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Rapid Critical Metals Limited (ASX:RCM)

ALERT: Price-sensitive ASX Announcement for RCM
Current share price for RCM : $0.031 -0.008 (-20.51%)+
Announcement
Release
22 May 2026 8:22AM
Price at Release
$0.039
Full Release
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Summary
Rapid Critical Metals Limited (RCM) has initiated drilling at the Webbs project, expanding their district-scale footprint in New South Wales, Australia. The focus is on exploring for high-grade silver and critical mineral assets. The company has strategically positioned itself around the renowned Mole Granite, which is known for driving intrusion-related mineralisation. RCM holds extensive tenements in this area, and preliminary metallurgical work at Webbs shows promising recovery rates for silver, copper, lead, and zinc. The project includes prospects such as Tangoa West and Tangoa South, with historical data indicating significant mineralisation potential. RCM aims to further explore these targets through comprehensive drilling and geophysical surveys.
Key Points
  • Drilling initiated at Webbs project by Rapid Critical Metals Limited.
  • Focus on high-grade silver and critical mineral assets.
  • Strategic position around Mole Granite known for mineralisation.
  • Preliminary metallurgical work shows promising recovery rates.
  • Inclusion of Tangoa West and South prospects with historical data.
  • Plans for comprehensive drilling and geophysical surveys.
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.