• Appointed METS Engineering Group to undertake Scoping Study and metallurgical testwork
• Drilling assays pending, expected to further define scale and continuity of high-grade silver system
• Progressing TOMRA ore-sorting tests with 700 kg bulk sample program to validate upgrade potential

Rapid Critical Metals Limited (ASX: RCM, RCMO) is pleased to announce the appointment of METS Engineering Group (METS) to undertake a scoping study on the Company's wholly owned NSW silver projects comprising the Conrads, Webbs and Webbs Consol projects. The scope of work includes process design, capital and operating cost estimates, and project sensitivity analysis, supported by metallurgical testwork. The Scoping Study is now underway and is expected to be completed in Q2, 2026. Rapid has also reported that it successfully completed a total of 2,000 metres of diamond drilling across 11 holes at the Webbs Silver Project, with assay results from the first five holes demonstrating consistent high-grade silver mineralisation within multiple sub-parallel lodes. Notably, drilling also identified a new, previously unrecognised western lode, further reinforcing the presence of a robust, multi-lode silver system at Webbs. The Company eagerly anticipates the receipt and reporting of assays from the remaining six drill holes, expected within the coming week. In parallel, Rapid has submitted applications for drilling approvals to the NSW Mines Department in respect of all 3 projects ahead of a 15,000m drilling program to commence once approvals are granted. The Company has also had success in preliminary TOMRA ore-sorting tests and is now moving to a bulk sample of 700kg for a second phase of ore sorting, with the potential to enhance grade, reduce processing costs, and materially improve project economics.