Toro Energy Limited

Published : October 30th, 2014

Report: Quarterly Activities and Cashflow Reports – September 2014

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Keywords :   Australia | China | Debt | Fixed | Growth | India | Japan | K Street | Lead | Market | Recovery | Uranium |

Report: Quarterly Activities and Cashflow Reports – September 2014

FIRST QUARTER

QUARTERLY ACTIVITIES REPORT for period ending:

30 September 2014

ACN: 117 127 590

33 Richardson Street West Perth WA 6872
E: mailto:[email protected][email protected] W: http://www.toroenergy.com.au/www.toroenergy.com.au

CORPORATE

Cash at end of the quarter was $5.4 million.

WILUNA URANIUM PROJECT (WA)

2014 drilling results included the highest ever recorded intersections in the Millipede deposit, and evidence of continuous mineralisation at Lake Way, Millipede, Centipede and Lake Maitland, providing confidence in the proposed high grade mining strategy.

Significant levels of positive disequilibrium of at least 1.2 determined for three of the Wiluna deposits.

Environmental Scoping Document approved for public release by West Australian Environmental

Protection Authority as next stage in assessment of mining at Millipede and Lake Maitland.

Initiated process improvement investigations targeting high cost components of the processing facility.

URANIUM MARKET

Lead spot price indicator gained steadily during the quarter finishing up US$7.30/lb to stabilise at US$35.50/lb.

The long term price indicator remained steady in the September 2014 quarter increasing

US$1.00/lb to US$45.00/lb.

Australia and India signed a Nuclear Civil Cooperation Agreement on 5 September, enabling

Australian uranium exports to India and opening a new potential market.

Applications for the restart the Sendai reactors 1 and 2 in Japan were subjected to public consultation and passed through the final regulatory hurdles during the quarter.

EXPLORATION

JV's signed with Areva Australia on Wiso exploration ground and with Rum Jungle Resources on

Lake Mackay potash deposit

Continued rationalisation and consolidation of Greenfields exploration ground in Western

Australia and Northern Territory.

1. C o r p o r a t e

During the quarter the share price moved significantly on announcements of positive disequilibrium results for the Wiluna Project, Toro's Managing Director accompanying the Australian Prime Minister Abbott's trade delegation to India and the signing between Australia and India of a Nuclear Civil Cooperation Agreement.
As at 30 September 2014 Toro had $5.4 million cash on hand.

Toro Energy Limited - Quarterly Report 1


2. U r a n i u m M a r k e t

Spot uranium price regained some of its June quarter losses during the period trading from its lowest price of US$28.2/lb to recover and stabilise in the range US$35/lb to US$36/lb. The trading activity that encouraged this price recovery was modest but steady, with some consistent volumes through September. Demand and trading volumes remain low, however some positive sentiment appears to be returning to the sector.

US$/lb Uranium Price

60
50
40
30
20
10
0

Spot price Mid term price Long term price

Figure 1: 2014 Uranium Price - 30% increase in spot price June 2014 through October 2014

Source: TradeTech

The medium to long term demand outlook remains positive with the emerging economies committed to significant growth in reactor build out programs. In particular, India's expected growth in its nuclear power sector was given a boost during the quarter with the signing of the Nuclear Civil Cooperation Agreement between Australia and India. This opens up the opportunity of a new uranium export market for Australian uranium. China continues to add capacity with a further reactor being commissioned during the quarter, the fifth reactor this year. Construction of a further 29 remains underway.
After the end of the quarter, Kyushu Electric Power Co. Inc. was given all local and national approvals to allow the re-start of the Sendai 1 and 2 reactors in southern Japan. The re-start timetable is now with the Nuclear Regulation Authority, and it is expected that re-starts will occur in first quarter
2015.

3. W i l u n a U r a n i u m P r o j e c t ( W A )

3 . 1 . P r o j e c t U p d a t e

Toro continues to work on ensuring the Wiluna project can be financed and brought into production as quickly as possible as the uranium market improves and subject to achieving uranium pricing conditions that support development. The Company is focussing on a review of the resource in light of the recent disequilibrium results, continuing negotiations on a mining agreement with the Traditional Owners, progressing the Millipede/Lake Maitland environmental approvals and undertaking internal engineering studies to improve the project configuration, capital and operating cost estimates.

