As uranium soars over $US100 per pound, Toro Energy is capitalising on favourable market conditions by expanding its operations.
Toro has plans to supplement its Lake Maitland uranium project in Western Australia with material mined from its Centipede-Millipede and Lake Way deposits.
The extension study is evaluating incorporating material from the two projects into a proposed uranium-vanadium processing operation at Lake Maitland.
The Lake Maitland project alone is expected to process seven years of high-grade uranium. The study will look to extend this processing potential beyond seven years.
“Global uranium markets continue to strengthen and fundamentals remain strong,” Toro executive chairman Richard Homsany said.
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