Toro Energy Limited
(ASX:TOE) has received highly encouraging results from the geological modelling and mine planning studies currently underway at its 100% owned Wiluna Uranium Project.
Early results have shown that Wiluna, Australia’s most advanced uranium development project, can deliver an improved mining grade at significantly lower unit mining costs, leading to an improved set of project economics that could potentially accelerate mine development.
Toro’s Managing Director, Dr Vanessa Guthrie, said that optimisation work currently underway would ultimately lower the overall cost base at Wiluna, making the project more competitive on the global cost curve.
“We know that Wiluna is one of the best and most advanced uranium developments in Australia, and this current phase of optimisation has shown us that there are significant opportunities to reduce the Wiluna cost base, bringing development closer as the current market recovery emerges,” Dr Guthrie said.
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