• Appointment of METS Engineering Group to undertake a scoping study on NSW silver projects
• Bonanza-grade silver intercepts confirm strong continuity across the drill program at Webbs Silver Project
• Acquisition of 80% controlling interest in the Tooloom Silver Project in northern New South Wales

Rapid Critical Metals Ltd (ASX: RCM) is pleased to provide a summary of activities for the Quarter ended 31 March 2026. Key highlights include the appointment of METS Engineering Group to undertake a scoping study on the company's NSW silver projects, including the Conrads, Webbs and Webbs Consol projects. The company also reported additional bonanza-grade silver intercepts from the final six drill holes at the Webbs Silver Project, further confirming the strong continuity of high-grade mineralization. Subsequent to the quarter, Rapid announced the acquisition of an 80% controlling interest in the Tooloom Silver Project in northern New South Wales, which adds multiple drill-ready silver, gold, copper and antimony targets to the company's portfolio. In Canada, Rapid's Prophet River Gallium-Germanium Project saw the completion of rock chip sampling and geophysical surveys, which defined five priority drill targets. The company is now progressing toward drilling at Prophet River as soon as seasonal conditions allow. Rapid ended the quarter with a strong cash position exceeding A$8.5 million and is well-positioned to advance its exceptional asset base across its key project areas.

Rapid is progressing plans for an expanded exploration program across its NSW silver portfolio in 2026, including follow-up drilling to test interpreted parallel lodes and extensions at Webbs, ongoing resource growth and discovery drilling across the Webbs-Webbs Consol corridor, and integration of new drilling results into updated geological and resource models. The company remains well funded to advance its planned exploration and study activities.