Toro Energy

Toro Energy Limited is an emerging uranium exploration and development company. 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 Energy listed on the Australian Stock Exchange in March 2006, having raised A$18million to conduct uranium exploration on its extensive tenement holdings (26,000km2) in South Australia. At the time of listing Toro Energy’s major shareholders were Oxiana Limited (25%) and Minotaur Exploration Limited (25%), both of whom vended tenements or uranium access rights to the new company.

Our Toro BullSince listing, Toro Energy acquired an option to purchase the Napperby Uranium Project to the north of Alice Springs from Deep Yellow Ltd and is currently undertaking a scoping study after the completion of resource drilling.

In August 2007, Toro made a successful takeover bid for Nova Energy Limited. Nova Energy’s projects included the advanced Lake Way – Centipede uranium project near Wiluna in Western Australia, and extensive tenement holdings in Western Australia, South Australia, the Northern Territory, Namibia and Guinea.

The merger of the two companies has further strengthened Toro Energy’s capacity to responsibly evaluate and develop uranium deposits in Australia. Key aspects of the larger company include:

• A pipeline of advanced projects in Australia (Wiluna in WA, Napperby in NT);
• Significant JORC resources with production potential by 2012;
• Premium exploration tenure for uranium in Australia and Namibia;
• Highly experienced board and management with extensive knowledge of uranium exploration, mining, marketing and community engagement; and
• Technical and financial support from the largest shareholder, OZ Minerals Limited.

Advanced Projects

Wiluna

Toro Energy is seeking the approval of the Federal and Western Australian Governments to mine the Centipede and Lake Way uranium deposits, south of Wiluna.

The project would involve mining up to 2 million tonnes of mineralised ore per year over an anticipated mine life of about 10 years, producing up to 800 tonnes per annum of uranium oxide concentrate for sale to nuclear power utilities overseas.

[ click picture for further information ]

Exploration Projects

Exploration - South Australia (IOCG - Uranium base targets)

Mt Woods Project
South Australia

Nonning, SA
Exploration - South Australia (IOCG - Uranium base targets)

Roxby - Acropolis, SA
Exploration - South Australia (IOCG - Uranium base targets)

Find out more about Exploration Projects click here

Board of Directors

For more information click here

Dr Erica Smyth MSc, FAICD
Non-Executive Chairman

Derek Carter BSc, MSc, FAusIMM (CP)
Non-executive Director

Mr Peter Lester BEng (Mining – Hons)
Non-Executive Director

Mr John Nitschke
Non-Executive Director

Andrew Coles B.Ec, MBA
Non-Executive Director

Mr Donald Stephens BA (Acc), FCA
Company Secretary

Greg Hall BEng
Managing Director

Toro Energy has granted to each of the Directors unlisted options (each to acquire one share) as follows: