Osmond Resources has travelled a long way - literally and strategically - since listing on the ASX in 2022. Once a uranium, nickel and gold explorer in South Australia, the company has since executed a decisive pivot and now sits in the middle of a fast-evolving European critical minerals story, anchored by its monster Orion heavy minerals project in southern Spain.

That shift is now turning heads. A research note released this week by Evolution Capital described Osmond’s recently acquired Spanish Orion project as “amongst the highest grade undeveloped critical minerals systems globally”, which is no small beer.

Taking a few steps back, the original rethink for Osmond began in mid-2023. While reviewing its domestic portfolio, the company decided to quietly start building optionality offs

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