Osmond Resources CEO Anthony Hall Tells REEx Podcast Spain's Orión Project Could Produce Rare Earths at Negative Net Cash Cost

Highlights

• Orión's scoping study projects a negative US$12.67 per tonne C1 cash cost after zircon and titanium by-product credits offset rare earth production expenses.
• The maiden JORC resource totals 60 million tonnes grading 6,274 ppm total rare earth oxides, including magnet-critical neodymium, praseodymium, dysprosium, and terbium.
• Osmond Resources estimates US$2.31 billion post-tax NPV and 145% IRR, though projections remain preliminary pending permitting, financing, and metallurgical validation.
• CEO Anthony Hall sees Spain's Andalucía region as a more practical near-term partner than Brussels for advancing Europe's critical mineral supply chain.
• A proposed partnership with Técnicas Reunidas could enable downstream processing, but commercial production and binding offtakes have yet to be secured.