Toro Energy

Drill Planning for Uranium Pilot Plant Commences

Sonic core drilling will aim to deliver first ore from Wiluna Uranium Project to Pilot Plant

Toro Energy Limited (ASX: TOE) (‘the Company’ or ‘Toro’) is pleased to announce that planning is well advanced to commence a large sonic core drill programme on its Wiluna Uranium-Vanadium (U-V) Project (Figure 1) in Western Australia. The aim of this drilling campaign will be to provide bulk, but targeted potential ore, for the upcoming pilot plant programme.


  • Planning well advanced to commence near-term drilling programme that will deliver potential ore to the pilot plant currently in design for Wiluna.
  • Drilling will consist of large diameter sonic core to deliver sufficient core from the potential ore zone to the pilot plant in Perth.
  • Drill plan will be designed to cover a representative sample of all potential ore types across all three Wiluna Uranium-Vanadium deposits - Lake Maitland, Centipede-Millipede and Lake Way.
  • Drill planning will include a review of the current geological model and resource block model to ensure optimal representation of geology and grade through the pilot size mill.
  • Refresh and update of Lake Maitland Scoping Study (first completed in 2022) currently underway to evaluate financial outcomes using the latest more favourable commodity pricing and exchange rate guidance.
  • Lake Maitland Extension Study also continues to evaluate the incorporation of material from Toro’s 100% owned Lake Way and Centipede-Millipede uranium- vanadium deposits into a proposed processing operation at Lake Maitland.
  • Improving uranium market dynamics have allowed Toro to lower the cut-off grade and expand the stated uranium (U3O8) and vanadium (V2O5) resources at the Lake Way and Centipede-Millipede deposits by up to 25% U3O8.

Management Commentary

Commenting on the update Toro’s Executive Chairman, Richard Homsany, said:

“Toro continues to expedite crucial development activities at its Wiluna Uranium Project in WA, with the pilot plant a key step in substantiating the project’s significant scale and underlying value. Wiluna is set to play a key role in the global transition to cleaner energy by supplying economies committed to de-carbonisation with the necessary strategic resources.

The outcome of our pilot programme will significantly inform Toro’s objective to identify and develop the most economically feasible version of the Wiluna Uranium Project.

Above all, we are excited by the vast opportunity that this next phase of work represents for our shareholders – the upside from here is considerable, not only because of the strong uranium market environment, but also as a result of striving to unlock the inherent optimisations that exist within Wiluna across all three (3) deposits. The financial outcomes at Wiluna are expected to be proven as large and transformational.

We look forward to providing updates on our progress, as we continue to embrace a strengthening global uranium market and shifting community attitudes towards supporting nuclear energy and the role of Australian uranium mining.”

Drilling will consist of large diameter sonic core that will be able to preserve the ore zone within alternating hard cemented dolomitic carbonate (calcrete) and soft clay in near surface (1.5-12m deep) unconsolidated sediments, the host to the Wiluna U-V mineralisation. Enough holes will be drilled to provide some 20 dry tonnes of potential ore to the pilot plant in Perth.

The drill plan will cover a representative sample of all potential ore types and U-V grades across all three U-V deposits - Lake Maitland, Centipede-Millipede and Lake Way. In order to ensure this, drill planning includes a review of the geological model and resource estimation block model prior to planning.

The pilot plant will test the entirety of the successful bench scale research completed by Toro to date at a closer to production scale. The pilot plant will also test all of the components of the newly proposed processing circuit that were tested successfully on an individual basis, within a production flow stream for the first time.

Importantly, the pilot plant will be designed to go beyond the Lake Maitland stand-alone operation and assume an extended mining operation to the Lake Way and Centipede-Millipede deposits (see Figure 1). So, in addition to potential bulk ore from Lake Maitland, the plant will be testing the new processing technique on potential bulk ore from Centipede-Millipede as well as Lake Way. The pilot plant will be equipped to take at least 20 dry tonnes of potential ore through two campaigns of testing, both on the proposed beneficiation circuit and the proposed hydrometallurgical circuit. The plant will be constructed, commissioned and operated at Strategic Metallurgy’s facility in Perth.


