austr. TORO energy......URAN- produzent in 2013 !?! - 500 Beiträge pro Seite

[hbg55]

Toro Energy (ASX:TOE) in Offtake Talks with International Buyers


Sydney, July 1, 2010 (ABN Newswire) - Toro Energy Ltd (ASX:TOE) says it is commencing its first round of offtake agreement negotiations with international buyers for uranium oxide product from its Wiluna project in Western Australia, which is expected to see a maiden production from early 2013.

The company is in talks with uranium marketers and energy utilities in both Japan and the United States. Talks will follow immediately with potential customers in Europe, Korea and China, Toro said.

Toro's board and senior management believe the fundamentals of the global uranium market remain supportive of new uranium developments. According to World Nuclear Association figures, there are now 57 nuclear plants under construction, with 23 in China alone, and another 151 plants ordered or planned worldwide.

Chairman Erica Smythe said uranium demand was growing but supply was tight. The long-term uranium price has been relatively stable at around US$60 per pound, down from historical highs but a significant premium to the spot price, which continued to trade flat at around US$41 per pound, she said.


....und in GER scheint niemand DAVON notiz zu nehmen - gab
bislang bei WO nicht mal ne thread zur comp.

biete hiermit ALLLL int. eine neue info- und disk- platform
in der hoffnung auf rege nutzung !!!


zum weiteren kennenlernen empfehle ich mal die gepflegte
HP durchzustöbern......insbes. die pres. aus 07.2010....

http://www.toroenergy.com.au/

[hbg55]

kennziffern lassen sich m.e. auch durchaus sehen......

basierend heutigem SK von aud 0,11 ergibts sich
eine MK von aud-mios 106,2 bei 965mio shares fully dil.

CASH zu ende 03.2010....aud-mios....59,2


....und ein blick auf die charts offenbart steigendes int. seit beginn
von Q3.........bzw. die günstigen aussichten bei nem REBOUND teilnehmen
zu können....IMO

[hbg55]

auch der blick auf den weekly spot- price für U3O8
zeigt gen norden - konnte ggüber vorwoche um 4,25% zulegen
auf....usd 46,- lb


http://www.uxc.com/review/uxc_Prices.aspx

[hbg55]

nachfolg. mal die maps der akt. proj., wobei WILUNA das am
weitesten fortgeschrittene ist und bereits anfang 2013 mit der
produktion starten soll !!!

[nicolani]

könnte was werden!

[hbg55]

Antwort auf Beitrag Nr.: 39.889.858 von nicolani am 28.07.10 14:39:40

welcome N.,

jooo, denke HIER stimmt akt. das chance- risiko- verhältnis....und phantasie
nimmt zu, daß da mitten in aussi- land ein beachtlicher URAN- produzent deff.
entstehen kann !!!


schöööön auch, daß es nach furiosem tag gestern HEUTE abisl abkühlte, o h n e daß
wir das neue kurs- niv. wieder verlassen mußten......schau mal auf den chart....

[hbg55]

Antwort auf Beitrag Nr.: 39.888.637 von hbg55 am 28.07.10 11:48:06

....und mit heutigem tage gibts auf der HP geballte infos einzusehen zu.......

FOURTH QUARTER ACTIVITIES REPORT
for the quarter ending: 30 June 2010


...wie zb...

GLOBAL URANIUM MARKET

 Uranium spot price remained in the US$40.50
to US$41.75/lb U3O8 range during the quarter.
However, it experienced a strong upwards
movement late in July.


 Cameco Corp signed significant long-term
uranium supply agreements with China.

 New reactor construction continues to be
initiated, and new enrichment capacity
commences in the US.

 Long-term fundamentals and pricing remain
reasonable with LT price at US$58 to
US$60/lb, again with an uplift of US$2 in late
July.

[nicolani]

hi hgb55, bin eigentlich auf toro aufmerksam geworden durch cameco, allerdings steht man in downunder nicht sehr positiv dem uranbergbau gegenüber, bin dennoch sehr zuversichtlich, die zeiten haben sich geändert!!

[hbg55]

Antwort auf Beitrag Nr.: 39.896.450 von nicolani am 29.07.10 14:10:08

moin nicolani,

...nunja CAMECO doch ne andre liga als unser baby, aber sehe für TOE auf
mittlere sicht gute entwicklungs- chancen !!!

die grund- skepsis der austral. stellen scheint nach meiner einschätzung, sich
zu lockern, wobei ich ausdrücklich erwähnen möchte, daß ICH auch ein großer fan von
GREEN - techn. bin, aber realistischerweise akt. auch noch die notwendigkeit für
kern- energie sehe !!!

da scheint MIR allein schon aus gegraph. sicht der standort australien für
lieferungen nach china, indien, japan........seeeeehr günstig zu sein

mal schauen, was wir von den aufgenommenen liefer- verhandlungen demnächst
gemeldet bekommen

[nicolani]

Antwort auf Beitrag Nr.: 39.907.398 von hbg55 am 31.07.10 10:10:51

aber cameco hat ein joint-venture mit TOE, schau mal bitte auf deren homepage, und gerade dieses jv macht TOE so interessant, gruss

[hbg55]

Antwort auf Beitrag Nr.: 39.908.479 von nicolani am 31.07.10 21:25:01

...SIIII......und zwar das folgende....

The Birrindudu Uranium Project is a JV with uranium-major, Cameco, and covers 1535 km2 of
the highly-prospective Birrindudu region of northeast Western Australia


http://www.toroenergy.com.au/_webapp_384796/Birrindudu





...da könnte nebst WILUNA ein weiteres HIGHLIGHT erwachsen und unterstreicht
das ausserordtl. potential !!!

[nicolani]

also die tatsache, dass cco mit an bord ist, birgt natürlich riesiges potential, denn cco prüft vorher recht ordentlich, nur müssen jetzt die preise für u308 mal kräftig steigen, damit die explorer auch mal in den fokus der grossen anlegerschar gelangen, oder ein paar insider einfach nur den kurs treiben, positiv ist ja auch kein länderrisiko, we will see!!

[hbg55]

Monday, 2 August 2010

Retirement of Mr Jeff Sells as a Director of Toro Energy Limited

Mr Jeff Sells has advised the Toro Energy Board of his intention to retire as a Director of the Toro Energy Board due to an increasing workload in his other work commitments.

It is with regret that the Board has accepted the resignation of Mr Jeff Sells effective
2 August 2010.

As a Director of Toro Energy, Mr Sells has provided an outstanding contribution since
joining the Board following the Company’s merger with Nova Energy Ltd in 2007, including a period as Chairman of the Company’s Audit Committee.

The Board of Toro Energy wish to convey their thanks and gratitude to Mr Sells for his contribution, and wish him the very best in his future endeavours.

[nicolani]

Antwort auf Beitrag Nr.: 39.924.395 von hbg55 am 04.08.10 09:09:43

das teil ist weiterhin sehr stabil in downunder, kein rücksetzer bisher!!

[nicolani]

bleibt auch weiterhin stabil!!

[hbg55]

Antwort auf Beitrag Nr.: 39.967.969 von nicolani am 11.08.10 17:50:59

ja......kann man sagen, auch wenns marginal gen süden ging.........nur mit
dem haufen CASH allein ist wert schon schöööön nach unten abgesichert !!!

[hbg55]

mit heutiger news kam wieder mächtig kaufinteresse bei den aussis auf......


Toro Energy Limited (ASX: TOE) (“Toro”) has completed the extraction of a bulk
mineralised sample from a Resource Test Pit at its 100% owned Wiluna Uranium Project.

Over the past month 22,100 tonnes of material were extracted from the Test Pit within the
following categories..............


http://www.asx.com.au/asxpdf/20100825/pdf/31s2r4880rkc9v.pdf

[hbg55]

Antwort auf Beitrag Nr.: 40.079.851 von hbg55 am 01.09.10 10:02:39

...mit schönem vol. haben wir seitwärtsbewegung verlassen und
dabei auch die MA20- marke überwinden können......

[nicolani]

sieht nach ausbruch aus!

[hbg55]

ASX RELEASE
Monday, 20 September 2010

Government Approval received for
Toro’s Wiluna (WA) Uranium Project
Environmental Scoping Document


The Environmental Protection Authority of Western Australia (EPA) has approved the
Environmental Scoping Document (ESD) for Toro Energy’s 100%-owned Wiluna Uranium
Project.

The EPA’s approval of the ESD allows Toro to proceed with the preparation of an
Environmental Review and Management Programme (ERMP) on which final Government
decisions about the Project will be based. The ESD identifies the further environmental
studies Toro will be required to undertake to complete its ERMP.

Toro is working to have the ERMP on public exhibition in the second quarter of 2011.....


http://stocknessmonster.com/news-item?S=TOE&E=ASX&N=179567

[kiefernberg]

heute der Ausbruch unter hohen Umsätzen in Aussiland..

[nicolani]

Antwort auf Beitrag Nr.: 40.278.854 von kiefernberg am 07.10.10 07:46:52

na endlich!!

[hbg55]

Antwort auf Beitrag Nr.: 40.278.854 von kiefernberg am 07.10.10 07:46:52

...DAS dürfte sicherlich im zusammenhang mit der veröfftlg. des ANNUAL reports
2010 stehen.........solltet ihr auch mal studieren........


http://www.asx.com.au/asxpdf/20101008/pdf/31t0dss5j5txj8.pdf

[nicolani]

Antwort auf Beitrag Nr.: 40.327.246 von hbg55 am 15.10.10 10:07:57

war ne ente, in down-under keine bewegung, kommt aber noch!!

[synergy1]

Also bei einer aktuell ausgewiesenen Resource von (24.4mlbs) sehe ich da jetzt kein außerordentliches Potenzial in der Aktie,eher das Gegenteil. Sind mit einer Marktkap. von knapp 150 Mio Euro für einen Uran Explorer sogar sehr hoch bewertet. Das einzig positive was ich hier sehe ist die sehr hohe Cashflow womit sie ordentlich weiter Explorieren können/müssen. Mein Fazit: Da gibt es weit weit bessere Uran Explorer.

[hbg55]

Antwort auf Beitrag Nr.: 40.333.907 von synergy1 am 15.10.10 23:31:37

moin s1,

würdest DU uns mal wissen lassen, wie du auf ne MK von € 150,-mios kommst

[synergy1]

Antwort auf Beitrag Nr.: 40.333.930 von hbg55 am 15.10.10 23:39:37

Sorry mein Fehler sind natürlich knapp 82 Mio Euro Marktkap. hatte ich da wohl mit einen anderen Wert verwechselt. Aber selbst mit 82 Mio. ist die Aktie bei der ausgewiesen Res. bislang noch zu hoch bewertet.

[hbg55]

Antwort auf Beitrag Nr.: 40.333.946 von synergy1 am 15.10.10 23:47:05

...bitte sei bei deinen recherchen künftig sorgfältiger !!!!


hast dich offenbar noch gaaaar nicht mit dem wert auseinander
gesetzt, sonst würde soooo viel ´nonsense´ nicht rüber kommen

[synergy1]

Antwort auf Beitrag Nr.: 40.333.973 von hbg55 am 15.10.10 23:56:45

Wenn du das als Nonsens bezeichnest was Toro Energy auf seiner Website reinstellt...Nun gut dann kläre mich doch mal auf. Viel informatives habe ich in den Thread nicht gefunden um nicht zu sagen gar nichts. Das hier Cameco erwähnt wird und eine hohe Cashflow vorliegt kann mich nicht wirklich überzeugen von der Res. mal ganz zu schweigen.

[hbg55]

TORO to aquire 100% of dawson-hinkler well uranium proj. wiluna,WA.....from U308.....

http://www.asx.com.au/asxpdf/20101019/pdf/31t6g6r6vhvp0g.pdf

...DAS sollte den akt. angelaufenen genehmigungs- prozess begünstigen können

[hbg55]

...trotz leichter gewinn- mitnahmen zum handelsende hält der
positive trend an....

[hbg55]

Antwort auf Beitrag Nr.: 40.346.344 von hbg55 am 19.10.10 08:59:49

erst HEUTE zum wochenstart schlägt diese TOP- news sich auch im
vol- und kurs- verlauf nieder und dürfte noch für ne schöööööne
jahres- end- rally gut sein..........IMO





SK heute knapp unter TH....aud 0,135

[hbg55]

Weekly Spot Ux U3O8 Price




akt....usd 52,- lb

http://www.uxc.com/review/uxc_Prices.aspx

[hbg55]

...und zum WE gibts...........


Quarterly Activities and Cashflow Report


http://www.asx.com.au/asxpdf/20101029/pdf/31tj5k6hhbbj4m.pdf

[hbg55]

Antwort auf Beitrag Nr.: 40.405.284 von hbg55 am 28.10.10 09:58:53

der weiter anziehende U308- preis kommt nun auch bei TORO an.

HEUTE gehts bei TOP- vol. von 16mios nen kräftigen satz gen
norden..........mit SK von aud 0,15


dürfte nicht zuletzt auch an jüngstem REUTER- research liegen.....

http://finance.yahoo.com/q/rr?s=TOE.AX+Research+Reports

[hbg55]

Antwort auf Beitrag Nr.: 40.405.284 von hbg55 am 28.10.10 09:58:53

...WAS ist dran an folg. these.........

Uranium: The next gold?

DAZU mal ein int. video.........

http://www.theglobeandmail.com/report-on-business/video/uran…

[nicolani]

immer schoen langsam nach oben!!

[hbg55]

Antwort auf Beitrag Nr.: 40.472.290 von hbg55 am 08.11.10 06:25:21

..auch heute hält TOP- nachfrage an !!!


mit diesmal knapp 14mio vol. schließen wir mit aud 0,17
auf TH

[nicolani]

Antwort auf Beitrag Nr.: 40.480.473 von hbg55 am 09.11.10 09:29:36

habe 3 pferde im rennen toe und jnr und dml in kanada, vom start her fuehren jnr und toe!!

[hbg55]

Antwort auf Beitrag Nr.: 40.482.737 von nicolani am 09.11.10 13:15:50

glückwunsch zu deinen picks


TOE hat dich auch zum WE nicht enttäuscht - ist volll in der rally drin
und wird weiter getrieben durch stetig anziehende U308- notierungen !!!

....enjoy the WE


grüssis hbg55

[nicolani]

Antwort auf Beitrag Nr.: 40.508.730 von hbg55 am 12.11.10 09:49:40

obwohl es eine kleine konso gegeben hat, unser pferdchen laeuft, gruss

[hbg55]

sooo, deal mit UTO unter dach und fach......hier schaut mal
letzte news......


UTO: Sale of Dawson Hinckler Uranium Project Finalised

http://www.asx.com.au/asxpdf/20101210/pdf/31vjf2fj9y8xpl.pdf

[hbg55]

Antwort auf Beitrag Nr.: 40.405.284 von hbg55 am 28.10.10 09:58:53

U308- preis erholt sich weiter - inzwischen über 35 % anstieg
innerhalb der letzten 3 monate......kurs hat dies hingegen kaum
nachempfunden, trotz jüngst abgeschlossener aqui des Dawson Hinckler-
proj. bzw. der damit verbundenen res.- erhöhung um 30 %


umfangreiche infos hierzu gibts im jüngst herausgekommenen.........

Quarterly Activities and Cash Flow Report

http://www.asx.com.au/asxpdf/20110127/pdf/41wcyfr086vjxg.pdf


für MICH ein grund meeeehr, posi noch abisl aufzustocken

[nicolani]

keep on staying!!

[allida]

Toro Energy holds the uranium rights at Mt Woods, with OZ Minerals intersecting uranium
1:26 am

Toro Energy (ASX: TOE) has uranium rights surrounding the Prominent Hill Mine Lease in South Australia owned by OZ Minerals (ASX: OZL) from which OZ has intersected very interesting uranium mineralisation from drilling in 2010.

Toro owns the Mt Woods uranium rights that cover EL4283, 4025, 4390 and 4132, although they do not extend to Prominent Hill.

Uranium anomalism had been intersected previously by CRA in the Mt Woods Project area associated with Iron-Oxide-Copper-Gold (IOCG) alteration, similar in style to Prominent Hill.

Diamond drilling highlights from OZ's 2010 drill program include:

- 0.7 metres at 633 parts per million (ppm) U3O8 from 239.3 metres;
- 2 meters at 188ppm U3O8 from 178 metres, in a hole located just 6 kilometres west of the Prominent Hill Mine; and
- 2 metres at 283ppm U3O8 from 148 metres.

It is still early days as to the significance of these uranium results, but they demonstrate the association of uranium with copper-gold mineralisation. They highlight a possible new style of uranium mineralisation without significant copper or gold.

In 1986, CRA intersected 6.56m @ 159ppm U3O8 from 215.2m and OZ intersected 8.6m @ 118ppm U3O8 from 176.64m immediately adjacent to the Prominent Hill Mine Lease.

