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The OSG Reduced Shank Drill Bit 1-1/16 Dia, 1/2 Shank Dia, 118, High Speed Steel is ideal for professional machinists, toolmakers, and hobbyists who require precision drilling in various materials such as wood, plastic, and metal. Its unique reduced shank design ensures compatibility with standard chucks while minimizing wobbling for enhanced accuracy during drilling. The high-speed steel construction offers superior performance and longer life compared to carbon steel options. The 118 point angle allows for fast and efficient drilling in different material types, making it an essential tool in various industries such as aerospace, automotive, medical, and machining. The reduced shank design also ensures convenient storage and reduced risk of damaging the bit when not in use.