Identify – Priority projects in Nigeria, using modern exploration techniques.
Explore – Deliver a JORC resource confirmation, accelerate Zinc and Lead to market
Enhance – Rationalise existing tenements, and accumulate additional prospective tenements
Cashflow and Expansion – Commercialise high end projects that deliver early cashflow. Expansion of our resource footprint to generate greater long term value projects
The Board of Symbol Mining has a clear strategy to expedite cashflow through the commercialisation of high end Zn, Pb and Ag projects, followed by the expansion of its world class resource base to generate greater long term value.
Symbol will initially focus on its maiden JORC resource at its Macy deposit, and anticipates production in Q2 2018.
Symbol’s point of difference is its ability to be a low-cost producer of zinc and lead concentrates, through minimal processing requirements and projects which are close to road/rail infrastructure. Its anticipated that zinc and lead concentrates will be sold to confirmed customers in China and Europe.
Simple production flow sheet:
- DSO from shallow open pit
- Crushing, screening, washing & sorting
- Three product lines anticipated being zinc product (50% Zn), lead product (60% Pb) and mixed product (30% Zn/4%Pb).
- Containers at site, trucked to Lagos to Bollore warehouse
- Containers loaded onto bi-monthly shipping service
- Smelters confirmed in China & Europe