Inferred category, indicating potential but requiring further work to upgrade confidence, though it is a restatement of a prior estimate.
Positive factors
- Overall resource for monazite is substantial.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Negative factors
- Significant portion of the total resource is in the Inferred category.
Evidence · table
“0.9”
Context: 60.0
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · heavy mineralsTonnes: 60000000Grade: 16.2Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- heavy minerals
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:cbfd017721f8bb02d253
- Deposit or zone
- Total Resource
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 60000000
- Grade
- 16.2
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This represents the total resource for heavy minerals, with a substantial portion in the Inferred category, indicating potential but requiring further work to upgrade confidence, though it is a restatement of a prior estimate.
Positive factors
- Overall resource for heavy minerals is substantial.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Negative factors
- Significant portion of the total resource is in the Inferred category.
Evidence · table
“16.2”
Context: 60.0
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · titanium dioxideTonnes: 2000000Grade: 12.14Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- titanium dioxide
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:0a1c93cfb8d8c1cbb47c
- Deposit or zone
- High-grade Main Seam
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 12.14
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a high-grade Measured resource for titanium dioxide within the High-grade Main Seam, providing a strong foundation for the project, though it is a restatement of a prior estimate.
Positive factors
- High grade for titanium dioxide in Measured category within the High-grade Main Seam.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“12.14”
Context: 2.0
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · zirconium dioxideTonnes: 2000000Grade: 4.18Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- zirconium dioxide
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:0a1c93cfb8d8c1cbb47c
- Deposit or zone
- High-grade Main Seam
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 4.18
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a high-grade Measured resource for zirconium dioxide within the High-grade Main Seam, providing a strong foundation for the project, though it is a restatement of a prior estimate.
Positive factors
- High grade for zirconium dioxide in Measured category within the High-grade Main Seam.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“4.18”
Context: 2.0
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · hafnium dioxideTonnes: 2000000Grade: 848Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- hafnium dioxide
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:0a1c93cfb8d8c1cbb47c
- Deposit or zone
- High-grade Main Seam
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 848
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a high-grade Measured resource for hafnium dioxide within the High-grade Main Seam, providing a strong foundation for the project, though it is a restatement of a prior estimate.
Positive factors
- High grade for hafnium dioxide in Measured category within the High-grade Main Seam.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“848”
Context: 2.0
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · total rare earth oxidesTonnes: 2000000Grade: 8595Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- total rare earth oxides
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:0a1c93cfb8d8c1cbb47c
- Deposit or zone
- High-grade Main Seam
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 8595
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a high-grade Measured resource for total rare earth oxides within the High-grade Main Seam, providing a strong foundation for the project, though it is a restatement of a prior estimate.
Positive factors
- High grade for total rare earth oxides in Measured category within the High-grade Main Seam.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“8,595”
Context: 2.0
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · neodymium praseodymiumTonnes: 2000000Grade: 2364Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- neodymium praseodymium
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:0a1c93cfb8d8c1cbb47c
- Deposit or zone
- High-grade Main Seam
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 2364
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a high-grade Measured resource for neodymium praseodymium within the High-grade Main Seam, providing a strong foundation for the project, though it is a restatement of a prior estimate.
Positive factors
- High grade for neodymium praseodymium in Measured category within the High-grade Main Seam.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · dysprosium terbiumTonnes: 2000000Grade: 124Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- dysprosium terbium
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:0a1c93cfb8d8c1cbb47c
- Deposit or zone
- High-grade Main Seam
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 124
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a high-grade Measured resource for dysprosium terbium within the High-grade Main Seam, providing a strong foundation for the project, though it is a restatement of a prior estimate.
Positive factors
- High grade for dysprosium terbium in Measured category within the High-grade Main Seam.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · rutileTonnes: 2000000Grade: 10.1Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- rutile
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:0a1c93cfb8d8c1cbb47c
- Deposit or zone
- High-grade Main Seam
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 10.1
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a high-grade Measured resource for rutile within the High-grade Main Seam, providing a strong foundation for the project, though it is a restatement of a prior estimate.
