Rapid Critical Metals (ASX:RCM) is set to conduct a 15,000‑meter drill program after its maiden drilling campaign identified a new zone of mineralization over 120 meters from the current orebody at the Webbs Consol project in New South Wales and struck broad, high‑grade intersections, according to a Tuesday Australian bourse filing.
It also plans to begin a feasibility study on the project.
The firm's shares fell 3% in recent trading on Tuesday.