# OSM: Osmond Confirms Arrival of Second Drill Rig Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03150955 Publisher: asx Original announcement: 2026-10-11T21:35:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-11T22:16:49.686Z Atlas analysis updated: 2026-10-11T22:16:49.686Z - 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 Narrative sentiment: 0.20 · Bullish ## Minestarters Atlas 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 factor: Second drill rig operational, increasing drilling capacity. - Positive factor: Drilling program targeting MRE expansion and increased confidence levels. - Positive factor: Company targeting upgraded MRE and updated Scoping Study in Q1 CY27. - Positive factor: Progress towards mining licence application in 1H CY27. - Negative factor: No current drill results \(assays, grades, widths\) reported in this announcement. - Negative factor: Future milestones \(upgraded MRE, Scoping Study\) are subject to drilling results. Facts used in scoring: 105 ## Classification and evidence No classification tags are available. ## Extracted facts Stored fact records: 105. Some facts used in scoring do not have a stored record. ## Resource Estimates (105) ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-0) Orión EU Critical Minerals Project · titanium dioxide Historical result Needs review: historical\_restatement #### 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 factor: High grade for titanium dioxide in Measured category. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 12.14 Context: 2.0 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-1) Orión EU Critical Minerals Project · zirconium dioxide Historical result Needs review: historical\_restatement #### 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 factor: High grade for zirconium dioxide in Measured category. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 4.18 Context: 2.0 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-2) Orión EU Critical Minerals Project · hafnium dioxide Historical result Needs review: historical\_restatement #### 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 factor: High grade for hafnium dioxide in Measured category. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 848 Context: 2.0 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-3) Orión EU Critical Minerals Project · total rare earth oxides Historical result Needs review: historical\_restatement #### 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 factor: High grade for total rare earth oxides in Measured category. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 8,595 Context: 2.0 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-4) Orión EU Critical Minerals Project · neodymium praseodymium Historical result Needs review: historical\_restatement #### 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 factor: High grade for neodymium praseodymium in Measured category. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 2,364 Context: 2.0 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-5) Orión EU Critical Minerals Project · dysprosium terbium Historical result Needs review: historical\_restatement #### 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 factor: High grade for dysprosium terbium in Measured category. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 124 Context: 2.0 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-6) Orión EU Critical Minerals Project · rutile Historical result Needs review: historical\_restatement #### 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 factor: High grade for rutile in Measured category. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 10.1 Context: 2.0 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-7) Orión EU Critical Minerals Project · ilmenite Historical result Needs review: historical\_restatement #### 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 factor: High grade for ilmenite in Measured category. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 3.8 Context: 2.0 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-8) Orión EU Critical Minerals Project · zircon Historical result Needs review: historical\_restatement #### 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 factor: High grade for zircon in Measured category. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 6.2 Context: 2.0 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-9) Orión EU Critical Minerals Project · monazite Historical result Needs review: historical\_restatement #### 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 factor: High grade for monazite in Measured category. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 1.2 Context: 2.0 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-10) Orión EU Critical Minerals Project · heavy minerals Historical result Needs review: historical\_restatement #### 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 factor: High grade for heavy minerals in Measured category. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 21.4 Context: 2.0 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-11) Orión EU Critical Minerals Project · titanium dioxide Historical result Needs review: historical\_restatement #### 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 factor: Good grade for titanium dioxide in Indicated category. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 10.27 Context: 13.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-12) Orión EU Critical Minerals Project · zirconium dioxide Historical result Needs review: historical\_restatement #### 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 factor: Good grade for zirconium dioxide in Indicated category. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 3.42 Context: 13.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-13) Orión EU Critical Minerals Project · hafnium dioxide Historical result Needs review: historical\_restatement #### 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 factor: Good grade for hafnium dioxide in Indicated category. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 688 Context: 13.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-14) Orión EU Critical Minerals Project · total rare earth oxides Historical result Needs review: historical\_restatement #### 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 factor: Good grade for total rare earth oxides in Indicated category. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 7,013 Context: 13.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-15) Orión EU Critical Minerals Project · neodymium praseodymium Historical result Needs review: historical\_restatement #### 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 factor: Good grade for neodymium praseodymium in Indicated category. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 1,912 Context: 13.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-16) Orión EU Critical Minerals Project · dysprosium terbium Historical result Needs review: historical\_restatement #### 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 factor: Good grade for dysprosium terbium in Indicated category. