Toro Energy (ASX:TOE) advances Lake Maitland Uranium Project for increased production potential

Toro Energy highlighted progress on the Lake Maitland Uranium Project extension study, assessing the integration of Lake Way and Centipede-Millipede deposits.

The study explores increased production potential at Lake Maitland, projecting 8Mlbs U3O8 and 11.9Mlbs V2O5.

A refresh of the 2022 Lake Maitland scoping study is underway to align with favourable commodity pricing.

The Wiluna Uranium Project's Wiluna, Lake Maitland, Lake Way, and Centipede-Millipede deposits contain 52 Mt at 548ppm U3O8 and 96.3Mt at 322ppm V2O5.

Exploration expenses for the quarter amounted to $1.07 million, focusing on Lake Maitland's development for long-term uranium production feasibility.