Energy Advances the Wiluna (WA) Project
Adelaide, Nov 28, 2012 AEST (ABN Newswire) - In October 2012 Toro Energy's (
ASX:TOE) Wiluna Uranium Project, which comprises the Centipede and Lake Way deposits, was granted WA Ministerial environmental approval, paving the way to potentially become the first uranium mine in WA.
The process engineering phase of the Definitive Feasibility Study (DFS) is complete and has demonstrated viable processing plant design. Detailed engineering design, infrastructure and cost estimates will commence once the only remaining environmental approval by the Federal Government is complete.
An updated project economic model has been completed, based on the process engineering from the DFS, pilot plant testwork and revised mine plan. This indicates a reduced capital cost estimate of $207 million in direct costs, $31 million in EPCM and $31 million in contingency for a total of $269M. C1 cash operating costs are currently estimated at US$37/lb U3O8.
Toro's total regional uranium resources across all categories (Measured, Indicated and Inferred) reported under the JORC Code is 54 mlbs in five deposits with significant upside in currently held but under-developed exploration tenements.
For the full announcement, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-TOE-709101.pdf
Contact
Toro Energy Limited
T: +61-8-8132-5600
F: +61-8-8362-6655
WWW: www.toroenergy.com.au
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