Toro Energy's Uranium Pilot Plant Drill Planning Commences

Toro Energy Limited (ASX: $TOE) has announced the commencement of a large sonic core drill programme on its Wiluna Uranium-Vanadium (U-V) Project in Western Australia. The drilling campaign aims to provide bulk, targeted potential ore for the upcoming pilot plant programme. The drill plan will cover a representative sample of all potential ore types and U-V grades across all three U-V deposits - Lake Maitland, Centipede-Millipede, and Lake Way.

Executive Commentary on Wiluna Uranium Project

Toro's Executive Chairman, Richard Homsany, expressed the company's commitment to expediting crucial development activities at the Wiluna Uranium Project. Homsany highlighted the project's significant scale and underlying value, emphasizing its role in the global transition to cleaner energy. He also mentioned the vast opportunity that the next phase of work represents for shareholders, citing the considerable upside due to the strong uranium market environment and the inherent optimisations within Wiluna across all three deposits. Homsany expressed excitement about the expected large and transformational financial outcomes at Wiluna, and the company's anticipation of providing updates on their progress.

Summary of Toro Energy's Announcement

Toro Energy (ASX: $TOE) has initiated a sonic core drilling programme at its Wiluna Uranium-Vanadium Project to provide potential ore for the upcoming pilot plant programme. The drill plan will cover a representative sample of potential ore types and U-V grades across all three deposits. The company aims to identify and develop the most economically feasible version of the Wiluna Uranium Project. The pilot plant, expected to commence construction mid-year, will test the successful bench scale research completed by Toro to date at a closer to production scale. Toro also continues to evaluate the incorporation of material from its Lake Way and Centipede-Millipede uranium-vanadium deposits into a proposed processing operation at Lake Maitland. The company's Executive Chairman, Richard Homsany, highlighted the project's role in the global transition to cleaner energy and expressed excitement about the expected financial outcomes at Wiluna, emphasizing the considerable upside for shareholders.