Allied Critical Metals Confirms Ultra High-Grade Tungsten Zone at Borralha with 18.0 m @ 0.85 % WO3 including 4.0 m @ 3.72 % WO3

Executive Summary

• Allied Critical Metals reports high‑grade tungsten intercepts from three RC drill holes (Bo_RC 25/25, Bo_RC 20/25, Bo_RC 29/25) that validate and extend the ultra‑high‑grade zone first discovered in hole Bo_RC 14.
• Intercepts include 4.0 m @ 3.72 % WO₃ and multiple sub‑meter high‑grade intervals, confirming continuity of the Santa Helena Breccia (SHB) system and supporting a significant expansion of the upcoming Mineral Resource Estimate (MRE) slated for Q4 2025.
• The results come as tungsten prices have surged to ~US$700/MTU, underscoring the strategic importance of the Borralha project in Europe’s critical‑materials supply chain.

Key Details

• Bo_RC 25/25: 18.0 m @ 0.85 % WO₃ (incl. 4.0 m @ 3.72 % WO₃) from 270.0 m – confirms and extends the ultra‑high‑grade zone identified in Bo_RC 14.
• Bo_RC 20/25: 18.0 m (16.4 m true width) @ 0.29 % WO₃ (incl. 6.0 m (5.5 m TW) @ 0.76 % WO₃) from 170.0 m – high‑grade lenses consistent with the 2024 geological model.
• Bo_RC 29/25: 10.0 m (7.9 m TW) @ 0.27 % WO₃ (incl. 4.0 m (3.2 m TW) @ 0.45 % WO₃) from 96.0 m – mineralization extends westward along strike.
• Drill Program Progress: 4,210 m of the planned 5,625 m Phase 1 RC campaign completed; focus on expanding/upgrading NI 43‑101 MRE (expected Q4 2025), supporting a PEA (Q1 2026), and feeding mine design/EIA work.
• Future Work: Phase 1 drilling now complete; step‑out holes tested western and northern extensions, infill drilling refined the core resource model. Results will feed the forthcoming updated MRE and subsequent economic studies.
• Price Context: Tungsten price recently peaked at US$700/MTU (≈+70 % over six months), driven by rising demand for critical raw materials and constrained global supply.
• Qualified Person: Vítor Arezes, BSc, MIMMM (QMR), Vice‑President Exploration, reviewed and approved the technical information under NI 43‑101.

Notable Quotes

“Borralha continues to outperform expectations… These new results further demonstrate the potential for significant resource expansion…” – Roy Bonnell, CEO & Director
“With these new intercepts, we now have clear evidence that the high‑grade tungsten structure extends both down‑dip and laterally.” – Vítor Arezes, VP Exploration & Qualified Person

Materiality Assessment: Material – Positive (the drill results materially enhance the outlook for a resource estimate and future economic studies, in a market with strong price fundamentals).