Toro Energy Limited - Quarterly Report 2


3 . 2 . R e s o u r c e

The results of Toro's largest ever drilling program and mining block evaluations were released in the September quarter. Initial drilling results included intersections of the highest ever recorded grades of uranium mineralisation at the Millipede deposit and represented a significant improvement in the previously reported results. Further analysis, supported by Independent Engineer review, indicated continuous mineralisation in the first four deposits proposed to be mined, increasing the Company's confidence in the proposed high grade operating strategy in the currently modelled mining schedules supporting the Project economic model.
The drilling program involved the selection of an area 100 metres long and 100 metres wide on each of Centipede, Millipede, Lake Maitland and Lake Way for close spaced drilling. Within each grid drill holes were spaced 5 metres apart to test for short range variability. In all, 1,639 holes were drilled for 16,375 m of which 71 holes for 644 m were sonic core, the remaining being aircore. Mining blocks were modelled for the analysis for all four areas, an example of one of these models is shown in Figure
1 (Lake Maitland deposit). The study, has significantly enhanced our geological understanding of the
uranium mineralisation.
Results of the disequilibrium analysis of uranium samples taken during the 2013 drilling campaign were also announced during the quarter. Significant levels of positive disequilibrium have been identified by the Australian Nuclear Science and Technology Organisation in three of the Wiluna deposits. The analysis also showed that a disequilibrium factor of at least 1.2 may be applied to gamma results used to estimate existing Mineral Resources for the Wiluna Uranium Project, with the exception of the Lake Maitland deposit. Further work is required to evaluate the magnitude and extent of the positive disequilibrium, and assess how to incorporate the findings into the Mineral Resource estimation process.

Figure 2: Lake Maitland Mining Block Evaluation Area, 2014 Resource Drilling

3 . 3 . A p p r o v a l s a n d C o m m u n i t y

The Western Australian Environmental Protection Authority (EPA) approved the Environmental Scoping Document (ESD) for assessment of mining at Millipede and Lake Maitland for public release during September. Subsequent to the end of the quarter, the ESD was released for a two week public comment period. The EPA has set the level of assessment at Public Environmental Review (PER). The ESD establishes the environmental studies necessary to complete the PER. The PER will be open for public review for a 12 week period and Toro is planning its publication in the first half of 2015.

Toro Energy Limited - Quarterly Report 3



Mining agreement negotiations with the Wiluna Native Title Holders are continuing, with progress towards commercial terms now being made. Few issues remain outstanding and a final mining agreement is expected to be completed early in 2015. Toro also continued discussions with the Barwidgee People (Lake Maitland region) on heritage and business development matters which are pertinent to the development and approval of that deposit.
Toro continues to be active in the Wiluna community, participating in a Careers Expo organised under the auspices of the Wiluna Regional Partnership Agreement during September. More than 30 companies, government agencies and other organisations provided information on career opportunities to students from Wiluna and Leonora.

3 . 4 . E n g i n e e r i n g

Toro is focussing on improving the capital and operating cost of the project. In particular, efficiencies in the processing flowsheet are being targeted, including the application of available technologies that have the potential to decrease the size of components of the processing facility and improve reagent use. If successful, this program will decrease the capital and operating cost of the processing facility.

4. E x p l o r a t i o n

In September, Toro signed a Joint Venture agreement with Areva Australia for exploration over the highly prospective Wiso Basin which is a basin sized uranium mineralisation system, capable of hosting multiple deposits amenable to in situ recovery operations. Drilling under this Joint Venture will commence early in 2015. A JV agreement was also signed with Rum Jungle Resources for Toro's potash resource at Theseus.
Consolidation of all exploration ground into three core regions - the Wiso Basin Project, the Reynolds
Range Project and the Theseus Project is ongoing.

5. T e n e m e n t M o v e m e n t s

An updated tenement status map is attached at Appendix 1.
Tenement movement details are included in Appendix 5B attached to this report.

Toro Energy Limited - Quarterly Report 4



APPENOIX l:Tenement Status Map

WILUNA URANIUM PROJECT

TENVRE STATVS

Sept•mber 2014

Mllf"l.lOoiiWi

E· o..:.o..a..f'.(.O.i.ç«''l"tiUCfoflc($

-M oC-hd:l)on\1t0O1•I<Gtnml\.1(

- (ot-o:l

- IO:il!b!

