Rapid Critical Metals Limited · ASX:RCM
Rapid Critical Metals — Investor Presentation (July 2026)
27 slides from Rapid Critical Metals's investor presentation, Jul 22, 2026
Slide 1: Investor Presentation
July 2026 For personal use only Investor Presentation Australian high-grade silver explorer with strategic critical-metals optionality - silver + germanium & gallium, two drill-ready assets in 2026 ASX: RCM
Slide 2: Disclaimer
Disclaimer GENERAL — NOT FOR US DISTRIBUTION FORWARD-LOOKING STATEMENTS COMPETENT PERSONS STATEMENTS For personal use only INFORMATION RELATING TO MINERAL RESOURCE ESTIMATES Further details of the Company’s Conrads and Webbs JORC Mineral Resource Estimates are contained within the Company’s ASX anno
Slide 3: Two value-creation engines, one funded vehicle
Two value-creation engines, one funded vehicle TRACK 01 · NSW SILVER — THE ENGINE OF EXECUTION TRACK 02 · PROPHET RIVER — THE UPSIDE LEVER Convert grade leadership Seed a second high-grade leg For personal use only into producer scale. in critical metals. Inventory 2026 Drilling Peak Grade Permittin
Slide 4: Performance since recapitalisation
Performance since recapitalisation MAY 2025 SEP 2025 DEC 2025 16 JUNE 2026 Initial Acquisition Portfolio Consolidation Discovery & Funding BC Mines Act Permit Secured For personal use only MID 2025 OCT 2025 JAN 2026 Pivot & Recap NSW Footprint Expanded Lithium Optionality Secured TAKEAWAY — 13 MONTH
Slide 5: Corporate snapshot
Corporate snapshot STRATEGIC HOLDING Lithium Exposure (non-core) ASX: IR1 | Iris Metals SHARE PRICE MARKET CAP CASH & LISTED EQUITY SHARES ON ISSUE RCM HOLDS ~10.7 MILLION IR1 SHARES • Provides balance sheet optionality and funding $0.03 $35.9M ~$9.48M 1.20B flexibility. As at 17 July 2026 as at 17
Slide 6: Market comparables
Market comparables Grade vs Market Cap – Significant Re-Rating Potential (A$M) 450 400 For personal use only 350 THE VALUE GAP 300 Silver AgEq (Moz) RCM is positioned for growth. Companies with similar high-grade 250 Market Cap (A$M) silver ounces are trading at significantly higher market capitalis
Slide 7: NSW silver portfolio overview
NSW silver portfolio overview ~67 Moz For personal use only WEBBS SILVER WEBBS CONSOL CONRAD 14.2 Moz 32 Moz 20.7 Moz Sealed Roads Grid Power Nearby Town Skilled Labour Direct site access Established network Workforce hub Regional pool ASX: RCM
Slide 8: Webbs Silver Project: Discovery of new parallel lode
W E B B S S I L V E R PRO J E C T Discovery of new parallel lode DISCOVERY OF PARALLEL LODE 136 g/t AgEq For personal use only 13.6m @ 312 g/t AgEq BONANZA INTERCEPT · DDH016 HIGH-GRADE WIDTH · RC076 Drill hole WSD005 from 39.1m depth1 9.6m @ 2,422 g/t Ag 23m @ 1,533 g/t AgEq from 83m downhole incl.
Slide 9: Webbs Consol Silver Project
W E B B S C O NS O L S I L V E R PRO J E C T Historic 636 g/t system, modern drill confirmation 32 Moz 636 g/t For personal use only WCS045 WCS050 116.1m 65.8m Tangoa West (WCS052) drill core — visible bonanza-grade silver and base-metal mineralisation. 149.2m MET RECOVERY 90%+ ASX: RCM 9 July 2026
Slide 10: Outstanding flotation recoveries across the portfolio
W E B B S & C O NS O L S I L V E R PRO J E C T S · ME T AL L URG Y Outstanding flotation recoveries across the portfolio CONSOL MASTER CONSOL FINES WEBBS MASTER Head 670 g/t Ag · 14.0% Pb · 16.0% Zn Head 774 g/t Ag · 14.5% Pb · 18.2% Zn Head 134 g/t Ag · 0.65% Pb · 1.31% Zn For personal use only 98.
