New Drill Program to Commence at Webbs

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Stock RCM.ASX (RCM.ASX)
Release Time 12 May 2026, 9:55 a.m.
Price Sensitive Yes
 New Drill Program to Commence at Webbs
Key Points
  • First drilling approval secured at Webbs Silver Project
  • Initial drill program designed to extend the new parallel lode discovery
  • Reverse Circulation (RC) drill holes planned to commence next week
Full Summary

Rapid Critical Metals Limited (ASX: RCM, RCMO) is pleased to announce that the first approval has been granted for drilling to commence at the Company's 100%-owned Webbs Silver Project in northern New South Wales. The receipt of the first approval clears the way for an initial Reverse Circulation (RC) drill program designed to test the extensions of the recent discovery of a new western parallel lode on the southern corner of the deposit and the southern extension of the Webbs ore zone. The program will combine resource-extension drilling along the southern margin of the known ore zone with exploration drilling targeting the southern continuation of Webbs and the parallel lode. The second drill rig will be mobilized to site immediately after receipt of additional approvals. The goals of the program are to expand the current resource, aim to find further parallel lodes to continue to expand the resource meaningfully, and undertake exploration drilling to test the extensions of the deposit.

Outlook

The Company is entering an exciting phase as it works to unlock the broader potential of the Webbs system through this drilling campaign, which is expected to deliver strong results.