Toro Energy Limited is an ASX listed uranium development and exploration company with projects in Western Australia. Toro’s tenure in Western Australia is also prospective for gold and base metals. Toro is committed to building an energy metals business with the flagship Wiluna Uranium Project as the centrepiece. The Wiluna Uranium Project consists of the Centipede, Millipede, Lake Maitland, Lake Way uranium deposits 30km to the south of the town of Wiluna in Western Australia’s northern goldfields. The Wiluna region is an historic mining precinct dating back to the late 19th century. It has been a prolific nickel and gold mining region and therefore has well developed high quality infrastructure in place. The Wiluna Uranium Project has received federal and state government environmental approvals for mining uranium at the Centipede, Lake Way, Millipede and Lake Maitland deposits, the construction of a processing facility and all mine and processing related infrastructure, tailings storage facilities and finished product transport to port. The key characteristics of the Wiluna Uranium Project include: Approvals Federal and state government environmental approvals received Title All tenements secured, mining leases granted Mining agreement in place with Wiluna people Resources JORC 2012 62Mlb Measured and Indicated Resources Exploration 22Mlb U3O8 at the Dawson Hinkler and Nowthanna deposits Mining Shallow open pit to 15 metres Infrastructure Established mining centre, access to water, power and services Finance Japan Australia Uranium Pty Ltd (three Japanese utilities) and Itochu own an option to acquire a 35% interest in Lake Maitland for US$39M Mining and processing rate ~1.5Mt/a Production profile 1 – 2Mlb /a Mine life 10-20 years Exploration Projects In addition to the Dawson Hinkler and Nowthanna deposits that host 22Mlb U3O8 in JORC 2012 Mineral Resources, Toro owns: 100% interest in two exploration licenses making the Theseus Uranium Project in northern Western Australia with JORC Mineral Resources of 6.9Mlb U3O8; Minority interest in a incorporated joint venture with Deep Yellow Limited that owns prospective exploration tenure in Namibia; and Minority equity and financial instruments in Strateco Resources Ltd which owns the Matoush Uranium Project in Quebec, Canada.
