Toro Energy Limited Half Year Accounts

11:07 AEST Mar 1, 2013 ABN Newswire (C) 2004-2013 Asia Business News PL. All Rights Reserved.

Adelaide, Australia (ABN Newswire) - Toro Energy Limited (ASX:TOE) announce the half yearly report with key events over the period and up to the date of the report including;

- Western Australian Minister for Environment's decision to approve the Wiluna Uranium Project;

- Maiden inferred uranium resource for Theseus Deposit;

- Timeframe for Federal Environmental decisions, for the Wiluna Uranium Project, extended to 31 March 2013;

- Engineering design and costing phase of the DFS delayed until after Federal Environmental decisions made;

- Managing Director transition;

- Completion of A$12m convertible debt facility with Macquarie Bank Ltd.

To view the full report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-TOE-723796.pdf


About Toro Energy Limited:

Toro Energy 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 advanced the Approvals process with an anticipated date of mid-2012, construction through 2013 and first uranium sales in 2014.

Toro has a new uranium project at Theseus in Western Australia, and owns uranium assets in Northern Territory, South Australia and in Namibia, Africa.



Contact:

Toro Energy Limited
T: +61-8-8132-5600
F: +61-8-8362-6655
WWW: www.toroenergy.com.au