Toro Energy Limited

Published : December 01st, 2015

Report: RealFin-Operations Update

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Report: RealFin-Operations Update

Microsoft Word - Toro Energy Update - November 2015 (2)


Toro Energy


Update on Operations


November 2015


Recent Announcement

Toro Energy has recently announced and released their Public Environmental Review (PER) as part of their proposal to extend the Wiluna Uranium Project. The extended project will include the mining of two additional deposits - Millipede and Lake Maitland. The PER is reviewed by State and Federal Government as well as being made available to the public for comment.

The proposed extension to the Wiluna Uranium Project would allow Toro Energy to integrate the Centipede, Lake Way, Millipede and Lake Maitland deposits into the Wiluna Project. The method of mining all four deposits, processing of the ore and transport of finished product would be identical.


Path to Mining Commencement

To make the transition from an exploration property to a mining operation is a long and sometimes complicated bureaucratic process. It involves finding the correct balance between commercial viability, the preservation of the environment, the concerns of indigenous people and the regulatory requirements of both Federal and State government.

It is worth reflecting on the path and the accomplishments of the Toro Energy management team who have slowly and steadily continued to progress on a variety of issues. This progress will ensure that when the economic climate and market environment becomes conducive to the commencement of mining operations, they are perfectly positioned to take immediate advantage.


The timeline below shows the steps Toro Energy have taken since their listing application in 2006 to position themselves as the 'go-to' mid-size uranium producer in Western Australia.

Toro Energy Timeline Focussed on the Wiluna Project


2006

•Mar: Toro Energy ASX listing application

2007

•Aug: Toro Energy and Nova (ASX: NEL) merge providing Toro with the Wiluna Project asset


2008

•Sep: Wiluna Project prefeasibility study conducted

2009

•Mar: First resource drilling at Wiluna

•Apr: Application for mining lease at Lake Way lodged


2010

•Jun: Public release of ESD

•Jun: EPA of Western Australia approves ESD

2011

•Feb: Toro Energy aquires Millipede from MPUI Nickel Pty Ltd

•Jul: ERMP submitted for public comment


2012

•May: EPA recommends approval for Wiluna Project to proceed

•Oct: Western Australia Environment Minister grants State final approval for Wiluna

2013

•Apr: Federal Environmental Minister approves Centipede & Lake Way deposits

•Aug: Acquisition of Lake Maitland


2014

•Feb: Toro Energy seeks Government approval for Millipede and Lake Maitland

•Oct: ESD released for public consultation on extended Wiluna project

2015

•Feb: Millipede & Lake Maitland - EPA approve ESD

•Nov: Millipede & Lake Maitland PER available for public comment


2016

•Jan: Finalisation of negotiations with Wiluna Traditional Owners

•Apr: Millipede & Lake Mailtand - OEPA assesses proposal for consideration by EPA

•Sep: Western Australia Ministerial decision

•Nov: All Government approvals in place to commence mining

Abbreviations:


EPA: Environmental Protection Authority ESD: Environmental Scoping Document

ERMP: Environmental Review and Management Programme OEPA: Office of the Environmental Protection Authority


Comments

It is worth noting, that the Wiluna Project initially consisted of only the Centipede and Lake Way properties acquired through the merger with Nova in August 2007. Millipede was acquired in February 2011 from MPI Nickel (Pty) Ltd and Lake Maitland in August 2013. Together, the Wiluna Project (Centipede/Lake Way/Millipede/Lake Maitland) comprises 39.2 Mlbs of U3O8 at a 500ppm cut-off as released in the updated JORC resources results in October 2015.

The knowledge of the mineral resources at Wiluna has been steadily improving through rigorous scientific analysis and a series of drilling and survey programmes conducted by Toro Energy's geology team. This knowledge allows the Toro Energy management team to prepare highly informed optimisation strategies to determine the best possible mining and recovery schedule to maximise shareholder value.

Toro Energy has shown an ability to navigate through a challenging environment for a pre-production mining company since their 2006 listing. The company remains on track to finalise the necessary regulatory steps and requirements into 2016 to ensure an absolute readiness to commence operations as market conditions improve.

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Toro Energy Limited

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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$ 30.1 millions as of today (US$ 21.7 millions, € 19.0 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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