10:53 AEST Sept 20, 2010 ABN Newswire (C) 2004-2010 Asia Business News PL. All Rights Reserved.
Perth, Australia (ABN Newswire) - The Environmental Protection Authority of Western Australia (EPA) has approved the Environmental Scoping Document (ESD) for Toro Energy Limited's (ASX: TOE) (PINK: TOEYF) 100%-owned Wiluna Uranium Project.
The EPA's approval of the ESD allows Toro to proceed with the preparation of an Environmental Review and Management Programme (ERMP) on which final Government decisions about the Project will be based. The ESD identifies the further environmental studies Toro will be required to undertake to complete its ERMP.
Toro is working to have the ERMP on public exhibition in the second quarter of 2011.
The public exhibition period will last 14 weeks during which individuals and organisations will be able to make submissions to Government on the Wiluna Uranium Project.
During the ERMP public exhibition period, Toro will hold public information days in Wiluna, Leonora, Menzies and Kalgoorlie.
Subject to Government and Toro Board approvals, Toro is planning to have the Wiluna Project in production in 2013.
The Project is being assessed under a bilateral agreement between the Western Australian and Federal Governments.
As part of this process, a draft ESD was put on public exhibition in June and Toro responded to the EPA on submissions made by individuals, organisations and Government agencies prior to the EPA's approval.
About Toro Energy Limited:
Toro Energy Limited (ASX:TOE) (PINK:TOEYF) is a modern Australian uranium company with progressive project development, acquisition and growth. The company is based in Adelaide, South Australia with a project office in Perth, Western Australia.
Toro’s flagship and wholly-owned Wiluna uranium project (includes existing mining lease) is 30 kilometres southeast of Wiluna in Central Western Australia.
Wiluna contains two shallow calcrete deposits, Lake Way and Centipede, with prefeasibility and optimisation studies completed and a definitive feasibility study underway. Toro has commenced the Approvals process targeting the Company’s first uranium production by late 2012/early 2013.
Toro has three other exploration and development projects in Western Australia, and owns uranium assets in Northern Territory, South Australia and in Namibia, Africa. Toro is well funded with a supportive major shareholder in
OZ Minerals.
Contact:
Greg Hall
Toro Energy Limited
Tel: +61-8-8132-5600
http://www.toroenergy.com.au
