Adelaide, Oct 10, 2012 (ABN Newswire) - Toro Energy Limited (ASX:TOE) welcomes the Western Australian Minister for Environment's decision to approve the Wiluna Uranium Project. This is a very significant milestone in the government assessment process for the Project, and follows more than three years of extensive community consultation, the most thorough environmental and technical studies, and rigorous assessment by government agencies.
The Wiluna Uranium Project comprises two uranium resource deposits near Wiluna in WA, and is the most advanced uranium project in that State. The Project would process 1.3 million tonnes per annum of ore to produce approximately 820 tonnes of uranium oxide concentrate.
The environmental impacts of the Wiluna Uranium Project have been rigorously assessed by both Western Australian and the Commonwealth Government agencies and the public has had four opportunities for input to this process since it began in 2009.
"Toro welcomes Minister Marmion's decision to approve the first uranium mine since the change in uranium policy by the Western Australian Government in 2008. This represents a true achievement by many people who have worked diligently to deliver a project that will provide benefits to the local community, as well as to Western Australia, in an environmentally sustainable manner." Managing Director, Greg Hall, said today.
Toro now awaits the completion of the Federal Government's assessment of the Project.
Toro Energy is a modern Australian uranium company with progressive project development, acquisition and growth. The company is based in Adelaide, South Australia with a project office in Perth, Western Australia.
Toro’s flagship and wholly-owned Wiluna uranium project (includes existing mining lease) is 30 kilometres southeast of Wiluna in Central Western Australia.
Wiluna contains two shallow calcrete deposits, Lake Way and Centipede, with prefeasibility and optimisation studies completed and a definitive feasibility study underway. Toro has advanced the Approvals process with an anticipated date of mid-2012, construction through 2013 and first uranium sales in 2014.
Toro has a new uranium project at Theseus in Western Australia, and owns uranium assets in Northern Territory, South Australia and in Namibia, Africa.
Toro Energy Limited T: +61-8-8132-5600 F: +61-8-8362-6655 WWW: www.toroenergy.com.au