viewToro Energy Limited

Toro Energy secures environmental approval for Wiluna extension


Toro Energy (ASX:TOE) has progressed its advanced Wiluna Uranium Project in Western Australia with the state’s Environmental Protection Authority approving the Environmental Scoping Document for its extension.

The ESD had provided information about the company’s plans to integrate two additional deposits at Millipede and Lake Maitland into an extended Wiluna Project.

Its purpose was to identify the key environmental issues to be addressed during further government assessment of the Project, and to identify the work required to complete the environmental review.

Toro already has the major environmental approvals from the Western Australian and Federal governments to establish a processing facility and commence mining at two of Wiluna’s deposits, Centipede and Lake Way.

The company can now continue preparation of the Public Environmental Review (PER) as the next step in the assessment process.

This should be released in mid-2015 for a 12-week public review.

Millipede, acquired by Toro in 2011, is immediately adjacent to the Centipede deposit which has already received government environmental approval while the environmental conditions at Lake Maitland were extensively studied prior to its acquisition by Toro in late 2013.

Toro plans to use one central processing plant, as currently approved by government, adjacent to the Centipede/Millipede deposits. This will reduce the regional footprint and environmental impacts by avoiding duplication of operations and infrastructure across multiple deposits.

It is confident that a rigorous government environmental assessment for Millipede and Lake Maitland can be completed during 2016.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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