🚀 Osmond Resources Secures Orión Permit – Maiden Drilling Imminent at EU Critical Minerals Project
Osmond Resources Limited (ASX: OSM) has confirmed the official award of the Orión Investigation Permit (Reg No. 16271), unlocking 85.6km² of prime ground at the Orión EU Critical Minerals Project in Spain. This milestone paves the way for the maiden 15-hole drilling program, set to commence this quarter.
💡 Key Highlights:
✅ Orión Permit Awarded – covering 85.6km² of highly prospective ground. ✅ 15-hole Drilling Program to kick off this quarter. ✅ Acquisition of 80% of Iberian Critical Minerals Pty Ltd to be finalised shortly. ✅ Iberian Critical Minerals owns 100% of Omnis Mineria SL, which holds 75.5% of Orión Project, with the right to move to 95% post-Scoping Study. ✅ Remaining 5% may be acquired via royalty buyout of US$750k. ✅ Two flexible milestone-based tranches (42.5M shares each) allow structured project progression.
🛠️ Strategic Path Forward:
With the permit awarded and acquisition close to completion, Osmond is positioned to fast-track the Orión Project – one of Europe’s most exciting critical mineral opportunities.
📊 Investor Outlook:
With OSM trading at $0.084, the award of the Orión Investigation Permit marks a strategic step forward—unlocking immediate drilling and setting the stage for potential resource definition in a key EU critical minerals jurisdiction. The milestone-based acquisition structure minimises dilution and aligns with shareholder value creation, while the project’s location and scale position Osmond as a standout early mover in Europe’s push for critical mineral security.
🔗 Read More: https://colitco.com/osmond-prepares-to-launch-maiden-drill-program-spain/
📢 This is not an investment advise, please do your own research for any investment decisions.