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 102 Context: 13.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-17) Orión EU Critical Minerals Project · rutile Historical result Needs review: historical\_restatement #### 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 factor: Good grade for rutile in Indicated category. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 8.6 Context: 13.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-18) Orión EU Critical Minerals Project · ilmenite Historical result Needs review: historical\_restatement #### 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 factor: Good grade for ilmenite in Indicated category. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 3.3 Context: 13.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-19) Orión EU Critical Minerals Project · zircon Historical result Needs review: historical\_restatement #### 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 factor: Good grade for zircon in Indicated category. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 5.1 Context: 13.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-20) Orión EU Critical Minerals Project · monazite Historical result Needs review: historical\_restatement #### 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 factor: Good grade for monazite in Indicated category. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 1.0 Context: 13.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-21) Orión EU Critical Minerals Project · heavy minerals Historical result Needs review: historical\_restatement #### 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 factor: Good grade for heavy minerals in Indicated category. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 17.9 Context: 13.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-22) Orión EU Critical Minerals Project · titanium dioxide Historical result Needs review: historical\_restatement #### 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 factor: Combined Measured and Indicated resource for titanium dioxide. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 10.51 Context: 15.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-23) Orión EU Critical Minerals Project · zirconium dioxide Historical result Needs review: historical\_restatement #### 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 factor: Combined Measured and Indicated resource for zirconium dioxide. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 3.52 Context: 15.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-24) Orión EU Critical Minerals Project · hafnium dioxide Historical result Needs review: historical\_restatement #### 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 factor: Combined Measured and Indicated resource for hafnium dioxide. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 709 Context: 15.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-25) Orión EU Critical Minerals Project · total rare earth oxides Historical result Needs review: historical\_restatement #### 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 factor: Combined Measured and Indicated resource for total rare earth oxides. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 7,216 Context: 15.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-26) Orión EU Critical Minerals Project · neodymium praseodymium Historical result Needs review: historical\_restatement #### 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 factor: Combined Measured and Indicated resource for neodymium praseodymium. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 1,970 Context: 15.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-27) Orión EU Critical Minerals Project · dysprosium terbium Historical result Needs review: historical\_restatement #### 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 factor: Combined Measured and Indicated resource for dysprosium terbium. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 104 Context: 15.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-28) Orión EU Critical Minerals Project · rutile Historical result Needs review: historical\_restatement #### 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 factor: Combined Measured and Indicated resource for rutile. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 8.8 Context: 15.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-29) Orión EU Critical Minerals Project · ilmenite Historical result Needs review: historical\_restatement #### 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 factor: Combined Measured and Indicated resource for ilmenite. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 3.3 Context: 15.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-30) Orión EU Critical Minerals Project · zircon Historical result Needs review: historical\_restatement #### 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 factor: Combined Measured and Indicated resource for zircon. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 5.2 Context: 15.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-31) Orión EU Critical Minerals Project · monazite Historical result Needs review: historical\_restatement #### 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 factor: Combined Measured and Indicated resource for monazite. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 1.0 Context: 15.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-32) Orión EU Critical Minerals Project · heavy minerals Historical result Needs review: historical\_restatement #### 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 factor: Combined Measured and Indicated resource for heavy minerals. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 18.3 Context: 15.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-33) Orión EU Critical Minerals Project · titanium dioxide Historical result Needs review: historical\_restatement #### 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 factor: Good grade for titanium dioxide in Inferred category. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 9.01 Context: 44.7 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-34) Orión EU Critical Minerals Project · zirconium dioxide Historical result Needs review: historical\_restatement #### 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 factor: Good grade for zirconium dioxide in Inferred category. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 2.90 Context: 44.7 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-35) Orión EU Critical Minerals Project · hafnium dioxide Historical result Needs review: historical\_restatement #### 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 factor: Good grade for hafnium dioxide in Inferred category. