Toro to scope out vanadium potential at Wiluna
PERTH (miningweekly.com) – ASX-listed Toro Energy on Thursday told shareholders that it would be undertaking further studies at its Wiluna uranium project, in Western Australia, to both evaluate and improve the project value.
Toro earlier this week revealed the potential to recover vanadium as a by-product of processing uranium from the Lake Maitland project, within the greater Wiluna project, with only a marginal increase to the capital and operating costs of the proposed processing plant.
The company said that some 499 t/y of vanadium could be produced at Wiluna, along with the more than two-million pounds of uranium oxide, with operating costs only increasing by 1.8% at the plant, while capital costs at the plant would only increase by some 6.5%, or A$5.7-million, from the A$87.9-million anticipated in the scoping study.
Toro on Thursday said that the company would now initiate further study to consider the cost associated with Lake Maitland, such as mining and non-process infrastructure. This further study would assist in determining the overall capital and operating costs for Lake Maitland.
The company told shareholder that it would continue to find value and opportunities in the Wiluna project in order to maintain the project as an early mover for a returning uranium market and price.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
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