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Toro Energy Welcomes Decision On Wiluna Appeals

Toro Energy (ASX: TOE) has welcomed the Western Australian Minister for Environment Bill Marmion's decision to dismiss nine appeals raised against its Wiluna Uranium Project.

In making his decision, the Minister said the Appeals Committee had agreed with the Environmental Protection Authority's (EPA) conclusion that the EPA's objectives would be achieved provided there is satisfactory implementation by the proponent of the recommended conditions, subject to amendment of a number of the recommended conditions.

Marmion added the EPA had adequately considered the key environmental factors identified by it in its assessment of the proposal, and that this assessment was consistent with section 44 of the [Environmental Protection] Act.

The Minister was also satisfied that, subject to improved coordination and understanding between agencies, the regulation of uranium mining in Western Australia can be adequately managed by the Department of Mines and Petroleum, the Department of Environment and Conservation and the Radiological Council of Western Australia.

Some sections of the appeals were added to the EPA's existing conditions.

Toro now awaits the WA Minister's decision and final conditions on Wiluna and the subsequent decision by the Federal Minister for Sustainability, Environment, Water, Population and Communities Tony Burke following his assessment of the project.

Wiluna Project

Wiluna is an advanced uranium project with a Resource of 54 million pounds of U3O8.

Toro expects a Final Investment Decision to be made by its board on the project during the first half of 2013 with first uranium sales in the 2014/15 fiscal year.

The process engineering phase of the Definitive Feasibility Study (NYSE:DFS) has been completed though Toro has delayed the engineering design and costing phases until a Government decision is reached on the project.

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