Drilling operations at Toro Energy’s Lake Maitland uranium deposit in WA. Credit: File A pit re-optimisation, the inclusion of vanadium credits and a change of plant location has turbo-charged Toro Energy’s plan for its WA based Lake Maitland uranium project, leading to a potential 48 per cent hike in uranium production over the life of mine to 23.5 million pounds from 15.8 million pounds and potential vanadium oxide production of 12.2 million pounds.
The company has modelled up the option of a stand-alone uranium mine at Lake Maitland instead of simply including it as part of a broader plan to mine multiple deposits as part of its Wiluna uranium project.
The new model will see the processing plant built alongside the Lake Maitland deposit instead of next to the company’s Centipede deposit around 80km to the northwest.
The resultant cost savings in transport and some processing tweaks when added to a new […]
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