Toro Energy Placates Fears Over Wiluna Project Time Frame

Dec. 21, 2012 04:15AM PST

Mining Weekly reported that Uranium Developer, Toro Energy (ASX:TOE), has assured shareholders that the federal government’s delay in releasing the environmental permit for its Wiluna project, which is based in Western Australia, will not impact the project’s timeframe.

As quoted in the market news:

“Hall on Friday reiterated that the additional time to a federal decision on the project would not, at this stage, impact the overall project schedule. Subject to final federal approval, project financing and the uranium market conditions, a final investment decision on the Wiluna mine was expected during the second half of 2013, with first uranium sales targeted for 2015.”