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Osmond Resources Limited ( (AU:OSM) ) just unveiled an update.
Osmond Resources Limited announced that its first drill hole at the Orión EU Critical Minerals Project has successfully intersected the targeted prospective stratigraphy, specifically the Ordovician Pochico Formation. This development is significant as the formation is known to contain layers enriched in heavy minerals, crucial for strategic mineral supply. The company plans to fast-track the assaying of a highly prospective 3.4-meter sequence and expects to confirm the grade by the end of October 2025. The initiation of additional drill holes with a second rig is underway, potentially enhancing the project’s output and impact on the critical minerals market.
More about Osmond Resources Limited
Osmond Resources Limited is a company operating in the mining industry, focusing on the exploration and development of critical and strategic minerals. The company is engaged in projects that target heavy minerals such as rutile, zircon, and monazite, with a market focus on supplying these essential resources.
Average Trading Volume: 175,409
Technical Sentiment Signal: Buy
Current Market Cap: A$117M
For an in-depth examination of OSM stock, go to TipRanks’ Overview page.