RCM.ASX: Drilling Approval Granted for Prophet River Ga-Ge Project

Drilling Approval Granted for Prophet River Ga-Ge Project

Stock	RCM.ASX (RCM.ASX)
Release Time	16 Jun 2026, 8:30 a.m.
Price Sensitive	Yes

This feature provides summaries of price-sensitive announcements for companies followed by users on InvestorPA. The summaries are generated by large language models so please interpret with care.

Rapid Critical Metals Receives Drilling Approval for Prophet River Project

Key Points

BC Mines Act Permit received for Prophet River Gallium-Germanium Project
Drilling to commence in late July 2026, targeting five priority geophysical anomalies
High-grade surface samples confirm significant mineralisation potential

Full Summary

Rapid Critical Metals Limited (ASX: RCM, RCMO) has received the BC Mines Act Permit for its Prophet River Gallium-Germanium Project in northeastern British Columbia. This permit enables the company to conduct a maiden drill program targeting five priority geophysical anomalies across the project area. The permit allows for up to 50 drill sites and 25 helicopter landing pads, providing operational flexibility. Rapid plans to drill approximately 2,000 to 3,000 metres, with the first results expected in Q3 2026. The project area has already shown exceptional surface grades of up to 763 g/t germanium and 65.5 g/t gallium. The Prophet River Project is strategically significant as it is one of the few primary gallium-germanium exploration projects in a stable Western jurisdiction. Gallium and germanium are critical minerals, with China controlling a significant portion of global supply. Western governments and industries are seeking secure supply chains for these metals.