First three holes provide Osmond Resources with confidence in Spanish MRE upgrade

• First three drill holes completed in current phase of drilling

• Prospective Pochico Formation quartzites intersected in all drill holes

• Drilling further strengthens confidence in potential for upgrade of mineral resource estimate

 • Drilling to be fast tracked with three drill rigs on site

Osmond Resources (ASX: OSM) has obtained positive initial results for phase two drilling at the Orión EU critical minerals project in southern Spain.

Orión is the flagship project for the company in its aspirations to become the EU’s first producer of monazite (rare earths), zircon (zirconium / hafnium) and titanium minerals. The broader project comprises 772 Spanish mining units covering approximately 232 sq. kn

 The maiden mineral resource estimate (MRE) of 60 million tonnes (Mt) at 9.39% TiO2, 3.06% ZrO2, 624 ppm HfO2 and 6,274 ppm TREO (1,801 ppm MREO) covers an area of 7.9 sq. km in the Avellanar area, within the broader 86.13 sq. km Orión investigation permit.

Drilling recommenced at Orión on 7 October 2026 following the summer break. Three drill holes have now been completed with the fourth and fifth drill holes currently underway.

 The three completed drill holes were collared from preexisting drill sites. he objective of drilling at these sites is to increase confidence in the MRE in this area which is currently classified in the Inferred category.

To date the company has been able to confirm that the prospective Pochico Formation quartzites have been intersected in all three drill holes, The depths of the prospective layer are comparable to adjacent drill holes collared at the same locations.

 To further expedite the current drill program and MRE upgrade, Osmond has mobilised a third drill rig to site.

OSM was steady at 0.50,5¢. Mkt cap $113M.

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