Positive factors
- High grade for rutile in Measured category within the High-grade Main Seam.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“10.1”
Context: 2.0
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · ilmeniteTonnes: 2000000Grade: 3.8Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- ilmenite
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:0a1c93cfb8d8c1cbb47c
- Deposit or zone
- High-grade Main Seam
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 3.8
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a high-grade Measured resource for ilmenite within the High-grade Main Seam, providing a strong foundation for the project, though it is a restatement of a prior estimate.
Positive factors
- High grade for ilmenite in Measured category within the High-grade Main Seam.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“3.8”
Context: 2.0
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · zirconTonnes: 2000000Grade: 6.2Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- zircon
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:0a1c93cfb8d8c1cbb47c
- Deposit or zone
- High-grade Main Seam
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 6.2
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a high-grade Measured resource for zircon within the High-grade Main Seam, providing a strong foundation for the project, though it is a restatement of a prior estimate.
Positive factors
- High grade for zircon in Measured category within the High-grade Main Seam.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“6.2”
Context: 2.0
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · monaziteTonnes: 2000000Grade: 1.2Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- monazite
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:0a1c93cfb8d8c1cbb47c
- Deposit or zone
- High-grade Main Seam
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 1.2
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a high-grade Measured resource for monazite within the High-grade Main Seam, providing a strong foundation for the project, though it is a restatement of a prior estimate.
Positive factors
- High grade for monazite in Measured category within the High-grade Main Seam.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“1.2”
Context: 2.0
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
measuredOrión EU Critical Minerals Project · heavy mineralsTonnes: 2000000Grade: 21.4Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- heavy minerals
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:0a1c93cfb8d8c1cbb47c
- Deposit or zone
- High-grade Main Seam
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- measured
- Tonnes
- 2000000
- Grade
- 21.4
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a high-grade Measured resource for heavy minerals within the High-grade Main Seam, providing a strong foundation for the project, though it is a restatement of a prior estimate.
Positive factors
- High grade for heavy minerals in Measured category within the High-grade Main Seam.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“21.4”
Context: 2.0
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · titanium dioxideTonnes: 11900000Grade: 10.86Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- titanium dioxide
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:bd4d73c9f3b346082917
- Deposit or zone
- High-grade Main Seam
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 11900000
- Grade
- 10.86
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a good grade Indicated resource for titanium dioxide within the High-grade Main Seam, providing a solid foundation for the project, though it is a restatement of a prior estimate.
Positive factors
- Good grade for titanium dioxide in Indicated category within the High-grade Main Seam.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“10.86”
Context: 11.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · zirconium dioxideTonnes: 11900000Grade: 3.66Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- zirconium dioxide
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:bd4d73c9f3b346082917
- Deposit or zone
- High-grade Main Seam
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 11900000
- Grade
- 3.66
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a good grade Indicated resource for zirconium dioxide within the High-grade Main Seam, providing a solid foundation for the project, though it is a restatement of a prior estimate.
Positive factors
- Good grade for zirconium dioxide in Indicated category within the High-grade Main Seam.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“3.66”
Context: 11.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · hafnium dioxideTonnes: 11900000Grade: 739Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- hafnium dioxide
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:bd4d73c9f3b346082917
- Deposit or zone
- High-grade Main Seam
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 11900000
- Grade
- 739
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a good grade Indicated resource for hafnium dioxide within the High-grade Main Seam, providing a solid foundation for the project, though it is a restatement of a prior estimate.
Positive factors
- Good grade for hafnium dioxide in Indicated category within the High-grade Main Seam.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“739”
Context: 11.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · total rare earth oxidesTonnes: 11900000Grade: 7614Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- total rare earth oxides
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:bd4d73c9f3b346082917
- Deposit or zone
- High-grade Main Seam
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 11900000
- Grade
- 7614
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a good grade Indicated resource for total rare earth oxides within the High-grade Main Seam, providing a solid foundation for the project, though it is a restatement of a prior estimate.
