Toro expands strategic satellite stated resource for flagship Wiluna Uranium Project
* No re-estimation of resources at Dawson Hinkler has taken place. This change to the reporting cut-off is to the existing estimation completed on the Dawson Hinkler Uranium Deposit in 2013 (see ASX announcement of 8 October 2013).
Management Commentary
Commenting on this excellent development Toro’s Executive Chairman, Richard Homsany, said:
“This is a considerable advancement for Toro, as the ability to now consider the inclusion of the Dawson Hinkler Uranium Deposit in the production profile of Toro’s Wiluna Uranium Project will significantly strengthen our pending feasibility study. Located only 15km away this deposit has the potential to further enhance the significant potential returns already on offer at Wiluna.
The increased optionality around Wiluna’s development is a great outcome for shareholders and potential investors. Identifying and advancing the most financially feasible model of Wiluna amidst the backdrop of a strengthening uranium market will continue to underpin our approach to any required changes to the regulatory conditions under which we operate.
Toro looks forward to continuing to provide further updates on development and value creation within its asset portfolio. Toro remains securely funded and well positioned to deliver on its stated milestones.”
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