Greg Hall, managing director of Toro, said “The Mt Woods tenements in South Australia are considered one of the most prospective areas for IOCG mineralisation in the World.

"Although the uranium grades in the OZ Prominent Hill mine are low, we are cognisant of the contained uranium in the similar style Olympic Dam mine.

"Although the tenor of the uranium grades intersected so far is low, Toro is still hopeful that an IOCG deposit discovered on the Mt Woods Project has the potential for economic uranium.”

Prominent Hill contains an average grade of 106ppm U3O8, with parts of the ore-body averaging 212 to 260ppm U3O8.

Prominent Hill is located 130 kilometres north west of BHP Billiton’s (ASX: BHP) Olympic Dam and 130 kilometres south east of the town of Coober Pedy in the Gawler Craton of South Australia, with the first production from the open pit copper-gold mine in 2009.

[hbg55]

Antwort auf Beitrag Nr.: 41.104.919 von allida am 25.02.11 10:00:47

DARÜBER hinaus gibts auch noch......


1. neue presi 02.2011

2. Half Year Accounts

http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode…

[allida]

Toro Energy steps closer to environmental approval for Wiluna Uranium Project
Thursday, March 03, 2011
Toro Energy steps closer to environmental approval for Wiluna Uranium Project

Toro Energy (ASX: TOE) has submitted documentation to the Federal and Western Australian Governments on which final decisions will be made about the company’s 100% owned Wiluna Uranium Project in Central Western Australia.

The Environmental Management Review Programme/Draft Environmental Impact Statement (ERMP/Draft EIS) lodged by Toro describes in detail the impacts of the project and how they would be managed.

The preparation of the ERMP/Draft EIS is the third major step in the assessment and approval process for the Wiluna Project following the referral of the project to the Western Australian and Federal Governments in October 2009, and the public exhibition of an Environmental Scoping Document in mid-2010.

The documentation is being considered by the Environmental Protection Authority of Western Australia which is leading the Government assessment of the project under a bilateral agreement between the Western Australian and Federal Governments.

This first draft of the ERMP/Draft EIS is being assessed to determine whether it complies with guidelines set for its preparation and is suitable for public exhibition.

A public exhibition period of 14 weeks has been set for the ERMP/Draft EIS during which individuals and organisations will be able to make submissions to Government about the project.

To support this process, Toro will hold public information days in Wiluna, Leonora, Menzies and Kalgoorlie.

Toro is planning to have the Wiluna Project in production in 2013, subject to Government and Toro board approvals.

Wiluna contains two shallow calcrete deposits, Lake Way and Centipede, with prefeasibility and optimisation studies completed and a definitive feasibility study underway.

The company envisages a 10-year mine life at the rate of around 700 tonnes of uranium oxide per annum for Wiluna although nearby regional exploration and asset acquisition could extend this.

Toro has three other exploration and development projects in Western Australia, and owns uranium assets in Northern Territory, South Australia and in Namibia, Africa. Toro is well funded with a supportive major shareholder in OZ Minerals (ASX: OZL).

[reini81]

Hallo,

anbei der Link zur PDAC Presentation, March 2011:

http://www.asx.com.au/asxpdf/20110307/pdf/41x8l3zssdxykh.pdf


Gn8

reini81

[shews]

Toro Energy Limited Appoints Mr Martin Janes As General Manager Marketing And Project Finance

http://abnnewswire.net/press/en/67387/Toro_Energy_Limited_(A…

Mit einigen Ausführungen von Managing Director Greg Hall zum long-term sector outlook.

[hbg55]

Antwort auf Beitrag Nr.: 41.471.160 von shews am 09.05.11 07:56:46

nicht minder int. auch das folg. expl.- UPDATE.............



ASX RELEASE Tuesday 10 May 2011 Deep Yellow and Toro Energy commence drill program targeting “Alaskite style” uranium in Namibia Nova Energy Namibia Pty Ltd (“Nova” – owned by Deep Yellow Ltd, Toro Energy Ltd and Sixzone Investments) will commence an approximate 10,000m reverse circulation drilling program this week on their tenements in Namibia. Deep Yellow Limited (ASX code: “DYL”), operating through Reptile Uranium Namibia (Proprietary) Limited, will manage this program designed to test the “Alaskite-style” uranium potential of EPL 3669. The approximate drill lines are shown on Figure 1 and are subject to strict environmental and rehabilitation conditions.

The drilling will evaluate the western strike extension of uranium mineralisation recently reported by Extract Resources at the Pizarro prospect (8m metres @ 638 ppm U3O8), along with other targets related to low magnetic responses contained within a stratigraphic and structural corridor. Holes will be drilled to a nominal 150m depth. All holes will be gamma probed and anomalous zones will be assayed.

The drilling program is expected to take about 6 to 8 weeks depending on results. Reconnaissance drilling on EPL 3670 will complete the drill program for 2011.

Deep Yellow completed their earn-in commitment of $3.5m expenditure in early 2011 and hold 65% ownership of Nova, Toro Energy has retained 25% equity and has committed to participate in this drill program.

Sixzone Investments have a 10% equity share in Nova. Greg Hall Managing Director Information in this report is based on information compiled by Mr Mark McGeough who is a Member of the Australasian Institute of Mining and Metallurgy. Mr McGeough is a full-time employee of Toro, and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’.

Mr McGeough consents to the inclusion in this release of the matters based on his information in the form and context in which it appears. MEDIA CONTACT: Greg Hall Toro Energy Kevin Skinner Field Public Relations 08 8132 5600 08 8234 9555 / 0414 822 631 Figure 1: Proposed Drilling on EPL 3669 Toro Energy is a modern Australian uranium company with progressive project development, acquisition and growth. The company is based in Adelaide, South Australia with a project office in ....


http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode…

[shews]

Toro Energy managing director Greg Hall increases stake in company

http://www.proactiveinvestors.com.au/companies/news/16354/to…

Full disclosure: Ich bin hier noch nicht investiert, aber sehe in Toro einen potentiellen x-bagger auf Sicht von 2-3 Jahren.

[allida]

Toro Energy appoints experienced Vanessa Guthrie to head emerging uranium mine
Tuesday, June 14, 2011 by John Phillips
Toro Energy appoints experienced Vanessa Guthrie to head emerging uranium mine

Toro Energy (ASX: TOE) has appointed the very experienced former Woodside Petroleum (ASX: WPL) and Alcoa (ASX: AAI, NYSE:AA) executive Vanessa Guthrie.

Guthrie will be responsible for Toro’s emerging Western Australian Wiluna uranium project, which is targeted by 2013 to be the State’s first modern-era uranium mine.

Guthrie will have responsibility for managing the advanced approvals processes, negotiations and development of the proposed A$270 million mine as it goes through final State and Federal Government regulatory and approvals processes.

These processes include public consultations, and overseeing the establishment of the Wiluna Project’s infrastructure, processing facilities, commissioning and maiden U3O8 production.

Greg Hall, managing director, commented on the appointment, “There is now considerable momentum behind our Wiluna Project and because it has an obvious leadership position in the new WA uranium exploration and mining space, it is imperative that Toro delivers this transition in a highly transparent and world’s best practice manner.”

Most recently Guthrie was chief executive of Wellard Enterprises, a group which in part provides communications, control systems and consultancy services to mining, port and infrastructure providers in Western Australia, Queensland and throughout South East Asia.

[hbg55]

Amended Letter to Shareholders - Uranium Market Update

http://www.asx.com.au/asxpdf/20110606/pdf/41z21p6tr7mr43.pdf

[hbg55]

mit nachfolg. presi findet TOE bei den investoren wieder neues interesse..........


Greg Hall Presentation to Aust Uranium Conference Fremantle


http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode…

[allida]

Toro Energy moves closer to acquiring 40% stake in Nowthanna uranium deposit
Tuesday, September 20, 2011
Toro Energy moves closer to acquiring 40% stake in Nowthanna uranium deposit

Toro Energy (ASX: TOE) has reported Impact Minerals' (ASX: IPT) sale of its 40% beneficial interest in the Nowthanna uranium deposit in Western Australia to Toro is in progress, and is expected to be complete by the end of September.

The sale comprises 100% of the Quinns Lake Project (E51/1075) and 20% of E51/1072, which is part of the Yarraburra Nickel Joint Venture. Toro has agreed to purchase the remaining 80% of E51/1072 from the other parties in the JV.

Impact will receive $713,000 cash and 5,485,000 Toro shares at completion. Half of the shares will be escrowed for 6 months and the remaining half will be escrowed for 12 months.