Positive factors
- Good grade for total rare earth oxides in Indicated category within the High-grade Main Seam.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“7,614”
Context: 11.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · neodymium praseodymiumTonnes: 11900000Grade: 2077Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- neodymium praseodymium
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:bd4d73c9f3b346082917
- Deposit or zone
- High-grade Main Seam
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 11900000
- Grade
- 2077
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a good grade Indicated resource for neodymium praseodymium within the High-grade Main Seam, providing a solid foundation for the project, though it is a restatement of a prior estimate.
Positive factors
- Good grade for neodymium praseodymium in Indicated category within the High-grade Main Seam.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · dysprosium terbiumTonnes: 11900000Grade: 110Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- dysprosium terbium
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:bd4d73c9f3b346082917
- Deposit or zone
- High-grade Main Seam
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 11900000
- Grade
- 110
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a good grade Indicated resource for dysprosium terbium within the High-grade Main Seam, providing a solid foundation for the project, though it is a restatement of a prior estimate.
Positive factors
- Good grade for dysprosium terbium in Indicated category within the High-grade Main Seam.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · rutileTonnes: 11900000Grade: 9.1Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- rutile
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:bd4d73c9f3b346082917
- Deposit or zone
- High-grade Main Seam
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 11900000
- Grade
- 9.1
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a good grade Indicated resource for rutile within the High-grade Main Seam, providing a solid foundation for the project, though it is a restatement of a prior estimate.
Positive factors
- Good grade for rutile in Indicated category within the High-grade Main Seam.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“9.1”
Context: 11.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · ilmeniteTonnes: 11900000Grade: 3.4Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- ilmenite
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:bd4d73c9f3b346082917
- Deposit or zone
- High-grade Main Seam
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 11900000
- Grade
- 3.4
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a good grade Indicated resource for ilmenite within the High-grade Main Seam, providing a solid foundation for the project, though it is a restatement of a prior estimate.
Positive factors
- Good grade for ilmenite in Indicated category within the High-grade Main Seam.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“3.4”
Context: 11.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · zirconTonnes: 11900000Grade: 5.4Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- zircon
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:bd4d73c9f3b346082917
- Deposit or zone
- High-grade Main Seam
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 11900000
- Grade
- 5.4
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a good grade Indicated resource for zircon within the High-grade Main Seam, providing a solid foundation for the project, though it is a restatement of a prior estimate.
Positive factors
- Good grade for zircon in Indicated category within the High-grade Main Seam.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“5.4”
Context: 11.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · monaziteTonnes: 11900000Grade: 1.1Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- monazite
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:bd4d73c9f3b346082917
- Deposit or zone
- High-grade Main Seam
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 11900000
- Grade
- 1.1
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a good grade Indicated resource for monazite within the High-grade Main Seam, providing a solid foundation for the project, though it is a restatement of a prior estimate.
Positive factors
- Good grade for monazite in Indicated category within the High-grade Main Seam.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“1.1”
Context: 11.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · heavy mineralsTonnes: 11900000Grade: 19Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- heavy minerals
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:bd4d73c9f3b346082917
- Deposit or zone
- High-grade Main Seam
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 11900000
- Grade
- 19
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a good grade Indicated resource for heavy minerals within the High-grade Main Seam, providing a solid foundation for the project, though it is a restatement of a prior estimate.
Positive factors
- Good grade for heavy minerals in Indicated category within the High-grade Main Seam.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“19.0”
Context: 11.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · titanium dioxideTonnes: 13800000Grade: 11.05Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- titanium dioxide
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:d06abadaf27b9b569b7b
- Deposit or zone
- High-grade Main Seam Total Measured and Indicated
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 13800000
- Grade
- 11.05
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This represents the combined Measured and Indicated resource for titanium dioxide within the High-grade Main Seam, providing a higher confidence portion of the overall resource, though it is a restatement of a prior estimate.
Positive factors
- Combined Measured and Indicated resource for titanium dioxide within the High-grade Main Seam.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“11.05”
Context: 13.8
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · zirconium dioxideTonnes: 13800000Grade: 3.74Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- zirconium dioxide
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:d06abadaf27b9b569b7b
- Deposit or zone
- High-grade Main Seam Total Measured and Indicated
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 13800000
- Grade
- 3.74
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This represents the combined Measured and Indicated resource for zirconium dioxide within the High-grade Main Seam, providing a higher confidence portion of the overall resource, though it is a restatement of a prior estimate.
