Toro Energy is seeking the approval of the Federal and Western Australian Governments to mine the Centipede and Lake Way uranium deposits, south of Wiluna.

The project would involve mining up to 2 million tonnes of mineralised ore per year over an anticipated mine life of about 10 years, producing up to 800 tonnes per annum of uranium oxide concentrate for sale to nuclear power utilities overseas.

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The Nonning project on the southern margin of the Gawler Range Volcanic Province is focussed on a new interpretation of palaeodrainage systems emanating from inliers of Gawler Range Volcanics and Hiltaba Granite; the likely basement source rocks for uranium. The palaeodrainage system is poorly-defined and not drill tested. The volcanics and granites themselves have potential for IOCG-U deposits. The project also encompasses highly-prospective Palaeoproterozoic metamorphics under the volcanics, which host the nearby Meninnie Dam basemetals deposit. Assessment continues by Menninnie Metals under a JV agreement with Minotaur Exploration. Gravity and IP survey data was acquired during late 2008 southwest of Nonning Homestead in an area totally concealed by ~20–50 metres of Cainozoic sediments.
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The Roxby–Acropolis project area is known to host anomalous uranium associated with IOCG breccias at Acropolis south. It also lies in close proximity to the World-class Roxby Downs Cu-Au-U deposit. Exploration for uranium-dominant IOCG-style mineralisation remains a viable exploration strategy, despite the depth to basement. Given the very significant quantities of uranium in the basement at Olympic Dam, there is potential for its accumulation in favourable environments within the adjacent basement and cover sequences. Japan Oil, Gas and Metals National Corporation (JOGMEC) had an Exploration Agreement with both Toro and Minotaur to explore the Roxby-Acropolis project area, west and north of Olympic Dam for iron oxide copper-gold uranium mineralisation. JOGMEC recently withdrew from this agreement mainly due to uncertainty of land access within the Woomera Prohibited Area. Drilling carried out by Minotaur under the JOGMEC agreement intersected IOCG alteration within basement and minor uranium anomalies.
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Primary uranium mineralisation at the Radium Hill Mine, less than 5 km from the Toro’s tenement, was mined between 1954 and 1961 and produced approximately one million tonnes of davidite-bearing ore. EL2531 contains the same rock types as at the Radium Hill Mine, but beneath thin cover.

The Amadeus Basin Project in the NT provides Toro Energy with exposure to a highly prospective region for roll-front and structure-controlled sandstone-hosted uranium deposits. The Amadeus Basin hosts the nearby Angela-Pamela deposits, 20 km south of Alice Springs, together with a number of smaller uranium occurrences. Toro Energy is about to embark on a drilling program aimed at testing the Angela redox model within the Waterhouse tenement. Toro has also rationalised it’s ground position in the basin via the relinquishment of low priority tenements and by lodging new applications over more prospective ground.
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The Birrindudu Uranium Project is a JV with uranium-major, Cameco, and covers 1535 km2 of the highly-prospective Birrindudu region of northeast Western Australia. The geology of the project area includes Palaeoproterozoic metasedimentary rocks of Tanami Group that are unconformably overlain by the Mesoproterozoic Birrindudu Group, analogous with the geological setting of the Alligator Rivers Region of the Northern Territory, which hosts the world-class Ranger, Jabiluka and Koongarra uranium deposits. There are twelve identified uranium occurrences within the area which generally occur at the Mesoproterozoic unconformity, including The Don, Killi Killi and Mt Mansbridge. This portion of the Birrindudu Basin overlying the western Granites-Tanami Complex has exceptional potential to host “blind” Proterozoic unconformity style uranium deposits. During 2010, Toro is undertaking an RC drilling program to improve geological understanding and to target the priority EM anomalies.
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The Kintore Uranium Project in the NT covers a single tenement application adjacent to the highly-prospective Lake Mackay Project on the WA-NT border, 600km west of Alice Springs. Similar prospectivity is envisaged, including iron oxide-copper gold in the Mount Webb Complex, roll-front uranium in the Amadeus Basin, palaeochannel uranium in buried Tertiary sand units that drained toward the former Lake MacDonald, and calcrete uranium in near-surface evaporitic sediments around the fringe of the current lake.
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The Lake Mackay exploration licences cover 3000km² of unexplored ground in the Lake Mackay area in north-eastern Western Australia. A large, high-amplitude uranium channel radiometric anomaly is located over the southern part of Lake Mackay and is one of the target areas for exploration. Amadeus Basin sediments are present to the south of Lake Mackay and these overlie Mesoproterozoic basement further to the south. The Devonian-Carboniferous rocks are considered prospective for roll-front type deposits similar to those at Bigryli and Angela-Pamela in the Ngalia and Amadeus Basins respectively. The Mesoproterozoic basement has never been explored and comprises rocks of similar age and character to those which host the IOCG deposits of the Gawler Craton, including Olympic Dam. A reconnaissance soil and rockchip sampling program carried out in early 2009 provides a focus for aircore drilling to be carried out late 2009. Several deeper magnetic and gravity anomalies will be tested by diamond drilling also in late

