Sign up Australia
Proactive Investors - Run By Investors For Investors

Toro Energy continues to advance studies for Wiluna Uranium Project

Toro’s flagship asset is the 100% owned Wiluna Uranium Project, consisting of six calcrete-hosted uranium deposits.
uranium on the elementary table
Flow sheet re-design may reduce capital cost by more than 40%

Toro Energy Limited (ASX:TOE) is advancing to the next stage of the Beneficiation and Process Design (BPD) studies for its Wiluna Uranium Project in Western Australia.

This follows the successful tests in confirming opportunities to substantially reduce the capital and operating costs of the processing facility.

The key outcome of the BPD studies to date has been a re-design of the process flow sheet to potentially reduce the capital cost of the proposed hydrometallurgical plant by more than 40% to about $78 million.

Toro’s study has also identified an opportunity to reduce the processing operating cost to about $16/tonne run-of-mine (ROM) feed.

Opportunity to become Western Australia’s first uranium mine

The success of the BPD studies to date is based on the improved understanding of the different lithologies and uranium associations of the Wiluna deposits, and the novel application of conventional technologies to the processing flow sheet.

Beneficiation not only delivered an upgraded uranium concentrate to the leach circuit but also provided the opportunity to investigate filtration and wash cycles prior to the leaching stage.

The result is a more efficient hydrometallurgical circuit with potentially significant improvements to capital and operating costs.

The Centipede and Lake Way deposits have received government approval for mining, providing the Wiluna Project with the opportunity to become Western Australia’s first uranium mine.

Wiluna Uranium Project - Location

Further work to complete the BPD studies

Toro has four main phases of work required to complete the BPD studies. These include:

• Phase I: Leaching and Ion Exchange Test work
• Phase II: Metsim® (process simulation system) modelling
• Phase III: Process Package Development
• Phase IV: Estimation of the Capital and Operating Costs

It is anticipated that work on phase I of the BPD studies will be completed during Q3 2018.

Toro will determine whether to progress through the successive phases on a progressive basis which will include being influenced by the results from phase I.

Potential for Yandal style gold

Toro is also considering other avenues to extract value from the project during this presently subdued uranium price market, including an assessment of the prospectivity for other metals, the most obvious being Yandal style gold.

The Yandal Greenstone Belt is a world-class gold district having already produced over 14 million ounces of gold so far (Jundee, Darlot and Bronzewing gold mines).

View full TOE profile View Profile

Toro Energy Ltd Timeline

Related Articles

oil and gas operations
February 08 2018
Touchstone shares advanced as a 10-well programme was launched in Trinidad
The project site in Greenland
March 22 2018
Kvanefjeld is forecast to be the largest producer of key rare earth elements for electric vehicles.
oil and gas operations
April 19 2018
The first two potential new wells will be drilled in around 45 days, and investors will be keen to see the results

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use