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 595 Context: 44.7 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-36) Orión EU Critical Minerals Project · total rare earth oxides Historical result Needs review: historical\_restatement #### 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 factor: Good grade for total rare earth oxides in Inferred category. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 5,952 Context: 44.7 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-37) Orión EU Critical Minerals Project · neodymium praseodymium Historical result Needs review: historical\_restatement #### 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 factor: Good grade for neodymium praseodymium in Inferred category. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 1,621 Context: 44.7 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-38) Orión EU Critical Minerals Project · dysprosium terbium Historical result Needs review: historical\_restatement #### 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 factor: Good grade for dysprosium terbium in Inferred category. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 87 Context: 44.7 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-39) Orión EU Critical Minerals Project · rutile Historical result Needs review: historical\_restatement #### 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 factor: Good grade for rutile in Inferred category. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 7.5 Context: 44.7 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-40) Orión EU Critical Minerals Project · ilmenite Historical result Needs review: historical\_restatement #### 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 factor: Good grade for ilmenite in Inferred category. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 2.9 Context: 44.7 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-41) Orión EU Critical Minerals Project · zircon Historical result Needs review: historical\_restatement #### 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 factor: Good grade for zircon in Inferred category. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 4.3 Context: 44.7 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-42) Orión EU Critical Minerals Project · monazite Historical result Needs review: historical\_restatement #### 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 factor: Good grade for monazite in Inferred category. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 0.8 Context: 44.7 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-43) Orión EU Critical Minerals Project · heavy minerals Historical result Needs review: historical\_restatement #### 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 factor: Good grade for heavy minerals in Inferred category. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 15.5 Context: 44.7 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-44) Orión EU Critical Minerals Project · titanium dioxide Historical result Needs review: historical\_restatement #### 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 factor: Overall resource for titanium dioxide is substantial. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. - Negative factor: Significant portion of the total resource is in the Inferred category. Evidence · table > 9.39 Context: 60.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-45) Orión EU Critical Minerals Project · zirconium dioxide Historical result Needs review: historical\_restatement #### 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 factor: Overall resource for zirconium dioxide is substantial. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. - Negative factor: Significant portion of the total resource is in the Inferred category. Evidence · table > 3.06 Context: 60.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-46) Orión EU Critical Minerals Project · hafnium dioxide Historical result Needs review: historical\_restatement #### 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 factor: Overall resource for hafnium dioxide is substantial. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. - Negative factor: Significant portion of the total resource is in the Inferred category. Evidence · table > 624 Context: 60.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-47) Orión EU Critical Minerals Project · total rare earth oxides Historical result Needs review: historical\_restatement #### 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 factor: Overall resource for total rare earth oxides is substantial. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. - Negative factor: Significant portion of the total resource is in the Inferred category. Evidence · table > 6,274 Context: 60.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-48) Orión EU Critical Minerals Project · neodymium praseodymium Historical result Needs review: historical\_restatement #### 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 factor: Overall resource for neodymium praseodymium is substantial. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. - Negative factor: Significant portion of the total resource is in the Inferred category. Evidence · table > 1,710 Context: 60.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-49) Orión EU Critical Minerals Project · dysprosium terbium Historical result Needs review: historical\_restatement #### 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 factor: Overall resource for dysprosium terbium is substantial. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. - Negative factor: Significant portion of the total resource is in the Inferred category. Evidence · table > 91 Context: 60.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-50) Orión EU Critical Minerals Project · rutile Historical result Needs review: historical\_restatement #### 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 factor: Overall resource for rutile is substantial. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. - Negative factor: Significant portion of the total resource is in the Inferred category. Evidence · table > 7.8 Context: 60.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-51) Orión EU Critical Minerals Project · ilmenite Historical result Needs review: historical\_restatement #### 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 factor: Overall resource for ilmenite is substantial. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. - Negative factor: Significant portion of the total resource is in the Inferred category. Evidence · table > 3.0 Context: 60.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-52) Orión EU Critical Minerals Project · zircon Historical result Needs review: historical\_restatement #### 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 factor: Overall resource for zircon is substantial. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. - Negative factor: Significant portion of the total resource is in the Inferred category. Evidence · table > 4.5 Context: 60.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-53) Orión EU Critical Minerals Project · monazite Historical result Needs review: historical\_restatement #### 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 factor: Overall resource for monazite is substantial. