Booming uranium price prompts Toro expansion at WA play

Toro Energy is re-evaluating the resource at its Wiluna uranium project in WA. Credit: File A surging global uranium price has led Toro Energy to re-evaluate the mineral resource of its Dawson Hinkler deposit in Western Australia, leading to a 115 per cent increase in the site’s contained uranium oxide.

Management says the rapidly-improving uranium market now supports a lower cutoff grade for the deposit’s economics, allowing it to lift its stated resource for the operation from 9.44 million pounds of uranium oxide up to 20.29 million pounds.

Toro says reducing its cutoff grade from 200 parts per million down to 100ppm allows for a better comparison with its peers, with several exploration companies using a similar metric for mineral resource estimates. The average grade of the company’s deposit now sits at 186ppm uranium oxide, with 44 per cent in the important indicated category.

Dawson Hinkler sits just 15km from Toro’s Wiluna […]

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