The company now has two drill holes, just 27 metres apart, which have both punched into the same powerful mineralised layer. Together, the results show matching grades and geology – the two ingredients needed to kick off early resource calculations and to start running the numbers on the economics of a potential future standalone development.
Five holes have now been drilled for a total of 1,672.7 metres, with a sixth on the go now. Every hole so far has cut into the main Pochico Formation quartzites, with the newest assays confirming the really rich material sits in the main primary layer.
Management says other quartzite layers were also intersected, although they are thinner and lower grade, highlighting the importance of targeting the thick, heavy-mineral zone as drilling steps out.
With assay turnaround now running at two to three weeks, the company says it expects a steady stream of news across the coming months. A resource estimate, scoping study and flow-sheet development have been pencilled in for the first half of calendar 2026.
For Osmond, the timing could hardly be better. China’s export bans on critical minerals have kicked Europe into high gear, with governments now desperate to secure their own supplies.
That shift has opened the door to new funding, fast-tracked approvals and strong political support, with Osmond looking well placed to take advantage. Titanium, zircon and rare earths all rank near the top of Europe’s critical minerals priority list.
Under the EU’s new Critical Raw Materials Act, Brussels wants 10 per cent of its mineral supply to be mined within Europe, 40 per cent processed locally, 25 per cent recycled and no more than 65 per cent coming from any one non-EU country. It’s a big ask and discoveries such as Osmond’s would be the panacea for any pain that policy might cause.
For now though, the latest results appear to have delivered the perfect dose of grade and continuity, giving Osmond the confidence it needs to push its remarkable Spanish discovery squarely into the frame as a potential globally significant titanium, zircon and rare earths project.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