Positive factors
- Combined Measured and Indicated resource for zirconium dioxide within the High-grade Main Seam.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“3.74”
Context: 13.8
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · hafnium dioxideTonnes: 13800000Grade: 755Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- hafnium dioxide
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:d06abadaf27b9b569b7b
- Deposit or zone
- High-grade Main Seam Total Measured and Indicated
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 13800000
- Grade
- 755
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This represents the combined Measured and Indicated resource for hafnium dioxide within the High-grade Main Seam, providing a higher confidence portion of the overall resource, though it is a restatement of a prior estimate.
Positive factors
- Combined Measured and Indicated resource for hafnium dioxide within the High-grade Main Seam.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“755”
Context: 13.8
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · total rare earth oxidesTonnes: 13800000Grade: 7753Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- total rare earth oxides
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:d06abadaf27b9b569b7b
- Deposit or zone
- High-grade Main Seam Total Measured and Indicated
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 13800000
- Grade
- 7753
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This represents the combined Measured and Indicated resource for total rare earth oxides within the High-grade Main Seam, providing a higher confidence portion of the overall resource, though it is a restatement of a prior estimate.
Positive factors
- Combined Measured and Indicated resource for total rare earth oxides within the High-grade Main Seam.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“7,753”
Context: 13.8
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · neodymium praseodymiumTonnes: 13800000Grade: 2118Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- neodymium praseodymium
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:d06abadaf27b9b569b7b
- Deposit or zone
- High-grade Main Seam Total Measured and Indicated
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 13800000
- Grade
- 2118
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This represents the combined Measured and Indicated resource for neodymium praseodymium within the High-grade Main Seam, providing a higher confidence portion of the overall resource, though it is a restatement of a prior estimate.
Positive factors
- Combined Measured and Indicated resource for neodymium praseodymium within the High-grade Main Seam.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“2,118”
Context: 13.8
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · dysprosium terbiumTonnes: 13800000Grade: 112Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- dysprosium terbium
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:d06abadaf27b9b569b7b
- Deposit or zone
- High-grade Main Seam Total Measured and Indicated
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 13800000
- Grade
- 112
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This represents the combined Measured and Indicated resource for dysprosium terbium within the High-grade Main Seam, providing a higher confidence portion of the overall resource, though it is a restatement of a prior estimate.
Positive factors
- Combined Measured and Indicated resource for dysprosium terbium within the High-grade Main Seam.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“112”
Context: 13.8
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · rutileTonnes: 13800000Grade: 9.2Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- rutile
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:d06abadaf27b9b569b7b
- Deposit or zone
- High-grade Main Seam Total Measured and Indicated
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 13800000
- Grade
- 9.2
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This represents the combined Measured and Indicated resource for rutile within the High-grade Main Seam, providing a higher confidence portion of the overall resource, though it is a restatement of a prior estimate.
Positive factors
- Combined Measured and Indicated resource for rutile within the High-grade Main Seam.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“9.2”
Context: 13.8
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · ilmeniteTonnes: 13800000Grade: 3.5Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- ilmenite
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:d06abadaf27b9b569b7b
- Deposit or zone
- High-grade Main Seam Total Measured and Indicated
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 13800000
- Grade
- 3.5
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This represents the combined Measured and Indicated resource for ilmenite within the High-grade Main Seam, providing a higher confidence portion of the overall resource, though it is a restatement of a prior estimate.
Positive factors
- Combined Measured and Indicated resource for ilmenite within the High-grade Main Seam.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“3.5”
Context: 13.8
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · zirconTonnes: 13800000Grade: 5.6Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- zircon
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:d06abadaf27b9b569b7b
- Deposit or zone
- High-grade Main Seam Total Measured and Indicated
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 13800000
- Grade
- 5.6
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This represents the combined Measured and Indicated resource for zircon within the High-grade Main Seam, providing a higher confidence portion of the overall resource, though it is a restatement of a prior estimate.
