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Raptor Metals Ltd (ASX:RAP)

ALERT: Price-sensitive ASX Announcement for RAP
Current share price for RAP : $0.025 -0.008 (-24.24%)+
Announcement
Release
13 Jul 2026 8:20AM
Price at Release
$0.033
Full Release
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Summary
Raptor Metals Ltd has completed its maiden diamond drilling program at the Chester Copper Project, confirming significant copper mineralisation across multiple zones. The program, consisting of 19-hole and 2,126 meters, revealed broad and high-grade copper intercepts, enhancing the understanding of Chester as a major copper-rich system within the prolific Bathurst Mining Camp. The mineralisation remains open along strike and at depth, highlighting substantial potential for future exploration and resource growth. Raptor plans to integrate these results with other geological surveys to guide future exploration and is preparing to commence drilling at the Coyote project.
Key Points
  • Raptor Metals Ltd has completed a 19-hole, 2,126m diamond drilling program at the Chester Copper Project.
  • The program confirmed copper mineralisation across the East Zone, Central Zone, and Copper Stringer Zone.
  • Significant results include broad and high-grade copper intercepts, with the best results showing 16.0m @ 1.26% Cu and 14.07m @ 1.04% Cu.
  • The Chester system is characterized as a stacked volcanogenic massive sulphide (VMS) system with significant exploration potential.
  • Only approximately 700m of a projected 2.5km mineralised strike has been tested so far, indicating significant potential for resource growth.
  • Raptor will integrate drilling results with electromagnetic surveys, metallurgical test work, and historical data to refine the geological model.
  • Future plans include initiating a maiden drill program at the Coyote project and aiming for resource expansion.
  • Chester hosts an existing Mineral Resource Estimate of 6.685Mt @ 1.07% Cu.
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.