TOE toro energy limited

Ann: Quarterly Activities and Cashflow Report, page-2

  1. 14,479 Posts.
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    Since it is all news from more than a month ago, most of the details are already known and just a recap of activities which have already been announced to the market.

    I did spot one paragraph of interest in relation to the Wiluna U project..

    "There is a substantial commencement condition contained in the State environmental approval for the Wiluna Uranium Project, granted pursuant to Ministerial Statement 1051 (MS 1051). Toro considers that, should it not proceed to substantial commencement of the Wiluna Uranium Project by the date required by that condition, being 9 January 2022, the environmental approval will remain valid and it will be open to the Company to apply under the Environmental Protection Act 1986 (WA) for an extension of time for that condition at a later time during the life of the approval."

    I remember some posters a few weeks ago were enquiring about these details during the past month. It is good to have the peace of mind that extensions are pretty common and available for use. They have obviously been in contact with the State regarding this, to include this statement.
 
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