Positive factors
- Combined Measured and Indicated resource for zircon within the High-grade Main Seam.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“5.6”
Context: 13.8
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · monaziteTonnes: 13800000Grade: 1.1Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- monazite
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:d06abadaf27b9b569b7b
- Deposit or zone
- High-grade Main Seam Total Measured and Indicated
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 13800000
- Grade
- 1.1
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This represents the combined Measured and Indicated resource for monazite within the High-grade Main Seam, providing a higher confidence portion of the overall resource, though it is a restatement of a prior estimate.
Positive factors
- Combined Measured and Indicated resource for monazite within the High-grade Main Seam.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“1.1”
Context: 13.8
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedOrión EU Critical Minerals Project · heavy mineralsTonnes: 13800000Grade: 19.3Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- heavy minerals
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:d06abadaf27b9b569b7b
- Deposit or zone
- High-grade Main Seam Total Measured and Indicated
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 13800000
- Grade
- 19.3
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This represents the combined Measured and Indicated resource for heavy minerals within the High-grade Main Seam, providing a higher confidence portion of the overall resource, though it is a restatement of a prior estimate.
Positive factors
- Combined Measured and Indicated resource for heavy minerals within the High-grade Main Seam.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Evidence · table
“19.3”
Context: 13.8
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · titanium dioxideTonnes: 35900000Grade: 10Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- titanium dioxide
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:60e49638f22717b20d48
- Deposit or zone
- High-grade Main Seam
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 35900000
- Grade
- 10
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a good grade Inferred resource for titanium dioxide within the High-grade Main Seam, indicating potential but requiring further drilling to upgrade confidence, though it is a restatement of a prior estimate.
Positive factors
- Good grade for titanium dioxide in Inferred category within the High-grade Main Seam.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Negative factors
- Inferred category has lower geological confidence.
Evidence · table
“10.00”
Context: 35.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · zirconium dioxideTonnes: 35900000Grade: 3.3Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- zirconium dioxide
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:60e49638f22717b20d48
- Deposit or zone
- High-grade Main Seam
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 35900000
- Grade
- 3.3
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a good grade Inferred resource for zirconium dioxide within the High-grade Main Seam, indicating potential but requiring further drilling to upgrade confidence, though it is a restatement of a prior estimate.
Positive factors
- Good grade for zirconium dioxide in Inferred category within the High-grade Main Seam.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Negative factors
- Inferred category has lower geological confidence.
Evidence · table
“3.30”
Context: 35.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · hafnium dioxideTonnes: 35900000Grade: 665Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- hafnium dioxide
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:60e49638f22717b20d48
- Deposit or zone
- High-grade Main Seam
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 35900000
- Grade
- 665
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a good grade Inferred resource for hafnium dioxide within the High-grade Main Seam, indicating potential but requiring further drilling to upgrade confidence, though it is a restatement of a prior estimate.
Positive factors
- Good grade for hafnium dioxide in Inferred category within the High-grade Main Seam.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Negative factors
- Inferred category has lower geological confidence.
Evidence · table
“665”
Context: 35.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · total rare earth oxidesTonnes: 35900000Grade: 6901Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- total rare earth oxides
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:60e49638f22717b20d48
- Deposit or zone
- High-grade Main Seam
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 35900000
- Grade
- 6901
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a good grade Inferred resource for total rare earth oxides within the High-grade Main Seam, indicating potential but requiring further drilling to upgrade confidence, though it is a restatement of a prior estimate.
Positive factors
- Good grade for total rare earth oxides in Inferred category within the High-grade Main Seam.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Negative factors
- Inferred category has lower geological confidence.
Evidence · table
“6,901”
Context: 35.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · neodymium praseodymiumTonnes: 35900000Grade: 1884Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- neodymium praseodymium
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:60e49638f22717b20d48
- Deposit or zone
- High-grade Main Seam
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 35900000
- Grade
- 1884
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a good grade Inferred resource for neodymium praseodymium within the High-grade Main Seam, indicating potential but requiring further drilling to upgrade confidence, though it is a restatement of a prior estimate.
