OTCPK:TOEYF - Post by User
Post by
gruntov1on Jul 15, 2017 4:51pm
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Post# 26473207
A Little more Positive color on Wiluna
A Little more Positive color on WilunaThey need to start mining within the next 5 years to keep the environmental licenses. Federal government approves Millipede and Lake Maitland extensions to Wiluna uranium mine project: On July 5, 2017, Australia's Department of the Environment and Energy issued the approval for the construction and operation of the Millipede and Lake Maitland extensions to the Wiluna uranium mine project. State environment minister approves Millipede and Lake Maitland extensions to Wiluna uranium mine project: Toro Energy has received State environmental approval to expand its Wiluna uranium project, five years after it became the first uranium miner in WA to secure approval at its Centipede and Lake Way deposits. The State Government tick means Toro is cleared to include the Lake Maitland and Millipede deposits to its mineral base, doubling its indicated and inferred resource to more than 40 million pounds of uranium oxide. Under the terms of Environment Minister Albert Jacob's approval, the company would need to begin mining the deposits within five years. The company will now wait on Federal approval, which is typically decided after the State process is complete. (The West Australian Jan. 9, 2017) > Download Ministerial Statement No. 1051 , Jan. 9, 2017 (912kB PDF)