Toro Energy Limited
(ASX:TOE) has expanded its high grade resources (500 ppm cut-off) at the 100% owned Wiluna Uranium Project which is expected to deliver improved project economics for Australia’s most advanced uranium development project.
- Lake Maitland deposit increases to 16.9 Mlbs1 contained U3O8
- Centipede, Millipede, Lake Maitland and Lake Way high grade resources now total 40.4 Mlbs / contained U3O8
- Study of high grade mining strategy to deliver improved project economics now underway
High grade mineral resources at Lake Maitland have increased to 16.9 Mlbs contained U3O8 with an average grade of 929 ppm. This is in addition to the increase in Centipede/Millipede announced in October 2015, delivering an overall increase of 10% in the total contained metal.
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