Positive factors
- Good grade for neodymium praseodymium in Inferred category within the High-grade Main Seam.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Negative factors
- Inferred category has lower geological confidence.
Evidence · table
“1,884”
Context: 35.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · dysprosium terbiumTonnes: 35900000Grade: 100Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- dysprosium terbium
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:60e49638f22717b20d48
- Deposit or zone
- High-grade Main Seam
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 35900000
- Grade
- 100
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a good grade Inferred resource for dysprosium terbium, indicating potential but requiring further drilling to upgrade confidence, though it is a restatement of a prior estimate.
Positive factors
- Good grade for dysprosium terbium in Inferred category within the High-grade Main Seam.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Negative factors
- Inferred category has lower geological confidence.
Evidence · table
“100”
Context: 35.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · rutileTonnes: 35900000Grade: 8.3Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- rutile
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:60e49638f22717b20d48
- Deposit or zone
- High-grade Main Seam
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 35900000
- Grade
- 8.3
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a good grade Inferred resource for rutile within the High-grade Main Seam, indicating potential but requiring further drilling to upgrade confidence, though it is a restatement of a prior estimate.
Positive factors
- Good grade for rutile in Inferred category within the High-grade Main Seam.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Negative factors
- Inferred category has lower geological confidence.
Evidence · table
“8.3”
Context: 35.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · ilmeniteTonnes: 35900000Grade: 3.2Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- ilmenite
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:60e49638f22717b20d48
- Deposit or zone
- High-grade Main Seam
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 35900000
- Grade
- 3.2
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a good grade Inferred resource for ilmenite, indicating potential but requiring further drilling to upgrade confidence, though it is a restatement of a prior estimate.
Positive factors
- Good grade for ilmenite in Inferred category within the High-grade Main Seam.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Negative factors
- Inferred category has lower geological confidence.
Evidence · table
“3.2”
Context: 35.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · zirconTonnes: 35900000Grade: 4.9Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- zircon
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:60e49638f22717b20d48
- Deposit or zone
- High-grade Main Seam
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 35900000
- Grade
- 4.9
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a good grade Inferred resource for zircon within the High-grade Main Seam, indicating potential but requiring further drilling to upgrade confidence, though it is a restatement of a prior estimate.
Positive factors
- Good grade for zircon in Inferred category within the High-grade Main Seam.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Negative factors
- Inferred category has lower geological confidence.
Evidence · table
“4.9”
Context: 35.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · monaziteTonnes: 35900000Grade: 1Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- monazite
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:60e49638f22717b20d48
- Deposit or zone
- High-grade Main Seam
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 35900000
- Grade
- 1
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a good grade Inferred resource for monazite within the High-grade Main Seam, indicating potential but requiring further drilling to upgrade confidence, though it is a restatement of a prior estimate.
Positive factors
- Good grade for monazite in Inferred category within the High-grade Main Seam.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Negative factors
- Inferred category has lower geological confidence.
Evidence · table
“1.0”
Context: 35.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · heavy mineralsTonnes: 35900000Grade: 17.4Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- heavy minerals
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:60e49638f22717b20d48
- Deposit or zone
- High-grade Main Seam
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 35900000
- Grade
- 17.4
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This is a good grade Inferred resource for heavy minerals within the High-grade Main Seam, indicating potential but requiring further drilling to upgrade confidence, though it is a restatement of a prior estimate.
Positive factors
- Good grade for heavy minerals in Inferred category within the High-grade Main Seam.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Negative factors
- Inferred category has lower geological confidence.
Evidence · table
“17.4”
Context: 35.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · titanium dioxideTonnes: 49700000Grade: 10.29Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- titanium dioxide
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:0f56c8586291a65ab97d
- Deposit or zone
- High-grade Main Seam Total Resource
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 49700000
- Grade
- 10.29
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This represents the total resource for titanium dioxide within the High-grade Main Seam, with a substantial portion in the Inferred category, indicating potential but requiring further work to upgrade confidence, though it is a restatement of a prior estimate.
Positive factors
- Overall resource for titanium dioxide within the High-grade Main Seam is substantial.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Negative factors
- Significant portion of the total resource is in the Inferred category.
