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An update from DeepRock Minerals ( (TSE:ACM) ) is now available.
Allied Critical Metals has intersected more than 200 metres of breccia-hosted tungsten mineralization at the newly defined Venise Breccia target within its Borralha Tungsten Project in northern Portugal. The mineralization, which includes visible wolframite along with molybdenite and chalcopyrite, aligns with the company’s geological model and lies about 400 metres from the Santa Helena Breccia deposit that underpins its initial mine plan.
The discovery, part of a fully funded 20,000‑metre drill program, strengthens the potential for near‑mine resource growth, mine life extension and broader project scale at Borralha. Although further drilling and analysis are needed to confirm the scale and continuity, the results support Allied’s strategy to expand its resource base and highlight Borralha’s emerging role as a strategically important tungsten district for European supply chains.
More about DeepRock Minerals
Allied Critical Metals Inc. is a mineral exploration and development company focused on tungsten resources, with its flagship Borralha Tungsten Project located in northern Portugal. The company targets breccia-hosted tungsten systems and aims to build a district-scale project that can supply strategic tungsten to European and NATO-aligned markets.
Average Trading Volume: 373,148
Technical Sentiment Signal: Buy
Current Market Cap: C$296.5M
See more insights into ACM stock on TipRanks’ Stock Analysis page.