Toro Energy (AU:TOE) has released an update.
Toro Energy Ltd has announced promising pre-tax financial outcomes from an updated scoping study for its Lake Maitland Uranium Project, including a net present value (NPV) of A$832.8M and an internal rate of return (IRR) of 48%, with a quick payback period of 2.1 years. The study suggests a capital expense of A$291M for the project, which forecasts robust margins with low estimated operating costs over an approximate 17.5-year mine life. However, the company cautions that further exploration and evaluation work is necessary, and there is no certainty that the project’s forecast financial outcomes will be realized.
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