Toro Energy this morning announced it had submitted the environmental framework application for its Wiluna Uranium Project to the Western Australian and Federal Governments.
The framework will allow both governments to determine the form of environmental assessment that will apply to the development of the tenement, located 750 km northeast of Perth.
The company has targeted a production start-up in early-2013.
According to Toro managing director Greg Hall, the company is well advanced in it’s planning, having recently completed resource upgrade and optimisation study for the project.
“We have also commenced work on a bankable feasibility study (BFS) to confirm the detailed design of the project and preferred treatment process,” he said.
“Key project personnel are in place and further recruitment is underway.
“While firmer capital cost estimates are subject to the BFS, the optimisation study demonstrated significant reductions in capital and operating cost estimates and enhancements in grade and production capacity.”
Toro aims to establish an alkaline heap leach operation based on open pit mining that will generate an average 730 tonnes of uranium oxide from approximately 1.6 million tonnes of ore per annum.