Toro Energy (AU:TOE) has released an update.
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Toro Energy Ltd has announced a 12% increase in uranium resources at its Lake Maitland deposit and a 17% overall rise for its Wiluna Uranium Project, due to a lowered cut-off grade to 100ppm U3O8. The expansion is aligned with industry benchmarks and is expected to improve the economics of the project. The company is advancing feasibility studies and aims to leverage the strong uranium market to enhance project value.
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