ALLIED CRITICAL METALS CORP

VILA VERDE
TUNGSTEN-TIN 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

VILA VERDE TUNGSTEN-TIN
PROJECT

Project Highlights

Location

~45 KM south of Borrahla, located within a historical mining jurisdiction in Portugal, 80km northeast of Porto, which produced an estimated 10,280 tonnes wolframite concentrate between 1904 and 1986.

Infrastructure

Excellent infrastructure on site including roads, hydroelectric power, water and access to local skilled workforce.

Mining License

Mining License, which permits production of up to 150,000 tonnes of mineralized material per year until the full-scale mining license is granted following completion of the feasibility study.

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.

  • Vila Verde is 45km southeast of Borralha Tungsten Project.
  • 17 diamond drilled holes totaling 2,103m at the Vila Verde project area, revealed a 2.1km x 1km tungsten-tin mineralized system at Cumieira zone and a 1km x 500m tungsten-tin mineralized system at Porqueira.
  • Initial preliminary historical inferred resource of 7.3 million tonnes mineralized material with a cut-off of 500 gpt WO3, including 4.0 million tonnes WO3 grading 1,347 gpt WO3 and 264 gpt Sn at Cumieira deposit and 3.3 million tonnes grading 961 gpt WO3 at Porqueira deposit [1]
  • OBJECTIVE #1: convert Exploration Permit to Experimental Exploitation Permit by November 2023 upon payment of €51,000 Bank Guarantee to DGEG permitting authority in Portugal, which allows for production of up to 150,000 tpa
  • OBJECTIVE #2: Pilot Plant to commence production in Q2 2024
  • OBJECTIVE #3: Commence Phase 2 with 7,000m drill program in early 2024 followed by metallurgy and preliminary mine planning

Technical Report

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