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Raptor Metals Ltd (ASX:RAP)

ALERT: Price-sensitive ASX Announcement for RAP
Current share price for RAP : $0.040 -0.013 (-24.53%)+
Announcement
Release
24 Feb 2026 9:44AM
Price at Release
$0.053
Full Release
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Summary
Raptor Metals Ltd announced the completion of further drilling at the Chester Project in New Brunswick, Canada. The company completed 12 of a planned 15 HQ diamond drill holes, along with plans for 3 metallurgical holes, as part of a 2,200-meter program. The drilling aims to validate historical data, enhance geological understanding, collect samples for metallurgical testing, and explore potential resource growth. This effort is a continuation of Raptor's systematic exploration strategy after the acquisition of Raptor Resources Limited. Initial observations from the drilling align with historical data and validate existing geological models, setting the stage for future resource expansion at the Chester Project.
Key Points
  • Completed 12 out of 15 planned HQ diamond drill holes.
  • Program includes 2,200m of drilling at Chester Project in Canada.
  • Drilling aims to validate historical data and gather structural insights.
  • Initial logging indicates consistent lithology and mineralisation styles.
  • Metallurgical samples to be collected for testing processing options.
  • Resource expansion and future exploration potential identified.
  • Assay results expected within six to eight weeks.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.