Toro Energy Limited - Pending Federal decision on Wiluna uranium project in WA

09:27 AEST Mar 27, 2013 ABN Newswire (C) 2004-2013 Asia Business News PL. All Rights Reserved.

Adelaide, Australia (ABN Newswire) - Toro Energy Limited (ASX:TOE) has been advised by the Federal Department for Sustainability, Environment, Water, Population and Communities, that it has extended the time for the Federal Minister, the Hon Tony Burke, to make a decision on the Company's wholly owned and advanced Wiluna Uranium Project in Western Australia to 5 April 2013.

'Toro understands that as the decision had been inadvertently scheduled for Easter Sunday it has now been extended to no later than Friday, 5 April 2013.' Toro's Managing Director, Dr Vanessa Guthrie, said.

'Toro looks forward to receiving the Minister's decision next week following the public assessment process which has lasted almost three and a half years.'


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