Osmond Resources: Europe's New Mineral Source

0:00It's March 26th. You're listening to Sydney News today, AI-powered local news. I'm Cory with the story. Osmond Resources grab attention at the Swiss Mining Institute conference in Zurich, spotlighting their Orion project in southern Spain. This ASX listed explorer is targeting Rutao, Zircon, and Rare Earth-rich monocyte. Three key minerals Europe needs for tech and industry. Europe extracts none of these materials right now, depending fully on imports that could face disruptions. The EU's critical raw materials act aims to change that, pushing for 10% local extraction by 2030. Early drilling at Orion uncovered high grades in a vast 228 square kilometer area of ancient coastal deposits turned quartzite. One seam hit 13% Rutao and 8% Zircon over 3 meters. Test work on samples confirms straightforward processing for premium concentrates with strong Rare Earth recoveries. Osmond also inked a deal with Spanish engineering firm. As Reunitus, to license tech for on-site refining.

1:02Drilling restarts this month to outmine a first resource, while a sculpting study comes in the second half of the year. Osmond's moves line up perfectly with Europe's rush to secure its own supplies.