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New high-grade tungsten-molybdenum discovery at Borralha's Venise Breccia expands potential beyond current mine plan.

Market News
07 Jul 2026
Newsfile Corp
View Source
Bullish
pluang ai news

Allied Critical Metals announced a new high-grade tungsten-molybdenum discovery at the Venise Breccia, located 400 meters from the existing Santa Helena deposit at the Borralha Property in Portugal. This discovery reveals a distinct mineralized system not included in the current Preliminary Economic Assessment (PEA), suggesting potential for significant resource growth and an extended mine life. Ongoing drilling aims to define the size and continuity of this new breccia system, while also expanding the Santa Helena resource. This could transform Borralha from a single-deposit project into a major tungsten district, enhancing its strategic importance amid global demand for critical minerals.

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