News Articles for Toro Energy

Geochemical sampling has confirmed massive nickel-sulphides at ASX-listed Toro Energy's Jumping Jack discovery, which is part of its wholly-owned Dusty nickel project in Western Australia's northern Goldfields. Toro's 10,000m drilling program has continued this year at Dusty, which now boasts four massive nickel-sulphides discoveries and sits just 50km east of BHP's world-class Mt Keith open-pit nickel operation.

Toro Energy's latest diamond drilling campaign has extended its Dimma nickel discovery in WA's Goldfields, with 2m of continuous massive nickel sulphide intersected from 147.2m. Management says its new results stretch the mineralisation at the deposit to 160m and that portable XRF analysis suggests nickel grades of between 1.5 and 3.4 per cent. The discovery remains open along strike in both directions and at depth.

Toro Energy has extended its Dimma nickel discovery with another massive nickel sulphide intersection of 2.4m with P-XRF analysis between 1.4 and 5.1 per cent nickel. Drilling intersected an 8.9m zone of visible nickel sulphide mineralisation from 327.2m downhole. Dimma is one of Toro's four new nickel sulphide discoveries in a 7.5km long komatiite rock unit at WA's Yandal greenstone belt.

Toro Energy has recommenced drilling at its Dusty nickel project after recording its thickest massive nickel sulphide intersection so far at the company's Dimma prospect in the Yandal greenstone belt in WA. The diamond drilling program was restarted after the company completed three holes at the prospect last week that revealed a 4.5m intercept of continuous massive nickel sulphide from 194.3m downhole.

Toro Energy has landed its thickest massive nickel sulphide intersection so far at its Dimma project in the Yandal greenstone belt in WA. The company says its latest diamond drilling campaign unveiled a 4.5m of continuous massive nickel sulphide from 194.3m downhole. All three drill holes drilled so far at Dimma have intersected massive nickel sulphides indicating the discovery remains open in all directions. Toro has now discovered four nickel sulphide zones and tested less than half of the 7km strike of its host Dusty komatiite rock unit.

Geochemical assays have confirmed a significant gold intersection for Toro Energy about 80m north of where the company originally hit massive nickel sulphides at its Dusty project near Wiluna in WA. Diamond drilling struck a 4m intersection at 1.4 grams per tonne gold from 188m including a 2m hit going 2.2 g/t from 188m. The company says the latest result confirms the gold prospectivity of the site.

Toro Energy has unearthed high-grade gold results from geochemical assays of rock chip samples collected to the south of the company's Golden Ways target that forms part of its Yandal gold project. The company collected a total of 85 specimens in the recently identified New England target area about 2km south of Golden Ways with results returning impressive grades including one sample at 70.4 grams per tonne gold.

Positive results are now in from Toro Energy's scoping study into a standalone uranium-vanadium mining and processing operation at its Lake Maitland deposit within the company's broader Wiluna uranium project in WA's northern Goldfields region. After the cursory size-up, the standalone project currently holds a pre-tax net present value of $610 million and a total capital cost of $270 million.

Toro Energy says it can build its proposed standalone Lake Maitland uranium-vanadium operation for $270 million after a scoping estimation was completed by SRK Consulting Australasia and Strategic Metallurgy. The updated capital expenditure delivers a whopping $45 million reduction to the build compared to the $315 million estimate delivered around 10 years ago for the company's Wiluna uranium operation.

The Dusty nickel project in WA's north-eastern Goldfields continues to deliver for Toro Energy after follow-up drilling at its recently discovered Dimma deposit hit massive and semi-massive nickel sulphides. The company says exploration intersected a zone of intermittent nickel-sulphide mineralisation that extends for more than 20m and includes 2.5m of continuous massive nickel sulphide from 314.7m downhole.

Toro Energy has initiated a scoping study for a standalone Lake Maitland uranium-vanadium mining and processing operation after identifying a beneficiation step to reduce costs at its Wiluna uranium project. The Lake Maitland uranium deposit is just one of four deposits that form part of Toro's fully owned Wiluna uranium project in WA's northern Goldfields region 710km north-east of Perth.

Toro Energy has continued its run of impressive results at the company's Dusty nickel project in WA with the discovery of a fourth massive nickel sulphide zone from its ongoing diamond drill campaign. The latest discovery was highlighted after a drill hole hit a 3.6m section of massive sulphides from 244.1m. Toro says portable X-ray fluorescence analysis of the 3.6m intersection indicates grades between 1.45 and 3.66 per cent nickel.

Follow-up diamond drilling by Toro Energy at its recently discovered Jumping Jack deposit in WA's north-eastern Goldfields has intersected more massive and semi-massive nickel sulphides. The company says spot analysis using X-ray fluorescence suggests a range of between 1.28 and 3.5 per cent nickel from a 2.3m intersection from 232.1m. Its follow-up hole was drilled about 18m east of where the initial Jumping Jack discovery was made earlier this month.

Toro Energy has recorded its third discovery of massive and semi-massive nickel sulphides at its Dusty nickel project in WA, taking the prospective strike length at the site to at least 7.5km. The latest discovery, named Jumping Jack, was from a 3.4m intersection from 240.3m including a 1.4m- thick lens of massive nickel sulphides. The Dusty project falls within Toro's wholly owned Yandal gold project in WA's north-eastern Goldfields.

Toro Energy has tabled more massive nickel sulphide discoveries at its Dusty project in Western Australia. The results from Toro's latest campaign saw a drill hole intersecting 7.2 metres of visible nickel sulphides, grading 1.05 per cent nickel and 0.26 per cent copper from 252m downhole. The Dusty nickel project falls within Toro's 100 per cent owned Yandal Gold Project in the State's Mid West.

A pit re-optimisation, the inclusion of vanadium credits and a change of plant location has turbo-charged Toro Energy's plan for its WA based Lake Maitland uranium project, leading to a potential 48 per cent hike in uranium production over the life of mine to 23.5 million pounds from 15.8 million pounds and potential vanadium oxide production of 12.2 million pounds.

Fresh demand for uranium has renewed belief among some in the sector that the market will turn again.

Toro Energy is raising $15 million to advance its Wiluna uranium project in WA, as well as pay back debt and fund exploration programs.

Oil and gas explorer Whitebark Energy and uranium-focused Toro Energy are seeking to advance their respective projects with equity, with Whitebark completing a share placement and Toro launching a share purchase plan.

Automotive Holdings Group today announced that HNA International (HNA) has confirmed that it is terminating the agreement announced on 23 November 2017 to acquire the Company's Refrigerated Logisti

West Perth-based Toro Energy has announced a shift in strategy as the uranium-focused company begins a gold exploration program at its Lake Maitland project near Wiluna.

Uranium explorer Vimy Resources has released a positive definitive feasibility study for its Mulga Rock project, located east of Kalgoorlie, but the report is based on the assumption of a near tripling in the current uranium spot price by 2021.

Local resources executive Vanessa Guthrie has been appointed to the board of uranium explorer Vimy Resources as a nominated representative of fund manager Resource Capital Funds.

Orbital Corporation's long-serving managing director and chief executive, Terry Stinson, has stepped aside with CFO Todd Alder appointed as his successor with immediate effect.

The state government has been condemned by conservation groups for allowing four uranium projects with existing approvals to be developed.

Six listed companies based in Perth have announced funding deals worth a combined $36.9 million, with the largest being a $20.6 million capital raising by gold explorer Orecorp.

Fortescue Metals Group has risen into the ranks of the top 50 most valuable companies on the Australian share market thanks to soaring iron ore prices which have nearly quadrupled the miner's half-year profit and stoked investor demand.

Former Toro Energy managing director Vanessa Guthrie says recruiting and maintaining women in senior leadership roles remains a significant challenge in Western Australia, given the prevailing corporate culture.

The state government has approved Canadian miner Cameco's proposed Yeelirrie uranium mine in the Goldfields, despite its failure to meet one of nine Environmental Protection Authority recommendations.

Toro Energy has joined Vimy Resources in gaining state government approval for its uranium project expansion plans, however Environment Minister Albert Jacob is yet to make a decision on the more contentious Yeelirrie uranium mine proposal put forward by Cameco.

The appointment of Richard Homsany as executive chairman at West Perth-based uranium hopeful Toro Energy ties up leadership changes at the company with chairman John Cahill resigning today just a month after managing director Vanessa Guthrie.

Corporate finance and mining executive Jonathan Shellabear has been appointed non-executive director of Capricorn Metals.

Perth mining executive Vanessa Guthrie has announced her resignation as managing director of uranium-focused Toro Energy.

Fiona Harris has returned to the board of Oil Search about one year after stepping down from two major board positions because of health issues.

Toro Energy has received the environmental watchdog's backing to mine two additional deposits at its Wiluna uranium project, subject to a number of strict conditions.

Veteran mining executive Tim Netscher will soon take on the role of chairman at aspiring gold miner Gold Road Resources, while Ian Murray will transition to managing director.

A stubbornly low market price and the growing focus on renewables have WA's fledgling uranium sector on the ropes.

Toro Energy chief executive Vanessa Guthrie has been elected the first female chair of the Minerals Council of Australia.

SPECIAL REPORT: There's no doubt the boom has come to an end, but plenty of opportunities and projects remain in play.

Veteran mining executive Tim Netscher will be hoping his golden run continues when he takes the reins as chairman of uranium play Toro Energy this week.