JOHANNESBURG (miningweekly.com) – Uranium company Toro Energy has taken another step in the development of the Wiluna uranium project with the signing on Thursday of an agreement with the Wiluna People providing the consent of native title holders.
Toro MD Dr Vanessa Guthrie expressed the company’s appreciation for the constructive approach the Wiluna People had taken to the development of their relationship with Toro and the negotiation of the mining agreement.
Toro is proposing the extension of the Wiluna project through the development of the Millipede and Lake Maitlands deposits. The extended project would still be based on a central processing plant, as currently approved by the government, adjacent to the Centipede/Millipede deposits.
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 uranium oxide (U3O8), for the first ten years of operation.
Total production over the life-of-mine would reach 30.2-million pounds of U3O8.