Rare Earths Mining News in Spain

Osmond Resources Ltd
Osmond Resources Ltd
OSM
Spain

OSM: Osmond Confirms Arrival of Second Drill Rig

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.

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Osmond Resources Limited
Osmond Resources Limited
OSM
Jaén Province, Andalucía, Southern Spain

OSM: OSM - Corporate Presentation - October 2026

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

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