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Toro Energy ( (AU:TOE) ) has issued an update.
Toro Energy Ltd has announced the completion of a re-optimised scoping study for its Lake Maitland Uranium-Vanadium operation, part of the Wiluna Uranium Project. The updated study reveals an impressive pre-tax net present value of A$907.9 million and a significantly expedited payback period of 1.5 years, indicating strong financial prospects. The operation is expected to have a mine life of approximately 16.3 years with low operating costs, positioning Toro Energy favorably in the uranium and vanadium markets.
More about Toro Energy
Toro Energy Ltd is an Australian company operating in the uranium mining industry. Its primary focus is on the development and operation of the Wiluna Uranium Project in Western Australia, which includes the Lake Maitland, Lake Way, and Centipede-Millipede deposits. The company is involved in the extraction and processing of uranium and vanadium resources.
Average Trading Volume: 157,664
Technical Sentiment Signal: Sell
Current Market Cap: A$23.45M
For detailed information about TOE stock, go to TipRanks’ Stock Analysis page.