Article

Allied Critical Metals Inc. released details from the Preliminary Economic Assessment for its 100% owned Borralha Tungsten Project in Portugal. The project has an after-tax NPV of CA$473.4 million (US$346.6 million) and an IRR of 48.8% at a tungsten price of CA$1,365 per mtu (US$1,000 per mtu).

The payback period is approximately 2.2 years from commercial production commencement. Initial capital costs are estimated at CA$124.2 million (US$91 million). Average annual revenue over the initial mine life is projected at CA$252.52 million (US$184.89 million). A fully funded 20,000-meter drill program is underway for resource expansion and conversion.