TORO ENERGY LIMITED 
By Tuesday, 24 January 2012
WA Opposition Leader allows approved mines to proceed
Toro Energy (ASX: TOE) welcomes the announcement from Western
Australia Opposition Leader Mark McGowan regarding the
revised policy on uranium mines, which would allow those
mines already approved to proceed if a Labor Government was
formed in WA.
Toro currently anticipates government decisions on the
Project by mid 2012, well before the next WA election, with
its environmental impact documentation now in the final
stages of assessment by the Western Australian and Federal
governments.
Subject to the uranium market and suitable project finance,
Toro anticipates a development decision by the end 2012, with
construction and commissioning through 2013 and first sales
in
2014.
Toro last year completed and announced significant technical
and economic improvements to its Wiluna Project, with
increased resources, pilot processing completed, and improved
economic outcomes.
The final detailed engineering study is commencing on 1
February 2012, with completion of the DFS planned to coincide
with anticipated approval decisions.
Toro Managing Director Greg Hall stated that while the policy
shift is welcome, and supports the current status of the
Wiluna Uranium project, it still does not create full
certainty for future uranium projects in WA.
Managing Director
MEDIA CONTACT:Greg Hall | Toro Energy | 08 8132 5600 |
Kevin Skinner | Field Public Relations | 08 8234 9555 / 0414 822 631 |
Toro Energy is a modern Australian uranium company with progressive project development, acquisition and growth. The company is based in Adelaide, South Australia with a project office in Perth, Western Australia.
Toro's flagship and wholly-owned Wiluna uranium project (includes existing mining lease) is 30 kilometres southeast of Wiluna in Central Western Australia.
Wiluna contains two shallow calcrete deposits, Lake Way and Centipede, with prefeasibility and optimisation studies completed and technical work leading to a definitive feasibility study underway. Toro has advanced the Approvals process targeting the Company's first uranium production late 2013.
Toro has three other exploration and development projects in Western Australia, and owns uranium assets in Northern Territory, South Australia and in Namibia, Africa.
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| WA Opposition Leader allows approved mines to proceed |