Through the direct shareholding in Toro, Impact will retain significant upside to the targeted first production from late 2013 from Toro's Wiluna uranium project, 150 kilometres east of Nowthanna, as well as its extensive portfolio of uranium prospective exploration assets in Australia and Namibia.

Impact has also announced the commencement of a major reverse circulation and diamond drill program at the Botswana Uranium Project.

Drilling is testing for large deposits of uranium hosted by Karoo sandstone and by Proterozoic sedimentary rocks and basement granite and granite‐gneiss.

The reverse circulation drill program started in the Moiyabana area and 19 holes for 1,420 m have been completed on widely spaced drill lines up to several kilometres apart.

At the Red Hills Prospect 17 holes for about 3,229 metres on three lines up to 1 kilometres apart have been completed.

The drill rig is currently at the Mogome Prospect where at least a further 1,200 metres of RC drilling is planned to test uranium‐anomalous leucogranite, gneiss and migmatite.

The first results are expected soon and these will determine the scope of the diamond drill program.

The company has also completed a major airborne magnetic gradiometer and radiometric survey over the northern part of the Xade Complex in central Botswana. The data has been received and a detailed interpretation is in progress.

[allida]

Toro Energy finalises the acquisition of two key uranium tenements within the Wiluna region
Friday, October 07, 2011
Toro Energy finalises the acquisition of two key uranium tenements within the Wiluna region

Toro Energy (ASX:TOE) has finalised the acquisition of two key uranium tenements within the Wiluna region, 150 kilometres west of Toro's Wiluna Uranium Project in Western Australia.

The two exploration tenements cover approximately 70% of the Nowthanna uranium deposit near Meekatharra.

Meanwhile, Toro is aiming to deliver a revised JORC resource update for the Wiluna Region this month. Nowthanna will constitute a portion of the revised consolidated resource.

On a 100% basis, the Nowthanna deposit has an Inferred JORC Resource of 10.37 million tonnes at 446ppm uranium for 4,600 tonnes (10.1Mlb) of contained U3O8 at a 200ppm cut-off grade.

Full legal documentation, formalising the terms of the transaction outlined in the non binding term sheet, has now been executed with a group of vendors led by Impact Minerals (ASX:IPT).

The vendors included CITIC Nickel Pty Ltd, Talbot Group Investments Pty Ltd, Spar Resources Pty Ltd, John Rowntree and Teddy Tech Pty Ltd, for the purchase of two exploration tenements, E51/1072 and E51/1075.

The acquisition fits neatly with similar regional transactions by Toro in the past 12 months that secured uranium tenements in WA from U308 Limited (ASX: UTO), MPI Nickel Pty Ltd (a subsidiary of Norilsk Nickel Australia Pty Ltd, transaction in process) and the Minerals and Metals Group.

All host either uranium resources or defined uranium mineralisation, as part of the company's regional consolidation strategy.

[allida]

Toro Energy delivers 32% boost to 50.1Mlbs uranium resource at Wiluna region
Monday, October 10, 2011 by John Phillips
Toro has delivered a 32% increase in resource in the Wiluna region, signifying the benefit of its exploration programs and regional consolidation. Toro is aiming to be Australia’s next uranium producer. Toro has delivered a 32% increase in resource in the Wiluna region, signifying the benefit of its exploration programs and regional consolidation. Toro is aiming to be Australia’s next uranium producer.

Toro Energy (ASX: TOE) continues to unlock the potential of the Wiluna Uranium Project in Western Australia, and today delivered yet another boost in an updated resource.

The Wiluna Regional base has increased 32% to 50.1 million pounds of contained U3O8, which is comprised from 52.25 million tonnes at 434 parts per million (ppm) for 22,641 tonnes of contained uranium at 200ppm U3O8 cut-off.

Greg Hall, managing director, said that Toro was moving closer to being Australia’s next uranium producer.

"The resource upgrade of the Centipede and Lake Way deposits and recent successful pilot plant processing testwork enhance the continuing technical feasibility study of the Wiluna Project, currently in the public review phase of government assessment."

Wiluna resources in the Centipede and Lake Way deposits have been upgraded with additional drilling, with 58% of the project resource now in the higher confidence categories of Measured and Indicated.

Highlighting the progression of the project, Toro is already seeking Government approvals to commence mining of these two deposits.

The new total for the Wiluna Uranium Project resources are now categorised as, 0.3 million pounds Measured, 13.6 million pounds Indicated and 10.0 million pounds Inferred.



Wiluna project - Centipede and Lake Way breakdown

The Centipede resource increased by 4% in metal tonnes to 12.3 million pounds U3O8, comprised from 11.32 million tonnes 493ppm for 5,579 tonnes contained uranium at 200ppm U3O8 cut-off, which was mainly due to further refinement of the resource model.

At Lake Way, better definition of the mineralised envelope has resulted in 11.6 million pounds U3O8, from 9.96 million tonnes at 530ppm for 5,280 tonnes contained uranium at 200ppm U3O8 cut-off, which represents an 8% decrease.

Hall, told Proactive Investors today, that the company are currently undertaking an additional 3,500 metres of drilling (around 250 to 290 holes) to continue to lift the Wiluna Project resource into Measured and Indicated.

"We have a substantially larger campaign planned for next year which will continue the Wiluna Project definition, but also commence more detailed drilling on our acquisitions."



Wiluna regional - Millipede, Dawson Hinkler Well and Nowthanna

Hall added, “This full update on the Wiluna Project resources and Wiluna Regional resources supports our decision to progress with the Wiluna Uranium Project, and to continue to seek further uranium project opportunities within a 200 kilometre radius of Wiluna.

“The acquisitions from U308 Ltd, MMG, MPI and now Impact, CITIC and others in the past twelve months consolidate Toro into a very strong position in the Wiluna region.

“Toro released the Environmental Review and Management Programme (ERMP) for the Wiluna Uranium Project in Western Australia on 25 July for a 14 week public consultation phase of government assessment. It is the first of Western Australia’s modern era uranium projects to reach this important milestone,” he said.

The regional resource model has included the newly established resource at Millipede for the first time.

The evaluation has realised 6.64 million pounds U3O8 (6.01 million tonnes at 500ppm for 3,008 tonnes of contained uranium at 200ppm U3O8 cut-off).

At Dawson Hinkler, a significant increase of 46% in metal tonnes was realised on the previous resource as a result of improved definition of the mineralised envelope as well as the inclusion of mineralisation to the west at Toro’s Albion Downs prospect.

The evaluation realised 8.98 million pounds U3O8 (13.07 million tonnes at 312ppm for 4,074 tonnes of contained uranium at 200ppm U3O8 cutoff).

At Nowthanna near Meekatharra, an update of the recently acquired resources on Toro owned tenements realised 10.5 million pounds U3O8 (11.9 million tonnes at 400ppm for 4,700 tonnes of contained uranium at 200ppm U3O8 cutoff).

[allida]

Toro Energy intersects more high grade uranium at Theseus, points to large uranium system
Thursday, October 27, 2011 by John Phillips
Toro Energy intersects more high grade uranium at Theseus, points to large uranium system

Toro Energy (ASX: TOE) continues to intersect high grade uranium mineralised zones at the wholly owned Theseus uranium project in Western Australia.

For the last phase of the program, Toro focused on testing the extent of higher-grade zones within the 8 kilometres of palaeochannel previously defined.

Drilling at 100 metre spacing has intersected higher grade zones of mineralisation in three locations.

The mineralised zone at the Theseus Project palaeochannel system is now confirmed over a minimum strike length of 8 kilometres, and averages 500 metres wide, varying in thickness from 1 metre to 9 metres.

This palaeochannel system is considered open to the northwest and to the southeast with a secondary, mineralised, 2 kilometres long tributary that is also open to the east.

The latest results are pointing to a large uranium mineralised system.

Highlights from the final phase of the in-hole gamma results from the mud rotary program include:

- 1.52 metres at 0.15% uranium [0.22%GT] from 116.61 metres, including 0.46 metres at 0.44% uranium;

- 3.44 metres at 0.13% uranium [0.45%GT] from 111.4 metres, including 1.34 metre at 0.31% uranium; and

- 3.74 metres at 0.17% uranium [0.65%GT] from 100.2 metres, including 2.62 metres at 0.23% uranium.

Importantly, the tenor and grade of intersection results above at >0.1%GT would be considered ore-grade for a typical in-situ recovery operation.

Greg Hall, managing director, commented on the positive results, “The most recent drilling results from the Theseus Project point to a large uranium mineralised system with the right ingredients for in-situ recovery.

