The date for the substantial commencement condition contained in the State environmental approval for the Wiluna Uranium Project,granted pursuant to Ministerial Statement 1051 (MS 1051), has passed. Toro considers, and has sought advice to confirm, that theenvironmental approval granted by MS 1051 will remain valid notwithstanding that substantial commencement did not occur by thedate specified in MS 1051, and that it will be open to the Company to apply under the Environmental Protection Act 1986 (WA) foran extension of time for that condition at a later time during the life of the approval. It is also envisaged that favourable results fromthe studies detailed in this announcement may also necessitate an amendment to the proposal the subject of each environmentalapproval received.
Seriously we all know what a great resource and a valuable potential product to come from Toro in the foreseeable future. Now go knock on the door of the bloke that can re- approve the 1051. (MAKE IT HAPPEN)
TOE Price at posting:
20.0¢ Sentiment: Hold Disclosure: Held
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