Rapid Critical Metals Adds 32Moz Silver Equivalent with Webbs Consol Acquisition

Strategic Acquisition Bolsters Silver Portfolio

Rapid Critical Metals Limited (ASX – RCM) has taken a decisive step forward by completing the acquisition of the Webbs Consol Silver Project from Lode Resources Limited. This transaction, approved by shareholders in late November 2025, adds a substantial 32 million ounces silver equivalent at high grades to Rapid’s existing holdings in New South Wales, consolidating a contiguous silver corridor within the prolific New England Fold Belt.

The acquisition not only increases the company’s critical mass but also enhances its potential for new discoveries and integrated development, with three nearby high-grade deposits now under unified ownership. This strategic move aligns with Rapid’s ambition to become a leading silver-focused growth company on the ASX.

New Silver Lode Discovery Ignites Exploration Momentum

Following a 2,000-metre diamond drilling program at the wholly owned Webbs Silver Project, Rapid announced the discovery of a previously unrecognised parallel silver lode approximately 120 metres west of the existing Main Lode system. Early assay results have revealed broad, high-grade silver intersections, including standout intercepts such as 2.24 metres at 1,115 grams per tonne silver equivalent.

This discovery confirms the presence of a multi-lode silver system and opens the door for a significant expansion of the resource footprint. The company plans to launch an ambitious 15,000-metre drilling campaign in 2026, subject to approvals, to further delineate and expand these promising mineralised zones.

Leadership and Technical Expertise Strengthened

In a notable corporate development, Rapid appointed John Poynton AO as Chairman during the quarter. Mr Poynton brings decades of experience in corporate advisory, capital markets, and mining investment, having served on numerous ASX-listed company boards and government bodies. His leadership is expected to provide strategic guidance as Rapid advances its exploration and development agenda.

Complementing this, the company engaged METS Engineering Group to undertake a scoping study for its NSW silver projects. METS’ global metallurgical and processing expertise will underpin efforts to optimise project economics and support future development plans.

Portfolio Rationalisation and Financial Position

Rapid has continued to streamline its portfolio, completing the sale of its Ingersoll and Tin Mountain projects in the United States, now holding a 7.3% stake in Iris Metals Limited as part of these transactions. Meanwhile, the company is focusing capital and resources on its NSW silver assets and Canadian projects rich in strategic metals such as gallium and germanium.

However, the company expects to record an impairment of approximately AUD 2.6 million on its Zimbabwean assets, reflecting a strategic decision to concentrate on higher-potential projects. Financially, Rapid maintains a robust position with over AUD 15 million in cash and equity, supporting its aggressive exploration plans.

Looking Ahead

With assay results from the latest drilling expected imminently and a comprehensive drilling program on the horizon, Rapid Critical Metals is poised for a period of significant news flow and potential value creation. The company’s integrated approach to exploration, development, and corporate governance signals a confident stride towards unlocking the full potential of its high-grade silver corridor in New South Wales.