toro deep yellow napperby uranium res.doubled

Sydney - Friday - July 25: (RWE Australian Business News) - A
new estimate based on 2007 drilling and assay results has doubled the
JORC inferred resource estimate for the Napperby Uranium Project, 150km
northwest of Alice Springs.
Toro Energy Ltd (ASX:TOE) released the updated inferred resource
of 4.6m tonnes at 305ppm (0.031pc) U3O8 for 1420 tonnes (3.13m pounds)
of contained uranium oxide (using a 200ppm U3O8 cutoff), which is 112pc
more than the last inferred estimate prepared 18 months ago by Deep
Yellow Ltd (ASX:DYL).
The new figure compares with DYL's December 2006 estimate of
1.9m tonnes at 360ppm (0.036pc) U3O8 for 670 tonnes (1.48m pounds) of
contained uranium oxide using the same cutoff.
Toro holds an option to acquire 100pc of the project from DYL on
certain commercial terms.
The new resource estimate was calculated by SRK Consulting for
inclusion into the Napperby Scoping Study.
The mineralisation remains open along the strike of the
palaeochannel.
The modifications to the inferred resource estimate are due to
assay results from samples from the completion in 2007 of 305 holes for
about 3200m drilling.