Osmond Resources Reports High-Grade Critical Mineral Results at Spain Project; Shares Up 3%

MT Newswires Live

Jul 16

Osmond Resources (ASX:OSM) reported critical minerals drilling assay results from its Orión EU Critical Mineral Project in Spain, according to a Thursday Australian bourse filing.

The results were up to 5.7 meters at about 11% titanium dioxide (TiO2), 3.8% zirconium dioxide (ZrO2), 815 parts per million (ppm) hafnium dioxide (HfO2) and 0.8% total rare earth oxide (TREO), including 0.2% magnet rare earth oxide from 209.7 meters, including 2.1 meters at nearly 13% TiO2, 4.6% ZrO2, 969 ppm HfO2 and 0.9% TREO from 210 meters.

Drill hole assay results from the Southern Block are anticipated to have a material impact on the mineral resource estimate and scoping study metrics, the filing added.

The company's shares rose nearly 3% in recent Thursday trade.

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