The Tawny Joint Venture is a partnership between Symbol (60% controlling interest) and Adudu Farms Nigeria Ltd (40%) and is a high-grade zinc, lead and silver prospect. It is located 150km east/south-east of the capital Abuja in the state of Nasawarra – only 4km from a major highway.
The Joint Venture contains one exploration lease over 7km2 and is a brownfields exploration opportunity. The landholding has been subject to historical open pit mining and underground mining with a decline developed in 2009 and reported grades of 41% Pb and 24% Zn. A number of XRF (X-ray fluorescence) readings were taken by others which revealed zinc values of up to 45%, lead values of up to 25% and silver of 600 parts per million (ppm).