OSM - Osmond Resources

[System]

Osmond Resources is an early-stage mineral exploration and development company focused on gold and base metals discoveries within projects located in South Australia and Victoria. The Company has secured agreements in respect of several tenements that are considered highly prospective for gold, copper, nickel, and rare earth elements (REE) with Fowler Resources Pty Ltd and with Kimba Resources Pty Ltd.

The Company’s Projects are focused on exploration for gold, nickel, copper, and rare earth elements (REE) within the highly prospective Fowler Domain and Nuyts Domain, both within the Gawler Craton in South Australia as well as western Victoria. Currently, the Company has interests in 5 Projects:

Yumbarra Project

South Australia (EL6417)

• Located in the western Eyre Peninsula region of South Australia within the Nuyts Domain of the Gawler Craton
• Contains a highly magnetic feature that is interpreted as a layered ultramafic intrusive
• Limited historical exploration undertaken on the Tenement, with the focus of past exploration on nickel and mineral sands

Fowler Project

South Australia (EL6603 & EL6604)

• Two adjoining tenements located on the eastern margin of the Fowler Domain in the far west of South Australia
• Have potential for Ni/Cu and Au mineralisation;
• Tenements are very remote and covered by sand dune fields, and as a result, the region has seen little exploration apart from regional scale mineral sand drilling focussing on the cover

Coorabie Shear Zone Project

South Australia (EL6692)

• Located on the eastern margin of the Fowler Domain in the far west of South Australia and is contiguous with the Fowler Tenements
• The area is prospective for nickel, copper and gold
• A deep mantle tapping structure has been identified in a regional Magnetotellurics (MT) survey

Tallacootra Project

South Australia (EL6615)

• Located on the western margin of the Fowler Domain in the far west of South Australia
• Has potential for Ni/Cu and Au mineralisation
• Limited modern exploration in the region due to prevailing cover and until recently, limited airborne geophysics

Sandford Project

Victoria (EL6958)

• Located in western Victoria, approximately 350km west of Melbourne
• Prospective for gold and base metals (copper, lead, silver, and zinc), as well as ionic REE clays and heavy mineral sands
• Historic exploration predominantly focused on greenstone sequences interpreted to be associated with identified base metal and nickel occurrences

It is anticipated that OSM will list on the ASX during April 2022.

Osmond Resources – Gold, nickel, copper, and rare earth elements explorer in the Gawler Craton, South Australia

osmondresources.com.au

 

[Dona Ferentes]

Listing date	14 April 2022 12:00 PM AEST##
Company contact details	Osmond Resources – Gold, nickel, copper, and rare earth elements explorer in the Gawler Craton, South Australia osmondresources.com.au Ph: + 61 08 9388 0051
Principal Activities	Mineral exploration and development
GICS industry group	TBA
Issue Price	AUD 0.20
Issue Type	Ordinary Fully Paid Shares
Security code	OSM
Capital to be Raised	$5,000,000
Expected offer close date	17 March 2022
Underwriter	Not underwritten. Canaccord Genuity Financial Limited (Lead Manager).

 

[Dona Ferentes]

since listing, trading between 17c and 26c; still about 21c.

Cash reserves as at 30 September 2022 of $4.251m

• Interpretation of existing geophysics data over South Australian projects identified emerging targets
• Reprocessing and interpretation of historical geophysical data identified multiple prospective AEM conductors in the core of the Yumbarra layered ultramafic intrusive, targeting nickel
• At Yumbarra a helicopter supported ground based gravity program over the AEM targets has been designed and awaiting permitting
• At the nearby Fowler Project interpretation of the existing geophysical data and design of a gravity survey is underway
• A number of new project opportunities have been presented to the Company and continue to be evaluated

Sandford Project, western Victoria
• All soil samples have been analysed with the handheld XRF; samples selected for more definitive laboratory assay
• Rare Earth Element, Vanadium/Cobalt and Zinc anomalism identified within the project area
• Zone of anomalous Rare Earth Elements across an approximately 18km x 4km area, with potential to expand around other smaller anomalous zones adjacent to larger central zone

 

[Dona Ferentes]

and a year on,

HIGHLIGHTS
Australian Projects
• Exploration plans accelerated after recent release of historical data covering parts of the Fowler and Yumbarra Projects (South Australia)
• New data includes geophysics (VTEM, MLEM, gravity), drilling and petrology
• Enables exploration program to become more targeted, saving up to 2 years on the previous exploration plan
• At the Yumbarra Project and Fowler Projects ground-based gravity surveys have been approved and contractor engaged.

Salt Wells lithium-borate Project, Nevada, USA
• Salt Wells Project has an attractive profile being located close to the town of Reno, infrastructure and potential customers.
• Sourcing and review of historical data continues with MT and previous drilling information located. MT data highlights prospective targets.
• Input from local experts on geology, hydrogeology, environmental and drilling has been invaluable in defining and fast tracking exploration program.
• Osmond aims to rapidly design an exploration program designed to define drilling targets in 2H CY2023. Weather delays continue to limit the on-ground activities.

Corporate
• The Company has cash reserves as at 30 September 2023 of $4.67m.
.
since listing

 

[Dona Ferentes]

and a year on ...

back after trading halt . All change (usual suspects).. as high as 23c, closed at 16.5c, up 135 per cent .
.
HIGHLIGHTS
• Staged acquisition of major EU Rutile, Zircon and Rare Earth Project agreed. Located in Jaén Province, Andalucía, Southern Spain
• Exceptional exploration results, including geochemical results from a 150kg bulk sample
• Total Heavy Metals in two of three samples over 30% (third sample 28%)
• Three-tranche staged acquisition with stages two and three at Osmond's sole election
• Supportive EU backdrop with new May 2024 EU Critical Minerals Legislation
• Titanium (Rutile), light and heavy rare earths all classified "strategic" critical minerals
• Acquisition subject to shareholder approval at AGM in November 2024
• Modest non brokered 10m share placement at 7c to be completed
• Experienced EU mining executive, Mr Anthony Hall appointed Managing Director and CEO, replacing Mr Andrew Shearer effective 9 September 2024
• Global industrial minerals expert, mining executive and corporate finance specialist, Mr Tolga Kumova appointed Strategic Advisor.

 

[Country Lad]

From a post elsewhere

I am assuming that there is little point looking at the small caps with a billion shares as it will take something significant to result in meaningful share price rise.
Only one so far - OSM but it has already started to run with their recent announcement and looks like a breakout a couple of days ago. Will post it later.

This is a follow on from the @Sean K post here. The announcement in @Dona Ferentes post above has lit is fuse under this one but according to my system it appears to be a recent breakout which could continue.
73.3 mil shares on issue, mc $27 mil

 

[qldfrog]

From a post elsewhere



This is a follow on from the @Sean K post here. The announcement in @Dona Ferentes post above has lit is fuse under this one but according to my system it appears to be a recent breakout which could continue.
73.3 mil shares on issue, mc $27 mil

View attachment 186154

Well my buy order entered sunday was left behind: +16%
I am out, not in a position to do proper study and check if i need to follow

 

[Country Lad]

Well my buy order entered sunday was left behind: +16%
I am out, not in a position to do proper study and check if i need to follow

I managed to buy on open (which I rarely do) on the assumption it has further to go.