Toro Energy

Quarterly Activities and Cashflow Report June 2024

Description

Toro Energy Limited (ASX:TOE) is pleased to provide the following review of activities for the three month period ended 30 June 2024.

Highlights

Wiluna Uranium Project
• Results of updated Scoping Study for the Lake Maitland Uranium Project released, including:
Excellent Financial Outcomes
  • NPV pre-tax of approximately A$832.8M at a discount rate of 8% (+37% increase of A$223.20M)
  • Pre-tax IRR of 48% (+7% increase)
  • Payback period of 2.1 years (0.4 years less)
  • Total EBITDA of A$2,303.3M (+30% increase of A$534.4M)
  • Total undiscounted cash flow of A$1,930M pre-tax (+36% increase of A$507.3M)
  • Average EBITDA of A$131.6M per annum
  • Average undiscounted cash flow of A$110.3M per annum -– average >A$2M per week
  • Estimates assume a US$85.00/lb U3O8, US$5.67/lb V2O5 price and a US$:A$0.70 exchange rate
Modest CAPEX
  • US$203.7M (or A$291M) capital cost estimate including 20% contingency and 15% EPCM
  • Includes all infrastructure for the proposed stand-alone Lake Maitland operation, including: • entire processing facility with beneficiation plant and ability to produce both a uranium and vanadium product; and all mining & administration related infrastructure, access roads, power plant, borefield and a reverse osmosis desalinisation plant for water supply
  • A$143.0M non-processing infrastructure build cost (A$105.7M excluding contingency and EPCM)  A$148.1M processing infrastructure build cost (A$107.3M excluding contingency and EPCM)
Low operating cost estimates
  • C1* Cash operating cost of US$17.28/lb U3O8 over the first 7 years
  • C1* Cash operating cost of US$24.78/lb U3O8 over Life of Mine (LoM)
  • All In Sustaining Cost (AISC)# of US$22.58/lb U3O8 over the first 7 years
  • All In Sustaining Cost (AISC)# of US$30.55/lb U3O8 over LoM
  • Robust estimated operating margins
  • C1 (US$17.28) and AISC (US$24.78) for the first 7 years provides Toro with very strong margins during the initial payback period
ASX Listing Rule 5.19.2 The Company confirms that all material assumptions underpinning the production target and the derived
forecast financial information disclosed in the updated Lake Maitland Scoping Study announced by the Company on 18 June 2024 continue to apply and have not materially changed.


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.

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
Canadian and Saskatchewan flags waving under a clear blue sky.

15 Uranium Companies Exploring Canada's Athabasca Basin

Uranium market watchers know that Canada’s Athabasca Basin is among the world’s richest uranium jurisdictions and hosts several of the highest-grade uranium deposits on the planet.

Spanning close to 100,000 square kilometers of the Canadian Shield of Northern Saskatchewan and Alberta, the Athabasca Basin is a major contributor to Canada’s status as the second largest uranium producer and the third largest country by uranium reserves.

Unsurprisingly, the region is home to the world’s largest uranium mine, Cigar Lake. The mine reports average grades of 14.69 percent U3O8 and accounts for 14 percent of global uranium production.

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

×