Osmond's Orion Project: Europe's Rare Earths Solution
Sydney News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Osmond Resources, an ASX-listed junior explorer, showcased its Orion project in southern Spain at the Swiss Mining Institute conference. This project holds significant potential for three key minerals: titanium-rich rutile, zircon, and rare earths from monazite. These minerals are crucial for tech advancements like humanoid robots. Early results indicate high grades in a vast area of two hundred twenty-eight square kilometers. Europe currently imports all these materials, and with the predicted surge in robot sales, demand for these minerals could increase dramatically. The projects location in an ancient beach deposit turned quartzite, with flat layers of heavy minerals, is advantageous. The European Critical Raw Materials Act further boosts such sites by expediting permits, funding, and deals. Recent drilling has confirmed thick, high-grade hits, and lab tests have shown easy processing, yielding strong concentrates for zircon and rare earths in monazite. Osmond Resources now plans a scoping study for quick concentrate sales and downstream processing via a deal with Spanish firm Técnicas Reunidas, aiming to make Europe self-sufficient in rare earths as robot demand surges.
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