Update on Osmond Resources Limited's progress at Iberian One Project and South Australian Projects

Osmond Resources Limited (ASX: $OSM) has provided an update on the progress of confirmatory drilling at the Iberian One Project in Spain. The company has completed 4 out of the 5 planned holes ahead of schedule, despite challenging weather conditions. The project is prospective for the production of Sulphate of Potash (SOP) and other valuable minerals. Osmond has also made progress in South Australia with the interpretation of geophysical data and the submission of historic drill samples for uranium analysis.

Executive Commentary on Progress at Iberian One Project and South Australian Projects

We are happy to report on the progress made at the Iberian One Project in Spain. Despite challenging weather conditions, the drilling work is advancing quickly, and we are optimistic about the potential for Sulphate of Potash production and other valuable minerals. In South Australia, we have identified high-priority targets for geophysics surveys and have commenced designing the necessary environmental approvals required to access the area. We have also gathered samples from historic drill holes for uranium analysis, and we are expecting the results in the next 4-6 weeks.

Summary of Osmond Resources' Announcement

Osmond Resources Limited (ASX: $OSM) has made significant progress at the Iberian One Project in Spain, with confirmatory drilling ahead of schedule and the project showing potential for the production of Sulphate of Potash (SOP) and other valuable minerals. In South Australia, the company has identified high-priority targets for geophysics surveys and is working on obtaining the necessary environmental approvals for drilling. Additionally, Osmond has elected not to proceed with the Salt Wells Lithium and Boron Project in the USA due to market conditions and infrastructure limitations. The company's focus on advancing its projects in Spain and South Australia demonstrates its commitment to exploration and development of mineral resource projects.