The Conversation (0)
Toro Energy Limited (ASX:TOE) Managing Director, Dr Vanessa Guthrie, presented to the Sydney Mining Club on Thursday 1 October 2015 on the critical role for uranium in a clean energy future and the opportunity for Toro to participate in that future.
Toro Energy Limited (ASX:TOE) Managing Director, Dr Vanessa Guthrie, presented to the Sydney Mining Club on Thursday 1 October 2015 on the critical role for uranium in a clean energy future and the opportunity for Toro to participate in that future.
As quoted in the press release:
In her presentation Dr Guthrie reiterated:
- That while uranium prices have taken longer than anticipated to recover, the long term fundamentals for uranium remain strong
- There is a forecast demand/supply gap emerging with Japan recently restarting its Sendai I reactor with another 20+ restart applications in place, in addition to the 344 operational reactors worldwide and the 69 reactors currently under construction
- Market conditions support Toro’s continued development plans for Wiluna; and
- Toro’s vision of creating a significant mid-tier uranium company
- The Wiluna Project is the most advanced uranium project in Australia with State and Federal Environmental approvals granted for the Centipede and Lake Way deposits
- The Wiluna Project extension – including the additional Millipede and Lake Maitland deposits – is on track with State and Federal Environmental applications submitted
- Toro has a clear pathway to production for the Wiluna Project – the Project is well set to move to construction stage as soon as the uranium spot price improves
- Western Australia is on the doorstep of the fast growing and uranium-hungry economies of China and India
Connect with Toro Energy Limited (ASX:TOE) to watch the full FNN interview