The Board of Directors of Toro Energy Ltd (ASX:TOE) (“Toro” or “the Company”) advises that after five years with the Company including nearly four as Managing Director and CEO, Dr Vanessa Guthrie will be departing the Company effective 5 December 2016.
Under Dr Guthrie’s leadership, Toro has become a uranium company with additional strategic investors and a significantly enhanced asset base.
Under her guidance the Company has advanced its flagship Wiluna Uranium Project. The Centipede and Lake Way deposits were the first Western Australian uranium deposits to secure state and federal government environmental approvals and agreement with the Traditional Owners, the Wiluna People. The environmental assessment process for two further deposits, Millipede and Lake Maitland, is well advanced. The Company has also successfully completed substantial technical improvements to the Wiluna Project, including an increase in resources and the recent efficiency breakthrough in the processing flow sheet with the potential to improve the project cost structure.
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