Toro boss says analysts overestimate uranium industry

Toro Energy managing director Greg Hall, who is leading the development of WA's first export uranium mine, says analysts have overestimated future uranium production.

Providing an update on the company's Wiluna project, Hall said while underlying demand was strong a number of regulatory hurdles meant production might take longer than some expected.

"On the supply side, new projects must pass technical, regulatory and finance hurdles, often uniquely specific to the uranium sector, before construction and ultimately production can come online," he said.

"In this regard Toro believes the market and a number of uranium analysts are being overly optimistic on supply timelines for new uranium projects and that as a result future production is overestimated."

In an address to the Australian Uranium conference today Hall said receiving final approvals for the Wiluna project was the company's priority, and it expected Government decisions by the fourth quarter of this year.

Last month analysts from Foster Stockbroking said the uranium sector was on the cusp of a new resurgence following rising demand from China and Japan.

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