CcC::Jl.-,._n..'f<lo.'.J.ir..., "''­

B

.-=---

""'"

EXPLORATION PROJECT AREAS

Soptentber 2014

-_.. ""w"""'tit-•.. hc•CJ ....,,_

..

.....,

- -A"l' ( '

..

c::::) lwl.,.-..,w;........,._.

l

Tao Energy Limited -Q.urterly Report 5



APPENOIX 2: Wiluna Uranium Project Resource Table 1 • 1

Current Resources Table

Wiluna Urani.Jm Project

In accordante with JORC 2012

DEPOSIT Measured Indicate-d lnferred TOTAL

U!OScutoffs 200ppm 500 ppm 200 ppm SOOppm 200ppm SOOppm lOOppm SOOppm

Centipede

Mt's

2.9

1.2

7.5

3.1

0.0

0.0

10.4

4.3

Grade ppm

551

872

572

943

o

o

567

923

Mlb'sU308

3.5

2.4

9.5

6.5

0.0

0.0

13.0

8.8

LakeWay

Mt's

0.0

0.0

10.3

4.2

0.0

0.0

10.3

4.2

Grade ppm

o

o

545

llll3

o

o

5<15

llll3

Mlb'sU308

0.0

0.0

12.3

8.2

0.0

0.0

12.3

8.2

Millipede

Mt's

0.0

0.0

4.5

1.6

1.9

0.4

6.4

1.9

Grade ppm

o

o

530

956

382

8ll7

486

943

Mlb'sU308

0.0

0.0

5.3

3.3

1.6

0.7

6.9

4.0

Lake Maitland

Mt's

0.0

0.0

19.9

7.5

0.0

0.0

19.9

7.5

Grade ppm

o

o

555

956

o

o

555

956

Mlb'sU308

0.0

0.0

24.3

15.7

0.0

0.0

24.3

15.7

Mt's

29

1.2

42.2

16.3

1.9

0.4

47.0

17.9

Sub-toto/

Gradeppm

551

874

563

934

382

887

546

!129

Mlb'sU308

3.5

2.4

51.4

33.7

1.6

0.7

5&6

36.7

Dawson Hinkler

Mt's

0.0

0.0

&4

0.9

5.2

0.3

13.6

1.1

Grade ppm

o

o

336

596

282

628

315

604

M/b U308

0.0

0.0

6.2

1.1

3.2

0.4

9.4

1.5

Nowthanna

Mt's

0.0

0.0

0.0

0.0

11.9

2.3

11.9

2.3

Grade ppm

o

o

o

o

399

7!14

399

794

M/b U308

0.0

0.0

0.0

0.0

10.5

4.1

10.5

4.1

Mt's

29

1.2

50.6

17.2

1!10

2.9

725

21.3

Toto/ Regionot Resource

Gradeppm

551

874

519

915

365

791

479

898

Mlb'sU308

3.5

2.4

57.6

34.8

15.3

5.1

7&5

42.3

Compewnt J Qualfìed Petaosu'Statemenu

Their(onootion pre;;Mte<Jhe.that to mining l:kJdc I'I"IOdd evo.luar.iom ond re.:a>ci$aiom forthe four l 00 m x l 00 m evoJuar.ion oat M , loJc. Wat end LoJc.Moidond;,lmeeon ;,fo1m<11kN> by DrG10g S!;n!iff ondMr Sebostion Km.r ofToR> f »'i)' l.Jmked end Mr DcnieJ ;caJ ofSJlK Comu!tiog fAusw.los;o) Pty W. Thoro..;.wofthomN>ing operal>ilty f>r V..l 00 m x l 00 m-ovduarbnoT'!<>S

woscom..:ted bymrirtt enfineer Mr G>rl MuofSJlK Comuhmg (Ausw.los;o) Pty W. MrGu;caJ toJo.s ...,.o»"''>>"';D;Jiry fortho

"''o'"' <(V..mdMduoJ •Wuotlm oreos end Dr SJ>;rtJfftd<e< "";D;Jiry forV..;MAgmy oftho<hto supplieC fa V... Dr

