TOE 3.92% 26.5¢ toro energy limited

it was discussed after the AGM that the nature of the depoisits...

  1. 14,311 Posts.
    lightbulb Created with Sketch. 706
    it was discussed after the AGM that the nature of the depoisits is different which is why Toro could not go for the token loader removing overburden as substantial commencement - Toro ore is very very shallow depth and driving loaders around would expose and oxidise the ore body itself.... best leave it covered till actual mining commences lest value be compromised. The VMY ore is deeper they could do some earthworks without exposing the ore or compromising later mining was my understanding of what was said.

    I'm not a geologist or metalurgist so I dont fully understand the implications but I will do my best ;

    The issues with exposing the ore to weather are;

    1. Oxidation : Oxidation can cause the conversion of insoluble uranium minerals into soluble forms, leading to the loss of uranium content from the ore. This can reduce the overall yield of uranium during processing, impacting the economic viability. Weathered uranium ore with oxidized minerals may require additional processing steps to extract the uranium effectively. This can increase processing costs due to the need for specialized equipment and chemicals, as well as longer processing times

    2. Leaching : weather and rain can leach the soluble uranium reducing yield potentually leading to environmental contamination.

    I hope this helps it was one of the questions I asked at the AGM.


 
watchlist Created with Sketch. Add TOE (ASX) to my watchlist
(20min delay)
Last
26.5¢
Change
0.010(3.92%)
Mkt cap ! $31.87M
Open High Low Value Volume
26.0¢ 27.5¢ 26.0¢ $111.3K 422.3K

Buyers (Bids)

No. Vol. Price($)
1 6098 26.5¢
 

Sellers (Offers)

Price($) Vol. No.
27.0¢ 3700 1
View Market Depth
Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
TOE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.