Rapid Increases Land Holding by 26 X

Rapid Increases Land Holding by 26 X

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
The Conversation (0)
Rapid Successfully Undertakes $10.5M Capital Raising to Fund Acquisition of the Webbs and Conrads NSW Silver Projects

Rapid Successfully Undertakes $10.5M Capital Raising to Fund Acquisition of the Webbs and Conrads NSW Silver Projects

Rapid Critical Metals Limited (‘Rapid,’ ‘RCM’ or ‘Company’) is pleased to announce that the Company has received firm commitments from institutional, sophisticated and professional investors for the placement of 437,500,000New Fully Paid Ordinary Shares (New Shares) at an issue price of A$0.024 per new share (post 12-for-1 consolidation) to raise gross proceeds of A$10.5 million (Placement). The Placement comprises two tranches:

Keep reading...Show less
Silver bars with rising chart, "Weekly Editor's Picks" text overlay.

Editor's Picks: Silver Price Hits 13 Year High, Gold Takes a Breather

Gold was on the decline this week, closing just below US$3,370 per ounce, after tensions in the Middle East pushed it past the US$3,430 level toward the end of last week.

All eyes were on the US Federal Reserve, which in a widely expected move left interest rates unchanged on Wednesday (June 18) following its two day meeting. The central bank cut rates in December 2024, but has kept them steady for its last four gatherings.

US President Donald Trump wasn't pleased, calling Powell "too late" in a Thursday (June 19) post on Truth Social. While speculation that Trump will fire Powell has died down, the president did recently say he intends to announce his next pick for the Fed leader position "very soon."

Keep reading...Show less
Silver metallic dice spelling "ETF" against stock chart background.

10 Silver ETFs for Every Investing Style in 2025

Investors looking for exposure to the silver price and silver-mining companies should consider silver exchange-traded funds (ETFs).

Spurred by moves in the gold market, safe-haven buying as well as increasing demand from industrial sectors, silver saw strong price movements in the first half of 2025, breaching US$37 per ounce for the first time since 2011.

While silver has often been seen as a more approachable precious metal owing to its lower per ounce price, its performance has lagged gains seen in the gold price over the past few years. However, silver stole some of the spotlight in the second quarter of 2025 as it saw significant gains on the back of geopolitical tension and economic uncertainty from the US trade and tariff policy.

Keep reading...Show less
Silver bars and US$100 bills with a rising chart overlay.

Silver Price Surges to US$37, Highest Value Since May 2011

After being overshadowed by gold early in the year, silver has been in the spotlight in recent weeks.

The white metal broke through the US$37 per ounce mark on Tuesday (June 17) for the first time since May 2011.

Recent economic and geopolitical events have raised analysts’ expectations of a September rate cut from the US Federal Reserve, helping to fuel safe-haven buying of silver and gold.

Keep reading...Show less

Latest Press Releases

Related News

×