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Toro Energy, Quarterly Activities Report for Period Ending 31 March 2017

Highlights

- State government environmental approval received for the Wiluna Uranium Project, subject to implementation conditions.

- Expanded beneficiation and process design studies commenced following successful beneficiation, metallurgical process design studies completed in 2016.

- Exploration drilling at Yandal One nickel prospect commenced – results pending.

- Cash balance at end of the quarter was $7.2M.


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