Toro Energy looks to expand uranium mine

Toro Energy is looking to expand its yet-to-be-constructed Wiluna uranium mine by adding two more deposits to the mine plan.

Releasing an Environmental Scoping Document today, Toro said it wished to provide information about the company’s plans to include the Millipede and Lake Maitland into an expanded Wiluna Project.

Toro bought the uranium plays last year from Canada's Mega Uranium.

The deal will see Mega emerge as a 28% shareholder of Toro.

Toro already has all the approvals in place to go ahead with its Wiluna mine, andsaid integration would mean a longer mine life.

“Toro’s overarching strategy for the extended Wiluna Project remains to use one central processing plant adjacent to the Centipede deposit to reduce the regional footprint and environmental impacts by avoiding a duplication of operations and infrastructure across multiple deposits,” Toro’s CEO Vanessa Guthrie said.

Guthrie said the resource increase gave Toro the option to expand the processing scale of Wiluna above1.3 Mtpa.

The ESD will be on public display until October 20.

Wiluna will be Western Australia’s first ever uranium mine when production commences in 2017.