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An announcement from DeepRock Minerals ( (TSE:ACM) ) is now available.
Allied Critical Metals has reported a robust initial Preliminary Economic Assessment for its Borralha Tungsten Project in northern Portugal, outlining an underground mine plan with an after-tax NPV of $473.4 million, IRR of 48.8% and a payback period of 4.2 years at a tungsten price of USD $1,000 per mtu. The study highlights low all-in sustaining costs, strong leverage to higher tungsten prices and an initial 11-year mine life based solely on the Santa Helena Breccia deposit, while a fully funded 20,000-metre drill program aims to expand resources and extend mine life, underscoring Borralha’s emerging role as a strategic EU tungsten source alongside the company’s undeveloped Vila Verde project.
The project has been endorsed as a strategic initiative of national importance by idD Portugal Defence and has received a conditional positive environmental impact declaration from the Portuguese Environment Agency, de-risking key permitting and political aspects for future development. With tungsten prices currently well above the conservative assumptions used in the PEA and additional resource growth potential, the results materially strengthen Allied Critical Metals’ development pipeline and could enhance its competitive position in the critical minerals supply chain for European industrial and defence sectors.
More about DeepRock Minerals
Allied Critical Metals Inc. is a Vancouver-based mineral exploration and development company focused on tungsten projects in northern Portugal. Its primary assets include the 100%-owned Borralha Tungsten Project and the Vila Verde tungsten project, positioning the company as a prospective supplier of critical minerals within the European Union, with strategic support from Portuguese defence and environmental authorities.
Average Trading Volume: 287,389
Technical Sentiment Signal: Buy
Current Market Cap: C$212.5M
See more data about ACM stock on TipRanks’ Stock Analysis page.