Allied Critical Metals Announces Highlights from the 2023-24 Borralha Drill Program
Allied Critical Metals Announces Highlights
from the 2023-24 Borralha Drill Program
Highlights from 2023-24 Drill Program* include:
From Bo_RC_12:
5.79% WO
over 2.0 metres
(182-184m)
1.12% WO
over 4.0 metres
(246-250m, within 12m from 82m to 94m of 0.40%)
0.78% WO
over 12.0 metres
(82-94m, within 20m from 82m to 102m of 0.50%)
0.50% WO
over 20.0 metres
(82-102m)
From Bo_RC_11:
1.75% WO
over 10.0 metres
(140-150m, within 38m from 112m to 150m of 0.56%)
0.56% WO
over 38.0 metres
(112-150m)
From Bo_RC_13:
0.68%
WO
over 2.0 metres
(208-210m)
From Bo_RC_02:
0.63% WO
over 16.0 metres
(62-78m, within 108m from 26m to 134m of 0.22%)
From Bo_Met_01:
0.60% WO
over 5.0 metres
(60-65m, within 106m from 60m to 166m of 0.21%)
0.21% WO
3
over 106.0 metres
(60-166m)
From Bo_Met_02a:
0.53% WO
over 23.0 metres
(62-85m)
*As previously reported in the Borralha Technical Report (see below).
Vancouver, British Columbia--(Newsfile Corp. - September 23, 2025) - Allied Critical Metals Inc. (CSE:
ACM) (OTCQB: ACMIF) (FSE: 0VJ0) ("Allied" or the "Company"), which is focused on its 100% owned
past producing Borralha and Vila Verde tungsten projects in northern Portugal, is pleased to announce
highlights from its 2023 & 2024 drill program on its 100% owned Borralha Tungsten Project. Although
the drill results were included in its current technical report on the Borralha Tungsten Project (the
"Borralha Technical Report"), the individual drill results were never individually showcased. The Borralha
Technical Report is entitled, "Technical Report on the Borralha Property, Parish of Salto, District of Vila
Real, Portugal', dated effective July 31, 2024" which is available under the Company's profile on
SEDAR+ at
www.sedarplus.ca
.
During Allied's 2023-2024 Borralha drill program, more than 3,685 meters were drilled in 16 drill holes in
the Santa Helena Breccia, as described in the Borralha Technical Report, which includes the following
notable intercept highlights in the table below.
Table 1: Highlights of Intercepts from 2023-24 Borralha Drill Program
Drill Hole ID
From
(m)
To
(m)
DH length
(m)
True Width
factor
True Width*
(m)
WO
3
(%)
Cu
(ppm)
Ag
(ppm)
Bo_Met_01
60.0
166.0
106.0
0.76
80.4
0.21
863
5.2
incl.
60.0
65.0
5.0
0.76
3.8
0.60
247
1.8
Bo_Met_02a
62.0
85.0
23.0
0.95
21.9
0.53
1215
5.8
Bo_RC_02
26.0
134.0
108.0
0.91
98.3
0.22
1170
4.9
incl.
62.0
78.0
16.0
0.91
14.6
0.63
1533
4.9
Bo_RC_11
112.0
150.0
38.0
0.78
29.5
0.56
295
1.9
incl.
140.0
150.0
10.0
0.78
7.8
1.75
204
1.5
+
256.0
268.0
12.0
tbd
-
0.20
436
3.8
Bo_RC_12
82.0
102.0
20.0
0.96
19.3
0.50
2087
10.2
incl.
82.0
94.0
12.0
0.96
11.6
0.78
2038
9.5
+
182.0
184.0
2.0
0.92
1.8
5.79
334
3.8
+
238.0
250.0
12.0
0.90
10.8
0.40
600
2.3
incl.
246.0
250.0
4.0
0.90
3.6
1.12
1260
4.6
Bo_RC_13
208.0
210.0
2.0
0.90
1.8
0.68
217
1.9
*Reported intervals are downhole lengths. Estimated true widths were calculated from hole orientation and the interpreted geometry of the
mineralized corridors. Estimates may vary locally where geometry changes. Where intervals fall outside the resource block-model domains, the
true width is not known and only the downhole length is reported.