"The potential size of the system is very encouraging for Toro.

"Further work already underway will provide more information on the uranium mineral species and the potential to extract uranium in a leach solution, but we have been especially encouraged by the tenor of intersections late in the program where ore-grades seen elsewhere are now being regularly intersected at Theseus.”


Extensive 2011 drilling program

The 2011 drilling program comprised in total 51 aircore holes for 6700 metres and 64 mud rotary holes for 8500 metres, which have now all been completed.

Providing another boost to the project, the addition of the extra geophysical information gained from the mud rotary drilling is enabling Toro to build a geological model to constrain higher-grade mineralisation and provide targets for drilling in 2012.

Once a full analysis of the geophysical data is completed early in November, an exploration target range for 2012 will be announced for the Theseus Project.

[allida]

Toro Energy director increases direct stake in the company
Wednesday, November 09, 2011 by Angela Kean
Toro Energy director increases direct stake in the company

Toro Energy (ASX: TOE) non-executive director Peter Lester has acquired further shares in an on-market purchase, boosting his direct stake in the company.

Lester bought 60,000 shares on-market for a consideration of A$4,866, providing an average entry price of $0.08.

The purchase upped his stake to 60,000 ordinary shares and 1 million unlisted options.

Toro Energy is currently in a very interesting position, continuing to intersect high grade uranium mineralised zones at the wholly owned Theseus uranium project in Western Australia.

The mineralised zone at the Theseus Project palaeochannel system is now confirmed over a minimum strike length of 8 kilometres, and averages 500 metres wide, varying in thickness from 1 metre to 9 metres.

Recent results at the project point to a large uranium mineralised system.

[allida]

Toro Energy: exploration target set at plus 20Mt at 400ppm uranium at Theseus
Mon 7:57 pm

Toro Energy (ASX: TOE) has now outlined an exploration target for the wholly owned Theseus Uranium Project in Western Australia, where the company has recently returned grades of up to 9,000 parts per million (ppm) uranium.

The target is 20 to 40 million tonnes at 400 to 500ppm uranium, for 10,000 to 20,000 tonnes of uranium, (or 22 to 44 million pounds).

Toro is already putting in place a plan to test the target, which will be evaluated by mud rotary drilling during 2012, following the results of studies of disequilibrium and bottle roll leach testing.

Studies will focus on recovery characteristics and the potential to improve uranium grades from gamma data collected so far.

Greg Hall, managing director, commented on the good news, “Theseus has to date been a major success story for Toro and one that is yet to be fully recognised by equities markets as a major grass roots uranium discovery.

"It is becoming clear that Theseus may only be one prospect within this new uranium province and the region has the potential for further major discoveries. Toro believes that the exploration target range announced today is only a small indication of the significant potential of this region.”


Drilling success at Theseus from 2011 program

Toro delivered some exploration success at Theseus in the 2011 drilling program, with results such as 3.44 metres at 1,137ppm uranium, which includes the peak result of nearly 9,000ppm.

Drilling during the year confirmed the presence of significant uranium mineralisation, with a total of 130 vertical mud rotary and aircore having now been drilled and downhole gamma logged at the project.

Significantly, half of the holes report a gamma, assay or PFN result greater than 0.5 metres at 100ppm uranium.

Uranium mineralisation is hosted within the variably oxidised sand-clay sequence and its distribution is concentrated at boundaries between reduced and oxidised sediments.

The thickest and highest grade mineralised intercepts are hosted within sands ranging from 1 to 6 metres thick, while thinner intercepts are localised at the upper and lower boundaries of sand units.

[allida]

Toro Energy granted halt pending capital raising announcement
Tuesday, November 29, 2011 by John Phillips
Toro Energy granted halt pending capital raising announcement

Toro Energy (ASX: TOE) has been granted a trading halt by the ASX pending the release of a capital raising initiative, with the company's shares placed in pre-open.

Toro has not yet indicated where the potential capital injection will be allocated, but the company is currently in a very interesting position and just last week delivered results from a major review of the financial outcomes of the Wiluna Uranium Project in Western Australia.

Highlights included that over the first 10 years operating life of the project the new economic model has indicated that a "C1" cash operating cost of US$33 per pound uranium.

C1 cash operating costs encompass all fixed and variable site based costs such as mining, milling, processing, admin and general expenses. It excludes royalties and capital allowances.

The halt will last until the earlier of the announcement being made to the market, or the open of trade on Thursday 1 December.

[allida]

Toro Energy exits trading halt, talks with cornerstone investors continue
Thursday, December 01, 2011 by Jeff Coote
Toro Energy exits trading halt, talks with cornerstone investors continue

Toro Energy (ASX: TOE) is no longer in the trading halt granted by the ASX on 29 November 2011, pending an announcement of a capital raising initiative.

Toro has been in talks with a number of Asian based investor groups interested in entering into strategic partnership with the company through a cornerstone equity investment.

Negotiations are continuing and the market will be updated again in due course.

Toro is fully funded for its near term activities at the Wiluna and Theseus projects in Western Australia.

Wiluna contains two shallow calcrete deposits, Lake Way and Centipede, with prefeasibility and optimisation studies completed and technical work underway that will lead to a Definitive Feasibility Study.

Just last week the company delivered results from a major review of the financial outcomes of the Wiluna Project. Highlights included that over the first 10 years operating life of the project the new economic model has indicated that a "C1" cash operating cost of US$33 per pound uranium.

C1 cash operating costs encompass all fixed and variable site based costs such as mining, milling, processing, admin and general expenses. It excludes royalties and capital allowances.

Toro has commenced the approvals process targeting the company’s first uranium production late 2013 and Wiluna remains on track to emerge as Australia’s fifth operating uranium mine.

The company has a very healthy cash balance of about $15 million, and in addition recently announced the $3.75 million consideration for the retirement of the Mt Woods uranium rights in South Australia.

[allida]

Toro Energy: JV partner set to explore for heavy rare earth elements at Browns Range
Tuesday, December 06, 2011 by John Phillips
Toro Energy: JV partner set to explore for heavy rare earth elements at Browns Range

Toro Energy (ASX: TOE) in a very strategic move has executed an agreement with Northern Minerals (ASX: NTU) to initiate a new joint.

The agreement allows for Northern to explore for non-uranium minerals on seven of Toro’s wholly owned tenements in the Tanami region of the Northern Territory.

Northern intends to focus on heavy rare earth elements as part of its Browns Range project while Toro retains 100% of all uranium rights throughout the joint venture.

Greg Hall, managing director of Toro, commented on the opportunity:

“We are very pleased to have Northern Minerals as a joint venture partner in the Tanami region and look forward to working together to progress this underexplored region.

"Toro believes there is great opportunity not only for rare earths but also gold and uranium and we hope this joint venture will help drive additional fresh exploration in the region.”


Terms of the joint venture

- The agreement allows Northern to earn up to 80% interest in non-uranium minerals in the tenements over a five year period in various stages;
- In the first stage, Northern has agreed to spend $4 million on exploration over the first three years to earn a 51% interest;
- In the second stage, Northern has the option to increase its interest to 70% by spending an additional $2 million over the following two years; and
- Finally, Northern has the option to complete a Bankable or Definitive Feasibility Study and lift its equity position in non-uranium minerals to 80% if Toro chooses not to contribute.

The tenements lie around the southern margin of the Browns Range Dome and, in particular, have substantial potential for unconformity style uranium.

Highlighting the prospectivity of the area, the single previous explorer, Japanese company, PNC Ltd, had identified a 20 kilometre long belt of geology that is directly analogous with that of the Alligator River Uranium Field, which hosts the Ranger and Jabiluka uranium deposits.

PNC created a sizable dataset that will enable Toro to fast-track its own uranium exploration in the area, which will also assist in the exploration for other commodities by the joint venture partners.


Toro remains very well-funded

Toro had $18.5 million in cash at the end of the September 2011 quarter.

[allida]

Toro Energy buoyed by WA Opposition Leader’s revised uranium mine policy
Tuesday, January 24, 2012 by Angela Kean
Toro Energy buoyed by WA Opposition Leader’s revised uranium mine policy

Toro Energy (ASX: TOE) is encouraged by Western Australian Opposition Leader Mark McGowan’s announcement this week that he will allow uranium mines already approved by the current Liberal Government to proceed if Labor gains power in the next election.

A Government decision is expected for Toro’s Wiluna Project by mid-2012, well before Western Australia’s next election, with environmental impact documentation now in the final stages of assessment by the Western Australian and Federal Governments.

