Toro Energy passes latest Wiluna milestone

THE BOURSE WHISPERER: Toro Energy (ASX: TOE) has ticked off another important box as it progresses development of the company’s wholly-owned Wiluna uranium project in Western Australia.

Toro announced the Western Australian Environmental Protection Authority (EPA) has approved the Environmental Scoping Document (ESD) for the project extension.

The EPA received 27 submissions following a two-week public review of the ESD in October 2014 and its approval follows Toro’s responses to the submissions.

The approvals follow major environmental approvals from the Western Australian and Federal governments to establish a processing facility and commence mining two of Wiluna’s deposits, Centipede and Lake Way.

The ESD provided information about Toro’s plans to integrate two additional deposits at Millipede and Lake Maitland into an extended Wiluna project.

Toro explained the purpose of the ESD is to identify the key environmental issues to be addressed during further government assessment of the project, and to identify the work required to complete the environmental review.

“The EPA’s approval of the ESD will allow Toro to continue preparation of the Public Environmental Review (PER) as the next step in the assessment process,” Toro Energy managing director Dr Vanessa Guthrie said in the company’s announcement to the Australian Securities Exchange.

“The EPA has determined that the PER should be open for public review for a 12-week period and Toro is planning to release this document in mid-2015.”

Toro considers the PER to be a further opportunity to consult with the community about plans for the wider Wiluna project, where it can explain how development of the Millipede and Lake Maitland deposits can be undertaken with the environment and local and regional communities in mind.

Toro said it looks forward to further consultation with the community about its extended project and remains confident that a rigorous government environmental assessment for Millipede and Lake Maitland can be completed during 2016.