Additional Information
Market: ASX
Sector: General Mining - Uranium & Lithium
EPIC: TOE
Latest Price: A$0.08  (0,00%)
52-week High: A$0.11
52-week Low: A$0.07
Market Cap: A$83.35M
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Toro Energy
www.toroenergy.com.au

Toro Energy (ASX: TOE) is well placed to operate one of the first new Western Australian uranium mines. The company is also an explorer in Western Australia, the Northern Territory, South Australia and in the African country of Namibia.

The Wiluna Project is at an advanced stage in government assessment and approval, with Toro planning to commit to construction late next year for first production in 2013. The project hosts two shallow (generally less than 10m deep) calcrete deposits with a Measured, Indicated and Inferred resource of 24.4Mlbs of contained Uranium (U3O8) in the current project approved.

Pdf

Toro Energy completes acquisition of Dawson-Hinkler Well Project from U3O8

13th Dec 2010, 9:58 am

Toro Energy (ASX:TOE) has added a significant additional resources close to its advanced Wiluna Uranium Project, currently being assessed for approval by the Western Australian and Federal Governments, with the completed 100% acquisition of the Dawson-Hinkler Well Uranium Project.

Toro will pay A$6.2 million to U3O8 (ASX Code: UTO), increasing its uranium resource base by 25%, to over 30 million pounds of uranium oxide.

Dawson-Hinkler is just 15 kilometres west of Toro’s Centipede deposit, which is one of two deposits comprising the Wiluna Project.

The acquisition is in line with the company's aim of resources consolidation, with drill programs to start at the project in 2011.

Toro will also conduct preliminary test work to better define properties such as rock density and leach characteristics.

 

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