Workflow
Allied Critical Metals Intersects 12 Metres of 4.27% Tungsten (WO3) Incl. 6 Metres of 8.39% Tungsten (WO3) at Its 100% Owned Borralha Tungsten Project in Northern Portugal
Newsfileยท2025-09-04 11:30

Core Insights - Allied Critical Metals Inc. has reported significant drilling results from its Borralha Tungsten Project, with drill hole Bo_RC_14/25 intersecting 12.0 metres at 4.27% WO3, including 6.0 metres at 8.39% WO3, marking one of the highest-grade tungsten intercepts in Western exploration [4][12][24] - The tungsten price has reached a new high of $545 USD/MTU, reflecting a 40% increase over the past four months due to rising demand and supply chain restrictions from non-Western countries [2][4] Company Developments - The ongoing 4,200-metre Reverse Circulation drill program at Borralha is aimed at updating the Mineral Resource Estimate (MRE) and conducting advanced metallurgical testing, with a Preliminary Economic Assessment (PEA) targeted for completion later this year [1][3][24] - As of July 30, 2025, approximately 2,500 metres of drilling have been completed across nine drill holes, with operations resuming on September 1, 2025, after a temporary pause due to seasonal fire safety restrictions [3][28] Technical Progress - The drilling program has confirmed the presence of high-grade tungsten mineralization, with visual observations of wolframite supporting the interpretation of a potentially enriched corridor within the breccia-hosted system [7][12] - The company plans to complete an additional 1,528 metres of drilling in the fourth quarter of 2025 to build on the successes achieved in July [1][27] Strategic Positioning - The Borralha Project is positioned as a critical asset for Western countries' strategic raw material supply, especially as tungsten is designated a Critical and Strategic Raw Material by both the European Union and the United States [24][32] - The project addresses supply vulnerabilities amid rising global demand and constrained Chinese exports, making it a key player in supporting defense readiness and other critical sectors [24][31]