Evidence · table
“10.29”
Context: 49.7
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · zirconium dioxideTonnes: 49700000Grade: 3.42Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- zirconium dioxide
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:0f56c8586291a65ab97d
- Deposit or zone
- High-grade Main Seam Total Resource
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 49700000
- Grade
- 3.42
- Grade Unit
- %
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This represents the total resource for zirconium dioxide within the High-grade Main Seam, with a substantial portion in the Inferred category, indicating potential but requiring further work to upgrade confidence, though it is a restatement of a prior estimate.
Positive factors
- Overall resource for zirconium dioxide within the High-grade Main Seam is substantial.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Negative factors
- Significant portion of the total resource is in the Inferred category.
Evidence · table
“3.42”
Context: 49.7
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · hafnium dioxideTonnes: 49700000Grade: 690Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- hafnium dioxide
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:0f56c8586291a65ab97d
- Deposit or zone
- High-grade Main Seam Total Resource
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 49700000
- Grade
- 690
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This represents the total resource for hafnium dioxide within the High-grade Main Seam, with a substantial portion in the Inferred category, indicating potential but requiring further work to upgrade confidence, though it is a restatement of a prior estimate.
Positive factors
- Overall resource for hafnium dioxide within the High-grade Main Seam is substantial.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Negative factors
- Significant portion of the total resource is in the Inferred category.
Evidence · table
“690”
Context: 49.7
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · total rare earth oxidesTonnes: 49700000Grade: 7139Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- total rare earth oxides
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:0f56c8586291a65ab97d
- Deposit or zone
- High-grade Main Seam Total Resource
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 49700000
- Grade
- 7139
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This represents the total resource for total rare earth oxides within the High-grade Main Seam, with a substantial portion in the Inferred category, indicating potential but requiring further work to upgrade confidence, though it is a restatement of a prior estimate.
Positive factors
- Overall resource for total rare earth oxides within the High-grade Main Seam is substantial.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Negative factors
- Significant portion of the total resource is in the Inferred category.
Evidence · table
“7,139”
Context: 49.7
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · neodymium praseodymiumTonnes: 49700000Grade: 1949Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- neodymium praseodymium
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:0f56c8586291a65ab97d
- Deposit or zone
- High-grade Main Seam Total Resource
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 49700000
- Grade
- 1949
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This represents the total resource for neodymium praseodymium within the High-grade Main Seam, with a substantial portion in the Inferred category, indicating potential but requiring further work to upgrade confidence, though it is a restatement of a prior estimate.
Positive factors
- Overall resource for neodymium praseodymium within the High-grade Main Seam is substantial.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Negative factors
- Significant portion of the total resource is in the Inferred category.
Evidence · table
“1,949”
Context: 49.7
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredOrión EU Critical Minerals Project · dysprosium terbiumTonnes: 49700000Grade: 103Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Orión EU Critical Minerals Project
- Commodity
- dysprosium terbium
- Region
- spain
- Reported Region
- Spain
- Ticker
- OSM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- José Antonio Zuazo Osinaga
- Resource group id
- resource:0f56c8586291a65ab97d
- Deposit or zone
- High-grade Main Seam Total Resource
- Ownership percent
- 76 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 49700000
- Grade
- 103
- Grade Unit
- ppm
- Cutoff Grade
- 4
- Cutoff Unit
- % TiO₂
Prior Estimate
- Resource Date
- 2026-09-30
Lab
- Laboratory
- ALS and SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-30T00:00:00.000Z
Dates
- Event date
- 2026-10-11T00:00:00.000Z
Reasoning: This represents the total resource for dysprosium terbium within the High-grade Main Seam, with a substantial portion in the Inferred category, indicating potential but requiring further work to upgrade confidence, though it is a restatement of a prior estimate.
Positive factors
- Overall resource for dysprosium terbium within the High-grade Main Seam is substantial.
- JORC 2012 compliant with QP sign-off.
- QA/QC procedures disclosed and certified labs used.
Negative factors
- Significant portion of the total resource is in the Inferred category.
Evidence · table
“103”
Context: 49.7
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.