SJ>;rii#'end Mr MuJTato,.Membersoftho A""'*'K>n IMk<ot•ofMN>ing end Metollurw fAuslo\1111!, Mr ;caJ;,oFellowofi>•A..rMM end Mr

Knw;,o Momb.r ofth.Austra!OO lnsthut.ofG«ncientisu fAI<;! end thoy ha<osuff>cient -wh;ch;,rek""" t<> thostyk <( rriMro!isorkJn end typ•of deposund.r<DmK!erorkJn end wtho a<tMty thoy 010 und>nd<irtt w quolift a; c.omp.w.<. d.f,..C;n V..2012 f&t;on oftho

'A""'*'K>n Go!• for R<porong of fxploMion ll<sults, MMrolll<souJCe< end O,.Re......, UORC Code 2012)'. Ti<> c.omp..,.p.,..,."""""' to

the indusion in th& rekcseafthe FM1le#5' bosed Ul tk iT(oTmOfion in the fomt ond lwhinich it oppecn.

lt isirtfJOJ'torlt tothat there hG been m mafe.rioJ cl-of(e totk resou t4'Safthe W..Juno Jtqea stlw.lon repolfire aftheW..Juno .P 's resou on*e-2(/' Novembe-r 2013. Assuch the wNquaJ;fted pe.JSom' stGtememforstGted res01.6C4'Son tJw W..JunoPmpa remoim os fo/Jaw;:

Tho;,fo1m<11kN> present<C ,.,.thct JOJotes to Mmerolll<souJCe<of V..Cem;ped., Ml..ok.W"f, l..ok.Moidond, Dowson rl<kr end

Nawthomo def>OW ;,lmed on ;,fo1m<11kN> compiJ<Cby Dr GIOg 9>h!iffofToro &>.wIJm;,eC f.oth V..oidof M<fo U""'"'m J;m;,eC m.

Mr StemnPalw end Mr PDhin G>x m V..=•ofloJc.Mdt/ond) end Mr Robm SN.pson a>dMr Da>.J ;Dd ofSJlK (o,.uhmg fAusw.los;o) Pty

ltd. Mr ;caJ tck.s ro/1 respons;D;Jiry fa V..ll<soun:•fstimotend Dr SJ>;rl;ftck.s respom;/iJ<yfor V..m..v<yoftho<hto supplkd fa V..

- Dr Sh;n!iff;,oMemberoftho Austrob;onlnstituteofMN>ingend Metdl<w fAuslo\1111!, MrGu;caJ;,o Fe.llowofi>•A,.IMM end Mr

SN.pson;,oMember ofth•A..voW>InstituteofG«ncientis1s fAIG) end thoy ha<osuff.a.nt •'f"whKh;,rek""" totho stykof

mm.ro!isork>n end ..,.of def>osunder CDTSK!.Mion end wV..OCIMthoy 010 undertcJ<!ng w quolift "' Competent Per;ons a; d.fmed m V..2012

fdNonoftho ..vob;onCode f>r Roponmg <(f brotia> R.su/r;, Mm.rol R..ouJCe< endo,.1\M•,.;;UORC Code 2012)'. Tho c.omp.t< >t

Pe-JSOI'& oonsem totheinc.lus.ion in thisreJenseof 1M mal'te#S ba;ed Ul tk il'(o!TI"Iation in 1M formond COJ'Ite.xt in which it oppecr;.

1Referto OJmpetent Per51Jns'Stotement in clu·srepolt. Jrcon beaJnfjrmed thotrhere hosbeen no moren·ol chonge to reStJwasoftlv!

WillmoProject since che Jost reportUlgof rheWiJW'lO Project's resoLJ eson che 20 NJvember 2013.

