Overview of Osmond Resources' uranium discovery

Osmond Resources Limited (ASX: $OSM) has identified priority uranium target areas, including palaeo-channel margins, at the Fowler Project in South Australia. The company's geologists have reviewed regional gravity data and historical drilling to propose a uranium target area, with the Hiltaba granite intrusions being a likely source for the uranium mineralisation. Historical mineralised intercepts have reported uranium values up to 300ppm within 30m of the surface and along palaeo-channel margins, presenting an exciting exploration target. Osmond Resources is currently in negotiations with the Far West Coast Aboriginal Corporation (FWCAC) to meet access requirements for native title land exploration, with plans to conclude an exploration agreement by mid-2024.

Executive commentary on uranium discovery

The discovery of priority uranium target areas, particularly the identification of palaeo-channel margins, marks a significant milestone for Osmond Resources. The company's focus on resampling historical drill holes for chemical assay for uranium and rare earths elements, along with ongoing negotiations for native title access agreements, reflects our commitment to responsible and thorough exploration practices. We are optimistic about the potential for uranium mineralisation within the identified target areas and look forward to advancing our exploration programs for 2024.

Summary of Osmond Resources' uranium discovery and outlook

Osmond Resources' identification of priority uranium target areas, particularly the palaeo-channel margins, presents a promising opportunity for uranium mineralisation within the Fowler Project in South Australia. The company's engagement with the FWCAC for access negotiations and plans to conclude an exploration agreement by mid-2024 demonstrate a proactive approach to fulfilling access requirements for native title land exploration. With ongoing efforts to review historical drilling data and resample drill holes for chemical assay, Osmond Resources is positioned to advance its exploration programs and capitalize on the potential for uranium and rare earths elements. The company's commitment to responsible exploration practices and the identification of significant uranium potential underscore its dedication to increasing shareholder wealth through the exploration and acquisition of mineral resource projects.