Toro gets bullish on new uranium extension study

Toro Energy has launched an extension study at Lake Maitland. Credit: File Toro Energy has kicked off its Lake Maitland extension study, which will also include uranium-vanadium ore from its Lake Way and Centipede-Millipede deposits that sit some 30km south-east of Wiluna in Western Australia.

The company’s new assessment for the Lake Maitland processing operation that is a further 70km to the east, is aimed at adding considerable value to its original scoping study that projected an annual EBITDA of $101 million during a 17.5-year mine life. The previous study focused solely on Lake Maitland and management is now exploring the potential for increasing production and the life-of-mine.

It will include a pit optimisation of the Lake Way and Centipede-Millipede deposits and a pilot plant design to test a new processing flowsheet for both uranium and vanadium output in the form of uranium oxide yellowcake and vanadium-blend red cake.

Importantly, the study […]

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