2 ToMesonc1 pounds oreqooted to onedeo)rof ploce wlu·dl moy a:JtASerol)ndNlge"ors when tobl)/oO)lg.

T ao Energy Limited -Q.urterly Report 6

1 of 4

APPENDIX 5B

Mining exploration entity quarterly report

TORO ENERGY LTD


Quarter ended

ABN. 48 117 127 590 September 2014

Consolidated statement of cash flows (Note 6.0) Cash flows related to operating activities

1.1 Receipts from product sales and related debtors

1.2 Payments for (a) exploration and evaluation

(b) development

(c) production

(d) administration

1.3 Dividends received

1.4 Interest and other items of a similar nature received

1.5 Interest and other costs of finance paid

1.6 Income taxes paid

1.7 Other

Net Operating Cash Flows

Cash flows related to investing activities

1.8 Payment for purchases of: (a) prospects

(b) equity investments

(c) other fixed assets

1.9 Proceeds from sale of: (a) prospects

(b) equity investments

(c) other fixed assets

1.10 Loans to other entities

1.11 Loans repaid by other entities

1.12 Other

Net Investing cash flows

1.13 Total operating and investing cash flows

(carried forward)

1.13 Total operating and investing cash flows

(brought forward)

(1,784)

(1,784)

Cash flows related to financing activities

1.14 Proceeds from issues of shares, options, etc

1.15 Proceeds from sale of forfeited shares

1.16 Proceeds from borrowings

1.17 Repayment of borrowings

1.18 Dividends paid

1.19 Other (Costs of share issue)

Net financing cash flows

Net increase (decrease) in cash held

1.20 Cash at beginning of quarter / year to date

1.21 Exchange rate adjustments to item 1.20

1.22 Cash at end of quarter

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows related to financing activities

1.14 Proceeds from issues of shares, options, etc

1.15 Proceeds from sale of forfeited shares

1.16 Proceeds from borrowings

1.17 Repayment of borrowings

1.18 Dividends paid

1.19 Other (Costs of share issue)

Net financing cash flows

Net increase (decrease) in cash held

1.20 Cash at beginning of quarter / year to date

1.21 Exchange rate adjustments to item 1.20

1.22 Cash at end of quarter

-

-

Cash flows related to financing activities

1.14 Proceeds from issues of shares, options, etc

1.15 Proceeds from sale of forfeited shares

1.16 Proceeds from borrowings

1.17 Repayment of borrowings

1.18 Dividends paid

1.19 Other (Costs of share issue)

Net financing cash flows

Net increase (decrease) in cash held

1.20 Cash at beginning of quarter / year to date

1.21 Exchange rate adjustments to item 1.20

1.22 Cash at end of quarter

(1,784)

7,151

(1,784)

7,151

Cash flows related to financing activities

1.14 Proceeds from issues of shares, options, etc

1.15 Proceeds from sale of forfeited shares

1.16 Proceeds from borrowings

1.17 Repayment of borrowings

1.18 Dividends paid

1.19 Other (Costs of share issue)

Net financing cash flows

Net increase (decrease) in cash held

1.20 Cash at beginning of quarter / year to date

1.21 Exchange rate adjustments to item 1.20

1.22 Cash at end of quarter

-

-

Cash flows related to financing activities

1.14 Proceeds from issues of shares, options, etc

1.15 Proceeds from sale of forfeited shares

1.16 Proceeds from borrowings

1.17 Repayment of borrowings

1.18 Dividends paid

1.19 Other (Costs of share issue)

Net financing cash flows

Net increase (decrease) in cash held

1.20 Cash at beginning of quarter / year to date

1.21 Exchange rate adjustments to item 1.20

1.22 Cash at end of quarter

5,367

5,367

2 of 4

Payments to directors of the entity and associates of the directors related entities of the entity and associates of the

related entities

Current quarter $A'000

1.23 Aggregate amount of payments to the parties included in item 1.2 139

1.24 Aggregate amount of loans to the parties included in item 1.10 -

1.25 Explanation necessary for an understanding of the transactions

Directors' fees, wages, expenses and superannuation for the quarter

Non-cash financing and investing activities

2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows

Nil

-

2.2 Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest

Nil

Financing facilities available

3.1 Loan facilities (A$12m debt facility)

3.2 Credit standby arrangements

Amount available

$A'000

Amount used

$A'000

Financing facilities available

3.1 Loan facilities (A$12m debt facility)

3.2 Credit standby arrangements

-

12,000

Financing facilities available

3.1 Loan facilities (A$12m debt facility)

3.2 Credit standby arrangements

-

-

Estimate

4.1

4.2

4.3

4.4

d cash outflows for next quarter

Exploration and evaluation: Development

Production

Administration

$A'000

Estimate

4.1

4.2

4.3

4.4

d cash outflows for next quarter

Exploration and evaluation: Development

Production

Administration

946

-

-

905

Estimate

4.1

4.2

4.3

4.4

Total

1,851

Reconcil

5.1

5.2

5.3

5.4

iation of cash

Reconcil

5.1

5.2

5.3

5.4

Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.

