The Conversation (0)
Rapid Critical Metals Limited ('Rapid' or 'Company') is pleased to announce that is increasing its land holding adjacent to the high-grade Webbs Silver Project 1 ,2 (Webbs Project or Project) with Exploration Licence Application 6911, an exciting land package to complement its new silver acquisitions.
HIGHLIGHTS
- Increase in Rapid’s land holdings by 26 x adjacent to the high grade Webbs Project, when granted;
- Secures the silver corridor between Rapid and ASX-listed Lode Resources;
- Maximising Rapid’s opportunity to find blind parallel lodes to increase the Webbs resource;2,3
- ELA 6911 covers over 20km of the highly prospective4 Mole River Granite and its immediate periphery; and
- Micro Gravity commencing in mid-June 2025 on the southern end of the Webbs' deposit to define the ore body signature to help interpret further blind parallel structures and identify further targets for new discoveries.
Figure 1: New ELA 6911 showing proximity to the Webbs Silver, Webbs Consols, and Taronga Tin deposits: Mole River Granite shown as orange stipple.
Figure 2: New ELA 6911 in yellow showing Webbs Silver in green; competitor tenements; and potential silver trends in light blue.
Commenting on the acquisition of this large new land holding, Rapid Critical Metals’ Managing Director, Martin Holland, said:
“It’s exciting to see the new proposed managing director, Byron Miles, adding value to Rapid even before the transaction has completed. This new land holding fits perfectly with our priorities of expanding the JORC resources of Webbs and finding new discoveries in the district”.
Click here for the full ASX Release
This article includes content from Rapid Critical Metals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
RLL:AU
