Toro Energy: Western Australia’s Next Uranium Producer

Geography

New to Uranium Investing News: Toro Energy Limited (ASX:TOE), focused on becoming a mid-tier global uranium producer. The Company’s flagship property is the Wiluna Uranium Project in Western Australia. Wiluna is expected to become Australia’s next uranium producer.

Toro Energy Limited (ASX:TOE) is set to become Western Australia’s next uranium producer through the Wiluna Uranium Project. The advanced development-stage project hosts six deposits with a regional JORC-compliant resource of 76.5 million pounds of U3O8 with more than 80% in the Measured and Indicated categories.

“In the last two years we’ve increased our market cap from around $80 million to around $150 million on the ASX,” stated Dr. Guthrie, Toro Energy Managing Director.

Investment Highlights include:

Australia is the world’s third-largest producer of uranium and a preferred supplier to East Asian markets.
Toro Energy Managing Director, Dr. Vanessa Guthrie appointed to the Australian-India CEO Forum.
The Wiluna Uranium Project most advanced Australian uranium development project.
2Mlb/a U3O8 production for a minimum of 16 years.
Current market capitalization approximately $150M.
Further development and exploration stage assets in the portfolio.
Sufficient government environmental approvals in place to progress mine development subject to finance.
Upcoming catalysts:
- further environmental approval for Millipede and Lake Maitland deposits in 2016.
- traditional owner agreements.
- final Feasibility Study is expected for completion in 2016.
Major Shareholders include
- The Sentient Group
- RealFin Capital partners
- Mega Uranium
- OZ Minerals