Toro set to turbo charge WA uranium play economics with vanadium

The West Australian10-21

Toro Energy has begun integrating its new vanadium resource into the recently updated Lake Maitland uranium resource block model near Wiluna in WA. The move is set to dramatically impact the company’s...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2477488140?lang=en_US&edition=fundamental","thumbnail":"https://images.thewest.com.au/publication/C-16469606/48e17437c4e9a13a565cf3afea6fc4787978c5b3.jpg","is_english":true,"pubTime":"2024-10-21 07:27","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2477488140","market":"hk","top_or_hot":-1,"title":"Toro set to turbo charge WA uranium play economics with vanadium","media":"The West Australian","content":"<div>\n<p>Toro Energy has begun integrating its new vanadium resource into the recently updated Lake Maitland uranium resource block model near Wiluna in WA. The move is set to dramatically impact the company’s...</p>\n\n<a href=\"https://thewest.com.au/business/bulls-n-bears/toro-set-to-turbo-charge-wa-uranium-play-economics-with-vanadium--c-16469606\">Source Link</a>\n\n</div>\n","source":"thewest_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Toro set to turbo charge WA uranium play economics with vanadium</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nToro set to turbo charge WA uranium play economics with vanadium\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-21 07:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thewest.com.au/business/bulls-n-bears/toro-set-to-turbo-charge-wa-uranium-play-economics-with-vanadium--c-16469606><strong>The West Australian</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Toro Energy has begun integrating its new vanadium resource into the recently updated Lake Maitland uranium resource block model near Wiluna in WA. The move is set to dramatically impact the company’s...</p>\n\n<a href=\"https://thewest.com.au/business/bulls-n-bears/toro-set-to-turbo-charge-wa-uranium-play-economics-with-vanadium--c-16469606\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1165135440.EUR","symbol_name":"BNP Paribas Aqua Classic Cap EUR","start_time":0,"source_url":"https://thewest.com.au/business/bulls-n-bears/toro-set-to-turbo-charge-wa-uranium-play-economics-with-vanadium--c-16469606","article_id":"2477488140","we_media_id":null,"thumbnails":["https://images.thewest.com.au/publication/C-16469606/48e17437c4e9a13a565cf3afea6fc4787978c5b3.jpg"],"rights":{"source":"thewest_stock","url":"https://thewest.com.au/business/bulls-n-bears/toro-set-to-turbo-charge-wa-uranium-play-economics-with-vanadium--c-16469606","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2477488140","pubTimestamp":1729466861,"sourceInfo":{"source_id":"thewest_stock","name":"The West Australian"},"weMediaInfo":null,"summary":"Toro Energy has begun integrating its new vanadium resource into the recently updated Lake Maitland uranium block model near Wiluna. The move looks set to overhaul the existing economic study on the project.","collect":0,"end_time":0,"defaultTopTitle":"thewest.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1165135440.EUR":"BNP Paribas Aqua Classic Cap EUR","NPV":"弗吉尼亚纽文市保","LU1543694498.USD":"法巴水资源基金RH MD Dis","IRR":"ING Risk Managed Natural Resourc","BK4152":"农用农业机械","TTC":"托罗配件"},"translate_title":"Toro将利用钒推动西澳铀矿的经济效益","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IRR":1,"NPV":1,"TTC":1},"content_text":"Toro Energy has begun integrating its new vanadium resource into the recently updated Lake Maitland uranium resource block model near Wiluna in WA. The move is set to dramatically impact the company’s previously tabled scoping study on the project that will now benefit from both uranium and vanadium sales.The combination of the two resources may also lead to economies of scale when it comes to mining according to the company which will now look to re-optimise the proposed Lake Maitland mining open pit using a combination of both uranium and vanadium.Management expects to complete an updated scoping study for a stand-alone uranium-vanadium mining and processing operation at Lake Maitland before the end of 2024.It also expects future planned project optimisation work and a pilot plant programme to evaluate further economic improvements resulting from potentially integrating additional resources at Toro’s nearby (100 per cent owned) Centipede-Millipede & Lake Way uranium deposits.Highlights of the previously revised resource estimate at Lake Maitland include a 12 per cent rise in uranium and a 74 per cent jump in vanadium after lowering the cut-off grade to 100 parts per million to better align with its peers. The re-estimation of the deposit, which is part of the bigger Wiluna uranium project, has delivered an increased total inventory of 29.6 million pounds (Mlbs) of uranium at a grade of 403ppm and 31.4Mlbs of vanadium running at 285ppm.Significantly improved financial outcomes from the recently updated Lake Maitland Scoping Study (that will now be upgraded again to include vanadium) were an estimated 7 per cent increase in the internal rate of return (IRR) to 48 per cent, a 30-plus per cent increase in earnings (EBITDA) to A$2.3b and a 37 per cent increase in net present value (NPV) to a whopping A$832.8 million.The new scoping study will include a pit re-optimisation of the recently updated uranium resource block model, with the vanadium resource integrated within it, to assess a change to mining volume and therefore potential production. A favourable outcome on this alone could significantly increase the value of the Wiluna Uranium Project. This will more accurately represent the potential mining volumes, production figures and economic/financial outcomes for the proposed stand-alone Lake Maitland mining and processing operation.Toro Energy’s Executive Chairman, Richard HomsanyOnce integration of the vanadium resource into the uranium resource block model is  complete, SRK Engineers will begin the re-optimisation of the proposed mining pit before re-calculating potential production schedules and financial outcomes.In addition to heightened uranium demand on the back of global support for nuclear energy, Toro says recent commitments by global companies including Microsoft, Google and Amazon to source nuclear energy to power their AI and data centres augers well for the industry.Growing recognition of nuclear energy’s track record as a reliable source of safe, carbon-free energy globally, may trigger a global rethink around exporting uranium, especially in light of the international global push towards ‘net zero’ emissions.Vanadium redox flow battery technology was first invented by the University of Sydney over two decades ago and the technology is now out of patent and available widely to the market.While lithium is used in electric vehicles there is a general push on now for big vanadium batteries to be used to power large industrial sites or even residential subdivision.Leading Perth property developer Nigel Satterly from Satterly Property Group recently told Bulls N’ Bears; “The industry is looking closely at how it can cut costs for homeowners and one of the things we are looking into is the potential of vanadium batteries to provide economical power to those homeowners in certain areas.”And it seems the market likes the idea of integrating Toro’s two stellar resources too with the company’s stock up 5 percent today.Is your ASX-listed company doing something interesting? Contact: matt.birney@wanews.com.au","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2477488140"}