Rapid’s Massive Land Grab Near Webbs Raises Stakes Ahead of Shareholder Vote
Rapid Critical Metals is dramatically increasing its land position adjacent to the Webbs Silver Project, aiming to unlock new silver discoveries and expand existing resources with a significant exploration push.
- Land holding increased 26-fold via Exploration Licence Application 6911
- Secures strategic silver corridor between Rapid and Lode Resources
- A$2.5 million exploration budget including micro gravity survey and diamond drilling
- Focus on discovering blind parallel silver lodes to grow resource base
- Acquisition subject to shareholder approval at July 7, 2025 EGM
Strategic Expansion Adjacent to Webbs Silver Project
Rapid Critical Metals Limited has announced a transformative expansion of its land holdings near the high-grade Webbs Silver Project in northern New South Wales. The company’s Exploration Licence Application 6911, once granted, will increase its land position by an extraordinary 26 times, securing a critical silver corridor that links Rapid’s assets with those of fellow ASX-listed Lode Resources.
This move is more than just acreage accumulation; it strategically positions Rapid to explore and potentially discover blind parallel lodes; hidden veins of silver mineralisation that could significantly boost the existing resource base. The new land package covers over 20 kilometres of the highly prospective Mole River Granite, a geological formation known for hosting tin, silver, molybdenum, and base metal deposits.
Focused Exploration and Resource Growth Plans
Rapid is not waiting to unlock the potential of this expanded footprint. A micro gravity survey is set to commence in mid-June 2025 on the southern end of the Webbs deposit. This geophysical technique aims to define the ore body’s signature, helping to interpret further blind parallel structures and identify new targets for discovery. Following this, the company plans to drill six diamond holes up to 500 metres deep to collect fresh samples for metallurgical testing and structural analysis.
With a dedicated budget of A$2.5 million allocated to the Webbs Silver Project, Rapid is moving swiftly to complete these work programs. The goal is to update the JORC-compliant mineral resource estimate, currently standing at 14.2 million ounces of silver equivalent at 205 grams per tonne, and to expand it through targeted drilling of strike and down-dip extensions.
Leadership and Market Implications
Rapid’s Managing Director, Martin Holland, highlighted the value brought by the incoming Managing Director, Byron Miles, who has already influenced the company’s strategic direction even before the transaction’s completion. The acquisition and exploration efforts align perfectly with Rapid’s priorities to grow the Webbs resource and pursue new discoveries in this prolific district.
However, the acquisition remains subject to shareholder approval at the upcoming Extraordinary General Meeting on 7 July 2025. Should the transaction proceed, the expanded land holding and aggressive exploration program could materially enhance Rapid’s position in the silver exploration sector, potentially attracting increased market attention and investment.
Bottom Line?
Rapid’s bold land expansion and exploration push set the stage for a pivotal chapter in its silver discovery journey.
Questions in the middle?
- Will the shareholder vote on July 7 approve the acquisition to unlock this expanded land position?
- What early results will the micro gravity survey and initial drilling deliver regarding blind parallel lodes?
- How might the updated JORC resource estimate reshape Rapid’s valuation and market perception?
