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Additional Information
Market: ASX
Sector: General Mining
EPIC: TOE
Latest Price: 0.08  (2.44% Ascending)
52-week High: 0.15
52-week Low: 0.07
Market Cap: 81.94M
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Toro Energy
www.toroenergy.com.au

Toro Energy (ASX: TOE) is well placed to operate one of the first new Western Australian uranium mines. The company is also an explorer in Western Australia, the Northern Territory, South Australia and in the African country of Namibia.

The Wiluna Project is at an advanced stage in government assessment and approval, with Toro planning to commit to construction late next year for first production in 2013. The project hosts two shallow (generally less than 10m deep) calcrete deposits with a Measured, Indicated and Inferred resource of 24.4Mlbs of contained Uranium (U3O8) in the current project approved.

Full Toro Energy profile here
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Toro Energy awarded WA Government drilling grant for Lake Mackay Uranium Project

1st Jul 2009, 2:06 pm Major ASX listed uranium developer Toro Energy (ASX: TOE) has been awarded one of the first co-funded industry drilling grants from the Western Australian Government.

The government allocation of $75,000 will be matched by Toro for drilling of two IOCGU targets in the Lake Mackay project area, in the far northeast of Western Australia.

Toro has been operating in the Lake Mackay region this year carrying out soil and gravity survey work, and has a current “Deed of Agreement” with the Tjamu Tjamu Aboriginal Corporation and the Ngaanyatjarra Land Council.

Along with calcrete uranium drill targets being funded by Toro, the IOCGU drill targets have been identified using both gravity and magnetic data.

The base camp for the Lake Mackay operations is at the community of Kiwirrkurra, 700km to the west of Alice Springs but inside the border of WA

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