Core Viewpoint - Allied Critical Metals Inc. has announced significant assay results from its ongoing drilling campaign at the Borralha Tungsten Project, indicating the Santa Helena Breccia is emerging as a larger and higher-grade orebody than previously modeled [1][3][4] Company Developments - The company is conducting a 4,200 meters reverse circulation drilling campaign at the Borralha Tungsten Project, with plans for an additional 1,528 meters of drilling in Q4 2025 [1][4] - Recent drill results have extended mineralization both west and north of previously reported high-grade intercepts, suggesting a larger and higher-grade Breccia complex [1][4][12] - The CEO highlighted the potential of Borralha as a strategic source of tungsten for Portugal, the EU, and NATO, emphasizing the importance of the upcoming Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) [3][5] Industry Context - Tungsten prices have reached a new high of U.S.$550/MTU, reflecting a more than 40% increase over the past four months due to rising demand and supply chain restrictions from non-Western countries [2] - The European Union recognizes tungsten as a critical and strategic raw material, with the Borralha Project positioned to help meet the EU's target of sourcing at least 10% of its critical raw materials domestically by 2030 [5][24] - The U.S. and NATO defense sectors are heavily reliant on tungsten, making the Borralha Project a vital component of critical mineral supply chains [5][24] Drilling Results - The latest drill results include significant intervals such as 100.0 meters at 0.21% WO₃ from drill hole Bo_RC_17/25, indicating a bulk-mineable medium-grade core with well-defined high-grade corridors [4][7] - Drill hole Bo_RC_14/25 previously reported 12.0 meters at 4.27% WO₃, including 6.0 meters at 8.39% WO₃, showcasing the high-grade potential of the project [4][7] - The drilling program is expanding the footprint of the Breccia complex, with new northern deep lode identified for resource growth [5][12] Future Plans - The company plans to continue drilling to target west-deep and northern extensions while tightening spacing across the MRE backbone, with additional assays to be released as they are validated [14] - The timeline is aligned with an updated MRE expected in Q4 2025, followed by a PEA [14]

Core Insights - Desert Gold Ventures Inc. has announced a positive Preliminary Economic Assessment (PEA) for its SMSZ Gold Project in Mali, highlighting a robust economic outlook with an after-tax NPV of USD $24 million and an IRR of 34% at a gold price of USD $2,500 per ounce [1][3][10]. Project Overview - The SMSZ Gold Project includes the Barani and Gourbassi deposits, with a projected production capacity of approximately 18,300 tonnes per month, translating to 220,000 tonnes per annum over a mine life exceeding 17 years [2][5]. - The PEA indicates a total of 113,500 ounces of gold contained, with an estimated recovery of 97,600 ounces through a gravity and CIL processing method, achieving an average metallurgical recovery of 86% [3][25]. Financial Metrics - At a gold price of USD $2,500 per ounce, the project yields an after-tax NPV (10%) of USD $24 million, an IRR of 34%, and a payback period of 3.25 years [3][10]. - If the gold price rises to USD $3,366, the after-tax NPV increases to USD $54 million, with an IRR of 64% and a payback period of 2.5 years [4][10]. Capital and Operating Costs - The initial capital expenditure is estimated at USD $15 million, with sustaining capital costs projected at USD $9 million over the life of the mine [7][19]. - The all-in sustaining cost (AISC) is estimated at USD $1,352 per ounce, with total cash costs at USD $34.80 per tonne processed [22][24]. Production and Resource Estimates - Average annual gold production is estimated at 5,500 ounces, with total payable gold production projected at approximately 97,600 ounces across both deposits [16][25]. - The total Measured and Indicated (M&I) Resources stand at 11.12 million tonnes grading 0.94 g/t Au for 336,800 ounces, while Inferred Resources total 27.16 million tonnes grading 1.01 g/t Au for 879,900 ounces [27][28]. Mining and Processing Plan - The mining plan is structured in two phases, starting with open-pit operations at Barani East and transitioning to Gourbassi, utilizing a modular processing plant to minimize initial capital costs [5][20]. - The project is designed for conventional open-pit mining methods, targeting shallow oxide and transitional materials, with no underground mining planned at this stage [34][35]. Next Steps - The company is in advanced discussions with potential partners for funding to commence construction at Barani East and is evaluating various funding options [64]. - Additional geotechnical work and new drill programs are being planned to optimize the pit design and expand existing gold zones [66].

Core Insights - Critical Metals Corp. has released historical deep diamond drill hole results from the Tanbreez Project in Greenland, indicating significant potential for high-grade rare earth elements (REE) and other critical minerals [1][9][40]. Drill Hole Results - Drill Hole DX-02 intersected high-grade rare earths averaging 4733ppm (0.47% TREO) with 28% heavy rare earth oxides (HREO) over a depth of 328m [6][14]. - Drill Hole D306-13 showed an average of 4211ppm (0.42% TREO) with 24% HREO over a depth of 195m [6][14]. - The average mineralization across the reported drill holes is approximately 0.45% TREO, containing an average of 26% HREO [24][15]. Resource Estimates - The current Mineral Resource Estimate (MRE) for the Tanbreez Project is approximately 45 million tonnes (MT) at 0.38% TREO, consisting of 19.5MT inferred and 25.4MT indicated resources [12][32]. - The company is planning resource drilling to extend and grow the existing MRE, targeting the Fjord and Hill Zone deposits [29][34]. Economic Potential - The Preliminary Economic Assessment for the Tanbreez Project indicates a Net Present Value (NPV) of approximately $2.8 billion to $3.6 billion and an Internal Rate of Return (IRR) of 180% before tax [9][39]. - The project is gaining significant interest from Western governments due to its strategic importance in the supply of critical minerals [9][40]. Future Plans - The company is preparing for a 2025 resource drilling program, with mobilization of crews to Greenland expected in mid-to-late June [29][36]. - The company is also re-assaying historical samples to confirm and reconcile assay results from previous drilling campaigns [36][37].