Toro Energy's Lake Maitland Uranium Project Scoping Study Update

Toro Energy Ltd (ASX: $TOE) has released updated scoping study results for its Lake Maitland Uranium Project. The study, completed to a 30% level of accuracy, indicates the potential viability of a combined mine, beneficiation, and hydrometallurgical processing plant at the Lake Maitland Uranium Project as a stand-alone operation. The study is based on low-level technical and economic assessments and is not sufficient to support an estimation of Ore Reserves or provide assurance of an economic development case at this stage. The estimates assume a US$85.00/lb U3O8, US$5.67/lb V2O5 price, and a US$:A$0.70 exchange rate. The project would require funding of approximately A$291m, and there is no certainty that this funding can be raised. The study is based on Indicated Resources of approximately 65% (U3O8 resource) and Inferred Resources of 35% (V2O5 resource after integration into the U3O8 resource for the re-optimization). The company cautions that there is no certainty that the forecast financial information contained in the study will be realized.

Toro Energy's Executive Commentary on Lake Maitland Uranium Project

The company emphasizes its commitment to Environment, Social, and Governance (ESG) principles and its good working relationship with the traditional owners of the land.

Comprehensive Overview of Lake Maitland Uranium Project

Toro Energy Ltd has provided an update on the Lake Maitland Uranium Project, including details on compositing, density estimation, estimation domains, JORC classification, V2O5 by-product potential, mining philosophy, mining model, open pit optimization, production schedule, processing, tailings storage facility, and non-processing infrastructure. The announcement covers infrastructure requirements, non-processing capital costs, power supply, logistics, personnel requirements, market and pricing assumptions for uranium and vanadium, economic evaluation, project funding, risks, and opportunities. The company is focused on developing the Wiluna Uranium Project in Western Australia, with additional prospects for gold and base metals. The announcement provides a comprehensive overview of the company's operations, market assumptions, and future prospects.