Current quarter

$A'000

Previous quarter

$A'000

Reconcil

5.1

5.2

5.3

5.4

Cash on hand and at bank

Deposits at call

Bank overdraft

Other (provide details)

1,167

1,051

Reconcil

5.1

5.2

5.3

5.4

Cash on hand and at bank

Deposits at call

Bank overdraft

Other (provide details)

4,200

6,100

Reconcil

5.1

5.2

5.3

5.4

Cash on hand and at bank

Deposits at call

Bank overdraft

Other (provide details)

Reconcil

5.1

5.2

5.3

5.4

Cash on hand and at bank

Deposits at call

Bank overdraft

Other (provide details)

Total: cash at end of quarter (item 1.22)

5,367

7,151

3 of 4

Changes in interests in mining tenements

6.1 Interests in mining tenements relinquished, reduced or lapsed

6.2 Interests in mining tenements acquired or increased

Tenement reference

Nature of interest

(note 2)

Interest at beginning of quarter

Interest at end of quarter

6.1 Interests in mining tenements relinquished, reduced or lapsed

6.2 Interests in mining tenements acquired or increased

See Annexure 1

Issued and quoted securities at end of current quarter

Total number

Number quoted

Issue price per security (cents)

Amount paid up per security (cents)

7.1 Preference securities

(description)

7.2 Changes during quarter (a) Increases through issues

(b) Decreases through returns of capital, buy-

backs, redemptions

7.3 Ordinary securities

7.4 Changes during quarter (a) Increases through issues

(b) Decreases through returns of capital, buy- backs

1,567,784,418

2,292,260

1,567,784,418

2,292,260

Fully paid

Fully paid

Fully paid

Fully paid

7.5 Convertible debt securities (description)

7.6 Changes during quarter

(a) Increases through issues

(b) Decreases through securities matured,

converted

7.7 Options (description and conversion factor)

Perform ance Rights

4,120,000

24,390,244

3,680,000

5,000,000

1,000,000

35,714,286

42,253,521

250,000

250,000

750,000

500,000

750,000

9,300,000

225,000

5,750,000

8,335,492

2,778,868

Exercise Price

$0.22

$0.12

$0.22

$0.22

$0.30

$0.08

$0.14

$0.15

$0.22

$0.11

$0.22

$0.25

$0.13

$0.13

$0.11

$0.00

$0.00

Expiry Date

2/02/2015

1/11/2015

3/01/2016

11/01/2016

11/01/2016

7/03/2016

7/03/2016

25/05/2016

25/05/2016

30/06/2016

30/06/2016

30/06/2016

31/07/2016

25/08/2016

16/01/2017

30/09/2016

1/07/2015

7.8 Issued during quarter

Perform ance Rights

12,503,238

2,778,868

$0.00

$0.00

30/09/2016

1/07/2015

4 of 4

7.9 Exercised during quarter

Perform ance Rights

2,292,260

$0.00

30/09/2016

7.10 Cancelled during quarter

(expired)

Perform ance Rights

1,875,486

$0.00

30/09/2016

7.11 Debentures

(totals only)

7.12 Unsecured notes

(totals only)

Compliance statement

1.0 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 4).

2.0 This statement does give a true and fair view of the matters disclosed.

Sign here:………………………………………………….. Date: 30 Oct 2014

Company Secretary

TODD ALDER

Print name: …………………………………………………..

Notes

1.0 The quarterly report provides a basis for informing the market how the entity's activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.

2.0 The "Nature of interest" (items 6.1 and 6.2) includes options in respect of interests in mining tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.

3.0 Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities.

4.0 The definitions in, and provisions of, AASB 1022: Accounting for Extractive

Industries and AASB 1026: Statement of Cash Flows apply to this report.