Subject to the uranium market and suitable project finance, Toro anticipates a development decision by the end 2012, with construction and commissioning through 2013 and first sales in 2014.

Last year Toro completed and announced technical and economic improvements to its Wiluna Project, with increased resources, pilot processing completed, and improved economic outcomes.

A major review of the economic model for Wiluna has yielded a C1 cash operating cost of US$33 per pound of uranium and recoveries of 85% after a two year ramp up.

Wiluna is the most advanced project in government assessment in Australia, and one of a few uranium projects globally, able to be developed in the short term.

Managing director Greg Hall said while the policy shift is welcome, and supports the current status of the Wiluna Uranium Project, it still does not create full certainty for future uranium projects in Western Australia.

The final detailed engineering study will begin at the start of February, with completion of the Definitive Feasibility Study planned to coincide with anticipated approval decisions.

[allida]

Toro Energy launches SPP to boost $10.5m pot for advanced uranium projects
Monday, February 06, 2012 by Christine Feary
Toro Energy launches SPP to boost $10.5m pot for advanced uranium projects

Toro Energy (ASX: TOE) has launched a Share Purchase Plan to raise funds for progressing the company’s advanced stage uranium projects, Theseus and Wiluna, in Western Australia.

Uranium explorer and developer Toro finished the December quarter with A$10.5 million cash. The company now has the chance to increase this by launching the share purchase plan.

Toro is offering shareholders the opportunity to purchase up to A$15,000 worth of shares at an issue price of A$0.08 per share, a hefty discount to the company’s Friday closing price of A$0.10.

Money raised through the placement will be applied to further drilling and project advancement work at Thesus, Resource and brownfields development at Wiluna and ongoing working capital requirements.

Toro managing director Greg Hall said the company was making good progress at both projects.

“Toro is continuing to advance its Wiluna Uranium Project through WA and Federal Government approvals, and anticipates Government decisions by approximately mid-2012,” Hall said.

“This will make Toro‟s Wiluna Project one of the only independently-owned uranium projects around the world to advance to this stage.”

“The continued drilling and project advancement of the exciting new Theseus Project is expected to allow the definition of a JORC compliant resource during the year, and will potentially provide Toro with a further pipeline uranium project.”

Importantly for Toro, uranium development has support from the state government, and the opposition leader has said that if elected, previously approved uranium mines would be allowed to continue development.

The share purchase plan will open on February 15 and is scheduled to close on March 6.

[allida]

Toro Energy’s Namibian interests progress with renewal of exploration licences
Tuesday, February 21, 2012 by Proactive Investors
Toro Energy’s Namibian interests progress with renewal of exploration licences

Toro Energy (ASX: TOE) holds a 25% interest in Deep Yellow’s (ASX: DYL) 65% owned Namibian subsidiary Nova Energy, which has had three of its Exclusive Prospecting Licences renewed for a further two years.

The highly prospective ground is flanked by Namibia’s largest currently known uranium deposit and the world’s third largest uranium-only deposit, the Husab Uranium Project owned by Extract Resources’ (ASX: EXT) wholly owned Namibian subsidiary Swakop Uranium.

Husab hosts a Measured uranium Resource of 84 million pounds, an Indicated Resource of 274 million pounds and an Inferred Resource of 130 million pounds.

Other major uranium projects located nearby include Paladin Energy’s (ASX: PDN) Langer Heinrich Mine, Bannerman Resources’ (ASX: BMN) Etango deposit and the Rio Tinto (ASX: RIO) -Pitchstone Exploration Dome Project.

This is the second time the three licences have been renewed in full and with no further conditions.

Meanwhile, Toro is working towards advancing its Western Australian projects through a share purchase plan.

Toro is offering shareholders the opportunity to purchase up to A$15,000 worth of shares at an issue price of A$0.08 per share.

Money raised through the placement will be used for further drilling and project advancement work at Thesus, for Resource and brownfields development at Wiluna, and ongoing working capital requirements.

The share placement will boost Toro’s cash reserves of $10.5 million at the end of the Decmeber quarter.

Toro is continuing to advance its Wiluna Uranium Project through WA and Federal Government approvals, and anticipates Government decisions by approximately mid-2012.

Importantly for Toro, uranium development has support from the Western Australian Government, and Opposition Leader Mark McGowan has said if elected, previously approved uranium mines will be allowed to continue development.

[allida]

Toro Energy achieves greater than 96% uranium recovery rates from Theseus
Wednesday, February 29, 2012 by Christine Feary
Toro Energy achieves greater than 96% uranium recovery rates from Theseus

Toro Energy (ASX: TOE) has achieved high rates of extraction in the first uranium extraction tests for the Theseus Project as the company works towards an initial resource statement.

Theseus is Toro Energy’s principal exploration asset, with an exploration target range of between 22 million pounds and 44 million pound uranium, with significant upside.

Results from the initial extraction tests showed extractions of 95.5% and 96.4% with very low acid consumption.

The extraction process was quick, with the majority of leaching occurring within the first 12 hours.

Managing director Greg Hall said the result boded well for Theseus, where Toro is targeting a JORC Resource in the September quarter.

“These initial uranium extraction tests are extremely encouraging and demonstrate good metallurgical characteristics for the Theseus Project at this early stage of the project,” Hall said.

“The Theseus Project continues to achieve milestones on a path towards an initial resource statement in the third quarter of 2012.”

Given the high quality and speed of uranium extraction, it is likely that the mineralisation at Theseus consists primarily of uraninite and coffinite, which is easily extractable.

Importantly, this is comparable to the preliminary recoveries from other Australian in-situ recovery type deposits.

Toro intends to carry out further studies to examine the nature of the uranium mineral speciation.

Well funded

At the end of the December quarter 2011, Toro had $10.5 million in cash reserves.

The company also has a share purchase plan underway with the aim of raising a further $10.5 million.

Toro is offering shareholders the opportunity to purchase up to A$15,000 worth of shares at an issue price of A$0.08 per share, a hefty discount to the company’s last closing price prior to announcing the deal of A$0.10.

In addition, the company is waiting on a $3.75 million payment from OZ Minerals (ASX: OZL).

The payment is consideration for the termination of an agreement between the two companies as previously applied to the Mt Woods uranium project.

Earlier this month, Toro shareholders voted to accept the terms of a termination agreement for the company’s involvement in the Mount Woods uranium project in South Australia.

[allida]

Toro Energy cements Browns Range JV with Northern Minerals
Monday, April 23, 2012 by Angela Kean
Toro Energy cements Browns Range JV with Northern Minerals


Toro Energy (ASX: TOE) plans to farm-out up to 80% of all the mineral rights, except uranium, within its Browns Range tenements in the Northern Territory under a joint venture agreement with Northern Minerals (ASX: NTU).

The two companies have completed due diligence and as a result have now formalised the joint venture partnership.

The agreement allows for Northern to explore for non-uranium minerals on seven of Toro’s wholly owned tenements in the Tanami region of the Northern Territory.

Northern intends to focus on heavy rare earth elements as part of its Browns Range project while Toro retains 100% of all uranium rights throughout the joint venture.


JV Terms

- The agreement allows Northern to earn up to an 80% interest in non-uranium minerals in the tenements over a five year period in various stages;
- In the first stage, Northern has agreed to spend $4 million on exploration over the first three years to earn a 51% interest;
- In the second stage, Northern has the option to increase its interest to 70% by spending an additional $2 million over the following two years; and
- Finally, Northern has the option to complete a Bankable or Definitive Feasibility Study and lift its equity position in non-uranium minerals to 80% if Toro chooses not to contribute.


Browns Range

Toro’s tenements lie around the southern margin of the Browns Range Dome and, in particular, have substantial potential for unconformity style uranium.

Highlighting the prospectivity of the area, the single previous explorer, Japanese company PNC, identified a 20 kilometre long belt of geology that is directly analogous with that of the Alligator River Uranium Field, which hosts the Ranger and Jabiluka uranium deposits.

PNC created a sizable dataset that will enable Toro to fast-track its own uranium exploration in the area, which will also assist in the exploration for other commodities by the joint venture partners.

[allida]

Toro Energy to commence much anticipated drill campaign
Tuesday, May 01, 2012 by Angela Kean
Toro Energy to commence much anticipated drill campaign

Toro Energy (ASX: TOE) has begun the eagerly awaited 2012 drilling program at its Theseus Uranium Project targeting a conversion of a sizeable amount of its exploration target to an Inferred Resource.

Indicating the size potential of the project, Toro has defined an exploration target of 20 to 40 million tonnes at 400 to 500 parts per million for 22 to 44 million pounds of uranium.

