Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Trump lashes out at Crockett, renews call for...
Trump goes after Zelenskyy over ‘land swapping’ dispute,...
Democratic whistleblower told FBI that Adam Schiff approved...
MORNING GLORY: Trump meets Putin amid an era...
‘Things need to change’: Senate Democrats sharpen criticism...
Mamdani zings Cuomo in rent-stabilized housing spat during...
Unearthed emails reveal White House nixed Biden visiting...
Strong drilling targets identified next to high-grade gold-copper...
Seymour Lithium Project Achieves Permitting Milestone
Acquisition of Silver Extraction Technology
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Investing

Integration of Vanadium into Lake Maitland Uranium Resource Underway to Re-optimise Pit

by admin October 21, 2024
October 21, 2024
Integration of Vanadium into Lake Maitland Uranium Resource Underway to Re-optimise Pit

Toro Energy Limited (ASX: TOE) (‘the Company’ or ‘Toro’) is pleased to announce that it has initiated the work of integrating the new Lake Maitland vanadium resource estimation into the recently updated Lake Maitland uranium resource block model. This work is being undertaken in preparation for an updated scoping study, which is estimated to be completed before the end of the year.

Vanadium resource integration is the start of preparations for a new scoping study update for a stand-alone uranium-vanadium mining and processing operation at Toro’s Lake Maitland Deposit.New scoping study update will include a re-optimisation of the proposed Lake Maitland mining pit using the new Lake Maitland resource estimation results to assess an increase in mining volume and therefore potential production.The new stand-alone Lake Maitland operation scoping study update is expected to be finalised before the end of the year.Future planned project optimisation work and the pilot plant programme will evaluate further economic improvements driven by Lake Maitland’s close proximity to Toro’s 100% owned Centipede-Millipede & Lake Way uranium deposits by potentially integrating additional resources from these two deposits.Strong improved financial outcomes from the recently updated Lake Maitland Scoping Study include:Pre-tax NPV8 of A$832.8M (+37% increase of A$223.20M)Excellent 48% IRR (+7% increase)Total EBITDA of $2,303.3M (+30% increase of A$534.4M)Total undiscounted cash flow of A$1,903.3M pre-tax – average >$2M per week (+36% increase of A$507.3M)Short payback period of 2.1 yearsLow C1 operating cost of US$17.28/lb U3O8 in years 1 to 7 when high grade uranium resource is being processedStrong life of mine C1 operating cost of only US$24.78/lb U3O8Low AISC cost of US$22.58/lb U3O8 in years 1 to 7 when high grade uranium resource is being processedStrong life of mine AISC cost of only US$30.55/lb U3O8 Modest total CAPEX of US$149M plus 20% for contingency and 15% for EPCM over a 17.5 year mine life producing a total of 22.8Mlbs U3O8 and 11.9 Mlbs V2O5.

Management Commentary

Commenting on this development, Toro’s Executive Chairman, Richard Homsany, said:

“Toro continues to advance the Wiluna Uranium Project through several optimisation and technical workstreams. The inclusion of the updated vanadium resource into the existing Lake Maitland resource is a key update ahead of reporting our new scoping study for the project later this year.

Importantly, the new scoping study will include a pit re-optimisation of the recently updated uranium resource block model, with the vanadium resource integrated within it, to assess a change to mining volume and therefore potential production. A favourable outcome on this alone could significantly increase the value of the Wiluna Uranium Project. This will more accurately represent the potential mining volumes, production figures and economic/financial outcomes for the proposed stand-alone Lake Maitland mining and processing operation.

Adding further weight to the global uranium conversation, global companies including Microsoft, Google and Amazon have recently committed to source nuclear energy to power their AI and data centres whilst expressly recognising that nuclear energy has a track record of providing a reliable source of safe carbon-free energy globally.

Against this backdrop and driven by the global push towards ‘net zero’, it is becoming increasingly clear that any regulatory or policy stance against exporting uranium to countries that need nuclear energy to grow their economies and support their de-carbonisation agendas, requires immediate re-evaluation.

As we head towards a busy and important phase for the business, the Board is confident that Toro has the necessary funding to deliver on several key, near term milestones that we believe will unlock further value for shareholders.”

Click here for the full ASX Release

This post appeared first on investingnews.com

previous post
Successful Placement
next post
Trump, Harris neck and neck as Dems lose ground among Latino, Black voters: poll

You may also like

enCore Energy Increases Investment in Nuclear Fuels Inc.

November 25, 2024

Strong Preliminary Feasibility for Bécancour Lithium Refinery

September 30, 2024

Q1 2025 Management’s Discussion and Analysis

May 14, 2025

RUA GOLD Intersects Visible Gold and Antimony and...

January 20, 2025

Is Now a Good Time to Invest in...

August 20, 2024

Spodumene Pegmatite Discovery at Esperança Project in Brazil...

November 18, 2024

Forward Water Technologies Corp. Closes Private Placement of...

August 22, 2024

How Would a New BRICS Currency Affect the...

January 3, 2025

Syntheia Signs Definitive Agreement for Call Center Acquisition

July 5, 2025

Harvest Gold Announces Closing of Non-Brokered Private Placement...

August 1, 2025

Recent Posts

  • Trump lashes out at Crockett, renews call for cognitive test
  • Trump goes after Zelenskyy over ‘land swapping’ dispute, lays out ‘feel out meeting’ with Putin
  • Democratic whistleblower told FBI that Adam Schiff approved classified leaks to target Trump
  • MORNING GLORY: Trump meets Putin amid an era done away with John Quincy Adams’ ‘abroad’
  • ‘Things need to change’: Senate Democrats sharpen criticism of Israel as humanitarian concerns grow

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (867)
    • Investing (2,729)
    • Politics (3,369)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Sightful Invest. All Rights Reserved.