Toro Energy (AU:TOE) has released an update.
Toro Energy Ltd. has announced impressive results from the updated Scoping Study for its Lake Maitland Uranium Project, showing a 37% increase in pre-tax NPV to A$832.8M and a higher IRR of 48%. With robust operating margins expected, the company also revealed a demerger plan for its non-core assets and reported a strong cash position of $12.75 million as of the quarter’s end. The study results underpin the financial viability of the project, with significant increases in EBITDA and cash flow, alongside low estimated operating costs for the project’s 17.5-year life.
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