Toro Energy Announces 20% Increase in Mineral Resources at Wiluna’s Centipede/Millipede Deposits

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Toro Energy Limited (ASX:TOE) announced a 20% increase to the mineral resource estimate for the Centipede and Millipede deposits at its 100% owned Wiluna uranium project in Western Australia.

As quoted in the press release:

Centipede and Millipede are expected to be the first two deposits mined at Wiluna accounting for the bulk of the important first seven years of operations.
The mineral resource increase follows the completion of geochemical analysis from recent drilling at Wiluna by Toro. The uranium mineralisation in each the Wiluna deposits is shallow lying and extends from around two metres from surface to a depth of around eight to ten metres. Highlights of the drilling include half metre composite sample assays that have delivered results consistently over 2,000 ppm U3O8 and included one assay of 8,406 ppm U3O8 (WS0172).

Increases in resources and grade at all cut-off levels is expected to have a direct and favourable impact on processing head grade and ultimately contribute to a continued improvement in the forecast project economics particularly during early years of operations at Wiluna.

Toro Energy Managing Director Dr. Vanessa Guthrie stated:

This improvement in our resource is the result of rigorous scientific research and analysis by our geology team

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