A mud rotary rig will begin the initial program of about 20,000 metres.

The main zone of mineralisation covers an area about 6 kilometres long by up to 1.5 kilometres wide.

This zone is open to the northwest and southeast and a second zone, about 2 kilometres long by 0.5 kilometres wide, is open to the east.

Greg Hall, managing director said: “It is very good news for Toro to be able to start this drilling program early in the season.

“Toro believes there is an excellent chance to convert the exploration target range estimate to an Inferred Resource over the next few months.

“We are looking forward to further positive news from Theseus, especially after the highly successful extraction tests improve the probability of an ISR project.”

Toro has achieved high rates of extraction of greater than 96% in the first uranium extraction tests for the Theseus Project.

The extraction process was quick, with the majority of leaching occurring within the first 12 hours.

The results demonstrate good metallurgical characteristics for the Theseus Project at this early stage of the project.


Theseus potential

Theseus was discovered by Toro during a grassroots regional aircore drilling program in 2009.

Initial results highlighted the potential for sandstone hosted uranium mineralisation at the project.

A total of 130 vertical mud rotary and aircore holes have been drilled and downhole gamma logged, with almost 50% of the holes reporting a gamma, assay or PFN result greater than 0.5 metres at 100 parts per million uranium.

Given the high quality and speed of uranium extraction, it is likely that the mineralisation at Theseus consists primarily of uraninite and coffinite, which is easily extractable.

Importantly, this is comparable to the preliminary recoveries from other Australian in-situ recovery type deposits.


Post-Fukushima turnaround

Toro is one of a handful of miners, including BHP Billiton (ASX: BHP), that wasted no time in exploiting Western Australia’s uranium potential following the lifting of the State Government’s ban on uranium mining in 2008.

The company is buoyed by a potential turnaround in the post-Fukushima uranium market with European and US utilities eyeing long-term uranium supply contracts as well as continued Japanese demand.

Toro is well placed to become the first post-ban uranium miner in Western Australia if its Wiluna project progresses quickly through the final phase of government approvals.

[allida]

Toro Energy in pre open pending approval for first WA uranium mine
Monday, May 21, 2012 by Christine Feary
Toro Energy in pre open pending approval for first WA uranium mine

Toro Energy (ASX: TOE) has been granted a trading halt by the ASX ahead of a recommendation from the Western Australian Environmental Protection Authority (WEPA) regarding the company’s proposal to construct the first uranium mine in the state.

WEPA will announce its recommendation to the Western Australian Minister for Environment at 10am Western Standard Time today.

Toro is seeking government approvals for a project based on the Centipede and Lake Way deposits, within the Wiluna Uranium Project.

The company is on track to achieve first production from the Wiluna Uranium Project by the end of 2013, with first uranium cells by 2014.

Centipede is Toro’s first target for mining at Wiluna, hosting a JORC Resource of 12.9 million tonnes at 504 parts per million (ppm) uranium at a cut-off grade of 200ppm for 14.4 million pounds of contained uranium.

Importantly, this resource could be enough to allow Toro to mine Centipede as a stand-alone operation, deferring capital expenditure on the development of Lake Way.

Toro shares will remain in pre open until the earlier of the release of an announcement to the market or the commencement of normal trading on Wednesday May 23.

[hbg55]

moin TOE- lers,

mit nachfolg. PAUKENSCHLAG gings heute bei TOP- vol. von knapp 24mio.
UPPP.......bzw. mit nem SK von aud 0,085 ausm handel.........


The company has gained the backing of the West Australian Environmental Protection Authority
to build what would be Western Australia's first uranium mine.

Posted: Monday , 21 May 2012

RELATED STORIES
Toro chief says future nuclear demand will not be swayed by Fukushima event
Toro expands its Australian uranium holdings

MELBOURNE (Reuters) -

Toro Energy won a recommendation from a state agency on Monday to build what would be Western Australia's first uranium mine.

The West Australian Environmental Protection Authority said the environmental impact of Toro's proposal had been meticulously examined.

Toro, 39 percent owned by OZ Minerals, has been looking to make a final decision on its Wiluna project by the end of 2012, and aiming to make its first uranium sales in 2014, assuming it can line up funding for the project.

The environmental agency said its report was now open for a two-week public appeal period, closing June 5.

(Reporting by Sonali Paul; Editing by John Mair)

© Thomson Reuters 2012 All rights reserved

[allida]

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Toro Energy: Positive disequilibrium results for Theseus Uranium Project
Wednesday, June 13, 2012 by Angela Kean
Toro Energy: Positive disequilibrium results for Theseus Uranium Project

Toro Energy (ASX: TOE) has delivered further potential upside to the scale of its Theseus Uranium Project in Western Australia with the release of positive disequilibrium results following detailed studies of drill sample data.

The key conclusions of the disequilibrium study are:

- A consistently positive disequilibrium ratio of 1.34 (all samples) and 1.54 (for samples reporting above 300 parts per million uranium); and
- A disequilibrium factor of 1.34 can therefore be applied to all gamma-radiation data taken from Theseus.

Importantly, if this disequilibrium factor is applied to all gamma-radiation data, the size and grade of the exploration target will increase.

Theseus currently has an exploration target of 20 to 40 million tonnes at 400 to 500 parts per million, for 10,000 to 20,000 tonnes U3O8 or 22 to 44 million pounds U3O8.

Greg Hall, managing director, commented on the positive outcome:

“This study potentially provides significant upside to the magnitude of the Theseus uranium discovery.

“Toro will continue to work hard to provide independent validation of this ratio so we can utilise it for ongoing drill reporting and resource modelling.

“It is hoped that Theseus will develop into a large economically robust ISR uranium deposit and one of the more significant new uranium discoveries in Australia in recent times.”

Toro is now currently working with external consultants to define a maiden Inferred JORC Resource at Theseus.


New uranium mineralised areas at Theseus

Late last month Toro announced it had expanded the mineralised area at the wholly owned Theseus Project from recent drilling.

The emerging uranium producer has discovered large new mineralised areas to the south and east of the project, which includes a mineralised area that is up to 600-700 metres wide and two kilometres long.

Highlighting the potential for additional discoveries, the mineralisation remains open to the south and has been defined at the southern part of the Theseus prospect.

[allida]

Toro Energy: Rio Tinto sniffs around Namibian uranium, base metal and rare metal interests
Friday, June 15, 2012 by Christine Feary
Toro Energy: Rio Tinto sniffs around Namibian uranium, base metal and rare metal interests

Toro Energy’s (ASX: TOE) interests in Namibia have caught the eye of mining giant Rio Tinto (ASX: RIO), with discussions regarding the three exploration licences underway.

The licences, owned by joint venture company Nova Energy, are prospective for uranium, base metals and rare metals.

If the agreement between Nova Energy and Rio Tinto proceeds, Rio will have the right to earn into a share of the licences by fulfilling certain work and expenditure obligations.

Toro holds a 25% interest in Nova, Deep Yellow (ASX: DYL) owns 65% and Namibian Empowerment Company Sixzone Investments holds the remaining 10%.

[allida]

Toro Energy delivers greater than 1% pU3O8 intersection from Theseus
2:30 am

Toro Energy (ASX: TOE) has produced a very high grade intersection of 0.82 metres at 1.14% pU3O8 from 124.3 metres (using a 200 parts per million pU3O8 cut-off) from drilling in the southern zone at its Theseus Uranium Project as it draws closer to a maiden Resource.

Further upside is that the intersection is similar in tenor to higher grade intersections at producing in situ recovery mines in Australia or Kazakhstan.

It also demonstrates the high potential for the Theseus area to contain high grade Uranium mineralisation within a very large above 200 parts per million U3O8 mineralised halo.

Greg Hall, managing director, commented on the positive discovery:

“The Theseus deposit continues to produce surprises including the very high grade intersection in LM175 located at the south eastern most point of known mineralisation to date.

“Toro are looking forward to the maiden resource estimation currently scheduled for August.”

The company has also defined a probable roll-front position at least 100 metres wide that can be traced along strike for at least 500 metres.

The zone is open to the north-northeast and probably to the south-southwest.

While all results from this new zone are still pending, one drillhole has delivered an intersection of 2.01 metres at 1,158 parts per million pU3O8 from 104.42 metres (using a 200 parts per million pU3O8 cut-off).

A new mineralised area that is at least 200 metres wide, that can be traced for at least 1 kilometres lying to the north-west of the Theseus prospect has also been identified.

