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Toro Energy secures environmental approval for Wiluna

Published: 09:00 10 Jan 2017 AEDT

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Shares in Toro are expected to open higher this morning at $0.055.

The Minister’s consent is documented in Ministerial Statement 1051.

MS 1051 consolidates into one revised proposal the previous Western Australian government approval to mine the Centipede and Lake Way deposits, establish a processing plant at the Centipede mine site and associated infrastructure with approvals to mine the Millipede and Lake Maitland deposits, construct a haul road between Lake Maitland and the approved processing facility at Centipede and develop associated infrastructure.

Shares in Toro are expected to open higher this morning at $0.055.

Also helping the company has been a 20% increase in the uranium price over the past few weeks.