ALLIED CRITICAL METALS INC

Borralha Tungsten Project

Unique high grade and metallurgical properties differentiates the project helping to make it a low-cost producer, as this deposit is ferberite, para-magnetic version of tungsten with initial metallurgy showing 95% recovery.

ALLIED CRITICAL METALS INC

BORRALHA TUNGSTEN
PROJECT

Project Highlights

Borralha Tungsten Project

Mining Rights Concession License; advanced stage brownfield project with updated mineral resource estimate (MRE) effective November 19, 2025(1), including:

  • Measured and Indicated Resource (M+I): 13.0 Mt at 0.21% WO₃; and
  • Inferred Resource: 7.7 Mt at 0.18% WO₃
  • Historic production from 1904-1985 of wolframite concentrate at an avg. grade of 66%

Highlights from 2025 Drill Program

  • 4,120 metres completed across 15 drill holes
  • 12.0 m @ 4.27% WO₃, incl. 6.0 m @ 8.39% WO₃
  • Among the highest-grade tungsten results in Western exploration
  • Confirms controlled high-grade breccia corridor
  • 18.0 m @ 0.85% WO₃, incl. 4.0 m @ 3.72% WO₃
  • 100.0 m @ 0.21% WO₃, incl. 32.0 m @ 0.33% WO₃, 14.0 m @ 0.52 WO₃ & 6.0 m @ 0.74 m WO₃

METALLURGICAL PROPERTIES

Unique high grade and metallurgical properties differentiates the project helping to make it a low-cost producer, as this deposit is ferberite, para-magnetic version of tungsten with preliminary metallurgical test results show 95% recoveries.

(1) An updated NI 43-101 Technical report for the MRE will be filed within 45 days under the company’s profile on SEDAR+ at sedarplus.ca (See Company’s new release dated Nov 19,2025)

  • Brownfield project with past production and past production at northern side of the Borralha property from 1904-1985 of over 10,280 tonnes wolframite concentrate with an average grade of 66% WO3.
  • The Borralha Tungsten project recently endorsed by idD Portugal Defence, designating it a project of strategic national importance.

  • The Borralha Project is currently undergoing the Environmental Impact Assessment (EIA) licensing process, with the submission under evaluation by the Portuguese Environmental Agency (APA) and the Directorate-General for Energy and Geology (DGEG), as required under Portuguese environmental and mining legislation.

  • Location: Town of Borralha is 60km east of the city of Braga and 100km northeast of the city of Porto.

Technical Report

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