Toro hopes for improved economics at Wiluna
PERTH (miningweekly.com) – Uranium developer Toro Energy has again added to the resource estimate of its Wiluna project, in Western Australia, announcing on Monday that resource estimates for the Lake Maitland deposit had increased to 16.9-million pounds of contained uranium oxide (U3O8).
The mineral resource at the Lake Maitland deposit was expected to average at grades of 929 parts per million.
The Lake Maitland resource increase was in addition to the October increase announced for the Centipede and Millipede deposits, and represented an overall increase of 10% in the contained metal at the Wiluna project.
“The latest increase in resources proves conclusively that the Wiluna project is able to deliver a high head grade to the mill that will undoubtedly improve project economics,” said Toro MD Vanessa Guthrie.
“We now have the opportunity to assess the potential for a high-grade mine plan and feed this into the optimisation studies over the next few months to deliver improved project economics.
Toro in December said it was hoping to finalise its expansion plans for the Wiluna project during 2016.
Toro’s initial plans for Wiluna had included only the Centipede and Lake Way deposits, and the company was granted federal and state approval for the development of this project in 2013.
However, the expanded project would include the Milipede and Lake Maitland deposits. The project would still be based around a central processing plant.
Based on mining at the four deposits, the Wiluna project was expected to have a mine life of 16 years, with average production of two-million pounds a year of U3O8, for the first ten years of operation.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation