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Rapid Critical Metals Limited (ASX:RCM)

ALERT: Price-sensitive ASX Announcement for RCM
Current share price for RCM : $0.030 -0.01 (-25%)+
Announcement
Release
12 May 2026 9:55AM
Price at Release
$0.040
Full Release
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Summary
Rapid Critical Metals Limited announced the commencement of a new drilling program at their 100%-owned Webbs Silver Project in northern New South Wales following the first drilling approval. The program is designed to test and extend the new parallel lode discovery and the southern extension of the Webbs ore zone. With the mobilization of drill rigs, the program aims to expand the current resource and explore new growth opportunities. This initiative marks a significant milestone, reflecting the company's strategic focus on aggressive exploration and resource development.
Key Points
  • First drilling approval secured for Webbs Silver Project.
  • Initial drill program aims to extend the new parallel lode discovery.
  • Drill rigs are mobilising to the site, with two rigs scheduled.
  • Reverse Circulation (RC) drill holes planned for the new program.
  • The program will expand the current resource and explore new lodes.
  • The discovery of a new parallel lode presents a new growth opportunity.
  • Rapid Critical Metals Limited is leading the drilling campaign.
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.