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Toro Energy Announces Successful Beneficiation Studies Highlight Potential for Substantial Cost Reduction for Wiluna Uranium Project

Toro Energy Limited (ASX:TOE) announces Beneficiation and Process Design studies (‘Studies’) for the Company’s 100% owned Wiluna Uranium Project in Western Australia have highlighted the opportunity to substantially reduce the size and cost of the processing facility.

The key outcome of the Studies is a re-design of the process flow sheet that reduces the capital cost of the proposed hydrometallurgical plant by more than 40% to approximately $78M and processing operating cost to approximately $16/t run-of-mine (‘RoM’) feed.

Major advances include:

- A beneficiation circuit which delivers 75% mass reduction with 84% uranium recovery;

- A filtration and washing step which removes saline water and produces a drier leach feed thereby reducing reagent consumption;

- Unique wash water recirculation to increase reagent utilisation and reduce reagent losses;
and
- The introduction of ion exchange which removes the need for evaporation ponds.


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