Highlights
- State government environmental approval received for the extension to the Wiluna Uranium Project in January 2017.
- Beneficiation and process design studies completed showing significant potential for a substantial reduction in capital and operating costs for Wiluna.
- Exploration drilling at Yandal One nickel prospect commenced – results pending.
- Organisational restructure affected, Mr. Richard Homsany appointed Executive Chairman and Mr. Andrew Worland Company Secretary. Dr Vanessa Guthrie and Mr. John Cahill depart Toro’s board of directors.
- For the quarter ending December 2016 spot and long-term uranium prices closed at US$20.25/lb and US$30.00/lb respectively.
- Cash balance at end of the quarter was $7.9M.
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