Toro Energy directors and the company’s Japanese joint venture partners during a recent site visit to Lake Maitland. Surging uranium prices have prompted Toro Energy to release an updated scoping study into its Lake Maitland project in Western Australia, with the new data showing a bulging EBITDA of more than $2.3 billion during its 17.5-year mine life.
The latest figures assume current prices of US$85 (AU$128.50) per pound of uranium oxide and US$5.67 (AU$8.57) per pound of vanadium oxide, which is expected to be produced as a byproduct at the site. The previous study into the project, released in October 2022, used a uranium oxide price estimate of just US$70 (AU$106) per pound.
Toro’s new study predicts a pre-tax net present value (NPV) for Lake Maitland of $832.8 million, a pre-tax internal rate of return of 48 per cent and a payback period of 2.1 years. The company expects an average […]
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