New Silver Lode at Webbs Yields Up to 1,115 g/t Silver Equivalent

Discovery at Webbs

Rapid Critical Metals Limited (ASX, RCM) has revealed a significant breakthrough at its Webbs Silver Project in northern New South Wales with the identification of a new parallel silver lode. This discovery emerged from a recently completed 2,000-metre diamond drilling campaign, marking a notable expansion beyond the previously known Main Lode system.

The newly identified lode lies approximately 120 metres west of the Main Lode and is characterised by silver-bearing sulphide mineralisation. Early assay results are compelling, with standout intercepts such as 2.24 metres grading 1,115 grams per tonne silver equivalent within a broader 13.6-metre zone averaging 291 grams per tonne silver equivalent. These figures underscore the potential for a multi-lode silver system within the broader Webbs structural corridor.

Geological Context and Significance

Geophysical data supports the interpretation of the new lode’s strike as roughly north-northeast to south-southwest, running parallel to the existing Main Lode. This structural alignment suggests a repeatable mineralised system, typical of the region’s silver deposits. The discovery is still at an early stage, with mineralisation open both along strike and at depth, indicating that the true scale and continuity of this new lode are yet to be fully understood.

Rapid’s Managing Director, Byron Miles, highlighted the discovery as validation of the company’s strategic approach to the Webbs Project. He emphasized that the intercepts demonstrate untapped potential and could meaningfully add to the company’s mineral inventory, reinforcing investor confidence in the project’s future.

Next Steps and Exploration Outlook

Following the initial drilling success, Rapid plans to complete assays from the remaining drill holes and refine its geological and structural models to better understand the new lode’s geometry. A substantial 15,000-metre exploration program is slated for 2026, aimed at step-out and infill drilling to delineate the resource potential more precisely.

The company is also considering additional geophysical surveys, including micro-gravity studies, to identify further drill targets within the Webbs structural corridor. These efforts align with Rapid’s broader strategy to aggressively explore and develop its high-grade silver assets, supported by a fully funded and experienced management team.

Broader Implications

This discovery adds momentum to Rapid Critical Metals’ portfolio, which also includes the Conrads Silver Project in New South Wales and the Prophet River Gallium–Germanium Project in Canada. The Webbs Project’s expanding resource footprint could enhance the company’s valuation and attract further investor interest as exploration advances.

While the discovery is promising, it remains early days. The company must confirm the new lode’s extent and economic viability through ongoing drilling and technical evaluation. Nonetheless, the initial results provide a strong foundation for future resource upgrades and development milestones.