The project is located 30 kilometres south of Wiluna in Central Western Australia consisting of two uranium resource deposits expected to produce 1.3 million tonnes a year for approximately 820t of uranium oxide concentrate over the 10 years of mine life.
Toro managing director Greg Hall stated that this is the first uranium mine after the WA government modified the uranium policy in 2008.
The approval has been secured following a detailed technical and environmental study and is the first since the state effected changes to its uranium policy in 2008.
"Toro now awaits the completion of the Federal Government’s assessment of the Project, which has been occurring in parallel with the State process under a bi-lateral agreement.
"Subject to the Federal Government decision, Toro will advance its proposed financing of the Project, with potential JV partners having been engaged for some time in detailed technical review work," added Hall.
