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Osmond Resources Advances Spain Critical Minerals Project, Scoping Study on Track for Q3; Shares Up 13%

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Osmond Resources (ASX:OSM) said a scoping study for its Orión EU Critical Minerals Project in Spain remains on track for completion in the third quarter of the year, with plant design and expected product mix substantially completed, according to a Friday Australian bourse filing.

The company said it has started drilling on two additional holes designed to target extensions of the high-grade area in the roughly 10-square-kilometer Zone 1 Resource Target Area, with results expected to contribute to the mineral resource estimate supporting the scoping study.

The company's shares rose past 13% in recent Friday trade.

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