Toro Energy Limited (ASX:TOE) advises the commencement of drilling under the Heads of Agreement (HoA) with OZ Minerals Ltd (ASX:OZL, ‘OZ’) at the Yandal One Nickel Prospect in the Northern Goldfields, Western Australia.
The first phase exploration program is being undertaken to explore for nickel on two tenements located near Toro’s 100% owned Lake Maitland uranium deposit in Western Australia.
OZ’s primary target is nickel sulphides on the Yandal One Nickel Prospect situated within the Yandal Greenstone Belt in Toro’s exploration licence, E53/1210. One of Australia’s largest nickel sulphide deposits, BHP Billiton’s Mount Keith, is located less than 60 kilometres to the west of the Yandal One Nickel Prospect.
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