Newsfile Corp
16 Jul 2026, 07:30 UTC · 1h ago
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First drill results from the 2026 campaign validate the geological model and mineral resource underpinning the Borralha Project's Preliminary Economic Assessment (PEA). — Confirmation of the PEA's resource assumptions reduces project risk and validates the economic viability of the planned bulk underground mining.
+0.60Allied Critical Metals is executing a 20,000-metre drilling campaign with six rigs active and a seventh arriving shortly. — The scale and acceleration of the drilling program signal aggressive development and a high probability of near-term data updates.
+0.40Ongoing exploration at the newly discovered Venise Breccia offers potential for resource growth beyond current estimates and the existing PEA. — Discovery of new mineralized systems provides significant upside potential for the company's valuation beyond the current mine plan.
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Drill hole Bo_13/26 returned a 23.8-metre interval grading 0.68% WO3, including a high-grade zone of 4.0 metres at 2.96% WO3. — Specific high-grade intercepts provide tangible evidence of ore quality, though they are small samples of the larger deposit.
+0.30Which stocks this story touches
The company reported positive drill results and exploration growth at its Borralha Tungsten Project.
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