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. - Negative factor: Significant portion of the total resource is in the Inferred category. Evidence · table > 0.9 Context: 60.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-54) Orión EU Critical Minerals Project · heavy minerals Historical result Needs review: historical\_restatement #### 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 factor: Overall resource for heavy minerals is substantial. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. - Negative factor: Significant portion of the total resource is in the Inferred category. Evidence · table > 16.2 Context: 60.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-55) Orión EU Critical Minerals Project · titanium dioxide Historical result Needs review: historical\_restatement #### 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 factor: High grade for titanium dioxide in Measured category within the High-grade Main Seam. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 12.14 Context: 2.0 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-56) Orión EU Critical Minerals Project · zirconium dioxide Historical result Needs review: historical\_restatement #### 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 factor: High grade for zirconium dioxide in Measured category within the High-grade Main Seam. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 4.18 Context: 2.0 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-57) Orión EU Critical Minerals Project · hafnium dioxide Historical result Needs review: historical\_restatement #### 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 factor: High grade for hafnium dioxide in Measured category within the High-grade Main Seam. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 848 Context: 2.0 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-58) Orión EU Critical Minerals Project · total rare earth oxides Historical result Needs review: historical\_restatement #### 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 factor: High grade for total rare earth oxides in Measured category within the High-grade Main Seam. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 8,595 Context: 2.0 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-59) Orión EU Critical Minerals Project · neodymium praseodymium Historical result Needs review: historical\_restatement #### 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 factor: High grade for neodymium praseodymium in Measured category within the High-grade Main Seam. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 2,364 Context: 2.0 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-60) Orión EU Critical Minerals Project · dysprosium terbium Historical result Needs review: historical\_restatement #### 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 factor: High grade for dysprosium terbium in Measured category within the High-grade Main Seam. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 124 Context: 2.0 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-61) Orión EU Critical Minerals Project · rutile Historical result Needs review: historical\_restatement #### 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 factor: High grade for rutile in Measured category within the High-grade Main Seam. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 10.1 Context: 2.0 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-62) Orión EU Critical Minerals Project · ilmenite Historical result Needs review: historical\_restatement #### 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 factor: High grade for ilmenite in Measured category within the High-grade Main Seam. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 3.8 Context: 2.0 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-63) Orión EU Critical Minerals Project · zircon Historical result Needs review: historical\_restatement #### 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 factor: High grade for zircon in Measured category within the High-grade Main Seam. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 6.2 Context: 2.0 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-64) Orión EU Critical Minerals Project · monazite Historical result Needs review: historical\_restatement #### 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 factor: High grade for monazite in Measured category within the High-grade Main Seam. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 1.2 Context: 2.0 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-65) Orión EU Critical Minerals Project · heavy minerals Historical result Needs review: historical\_restatement #### 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 factor: High grade for heavy minerals in Measured category within the High-grade Main Seam. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 21.4 Context: 2.0 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-66) Orión EU Critical Minerals Project · titanium dioxide Historical result Needs review: historical\_restatement #### 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 factor: Good grade for titanium dioxide in Indicated category within the High-grade Main Seam. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 10.86 Context: 11.9 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-67) Orión EU Critical Minerals Project · zirconium dioxide Historical result Needs review: historical\_restatement #### 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 factor: Good grade for zirconium dioxide in Indicated category within the High-grade Main Seam. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 3.66 Context: 11.9 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-68) Orión EU Critical Minerals Project · hafnium dioxide Historical result Needs review: historical\_restatement #### 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 factor: Good grade for hafnium dioxide in Indicated category within the High-grade Main Seam. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 739 Context: 11.9 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-69) Orión EU Critical Minerals Project · total rare earth oxides Historical result Needs review: historical\_restatement #### 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 factor: Good grade for total rare earth oxides in Indicated category within the High-grade Main Seam. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 7,614 Context: 11.9 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-70) Orión EU Critical Minerals Project · neodymium praseodymium Historical result Needs review: historical\_restatement #### 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 factor: Good grade for neodymium praseodymium in Indicated category within the High-grade Main Seam. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 2,077 Context: 11.9 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-71) Orión EU Critical Minerals Project · dysprosium terbium Historical result Needs review: historical\_restatement #### 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 factor: Good grade for dysprosium terbium in Indicated category within the High-grade Main Seam. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 110 Context: 11.9 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-72) Orión EU Critical Minerals Project · rutile Historical result Needs review: historical\_restatement #### 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 factor: Good grade for rutile in Indicated category within the High-grade Main Seam. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 9.1 Context: 11.9 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-73) Orión EU Critical Minerals Project · ilmenite Historical result Needs review: historical\_restatement #### 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 factor: Good grade for ilmenite in Indicated category within the High-grade Main Seam. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 3.4 Context: 11.9 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-74) Orión EU Critical Minerals Project · zircon Historical result Needs review: historical\_restatement #### 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 factor: Good grade for zircon in Indicated category within the High-grade Main Seam. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 5.4 Context: 11.9 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-75) Orión EU Critical Minerals Project · monazite Historical result Needs review: historical\_restatement #### 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 factor: Good grade for monazite in Indicated category within the High-grade Main Seam. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 1.1 Context: 11.9 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-76) Orión EU Critical Minerals Project · heavy minerals Historical result Needs review: historical\_restatement #### 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 factor: Good grade for heavy minerals in Indicated category within the High-grade Main Seam. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 19.0 Context: 11.9 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-77) Orión EU Critical Minerals Project · titanium dioxide Historical result Needs review: historical\_restatement #### 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 factor: Combined Measured and Indicated resource for titanium dioxide within the High-grade Main Seam. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 11.05 Context: 13.8 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-78) Orión EU Critical Minerals Project · zirconium dioxide Historical result Needs review: historical\_restatement #### 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 factor: Combined Measured and Indicated resource for zirconium dioxide within the High-grade Main Seam. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 3.74 Context: 13.8 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-79) Orión EU Critical Minerals Project · hafnium dioxide Historical result Needs review: historical\_restatement #### 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 factor: Combined Measured and Indicated resource for hafnium dioxide within the High-grade Main Seam. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 755 Context: 13.8 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-80) Orión EU Critical Minerals Project · total rare earth oxides Historical result Needs review: historical\_restatement #### 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 factor: Combined Measured and Indicated resource for total rare earth oxides within the High-grade Main Seam. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 7,753 Context: 13.8 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-81) Orión EU Critical Minerals Project · neodymium praseodymium Historical result Needs review: historical\_restatement #### 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 factor: Combined Measured and Indicated resource for neodymium praseodymium within the High-grade Main Seam. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 2,118 Context: 13.8 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-82) Orión EU Critical Minerals Project · dysprosium terbium Historical result Needs review: historical\_restatement #### 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 factor: Combined Measured and Indicated resource for dysprosium terbium within the High-grade Main Seam. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 112 Context: 13.8 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-83) Orión EU Critical Minerals Project · rutile Historical result Needs review: historical\_restatement #### 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 factor: Combined Measured and Indicated resource for rutile within the High-grade Main Seam. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 9.2 Context: 13.8 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-84) Orión EU Critical Minerals Project · ilmenite Historical result Needs review: historical\_restatement #### 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 factor: Combined Measured and Indicated resource for ilmenite within the High-grade Main Seam. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 3.5 Context: 13.8 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-85) Orión EU Critical Minerals Project · zircon Historical result Needs review: historical\_restatement #### 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 factor: Combined Measured and Indicated resource for zircon within the High-grade Main Seam. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 5.6 Context: 13.8 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-86) Orión EU Critical Minerals Project · monazite Historical result Needs review: historical\_restatement #### 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 factor: Combined Measured and Indicated resource for monazite within the High-grade Main Seam. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 1.1 Context: 13.8 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-87) Orión EU Critical Minerals Project · heavy minerals Historical result Needs review: historical\_restatement #### 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 factor: Combined Measured and Indicated resource for heavy minerals within the High-grade Main Seam. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. Evidence · table > 19.3 Context: 13.8 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-88) Orión EU Critical Minerals Project · titanium dioxide Historical result Needs review: historical\_restatement #### 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 factor: Good grade for titanium dioxide in Inferred category within the High-grade Main Seam. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 10.00 Context: 35.9 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-89) Orión EU Critical Minerals Project · zirconium dioxide Historical result Needs review: historical\_restatement #### 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 factor: Good grade for zirconium dioxide in Inferred category within the High-grade Main Seam. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 3.30 Context: 35.9 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-90) Orión EU Critical Minerals Project · hafnium dioxide Historical result Needs review: historical\_restatement #### 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 factor: Good grade for hafnium dioxide in Inferred category within the High-grade Main Seam. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 665 Context: 35.9 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-91) Orión EU Critical Minerals Project · total rare earth oxides Historical result Needs review: historical\_restatement #### 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 factor: Good grade for total rare earth oxides in Inferred category within the High-grade Main Seam. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 6,901 Context: 35.9 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-92) Orión EU Critical Minerals Project · neodymium praseodymium Historical result Needs review: historical\_restatement #### 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 factor: Good grade for neodymium praseodymium in Inferred category within the High-grade Main Seam. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 1,884 Context: 35.9 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-93) Orión EU Critical Minerals Project · dysprosium terbium Historical result Needs review: historical\_restatement #### 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 factor: Good grade for dysprosium terbium in Inferred category within the High-grade Main Seam. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 100 Context: 35.9 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-94) Orión EU Critical Minerals Project · rutile Historical result Needs review: historical\_restatement #### 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 factor: Good grade for rutile in Inferred category within the High-grade Main Seam. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 8.3 Context: 35.9 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-95) Orión EU Critical Minerals Project · ilmenite Historical result Needs review: historical\_restatement #### 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 factor: Good grade for ilmenite in Inferred category within the High-grade Main Seam. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 3.2 Context: 35.9 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-96) Orión EU Critical Minerals Project · zircon Historical result Needs review: historical\_restatement #### 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 factor: Good grade for zircon in Inferred category within the High-grade Main Seam. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 4.9 Context: 35.9 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-97) Orión EU Critical Minerals Project · monazite Historical result Needs review: historical\_restatement #### 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 factor: Good grade for monazite in Inferred category within the High-grade Main Seam. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 1.0 Context: 35.9 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-98) Orión EU Critical Minerals Project · heavy minerals Historical result Needs review: historical\_restatement #### 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 factor: Good grade for heavy minerals in Inferred category within the High-grade Main Seam. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 17.4 Context: 35.9 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-99) Orión EU Critical Minerals Project · titanium dioxide Historical result Needs review: historical\_restatement #### 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 factor: Overall resource for titanium dioxide within the High-grade Main Seam is substantial. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. - Negative factor: Significant portion of the total resource is in the Inferred category. Evidence · table > 10.29 Context: 49.7 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-100) Orión EU Critical Minerals Project · zirconium dioxide Historical result Needs review: historical\_restatement #### 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 factor: Overall resource for zirconium dioxide within the High-grade Main Seam is substantial. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. - Negative factor: Significant portion of the total resource is in the Inferred category. Evidence · table > 3.42 Context: 49.7 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-101) Orión EU Critical Minerals Project · hafnium dioxide Historical result Needs review: historical\_restatement #### 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 factor: Overall resource for hafnium dioxide within the High-grade Main Seam is substantial. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. - Negative factor: Significant portion of the total resource is in the Inferred category. Evidence · table > 690 Context: 49.7 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-102) Orión EU Critical Minerals Project · total rare earth oxides Historical result Needs review: historical\_restatement #### 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 factor: Overall resource for total rare earth oxides within the High-grade Main Seam is substantial. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. - Negative factor: Significant portion of the total resource is in the Inferred category. Evidence · table > 7,139 Context: 49.7 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-103) Orión EU Critical Minerals Project · neodymium praseodymium Historical result Needs review: historical\_restatement #### 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 factor: Overall resource for neodymium praseodymium within the High-grade Main Seam is substantial. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. - Negative factor: Significant portion of the total resource is in the Inferred category. Evidence · table > 1,949 Context: 49.7 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/osm-osmond-confirms-arrival-of-second-drill-rig--95862b54-cd9e-4a29-9670-11db45a8e37a#fact-resource-facts-104) Orión EU Critical Minerals Project · dysprosium terbium Historical result Needs review: historical\_restatement #### 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 factor: Overall resource for dysprosium terbium within the High-grade Main Seam is substantial. - Positive factor: JORC 2012 compliant with QP sign-off. - Positive factor: QA/QC procedures disclosed and certified labs used. - Negative factor: Significant portion of the total resource is in the Inferred category. Evidence · table > 103 Context: 49.7 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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.