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Additional information
Additional Information
Market: ASX
Sector: General Mining
Epic: .TOE
News: Latest news
Web Site: Toro Energy Limited
Other Articles: 18-02-201003-02-201029-01-2010

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Thursday March 18, 08:01SmartFocus, Amphion Innovations and National Milk Records confirmed for March 18 Forum

The presentations will start at 6:00pm and finish at approx 7:30pm. After the presentations are complete the directors will also be available to take questions during a free canapé and wine reception.

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Thursday March 18, 01:14Cisco remains at the forefront of internet infrastructure

The stock has recently managed to breakout above the long term resistance found at the $25 level which should now provide support for any pullback before the share price drives higher

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Monday March 15, 08:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

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Toro Energy Limited

Toro Energy Limited

Toro Energy Limited is one of Australia’s largest (by market capitalisation) emerging uranium exploration and development companies. It has the financial and technical resources to discover and/or acquire uranium projects and bring them to production in a socially and environmentally responsible manner.

Toro has a pipeline of advanced projects in Australia (Wiluna in WA, Napperby in NT), with significant JORC resources with production potential by 2012. It has premium exploration tenure for uranium in Australia and Namibia, with a highly experienced board and management with extensive knowledge of uranium exploration, mining and marketing.  The company has technical and financial support from the largest shareholder, OZ Minerals Limited.

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Friday, January 29, 2010

Toro Energy marshalls four uranium projects in WA

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Toro Energy (ASX: TOE) raised A$61 million through SPP & placements to fund feasibility and approvals for Wiluna uranium project (WA) during the quarter.

Environmental approvals with WA and Federal Governments have commenced for the Wiluna project.  Application for environmental assessment and approval was submitted for the Wiluna Uranium Project in WA. Approval was received from WA State Government for resource test pit at Wiluna in 2010 1Q to firm up resource, trial mining technique and obtain bulk samples.

Assay results from Lake Mackay (WA) drill samples confirm a significant, grass-roots uranium discovery hosted in palaeochannel style sands over a surface width of 2.5km, at depths around 100m below surface. Correlation of assay with gamma results is continuing, in conjunction with the airborne Tempest EM data.

Initial interpretation of EM data over the Reynolds Range project indicates the presence of well defined palaeochannels and basement conductors. A 2010 drilling program is being planned.

Toro Energy acquired two additional uranium prospective exploration tenements at Wiluna in Western Australia and associated technical databases from Rhodes Resources Pty Ltd, a wholly-owned subsidiary of the Liberty Resources
Ltd.

The acquisition price of A$1.0 million was satisfied by the issuance to Liberty of 5 million ordinary Toro shares at A$0.20 per share. The acquisition covers the footprint of the “Firestrike” uranium discovery and along-strike potential extensions in the near vicinity of Toro’s nearby Wiluna Uranium Project.

It takes to four the number of uranium projects now marshalled by Toro under its uranium growth strategy in Western Australia.

At the end of the December 2009 quarter, Toro held cash and net receivables of A$61.9 million.

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