Toro Energy Discovers More Uranium Areas in Western Australia

Australian uranium project developer and explorer Toro Energy Limited, owner of the currently highly controversial Wiluna uranium mine, has announced the discovery of more uranium mineralised areas in its wholly owned Theseus uranium project in Western Australia.

Drilling results made early this year showed large new mineralised areas to the south and east of the Theseus uranium project, including a mineralised area about 600 meters to 700 meters wide, 2 kilometers long, and that is open to the south, the miner said in a statement.

"We're stepping out and drilling out into new areas, and everywhere we go we find more," Simon Mitchell, general manager business development, told Proactive Investors, noting that the Theseus uranium project, discovered in 2009, has the capacity to be bigger than what they had earlier identified.

Toro Energy Limited, which also owns uranium assets in Northern Territory, South Australia and in Namibia, Africa, is currently being strongly monitored by non-government organizations and environmentalist groups after its proposal to develop the Wiluna uranium mine received the approval of the Environment Protection Authority (EPA), the environment watchdog of Western Australia.

With EPA's approval, the Wiluna uranium mine project essentially becomes Western Australia's first after a five-year ban was lifted that constricted uranium mining in the area. Overall, the proposed mine will become Australia's fifth operating uranium mine.

But the Conservation Council of Western Australia opposed the mine's construction. Apart from citing environmental causes, it said it did not trustToro Energy Limited because it "has no track record in successfully operating uranium mines."