Uranium prices drive Toro to update Lake Maitland scoping study

Torro Energy has moved quickly to take advantage of the recent price spike in global uranium prices announcing plans to freshen up a previously released scoping study over its Lake Maitland project eyeing off the possibilities of what the current 16-year high price above US$100 a pound could mean for the prospects of its uranium project near Wiluna in WA. The previous scoping study over Lake Maitland, released in October 2022 used a uranium oxide price estimate of US$70 (AU$106) per pound, which even at those levels resulted in some world leading financial metrics. Today, with the commodity price having soared by more than 40 per…