The McArthur Uranium Project covers a broad geographical area but encompasses one common element, the Palaeo- to Meso-proterozoic McArthur Basin. This Basin and its basal unconformity are associated with all the major uranium deposits in the Northern Territory, including Ranger, Jabiluka, Koongarra, Nabarlek and Westmoreland. The tenements cover a variety of geological settings and uranium model types, including unconformity, structure-associated and phosphate hosted. One tenement also has significant ‘sedex’ base metal potential.
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The Ngalia Uranium Project covers a small part of the Neoproterozoic to Carboniferous Ngalia Basin in Central Australia, and tenements along strike of the Napperby calcrete uranium deposit. This Ngalia Basin hosts the Bigrlyi sandstone uranium deposit and is prospective for other structurally-modified roll front type deposits. During 2010, Toro will be undertaking a reverse circulation/mud rotary drilling program to improve geological understanding and test structural targets in the Ngalia Basin.
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Toro Energy has acquired a significant tenement holding in the Reynolds Range region of central NT, which is considered to be highly prospective due to it’s likeness to the Frome Embayment in South Australia, having a highly-radiogenic uplift area of the Reynolds Range in the south and Tertiary outwash fans emanating to the north. Historic drilling has identified appropriate sedimentary facies and redox features to support the model. Toro recently flew close-spaced Tempest EM over some of the prospective covered areas and will be using this to generate targets for drilling in 2010. Meetings with traditional owners are planned for early 2010 and Toro is confident that agreements can be put in place soon after.
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The Sandover Uranium Project has potential for ‘hardrock’ uranium in Arunta Complex (Aileron Province) rocks and ‘palaeochannel’ uranium in overlying Cretaceous to Tertiary sediments. There is also potential for uranium within structural-hydrocarbons plays of the Georgina Basin. Of particular interest, the thick Tertiary cover contains reduced facies and has not been systematically explored. Toro’s exploration in 2010 will involve a regional aircore and/or mud rotary drilling program focussed on the interpreted palaeochannels of the Waite Formation. Previous exploration also identified the Delny-Sainthill Fault as a prospective structure for IOCGs and Toro will undertake a detailed SkyTEM heliborne EM survey in 2010 to identify conductive targets associated with hydrothermal systems.
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Toro Energy has applied for numerous exploration licences in the Tanami Desert region, within Aboriginal Freehold Land in the NT and Pastoral land in adjacent WA. This region comprises analogous geology and tectonics to the Alligator River region to the north, which hosts the world-class Ranger and Jabiluka uranium deposits. Historic exploration data indicates the correct attributes to host ‘unconformity style’ uranium mineralisation and there are numerous small shows in the area. Toro are advancing exploration agreements with traditional owners via their representative body and are confident that exploration will begin in 2010. Some tenements are advanced sufficiently that drilling may proceed immediately upon grant, while other require acquisition of airborne geophysical data. Toro are also in advanced discussions with another party to farm into their highly-prospective tenement package.
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The Wiso Uranium Project involves the greenfields Wiso Basin that has received very little attention in the past, as it has been viewed only as a petroleum province, analogous with the gas-producing Amadeus Basin. A sedimentary hosted uranium model, akin to the Angela and Bigrlyi deposits, has not previously been interpreted for this basin despite many similarities with the Amadeus and Ngalia Basins. Toro Energy will be flying a SkyTEM airborne electromagnetic (AEM) survey during 2010 to resolve the geometry, depth and thickness of the Wiso Basin sequence and determine its relationship with the adjacent Aileron Province. This will provide a foundation for future on-ground uranium exploration programs.
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In December 2006, Nova Energy (Namibia) [now a wholly-owned subsidiary of Toro Energy Limited] was granted three Exclusive Prospecting Licences ("EPLs") in Namibia for nuclear fuel and base and rare metal exploration. The licences cover areas considered to be prospective for primary Rossing-type mineralisation and superficial Langer Heinrich-type uranium mineralisation.
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The Gawib West EPL3668 is located about 12km west of Paladin's Langer Heinrich deposit and covers part of the upper Tumas drainage. The Langer Heinrich channel is interpreted to have once flowed directly west into the upper reaches of the Tumas drainage system. The photograph shows the surface features in this area down-stream of the Langer Heinrich deposit. Initial drilling of the channel that drains downstream of Langer Heinrich was unsuccessful with a number of drill holes failing to penetrate to basement.
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The Tumas North EPL3669 is located about 24km southwest of Swakopmund and covers part of the northern arm of the Tumas drainage system. The tenement contains bedrock alaskites and superficial calcretes, both of which have the potential to host uranium mineralisation. Initial reconnaissance and alpha cup sampling has been carried out over the Tumas North (EPL3669) tenement. Results of this survey and scintillometer data are being analysed.
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Chungochoab is a large EPL (3670) that covers a tract of land about 80km south-southeast of Swakopmund. Three anomalies are evident on airborne radiometric data. Two of these cover area underlain by calcrete and have been the subject of an alpha cup survey. The results show significant radon signatures over potential palaeochannel areas, which align with the more regional radiometric data. Drilling has been planned to test these anomalies in 2009.
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