5.0 Accounting Standards ASX will accept, for example, the use of International Accounting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

ANNEXURE 1

Changes in interest in mining tenments

Tenement reference

Nature of interest

Interest at beginning of quarter*

Interest at end of quarter

EL28567

EL28512

E80/4747

EL27429

EL27876

EL26987

EL29396

EL27301

ELA26634

ELA27119

ELA27589

EL27115

E80/3837

E53/1807

Surrendered in full Surrendered in full Surrendered in full Surrendered in full Surrendered in full

Partial Surrender - 69 blocks surrendered - 149 blocks remaining

Surrendered in full

Partial Surrender - 41 blocks surrendered - 87 blocks remaining

Sold Sold Sold

Partial Surrender - 115 blocks - 9 blocks remaining

Surrendered in full

New Tenenement

100%

100%

100%

100%

100%

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100%

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0%

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Read the rest of the article at www.noodls.com
Data and Statistics for these countries : Australia | China | India | Japan | All
Gold and Silver Prices for these countries : Australia | China | India | Japan | All

Toro Energy Limited

DEVELOPMENT STAGE
CODE : TOE.AX
ISIN : AU000000TOE6
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Toro Energy is a gold producing company based in Australia.

Toro Energy develops gold, aluminum, phosphate, silica and uranium in Australia, and holds various exploration projects in Australia and in Morocco.

Its main asset in production is LAKE WAY in Australia, its main asset in development is WILUNA in Australia and its main exploration properties are RADIUM HILL, LAKE MACKAY PROJECT, MT WOODS, COOBER PEDY, NONNING, ROXBY–ACROPOLIS, LAKE FROME, AMADEUS PROJECT, REYNOLDS RANGE, TANAMI, NAPPERBY and CENTIPEDE in Australia, GAWIB WEST, TUMAS NORTH and CHUNGOCHOAB in Namibia and HAUTE MOULOUYA in Morocco.

Toro Energy is listed in Australia, in Germany and in United States of America. Its market capitalisation is AU$ 34.1 millions as of today (US$ 24.6 millions, € 21.6 millions).

Its stock quote reached its lowest recent point on April 03, 2020 at AU$ 0.00, and its highest recent level on March 12, 2021 at AU$ 2.40.

Toro Energy has 2 008 069 888 shares outstanding.

