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Symbol Mining Ltd.

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Summary

Project:

Imperial

Deposit:Macy
Location:Nigeria
Commodities:Zinc-Lead
Date:4/16/2018
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:16-4-2018: Symbol Mining Ltd. announces a Resource Estimation report for its Macy deposit at the Imperial project. Additional information for 23 March resource estimate to comply with JORC Code and ASX listing rules. Symbol Mining Limited (ASX:SL1) Symbol
Resources:(Resource, I+I): 132.7Kt @ 18.3% Zn, 2.1% Pb
CP/QP:[Resources]: Lynn Widenbar (Widenbar and Associates Pty Ltd.)
ABSTRACT:Symbol Mining Limited (ASX:SL1) Symbol or the Company) refers to the Macy Deposit Indicated and Inferred JORC Resource of 132,700t at 18.3% Zn and 2.1% Pb released to the ASX on 23 March 2018 and provides this amended Macy JORC Resource Update to provide, in accordance with ASX Listing Rule 5.8.1, a summary of the information provided in the Appendix JORC Tables 1, 2 and 3. The known prospects at the Imperial Project are fault controlled veins that have many of the characteristics of significant Pb/Zn deposits described as poly metallic or clastic hosted veins. Product previously mined at the site had reported grades of 38% Pb and 19% Zn with discrete layers of Galena and Sphalerite over significant strike distance. With over 400km2 of tenement package there is significant regional prospectivity. The Imperial main vein is a sandstone hosted 1,600m strike length of artisanal, open pit and underground historical mining. Significant tonnage has been extracted from the site historically. The orebody is clearly defined with extensive weathered massive sulphides of galena, sphalerite, pyrite and chalcopyrite through multiple veins.

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