Completion of the Acquisition of Webbs Consol Silver Project

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Stock RCM.ASX (RCM.ASX)
Release Time 28 Nov 2025, 8:38 a.m.
Price Sensitive Yes
 Rapid Critical Metals Completes Webbs Consol Silver Project Acquisition
Key Points
  • Acquisition of Webbs Consol Silver Project in New South Wales
  • Consolidates contiguous tenure across high-grade silver belt
  • Unlocks new discovery potential with adjoining tenure
  • Positions Rapid for growth with proximity to infrastructure
Full Summary

Rapid Critical Metals Limited (ASX: RCM, RCMO) has completed the acquisition of the Webbs Consol Silver Project (Webbs Consol) in northeast New South Wales, comprising EL 8933 and EL 9454, from Lode Resources Limited (ASX: LDR). The Board sees the acquisition of the Webbs Consol as a highly accretive strategic investment for Rapid, as it builds critical mass to the company's existing Webbs and Conrad high-grade deposits, secures a district-scale silver corridor by consolidating contiguous tenure across a high-grade silver belt, unlocks new discovery potential with adjoining tenure, and consolidates ownership of three nearby, high-grade deposits supporting unified mine planning, centralised processing options, and potential operating synergies. The completion of the acquisition positions Rapid for growth with proximity to existing infrastructure and strong silver market fundamentals, providing a favourable backdrop for accelerated development. Managing Director Byron Miles commented that the acquisition builds on the Board's strategy of becoming one of the ASX's leading silver-focused growth companies with a platform in New South Wales and significant potential for further growth. Rapid is now well-placed to accelerate exploration and development activities to create long-term value for its shareholders.

Outlook

Rapid is advancing a catalyst-rich program -- with resource upgrades, step-out drilling, and new target testing set to drive a steady flow of news and shareholder value in the months ahead.