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Project news of Toro Energy Limited
7/23/2015Toro Energy accelerating uranium exploration
2/13/2012Oz Minerals' offer of $3.75m for terminated SA uranium proje...
5/5/2010(Lake Mackay Project)In survey start on 4th WA uranium project
1/7/2010(Wiluna) WA Govt Approval for resource test pit
9/24/2009(Lake Mackay Project)Drilling at Lake Mackay Commences
9/1/2009(Wiluna)Major boost for new WA uranium project
5/22/2009(Lake Mackay Project)launches first survey at WA uranium project
9/30/2008(Napperby)Drilling complete for 2008 at the Napperby Project
9/23/2008Wiluna Uranium Project - Prefeasibility Study
7/30/2008(Napperby)SIGNIFICANT MINERALISATION EXTENSIONS FROM 2008 DRILLING OF ...
7/28/2008(Napperby)DOUBLING OF RESOURCE FOR TORO’S NT URANIUM PROJECT
5/16/2008(Napperby)2008 Napperby Uranium Resource Drilling Underway
4/29/2008(Napperby)Napperby Uranium Deposit Drilling Resluts
1/23/2008(Napperby)Success at Napperby Uranium Project
Corporate news of Toro Energy Limited
2/2/2016High Grade Resources Expanded at Wiluna Uranium Project
1/28/2016Quarterly Activities and Cashflow Reports
1/18/2016Wiluna Uranium Project Public Information Sessions
12/3/2015Uranium: Critical to a clean energy future
12/1/2015Operations Update
12/1/2015Report: RealFin-Operations Update
10/30/2015September 2015 Quarterly Activities and Cashflow Report
10/30/2015Report: RealFin Research report 2015
10/27/2015Uranium: Critical to a clean energy future
10/27/2015Annual General Meeting Resolution Amendments
10/19/2015Director Appointment / Resignation
10/16/2015Notice of Annual General Meeting and Proxy Form
10/16/2015Annual Report to Shareholders
10/16/2015Report: Dundee Capital Markets Research report
10/15/2015Managing Director elected as a Fellow of Australian Academy
10/15/201520% Increase in Mineral Resources at Centipede / Millipede
10/12/2015Toro Energy on improving Uranium outlook
10/6/2015Australian Uranium and Clean Energy: Toro’s Opportunity
10/5/2015Updated Presentation to Sydney Mining club
10/2/2015Updated presentation to Sydney Mining Club
10/2/2015Report: WNA Investor briefing London
10/2/2015Interview with MD
9/25/2015Report: Proactive Investors research report
9/15/2015Report: TOE Financial report 2015
9/8/2015Full Year Statutory Accounts
9/8/2015Appendix 4G
9/8/2015Corporate Governance Statement
9/4/2015Toro pushes forward with Wiluna as Japan Reactors Restart
8/26/2015Report: RealCap Uranium Research August Report
8/25/2015Report: ATSE Eminent Speaker Series – Murdoch
8/25/2015Community Consultation begins for extension for Wiluna Urani...
8/25/2015Japan Signals Uranium market rejig
8/18/2015Wiluna Uranium Project Technical Studies
8/17/2015Women on the board leads to profitability
7/23/2015Report: Ready for the next Uranium price cycle
7/21/2015Report: Ready for the next Uranium price cycle
7/16/2015Report: Ready for the next upward uranium price cycle
7/15/2015Report: Quarterly Cashflow report – June 2015
7/14/2015Report: Quarterly Activities Report – June 2015
7/8/2015Report: RealCap Uranium Research June Report
7/2/2015Appendix 3B
6/25/2015Section 708A Notice – Sentient Placement
4/13/2015Report: SAREIC Presentation
4/8/2015Appendix 3Z – Final Director’s Interest Notice
4/8/2015Clarification Statement – 2015 PDAC Presentation
3/31/2015MD presentation at ASX Spotlight Series in New York
3/13/2015Report: Half Yearly Report and Accounts
2/23/2015Report: OEPA Reviewed Environmental Scoping Document
2/11/2015Australian Uranium Industry
1/30/2015Report: Quarterly Activities and Cashflow Reports – December...
1/16/2015Australia Business Week in India
1/12/2015Confirmation of Release – TOE – Appointment of Toro Energy M...
1/7/2015Confirmation of Release – TOE – Director Appointment
12/22/2014Confirmation of Release – TOE – $17.5M Received from The Sen...
12/12/2014Toro Welcomes Foreign Investment Review Board Approval of Th...
12/8/2014Toro’s SPP wins strong shareholder backing with A$3.9 millio...
11/12/2014ASX Announcement – Toro Announces Share Purchase Plan and Up...
11/7/2014Toro Completes Unitisation Agreement with Sentient – Confirm...
11/3/2014Media Release – Toro Secures Funding and Uranium Assets from...
10/30/2014Report: Quarterly Activities and Cashflow Reports – Septembe...
10/25/2012Derek Carter to retire from Toro Energy Board
5/4/2010not to procceed with $57m purchase option
9/17/2009 Share purchase plan offer for shareholders to subscribe for...
9/15/2009Release - OZ Minerals' CFO joins Toro Energy board
8/18/2009US fund in A$20m backing of Toro's uranium ambitions
7/29/2009China and Japan investors court Toro's Australian uranium as...
6/23/2009OZ Minerals - Toro Energy ASX release
6/15/2009Board changes as result of Oz Minerals vote
6/9/2009 withdraws from SA uranium project
1/7/2009director appointed to leading nuclear body
10/1/2008Announces $26m raising to fast-track key Australian uranium ...
9/23/2008WA Uranium Project Economically Viable at Long Term Prices
9/15/2008Toro welcomes WA o.k. for uranium mining
4/28/2008to Update NT Uranium Resource - Napperby
11/23/2007 Exploration and Drilling Update
10/26/2007 success in $275 million acquistion of Nova Energy
4/30/2007Signficant U results for Toro from Warrior first drilling
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Australia (TOE.AX)FRANKFURT (T4W.F)
0.017+0.00%0.009+0.00%
Australia
AU$ 0.017
09/30 12:00 -
0%
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0.017 0.017
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Year l/h YTD var.
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52 week l/h 52 week var.
0.013 -  0.038 -41.38%
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24hGold TrendPower© : 24
Produces
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Explores for Copper - Gold - Iron - Platinum - Ree - Scandium - Uranium
 
 
 
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