Toro Energy Ltd (ASX:TOE) Advances Lake Maitland Mining Operations
Operational Progress
Toro Energy Ltd has completed the re-optimisation of the Lake Maitland mining pit using the latest resource estimates and updated financial data. The company has now commenced mine scheduling, the next phase in preparation for the scoping study update of the stand-alone Lake Maitland mining and processing operation.
Scoping Study Update
The 2025 scoping study update incorporates new uranium and vanadium resource estimates, updated financial assumptions, and increased cost inputs based on the Consumer Price Index. SRK Engineers have been engaged to undertake the full scoping study, which is expected to be finalised this quarter.
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