Osmond Resources' Orión Project: EU's First Rare Earths Producer

0:00Osmond Resources is wrapping up its Orion project in southern Spain to become the European Union's first producer of rare earths, titanium and zirconium minerals. They're designing modular processing plants, each handling 2 million metric tons of run of mine ore per year, starting with concentrates to keep. Start-up costs low and scaling as they explore the 228 square kilometer site. To back this up, they've shipped two tons of outcrop samples for lab tests aimed at perfecting concentrates separation, with more samples on the way. This flow sheet work sets the stays for efficient production right from the jump. Europe currently imports all its titanium, zirconium, half-neum and rare earths, making projects like Orion a game changer amid urgent EU policies, pushing for local supply. Once running, it'll be the block's only source for these critical materials, cutting that heavy reliance. On the drilling front, they bump their second program to 14 holes, targeting a high-grade

1:01zone extending west from past hits, with rigs, spinning soon and first assays this quarter. Meanwhile, partner Technicas Reunitus is reviewing pre-feasibility for mixed rare earth carbonate from monosite, plus neodymium-prasiodimium oxide. Production key for EV motors and wind turbines, both wrapping in September. Cosmine holds 51% now, but jumps to 76% post-study, with talks on titanium and other downstream plays heating up. With samples on route, drills primed and studies rolling, this Spanish story is gaining real traction toward a second half scoping study. I'm Corey with the story, and you've been listening to Sydney News today, AI-powered local news.