Although this zone is not yet fully defined, one drillhole reports a very wide intersection of 10.64 metres at 220 parts per million eU3O8 from 109.01 metres (using a 100ppm pU3O8 cut-off).

To date the southern zone shows the best continuity of grade extending over 2 kilometres roughly north to south and up to 1 kilometre wide east to west.


Next exploration steps

A small program of five core holes is now underway to obtain lithological, density, grade and porosity information to assist in preparing a resource estimation.


Increasing scale

Toro continues to prove up the potential for Theseus to become a large scale, economically robust in situ recovery Uranium deposit.

Earlier this month the company delivered further potential upside to the scale of the project with the release of positive disequilibrium results following detailed studies of drill sample data.

The key conclusions of the disequilibrium study were:

- A consistently positive disequilibrium ratio of 1.34 (all samples) and 1.54 (for samples reporting above 300 parts per million Uranium); and
- A disequilibrium factor of 1.34 can therefore be applied to all gamma-radiation data taken from Theseus.

Importantly, if this disequilibrium factor is applied to all gamma-radiation data, the size and grade of the exploration target will increase.

Theseus currently has an exploration target of 20 to 40 million tonnes at 400 to 500 parts per million, for 10,000 to 20,000 tonnes U3O8 or 22 to 44 million pounds U3O8.

[TJ111]

Toro Energy receives milestone approval for Wiluna uranium project
Wednesday, October 10, 2012 by Angela Kean

Toro Energy (ASX: TOE) has been granted environmental approval for its Wiluna Uranium Project by Western Australian Minister for Environment Bill Marmion.

The Wiluna Uranium Project comprises two uranium resource deposits near Wiluna in Western Australia, which currently has no operating uranium mines.

The project would process 1.3 million tonnes per annum of ore to produce about 820 tonnes of uranium oxide concentrate, with first sales targeted for the 2014-15 financial year.

Greg Hall, managing director, commented on the milestone: “Toro welcomes Minister Marmion’s decision to approve the first uranium mine since the change in uranium policy by the Western Australian Government in 2008.

“This represents a true achievement by many people who have worked diligently to deliver a project that will provide benefits to the local community, as well as to Western Australia, in an environmentally sustainable manner.”

The approval follows more than three years of extensive community consultation, thorough environmental and technical studies, and rigorous assessment by government agencies.

The environmental impacts of the Wiluna Uranium Project have been rigorously assessed by both Western Australian and the Commonwealth Government agencies and the public has had four opportunities for input to this process since it began in 2009.

Toro now awaits the completion of the Federal Government’s assessment of the project.
Simon Mitchell, general manager – business development, told Proactive Investors today this is a fantastic milestone for Toro to reach.

“There’s a very short, short list of names that have managed to achieve this, both within Australia and internationally, and so we’re very happy that we’ve been able to complete the environmental approvals.

“Now we just await the Federal Government decision.”


Wiluna metrics

Wiluna comprises the Centipede and Lake Way deposits and hosts a resource of 55.17 million tonnes at 441 parts per million for 53.56 million pounds of uranium.

The capital cost for the project is estimated at A$280 million and C1 cash costs are forecast at US$33 per pound.

Toro would fund the capital cost of the project via $200 million in equity and $100 million in debt funding.

The company is expecting to make a final investment decision in the first half of 2013, following the receipt of all Government approvals.


Uranium demand

Uranium demand is expected to increase as global nuclear power capacity grows at a reported rate of 30% to 100% by 2030.

Electricity generation in Asia is expected to triple in the next 20 years.

Since the tsunami induced nuclear accident in Japan, most key countries have re-affirmed their commitment to nuclear power after undertaking “stress tests” for their particular location.

Currently there are 432 operable nuclear power stations, 63 under construction, 150 firmly planned and over 300 conceptual.

Analysis

Toro has achieved a significant milestone today with the approval of the Wiluna Uranium Project by the Western Australian Minister for Environment.

The company has advanced the approvals process at the flagship 54 million pound project, where a finance investment decision is scheduled for 2013, construction in 2013-14 ahead of first uranium sales in 2014-15.

The current valuation does not take into account that Toro may be the first post-ban uranium miner in Western Australia to market with the next uranium mine in Australia to begin production.

The Wiluna Uranium Project is now one of the few new uranium projects, either in Australia or internationally, that remains on track for production in the medium term and is now a strategically placed near term production asset.


Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

[TJ111]

F I E L D
PUBLIC RELATIONS

Media Release
Wednesday, 10 October 2012

WA Minister for Environment approves Toro Energy’s Wiluna Uranium Project

Toro Energy (ASX: TOE) welcomes the Western Australian Minister for Environment’s decision to approve the Company’s 100%-owned Wiluna Uranium Project.

This is a very significant milestone in the government assessment process for the Project, and follows more than three years of extensive community consultation, the most thorough environmental and technical studies, and rigorous assessment by government agencies.

Toro’s Wiluna Uranium Project comprises two uranium resource deposits near Wiluna in WA, and is the most advanced uranium project in that State. The Project has a production target processing 1.3 million tonnes per annum for approximately 820 tonnes of uranium oxide concentrate, based on the first 10 years of mine life.

The environmental impacts of the Wiluna Uranium Project have been rigorously assessed by both Western Australian and the Commonwealth Government agencies and the public has been provided with four opportunities for input to this process since it began in 2009.

“Toro welcomes Minister Marmion’s decision to approve the first uranium mine since the change in uranium policy by the Western Australian Government in 2008. This represents a true achievement by many people who have worked diligently to deliver a project that will provide benefits to the local community, as well as to Western Australia, in an environmentally sustainable manner,” Toro’s Managing Director, Greg Hall, said today.

In May 2012, the Environmental Protection Authority (EPA) recommended approval of the Wiluna Project to the WA Minister for Environment, stating that the Wiluna Project met environmental approval requirements and should be allowed to proceed, subject to stated conditions within its report. Following a statutory appeal period, nine appeals were lodged against the EPA’s report and recommendations. As a result of his consideration of those appeals, the WA Minister for Environment has added to the conditions of approval for the Project.

“Toro Energy has welcomed the rigorous assessment process which has been undertaken on its detailed technical and environmental studies, and will work within the conditions set for the Project by the Minister,” Mr Hall said.

“Toro now awaits the completion of the Federal Government’s assessment of the Project, which has been occurring in parallel with the State process under a bi-lateral agreement.

“Subject to the Federal Government decision, Toro will advance its proposed financing of the Project, with potential JV partners having been engaged for some time in detailed technical review work.

“Toro will also continue to consult the relevant WA Government agencies, local and regional communities and Traditional Owners on the final stages of the Wiluna pre-development work program.

“Most market analysts are predicting a stronger medium to long term uranium market, with predictions of uranium shortfalls from 2015 onwards. The re-start of additional Japanese reactors predicted from mid next year, the cessation of the HEU agreement between the USA and Russia next year reducing secondary uranium supply, and other new nuclear market entrants such as UAE and India, are all adding to the continued market growth for uranium being reported.

“While the Federal Government’s proposed opening of the Indian market adds another potential future customer base, it also adds an additional country which could invest in uranium projects in Australia through JV opportunity or financing.

“Toro’s Wiluna Project would be one of the few uranium projects approved on a global basis capable of producing into this medium-term horizon. Confidence in the market is demonstrated by the major uranium producing companies and nuclear utilities (eg Cameco, Rio Tinto, ARMZ, and Guangdong Nuclear) which have been buying existing uranium resource projects and vying for future positioning of production.

“The investment market is now seeing this as an opportunity for future value, and Toro’s solid and consistent work in the area of technical development, government assessment and approval and project advancement is starting to be recognised.”

MEDIA CONTACTS:
Greg Hall Toro Energy 08 8132 5600 Kevin Skinner Field Public Relations 08 8234 9555 / 0414 822 631 Sean Whittington Field Public Relations 08 8234 9555 / 0412 591 520

Competent Person Statement
The production target relates to Mineral Resources that are based on information compiled by Dr Katrin Karner of Toro Energy Limited, Mr Robin Simpson and Mr Daniel Guibal of SRK Consulting (Australasia) Pty Ltd. Daniel Guibal takes overall responsibility for the Resource Estimate, and Dr Karner takes responsibility for the integrity of the drilling and bulk density results. Dr Karner, Mr Simpson and Mr Guibal are Members of the Australasian Institute of Mining and Metallurgy (AusIMM), and have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity they are undertaking to qualify as Competent Persons as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code 2004)’. The Competent Persons consent to the inclusion in this release of the matters based on the information in the form and context in which it appears.

[hbg55]

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