Allied Critical Metals Inc.: Allied Critical Metals Delivers Strong First Results at Santa Helena with 23.8 Metres of 0.68% WO3; Provides Borralha Project Update
Allied Critical Metals (CSE: ACM, OTCQB: ACMIF) reported first 2026 assay results from Santa Helena Breccia at Portugal’s Borralha tungsten project. Drill hole Bo_13/26 intersected 23.8 m at 0.68% WO3, including 4.0 m at 2.96% WO3, plus other intervals. Company says 20,000 m drilling is underway with six rigs operating and a seventh due, and it is also drilling the Venise Breccia.
How this was made
The 30-second read
Why it matters
The disclosed Santa Helena drill hole Bo_13/26 provides new assay datapoints that support the geological model behind the Borralha PEA and informs subsequent resource conversion, mine planning, and metallurgical variability studies. Concurrent Venise drilling keeps upside optionality alive beyond the current resource and mine plan.
Market read
Traders may reprice the probability of near-term resource upgrades and future feasibility progress as additional assays arrive, especially if Santa Helena continuity persists and Venise expands the resource base.
What to watch
The article emphasizes continuity and geotechnical/metallurgical data needs, but does not provide recovery, concentrate quality, or capex/opex impacts yet, which are key for feasibility-level valuation.
Background
Allied Critical Metals is advancing the Borralha Tungsten Project in northern Portugal, using a 20,000m fully funded drilling program to both develop Santa Helena and explore the newly discovered Venise Breccia.
Ticker impact
Allied Critical Metals reports first 2026 Santa Helena drill assays, including 23.8m at 0.68% WO3, supporting Borralha PEA geology.
Near-term upside bias for ACMIF on continued assay flow, with volatility tied to further results from Santa Helena and Venise.
The article discloses new, specific drill results and operational scale-up (six rigs operating, seventh arriving), which can drive sentiment and expectations for resource conversion and feasibility work.
Market effects
Adds incremental evidence for tungsten project development in Portugal, potentially supporting the broader tungsten exploration narrative.
Could modestly improve investor attention toward Portuguese tungsten assets and related permitting/financing expectations.
Tungsten is a niche strategic metal; single-project drill updates are unlikely to move global prices but can affect peer sentiment.
Counterpoint
High-grade intercepts may not translate into mineable, economically recoverable reserves; the PEA is preliminary and includes inferred resources.
Key entities
- companyAllied Critical Metals Inc.
Subject of the release, reporting first 2026 Santa Helena assay results and a Borralha project update.
- assetBorralha Tungsten Project
The company’s tungsten project in northern Portugal, supported by a recent PEA and advanced via drilling.
- depositSanta Helena Breccia
The development target where the first 2026 drill hole intersected broad and higher-grade WO3 intervals.
- exploration targetVenise Breccia
Newly discovered tungsten-molybdenum breccia system being drilled for district-scale growth potential.
