Toro’s vision is to be the leading Australian mid-tier global uranium company by maximising shareholder returns through responsible exploration, mining and asset growth.
In November 2013 Toro acquired the Lake Maitland Uranium Project from TSX listed Mega Uranium. The deposit is located 90 kilometers south east of the Wiluna Project and increases the total Wiluna regional resource base to 76.5 million pounds of contained uranium.
In December 2014, Toro welcomed private equity fund The Sentient Group as a major shareholder.
With approved deposits, Wiluna could be the first uranium mine in Western Australia.
Key platforms of Toro’s future direction are developing the Wiluna mine, growing the resource base through acquisition of high quality assets and by further improving the total resources at the promising Theseus prospect in central Australia; and, exploring extensive strategic prospective tenements in Western Australia and the Northern Territory.
Toro also holds exploration interests in Namibia, Africa and a financial interest in Canadian uranium company Strateco Resources.
Toro believes it can help to meet the growing world demand for uranium to generate lower carbon emission electricity, while creating jobs and business opportunities locally and regionally, and generating government revenues and export earnings for the benefit of all Australians.