Table 2: Drill Hole Collar Locations
Drill Hole ID
Coordinates (WGS84)
Az.(º)
Dip.(º)
DEPTH (m)
Bo_Met_01
585521
4611357
180
80
253.20
Bo_Met_02
585458
4611315
110
53
72.90
Bo_Met_02a
585459
4611316
118
50
164.30
Bo_RC_01
585521
4611355
180
80
219.00
Bo_RC_02
585469
4611279
130
60
150.00
Bo_RC_03
585467
4611472
109
60
237.00
Bo_RC_04
585588
4611506
230
70
264.00
Bo_RC_05
585588
4611444
230
70
306.00
Bo_RC_06
585587
4611380
240
70
236.00
Bo_RC_09
585455
4611387
106
60
250.00
Bo_RC_08
585417
4611353
105
60
236.00
Bo_RC_07
585423
4611294
100
55
195.00
Bo_RC_11
585539
4611503
-
90
376.00
Bo_RC_10
585461
4611195
90
60
150.00
Bo_RC_12
585383
4611329
100
60
300.00
Bo_RC_13
585406
4611377
105
65
276.00
actual sum
Total
3685.4
The Company has continued its exploration of the Santa Helena Breccia with its 2025 drill program
which is also focused on the Santa Helena Breccia (SHB) of Borralha.
"The company invested approximately $4.1 million in 2023 & 2024 on exploration to further give
confidence to investors prior to its public listing," Roy Bonnell, CEO & Director, Allied Critical Metals,
stated. "We are now working to provide an updated version of the Mineral Resource Report for Borralha
in Q4 2025, which is expected to include more than approximately 5,700 metres of drill results from this
year's program."
Allied's flagship Borralha Tungsten Project, strategically located in northern Portugal, represents one of
the most significant undeveloped tungsten deposits in the western world having a potential near-term
source of supply outside of the domain of China and Russia. With the NI 43-101 mineral resource
estimate of 4.98 Mt @ 0.22% WO
(Indicated) and 7.01 Mt @ 0.20% WO
(Inferred) previously reported
in the Borralha Technical Report, Borralha has the potential to provide a stable and scalable source of
tungsten concentrate to Western markets. On September 4, 2025, Allied announced a drill intercept of
12.0 metres @ 4.27% WO
3
including 6.0 metres @ 8.39% WO
3
from 252.00 metres downhole,
confirming one of the highest-grade tungsten intercepts reported in Western exploration, especially for
high quality wolframite tungsten mineralization.
Technical Information and Quality Assurance/Quality Control (QA/QC)
During the 2023-24 drilling campaign three PQ-size diamond drill holes and thirteen reverse circulation
boreholes, totalling 3,685.40 metres of drilling, were completed to their proposed lengths. Minerália was
contracted to supervise and manage the drilling program that included three PQ-size diamond drill holes,
namely Bo_Met_01, _02 and _ 02a, totalling 490.4 metres of drilling and thirteen reverse circulation drill
holes, namely Bo_RC_01 to _13 that totalled 3,195.0 metres of drilling. Diamond drill hole Bo_Met_02
intersected old underground workings and was abandoned and re-drilled nearby as Bo_Met_02a. As of
the effective date of this report, the Company has drill tested the SHB with 5,602.95 metres of drilling,
infilling historical drill holes and extending exploration towards the southern part of the SHB.
The cores from the two diamond holes, Bo_Met_01 and _ 02a were halved length wise after logging and
one-half of the cores were shipped to Wardell Armstrong International Ltd. with offices in Truro, London
for metallurgical test work. The other half of drill core was sampled and shipped to the ALS preparatory
laboratories in Seville, Spain and later to the ALS certified assay laboratories in Dublin Road, Loughrea,
Co., Ireland for multi-element ICP analyses. The later 1-metre reverse circulation drill cuttings were
composited into 2-metre samples and direct shipped to the ALS preparatory laboratories in Seville,
Spain and later to the ALS certified assay laboratories in Dublin Road, Loughrea, Co., Ireland.
The analytical samples were collected directly from the rig splitter according to a sampling list that
documented the metres and sampling sequence for each drill hole. This list also identified which sample
should be collected in duplicate as well as which certified reference material ('CRM') were to be placed
in the numerical sequence. The CRMs were randomly inserted at every 20 samples (5%), and duplicate
samples were collected every 20 samples (5%). Thus, there's an alternating CRM and Duplicate every
10th sample.