Click here for the full ASX Release

This article includes content from Toro Energy, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.


TOE:AU
Toro Energy

Toro Energy Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Toro Energy (ASX:TOE)

Toro Energy


Keep reading...Show less

Uranium development and exploration in Western Australia

Updated Scoping Study Results Lake Maitland Uranium Project

Updated Scoping Study Results Lake Maitland Uranium Project

Toro Energy (TOE:AU) has announced Updated Scoping Study Results Lake Maitland Uranium Project

Download the PDF here.

Quarterly Activities and Cashflow Report March 2025

Quarterly Activities and Cashflow Report March 2025

Toro Energy (TOE:AU) has announced Quarterly Activities and Cashflow Report March 2025

Download the PDF here.

Lake Maitland pit re-optimisation complete

Lake Maitland pit re-optimisation complete

Toro Energy (TOE:AU) has announced Lake Maitland pit re-optimisation complete

Download the PDF here.

Quarterly Activities and Cashflow Report December 2024

Quarterly Activities and Cashflow Report December 2024

Toro Energy (TOE:AU) has announced Quarterly Activities and Cashflow Report December 2024

Download the PDF here.

Company Update - Name Change to 'American Uranium Limited'

Company Update - Name Change to 'American Uranium Limited'

GTI Energy (GTR:AU) has announced Company Update - Name Change to 'American Uranium Limited'

Download the PDF here.

Terra Clean Energy President and CEO Greg Cameron.

Terra Clean Energy Ramps Up Summer Drilling Plans, Eyes Resource Update

Terra Clean Energy (CSE:TCEC,OTCQB:TCEFF,FWB:C9O0) President and CEO Greg Cameron outlines the company's upcoming summer drill program at the South Falcon East uranium project, building on strong results from a winter campaign at the Fraser Lakes B deposit.

“The plan is to get up to 2,500 meters back into this new area of interest. Hopefully drill into what we're defining as an unconformity basement-hosted uranium deposit with significantly higher grade than we currently have,” he said.

“We would have the ability to update that resource report in some fashion, maybe early 2026 or mid-2026, so those are the two key catalysts. But it's all about drilling and adding pounds to the current resource and, more importantly, significantly enhancing that grade which we think we have," Cameron added.

Keep reading...Show less
Placement Shares Issued & Drilling Approval Expected August

Placement Shares Issued & Drilling Approval Expected August

GTI Energy (GTR:AU) has announced Placement Shares Issued & Drilling Approval Expected August

Download the PDF here.

Yellow uranium rock on dark stones with ASX logo in the corner.

Top 3 ASX Uranium Stocks of 2025

Uranium broke out in 2024, with the spot price rising to a 17 year high of US$106 per pound early in the year. Despite a pullback to about US$78, uranium is still more than 40 percent higher than it was two years ago.

Although the market is dealing with ample supply and uncertain demand in 2025, experts are predicting a bright future as countries around the world pursue energy security goals.

Against that backdrop, ASX-listed uranium companies have been making moves in 2025.

Keep reading...Show less
North Shore Uranium (TSXV:NSU)

North Shore Uranium Engages Investing News Network

North Shore Uranium Ltd. (TSX-V:NSU) ("North Shore" or the "Company") is pleased to announce that it has entered into an advertising and investor awareness campaign agreement (the "INN Agreement") with Dig Media Inc. dba Investing News Network ("INN").

INN is a private company headquartered in Vancouver, Canada, dedicated to providing independent news and education to investors since 2007 at www.investingnews.com. On July 4, 2025, the Company entered into the INN Agreement. The INN Agreement will be for a three-month term, with three equal payments of $2,750 that will be paid at the beginning of each month, totaling $8,250 (GST excluded). The INN Agreement will not automatically renew. INN will provide advertising to increase awareness of the Company with the first campaign commenced on July 4, 2025. INN does not provide Investor Relations or Market Making services. INN currently holds no common shares in the Company. INN and the Company are unrelated and unaffiliated entities.

Keep reading...Show less
Toro Energy

Toro Energy Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×