Toro adds resource confidence at Wiluna
PERTH (miningweekly.com) – Uranium developer Toro Energy has increased the measured and indicated resource at its Wiluna project, in Western Australia, by 75% to 25.2-million tonnes, at 511 parts per million (ppm), for 30.6-million pounds of uranium oxide (U3O8).
This was 13.3-million pounds higher than the previous measured and indicated resource estimate in 2012.
The miner had also approved 100% of the Centipede and Lake Way resource for development.
Including the Millipede resource, the three deposits now contain a Joint Ore Reserves Committee-compliant resource of 27.1-million tonnes, at 539 ppm, for 32.3-million pounds of U3O8.
MD Vanessa Guthrie said on Tuesday that the most recent drilling programme was the first significant programme undertaken at these deposits since Toro’s acquisition of Wiluna in 2007.
“While the total resource of U3O8 has not materially changed, both the confirmation of measured plus indicated resource, as well as the continuous high-grade zones of mineralisation, encourage Toro that selective ore sequencing techniques may allow a processing head grade to be achieved in the first ten years, significantly above the life-of-mine grade.”
Guthrie noted that the improvements in Toro’s knowledge of the deposits also underpinned the mine planning, process flow sheet design and economic modelling, and formed the basis for the completion of the definitive feasibility study that incorporated all six deposits of the regional resources.
The Wiluna resources were also expected to increase further with Toro’s recent purchase of the Lake Maitland uranium project, which could increase the resource base to some 76-million pounds of U3O8.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...
VISIT SHOWROOM
SBS® Tanks is a leading provider of innovative water security solutions with offices in Southern Africa, East and West Africa, the USA and an...
VISIT SHOWROOM
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