The analytical and reject samples are then transported in boxes from the drilling site to the core shed by
a designated employee. The analytical samples were stored on labelled palettes for later direct shipping
to the ALS preparation laboratories in Seville, Spain. Later, the pulp and reject samples were securely
stored in the logging room on the property.
RC samples were prepared by ALS preparation laboratory in Seville, Spain, crushing the sample with up
to 70% of the material passing a 2 mm screen, and then each sample was split to 250 g and pulverized
with hardened steel to 85% passing a 75 μm screen. Each resultant sub-sample was then direct shipped
to their certified assay laboratory Dublin Road, Loughrea, Co., Ireland.
The samples are analyzed by the ME-MS81 ALS method that applies a lithium borate fusion to the
sample and the result of this fusion is measured by applying an ICP-MS. It is also applied to the ALS
ME-4ACD81 procedure which reports base metals by a 4-acid digestion and later analyzed by an ICP-
MS procedure. Any over-limit tungsten values were re-analysed at the same laboratory by a W-XRF15b
procedure that uses a lithium borate fusion with an XRF analysis. The analytical results were then
securely emailed to the company.
To the best of the Company's knowledge, no drilling, sampling, recovery, or other factors have been
identified that would materially affect the accuracy or reliability of the data referenced herein. As
indicated further above, these drilling results and related procedures and technical information were also
detailed by an independent qualified person in the Borralha Technical Report which is available under
the Company's profile on SEDAR+ at
www.sedarplus.ca
.
Qualified Person
The scientific and technical information in this news release has been reviewed and approved by Mr.
Vítor Arezes, BSc, MIMMM (QMR) (Membership Nº. 703197, Vice-President Exploration of Allied
Critical Metals, who is a Qualified Person for the purposes of National Instrument 43-101 -
Standards of
Disclosure for Mineral Projects
. Mr. Arezes is not independent of Allied Critical Metals Inc. as he is an
officer of the Company.
Understanding Tungsten
To understand tungsten, it is critical to understand the difference between wolframite tungsten
mineralization and scheelite tungsten mineralization. Scheelite often reports higher grades (0.3%-1.0%
WO
) but is more costly and complex to process, requiring flotation methods with higher capital and
operating expenditures and lower recoveries.
i
In contrast, wolframite, which is the focus of Allied, can be
processed more efficiently using gravity and magnetic separation, resulting in lower costs and higher
recoveries, making lower grades (~0.15%-0.25% WO
) economically viable in wolframite deposits. For
example, a wolframite deposit with 0.4% WO
over 3 metres can be more profitable than a scheelite
deposit with 0.7% WO
over the same interval due to lower processing costs and higher recovery rates.
ii
In Western exploration drilling, tungsten grades typically range from 0.3% to 1.0% WO
.
iii
The cut-off
grade for economic viability is generally around 0.1% WO
, with highly efficient operations able to mine
at grades as low as 0.08% WO
. Skarn deposits, a common deposit type, typically range from 0.34% to
1.4% WO
, with intercepts of 0.4% WO
over 1-5 metres considered very good and 0.7% WO
over 1-3
metres considered very high-grade.
iv
Intercept lengths can range from 0.6 metres to over 100 metres,
with longer intercepts at strong grades generally preferred for economic mining. A result like 0.5% WO
over 3 metres is generally considered strong within Western tungsten exploration benchmarks,
especially for wolframite tungsten mineralization.
v
It is also important to recognize that China, Russia, and North Korea control approximately 87% of the
world's tungsten supply, using cheap labor and minimal environmental standards in authoritarian
regimes.
vi
As a result, production costs and grades in these countries are not comparable to Western
projects, which operate under higher labor, ESG, and energy cost structures. Evaluating projects outside
these regions provides a realistic benchmark for what grades and intercepts are economically viable
while supporting secure, NATO-aligned supply chains.
For Allied, this context is significant. Wolframite tungsten grades, ranging from 0.2% to 1.0% WO
are
strong global wolframite benchmark values. The Company's focus on wolframite ensures lower
processing costs and higher recoveries, supporting project economics even at lower grades. Allied's
operations in secure jurisdictions align with Western critical mineral needs, avoiding geopolitical risks
associated with China and Russia while positioning the Company to benefit from growing tungsten
demand across defense, aerospace, and electrification sectors. Allied's strong grades, low-cost
processing advantages, and secure location position it as a strategic and responsible tungsten
exploration company, well placed to support robust project economics in a rising-demand market.
vii
About Allied Critical Metals Inc.
Allied Critical Metals Inc.
(CSE: ACM) (OTCQB: ACMIF) (FSE: 0VJ0) is a Canadian-based mining
company focused on the expansion and revitalization of its 100% owned past producing Borralha
Tungsten Project and the Vila Verde Tungsten Project in northern Portugal with advantageous wolframite
tungsten mineralization. Tungsten has been designated a critical metal by the United States and other
western countries, as they are aggressively seeking friendly sources of this unique metal. Currently,
China, Russia and North Korea represent approximately 86% of the total global supply and reserves.
Tungsten is used in a variety of industries such as defense, automotive, manufacturing, electronics, and
energy.
ON BEHALF OF THE BOARD OF DIRECTORS
"Roy Bonnell"
Roy Bonnell
CEO and Director
For further information or investor relations inquiries, please contact:
Dave Burwell
Vice President, Corporate Development
Email:
Tel: 403-410-7907
Toll Free: 1-888-221-0915
Please visit our website at
www.alliedcritical.com
.
Also visit us at:
LinkedIn:
https://www.linkedin.com/company/allied-critical-metals-inc
X:
https://x.com/@alliedcritical/
Instagram:
https://www.instagram.com/alliedcriticalmetals/
The Canadian Stock Exchange does not accept responsibility for the adequacy or accuracy of
this release.
Cautionary Statement Regarding Forward-Looking Information
This news release contains "forward-looking statements", including with respect to the use of proceeds.
Wherever possible, words such as "may", "would", "could", "should", "will", "anticipate", "believe", "plan",
"expect", "intend", "estimate", "potential for" and similar expressions have been used to identify these
forward-looking statements. These forward-looking statements reflect the current expectations of the
Company's management for future growth, results of operations, performance and business prospects
and opportunities and involve significant known and unknown risks, uncertainties and assumptions,
including, without limitation, those listed in the Company's Listing Statement and other filings made by
the Company with the Canadian securities regulatory authorities (which may be viewed under the
Company's profile at
www.sedarplus.ca
). Examples of forward-looking statements in this news release
include, but are not limited to, statements regarding the proposed timeline and use of proceeds for
exploration and development of the Company's mineral projects as described in the Company's Listing
Statement, news releases, and corporate presentations. Should one or more of these risks or
uncertainties materialize or should assumptions underlying the forward-looking statements prove
incorrect, actual results, performance or achievements may vary materially from those expressed or
implied by the forward-looking statements contained in this news release. These factors should be
considered carefully, and prospective investors should not place undue reliance on the forward-looking
statements. This list is not exhaustive of the factors that may affect any of the Company's forward-looking
statements and reference should also be made to the Company's Listing Statement dated April 23,
2025 and news release dated May 16, 2025, and the documents incorporated by reference therein, filed
under its SEDAR+ profile at
www.sedarplus.ca
for a description of additional risk factors. The
Company disclaims any intention or obligation to revise forward-looking statements whether as a result
of new information, future developments or otherwise, except as required by law.
i
International Tungsten Industry Association (ITIA). (2023).
Tungsten: Global industry, markets & outlook
. Retrieved from
https://www.itia.info
ii
International Tungsten Industry Association (ITIA). (2023).
Tungsten: Global industry, markets & outlook
. Retrieved from
https://www.itia.info
iii
US Geological Survey (USGS). (2024).
Mineral commodity summaries: Tungsten
. Retrieved from
https://pubs.usgs.gov/periodicals/mcs2024/mcs2024-tungsten.pdf
iv
British Geological Survey (BGS). (2023).
Tungsten fact sheet
. Retrieved from
https://www.bgs.ac.uk/downloads/start.cfm?id=1408
v
Argus Media Group. (2025).
Argus Tungsten Monthly Outlook
. Issue 26-6, 11 June 2025.
https://argusmedia.com
vi
International Tungsten Industry Association (ITIA). (2023).
Tungsten: Global industry, markets & outlook
. Retrieved from
https://www.itia.info
vii
International Tungsten Industry Association (ITIA). (2023).
Tungsten: Global industry, markets & outlook
. Retrieved from
https://www.itia.info
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