Toro Energy: Uranium Development and Exploration and Nickel Exploration in Western Australia

Toro Energy Limited (ASX:TOE) advances a portfolio of assets prospective for nickel, gold and base metals. The company's flagship Wiluna Uranium Project includes four key deposits: Lake Maitland, Centipede, Millipede and Lake Way. The Lake Maitland deposit is amenable to a beneficiation process, which maximises yield with simple screening and de-sliming before ore proceeds to the leach phase. The Lake Maitland deposit is subject to a joint venture partnership with two Japanese corporations, Japan Australia Uranium Resource Development Co. Ltd. (JAURD) and Itochu.

With unique challenges and risks associated with uranium projects that can delay development, Toro Energy has worked to address key risk areas for the Wiluna Uranium Project. To date, the project has received state and federal approval and been granted mining leases, allowing Toro Energy to focus on process design and project costs.

Company Highlights

• Toro Energy is a uranium exploration and development company with promising assets in Western Australia.
• The company is led by a management team and board of directors with direct experience in the uranium mining industry.
• The Wiluna Uranium Project has been de-risked and optimised to include vanadium as a by-product.
• The Lake Maitland deposit within the Wiluna Uranium Project has been optimised with a beneficiation process, which was introduced to maximise yield by refining raw ore before it proceeds to the leach phase.
• Scoping study for proposed stand-alone Lake Maitland Uranium-Vanadium operation shows potential for strong financial returns.
• Lake Maitland is subject to a joint venture with two Japanese companies, JAURD and Itochu. The partnership allows these companies to earn interest on the asset after reaching an investment threshold.
• Toro Energy also owns 100 percent of the Dusty Nickel Project, confirmed to contain a 15-kilometre strike of massive nickel sulphides. The asset also includes suspected gold targets to be confirmed with future exploration.

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