Toro Energy: Western 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

Learn more about Toro Energy Limited (ASX:TOE) on Uranium Investing News.