Rapid Critical Metals Hits 1,230g/t Silver at Webbs and Extends Zone 300m South

Rapid Critical Metals hits 1,230 g/t silver at Webbs and extends mineralisation 300m south

Rapid Critical Metals has returned 4m at 1,230 g/t silver equivalent (AgEQ) — 35.9 oz/t — from 136m depth in hole WSRC0019 at its 100%-owned Webbs Silver Project in northern New South Wales. The intercept sits within a broader 37.4m zone grading 278.8 g/t AgEQ from 126.6m. The assays, covering 20 holes from the ongoing drill program, have extended the mineralised system more than 300m south of the current resource (WSRC0012) and confirmed exceptional grades in a second intercept 1km north in the main Webbs lode (WSRC0028: 7m at 641.8 g/t AgEQ from 75m). A third drill rig is joining the program within weeks.

Standout silver intercepts headline the latest batch

The latest batch of results delivers what the company emphasises as grade and width together. WSRC0019’s 1,230 g/t AgEQ peak sits inside a 37.4m envelope, demonstrating both intensity and scale in a single intercept. A second exceptional result — WSRC0028’s 7m at 641.8 g/t AgEQ — occurred approximately 1km north along the main Webbs lode, reinforcing the corridor’s continuity.

Silver equivalent (AgEQ) is a metric that converts recoverable copper, lead, and zinc into a single silver-grade figure, allowing you to assess total contained metal value in one number. Webbs is polymetallic, hosting silver, copper, lead, and zinc across the lode. The calculation uses 5-year average metal prices and 2021 metallurgical recovery assumptions, smoothing short-term volatility. A higher AgEQ tells you there is more recoverable metal value per tonne, which directly underpins project economics if the resource advances.

A single lode becomes a mineralised corridor

Webbs is no longer behaving as a single lode. The latest drilling supports an evolving geological interpretation: a broader mineralised corridor hosting stacked or parallel lodes. WSRC0012 has pushed mineralisation more than 300m south of the current resource extent, and the system remains open in every direction tested. The company notes that results are likely moving significant amounts to higher levels of resource classification, though this is not yet a confirmed resource upgrade — the language is conditional, and updated models are pending.

Grades running above historic production

WSRC0019’s silver grade of 981 g/t Ag (28.6 oz/t) over 4m runs approximately 25% above the 23 oz/t average grade of ore mined at Webbs between 1884 and 1901. The historic context matters:

• Silver was first discovered at Webbs in 1884
• Approximately 55,000 tonnes of ore were mined between 1884 and 1901 at an average grade of 23 oz/t Ag
• Current drilling is confirming — and in places, upgrading — the tenor of mineralisation along the lode

The comparison tells you that the grades intercepted now are not statistical outliers. They sit at or above the grades that were economically viable more than a century ago, under far less efficient processing conditions.

Pace lifts with third rig and approvals in hand

Environmental approvals have been received for the Webbs Consol Project, and a third drill rig is booked to join the program within weeks. The company states it is well funded to advance planned exploration. Next steps include:

• Follow-up drilling on interpreted parallel lodes and the new southern extension
• Continued resource growth and discovery drilling along the Webbs–Webbs Consol corridor
• Integration of results into updated geological and resource models
• Assays for the balance of holes drilled — still pending

Byron Miles, Managing Director

“WSRC0019 is a standout result by any measure — 4m at 1,230 g/t silver equivalent, sitting inside a 37.4m zone averaging 278.8 g/t. Exceptional grade and real width in the same intersection is exactly what we have been drilling for.

Just as important, WSRC0012 has pushed the system more than 300m further south and WSRC0028 has delivered a second exceptional intercept a kilometre to the north. Webbs is behaving like a mineralised corridor rather than a single lode, and it is still open in every direction we test.

With approvals now in hand at Webbs Consol and a third rig joining us within weeks, we are stepping up the pace into the second half of 2026.”

Why the latest Webbs results matter

The latest results deliver three things that matter for investors tracking Rapid’s trajectory: exceptional grade, meaningful width, and a growing footprint beyond the current resource. WSRC0019’s 4m at 1,230 g/t AgEQ inside a 37.4m zone is not a narrow vein intercept — it is width and intensity together. WSRC0012 extends the system more than 300m south, and mineralisation remains open in every direction tested. Webbs sits within Rapid’s broader NSW silver portfolio (Webbs, Webbs Consol, Conrad) and the Prophet River Gallium–Germanium Project in Canada, following the company’s mid-2025 pivot to high-grade silver and critical minerals. The setup ahead is catalyst-rich: pending assays, expanded drilling with a third rig, and potential resource classification uplift. What this gives you is a steady flow of news through H2 2026, with each batch of results either expanding the footprint or lifting confidence in what is already defined.

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