Toro Energy (AU:TOE) has released an update.
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Toro Energy Ltd is progressing towards the launch of a pilot plant for its Wiluna Uranium Project, aiming for operation in the second half of 2024, which will test processing techniques on ore from three deposits. The updated Lake Maitland Scoping Study reveals promising financial outcomes, including a 36% increase in pre-tax NPV to A$832.8M. The company is optimistic about the project’s potential, particularly with the possibility of integrating additional resources from nearby deposits to enhance feasibility and value.
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