Slide 11: XRT ore sorting upgrades historical stockpile material
W E B B S S I L V E R PRO J E C T · O RE S O RT I NG XRT ore sorting upgrades historical stockpile material WSHMM · HISTORICAL ORE WPWHS · PROCESSED WASTE 553.8 kg · 10–40 mm 21.8 kg · 6–14 mm For personal use only 565 g/t → 994 g/t Ag 165 g/t → 1,120 g/t Ag feed → product feed → product 44% 98% 94%
Slide 12: Conrad Silver Project
C O NRAD S I L V E R PRO J E C T A 20.72 Moz historic district - 7.5 km of mineralised trend 20.72 Moz 193 g/t For personal use only Indicated 2.1 Mt 195 Inferred 1.2 Mt 189 Total 3.33 Mt 193 Historic Producer Multiple Open Lodes Scale Potential ~3.5 Moz Ag at ~600 g/t Ag — Mystery, King Conrad, Bor
Slide 13: Exploration upside
Exploration upside MINERALISED STRIKE Granite-hosted mineralisation: The Mole Granite drives fault-controlled silver mineralisation 12 across the High Prospect Area. km For personal use only 2026 CATALYST New discovery potential High-grade Ag-Pb-Zn GROWTH DRIVERS 01 · UNTESTED OUTCROPS 14.2 Moz @ 20
Slide 14: Scoping study - pathway to producer
Scoping study - pathway to producer De-risk the pathway from explorer to future silver producer in NSW. For personal use only 01 02 03 04 05 06 07 Geology & Resource Metallurgy Mining Engineering Processing Infrastructure ESG & Permitting Marketing & Offtake Q1 2026 Q1–Q2 2026 Q2 2026 2H 2026 Study
Slide 15: Silver drill & development program
Silver drill & development program ~15,000m Scoping Study Expanding high-grade silver zones For personal use only To be completed in H2 2026 Testing new parallel lodes 2026 PROJECT WORKSTREAM TIMETABLE Upgrading inferred resources ~15,000 m drilling Assays CATALYST-HEAVY SCHEDULE Tooloom Silver Proj
Slide 16: Prophet River
British Columbia, Canada · Tier-1 critical-metals jurisdiction Prophet River For personal use only Gallium — Germanium project, permitted and drill-ready for Q3 2026. MAIDEN PROGRAM 763 121 50 Q3 July 2026 · Rapid Critical Metals Limited (ASX: RCM) ASX: RCM
Slide 17: Why germanium & gallium, why now
Why germanium & gallium, why now LIMITED SUPPLY From US$200/kg to US$2,269/kg in 8 years ~80% of primary global Ga/Ge supply is concentrated in China. For personal use only TIER-1 JURISDICTION Prophet River is one of the only ASX-listed Ge/Ga projects globally. DESIGNATED CRITICAL & FUNDED Western g
Slide 18: Field work confirms a high-grade system
Field work confirms a high-grade system 01 · SETTING 03 · GEOPHYSICS Zinc-hosted Ga–Ge mineralisation at the IP & AMT define drill-ready targets. historic Cay Mine. For personal use only 02 · RCM FIELD PROGRAM 2025 rock-chip results confirm and exceed historic OUTCOME data. Geophysical datasets serv
Slide 19: Permit in hand | Q3 2026 maiden drill program
Permit in hand | Q3 2026 maiden drill program PERMIT RECEIVED DRILL SITES APPROVED HELICOPTER LANDING PADS MAIDEN PROGRAM 16 June 2026 50 pads 25 helipads 2,000–3,000m BC Mines Act Multi Season Mandate For personal use only 5-year permit. WHAT THIS PERMIT UNLOCKS PEAK GE OR GA GRADE — ASX PEER POSIT
Slide 20: 2026 engineered catalysts
2026 engineered catalysts Q3 2026 Q4 2026 TRACK 01 DONE DONE NSW SILVER NSW SILVER NSW Silver • Tooloom Silver Project acquisition RESOURCE GROWTH & NEW LODE • MET testwork (METS) commenced UPDATED MRE & SCOPING STUDY For personal use only ~15,000 m drilling · (18 Apr ‘26) – subject to completion FO
Slide 21: Investment summary
Investment summary 01 · ULTRA-HIGH-GRADE SILVER 02 · DISCOVERY & GROWTH 03 · NEAR-TERM CATALYSTS Two-asset, high- 67 Moz AgEq · NSW 12 km mineralised strike ~15,000 m drilling in 2026; MRE Update, Scoping Study For personal use only grade, critical • Webbs, Conrad & Webbs Consol — JORC 2012 inventor
Slide 22: Board & management
Board & management For personal use only John Poynton AO Byron Miles Michael Schlumpberger Michael McNeilly Rick Anthon Martin Holland Non-Executive Director Non-Executive Director Non-Executive Director Non-Executive Chair Managing Director Non-Executive Director Audit & Risk Committee Member Audit
Slide 23: Contact
Contact For personal use only HEAD OFFICE Rapid Critical Metals Limited RCM EMAIL info@rapidmetals.com.au WEBSITE rapidmetals.com.au ASX: RCM
Slide 24: Mineral resource summary
Mineral resource summary PROJECT CATEGORY TONNES (MT) AGEQ (G/T) CONTAINED AGEQ (MOZ) ASX RELEASE For personal use only 0.8 252 6.5 Webbs Silver 1.4 178 7.7 NSW, 100% RCM Total 2.2 205 14.2 1.56 636 32.0 Webbs Consol NSW, 100% RCM Total 1.56 636 32.0 2.1 195 13.2 Conrad 1.2 189 7.5 NSW, 100% RCM Tot
Slide 25: Drill-hole assays
Drill-hole assays WEBBS SILVER PROJECT · NEW PARALLEL LODE (DEC 2025) DDH016 83.0 9.6 2,422 g/t Ag For personal use only RC076 — 23.0 1,533 g/t AgEq WEBBS CONSOL · STANDOUT INTERCEPTS (MODERN CAMPAIGN) WCS045 — 116.1 1,003 WCS050 — 65.8 904 Defining intercept — visible bonanza-grade core; intercepts
Slide 26: Ge/Ga peer benchmarking
Ge/Ga peer benchmarking COMPANY TICKER PROJECT JURISDICTION STAGE KEY GE / GA GRADE SIGNATURE For personal use only Peak 763 g/t Ge (Sample 304178, Nose) Rapid Critical Metals RCM Prophet River BC, Canada Exploration · drill-permitted Peak 121 g/t Ga (Sample 304164, Wolverine) Nimy Resources NIM Wes
Slide 27: Notes & footnotes
Notes & footnotes WEBBS SILVER PROJECT WEBBS CONSOL & CONRAD PROPHET RIVER PROJECT For personal use only JORC 2012 · 22 May 2025 JORC 2012 · 15 Sep / 22 May 2025 Exploration results · 30 Jan / 16 Jun 2026 Metal-equivalency assumptions Webbs Consol AgEq assumptions Rock-chip sampling disclosures Reas
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