Allied Critical Metals Launches 20,000 Meter 2026 Drill Program at its Borralha Tungsten Project in Northern Portugal

Executive Summary

• Allied Critical Metals announces a fully funded 20,000‑meter drilling program at its 100 % owned Borralha Tungsten Project in northern Portugal.
• The campaign is intended to expand and upgrade the existing Mineral Resource Estimate (MRE), test extensions of known breccia zones, collect metallurgical samples, and support a Preliminary Economic Assessment (PEA) slated for Q1 2026.
• The program follows successful 2025 drill results that materially increased the resource base and underscores Borralha’s status as a strategic tungsten asset in Europe and the United States.

Key Details

• Program Scope: ~20,000 m of core and reverse‑circulation drilling across multiple target zones.
• Primary Objectives:
• Step‑out and infill drilling to grow the MRE and convert inferred resources to higher confidence categories.
• Test extensions of the Santa Helena Breccia and explore additional high‑grade structures, notably the Venise Breccia north of Santa Helena.
• Acquire material for advanced metallurgical testing to underpin prefeasibility and economic modelling.
• Generate data to feed the PEA expected in Q1 2026 and future feasibility studies.
• Strategic Context: Tungsten is designated a critical raw material by the EU and U.S.; expanding domestic supply aligns with strategic initiatives.
• Regulatory Milestones: Company has secured key permits allowing progression through detailed engineering and permitting phases.
• Qualified Person: Mr. Vítor Arezes, BSc, MIMMM (QMR), Vice‑President Exploration, reviewed and approved the technical information under NI 43‑101.
• CEO Comment: Roy Bonnell highlighted the program as “the most ambitious drill program to date” and emphasized its role in defining Borralha’s resource potential and supporting economic evaluation.
• Future Updates: Results from initial holes and revised resource modelling will be released throughout 2026 as data become available.

Notable Quotes

“We are excited to launch our most ambitious drill program to date at Borralha… The expanded 20,000 meter program will be a cornerstone of our efforts to define Borralha's resource potential and support advancing the project toward economic evaluation.” – Roy Bonnell, CEO & Director

All information above is extracted from the company’s press release dated January 26 2026.