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The latest announcement is out from Armada Metals Ltd. ( (AU:RCM) ).
Rapid Critical Metals has secured its first drilling approval for the Webbs Silver Project in northern New South Wales, clearing the way for a new reverse circulation program aimed at extending a recently discovered western parallel lode and the southern extension of the existing ore zone. The company is mobilising two drill rigs, with the initial campaign designed to expand the current resource and test for further parallel lodes, signalling a concerted push to build project scale and potentially enhance the project’s long-term development prospects.
By combining resource-extension and exploration drilling along the southern margin of the deposit, Rapid is targeting both near-resource growth and new discoveries within the Webbs system, which could materially increase the project’s resource base if successful. The phased deployment of rigs, contingent on additional approvals, underscores a structured expansion strategy that may strengthen the company’s position in the silver exploration sector and could be closely watched by investors seeking exposure to emerging silver projects.
More about Armada Metals Ltd.
Rapid Critical Metals Ltd is an Australian exploration company focused on its 100%-owned Webbs Silver Project in northern New South Wales, targeting high-grade silver mineralisation and resource growth through drilling and discovery of additional lodes.
Average Trading Volume: 3,345,832
Technical Sentiment Signal: Sell
Current Market Cap: A$44.25M
See more insights into RCM stock on TipRanks’ Stock Analysis page.