What did Rapid Critical Metals (ASX:RCM) announce regarding its Webbs Silver Project?

Rapid Critical Metals has officially commenced a reverse circulation drilling program at its flagship Webbs Silver Project in northern New South Wales. The first of two planned drill rigs has been mobilized to the site.

What specific geological targets is Rapid Critical Metals (ASX:RCM) testing?

The current drilling program is targeting the southern extension of the known Webbs ore body as well as a recently discovered parallel lode. Both targets are highly prospective and could materially expand the operation's existing mineralised footprint.

How is Rapid Critical Metals (ASX:RCM) expanding its land holding in the region?

The company has lodged a new exploration licence application, designated ELA7053, to secure additional highly prospective ground. This application covers the same north-south structural trend that hosts the nearby Webbs Consol and Tangoa prospects.

What is Rapid Critical Metals' competitive advantage in this mining district?

Rapid Critical Metals controls the entire western periphery of the Mole Granite, a famously mineral-rich geological formation in the region. This regional dominant position is a key advantage because the Mole Granite is considered the main driver of the local intrusion-related mineralisation.

Does Rapid Critical Metals (ASX:RCM) have enough cash to complete this drilling program?

Yes, management has confirmed that the company is fully funded to deliver the entire planned exploration program. This financial runway covers the current step-out drilling, resource growth initiatives, and the testing of new regional targets.

What is the current share price and valuation context for Rapid Critical Metals (ASX:RCM)?

At the time of reporting, Rapid Critical Metals' share price was trading at $0.045. At this micro-cap pricing level, the stock remains highly leveraged to exploration success or failure. Positive drill results could rapidly move the valuation, while poor assay results could see the share price decline significantly.

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Rapid Critical Metals begins drilling at Webbs Silver Project

Written by Jon CuthbertPublished May. 22 2026

Rapid Critical Metals (ASX:RCM) commenced reverse circulation drilling at its flagship Webbs Silver Project in northern New South Wales.

The company has mobilised the first of two planned drill rigs to the site to actively test the southern extension of the known Webbs ore body, alongside a recently discovered parallel lode.

The two prime targets hold significant potential to materially expand the operation's existing mineralised footprint.

The company is expanding its district-scale presence by lodging a new exploration licence application, designated ELA7053.

The application aims to secure highly prospective ground along the same north-south structural trend that hosts the nearby Webbs Consol and Tangoa prospects.

Geologists target the zone for intrusion-related, structurally controlled epithermal mineralisation, which is primarily dominant in silver, lead, and zinc.

Rapid holds a distinct competitive advantage in the area, controlling the entire western periphery of this geological formation.

Management confirmed that the company is fully funded to deliver this catalyst-rich programme, which encompasses step-out drilling, resource growth, and new target testing.

Looking ahead, a drill-ready, four-hole programme totalling 560 m is also planned for the Tangoa South prospect, pending final regulatory approvals.

At the time of reporting, Rapid Critical Metals’ share price was $0.045.