Toro's uranium test pit in Wiluna

Toro Energy has commenced work on a uranium resource test pit in Wiluna,
Western Australia.

The test pit, being developed by Toro over the next eight weeks at its wholly owned
Wiluna uranium project is a key component of the project's current bankable feasibility study.

The project is located south of Wiluna, 500 kilometres north of Kalgoorlie.

The state government has approved the test pit which has also received clearance by
native title claimants.

The Wiluna project is planned to come on stream by 2013, subject to Federal and WA government assessment and a final decision by the Toro Energy board to proceed.

Full announcement below:

Toro Energy Limited ('Toro') has commenced work on a uranium resource test pit in
Western Australia.

The test pit, being developed by Toro over the next eight weeks at its wholly owned Wiluna uranium project just south of Wiluna, 500 kilometres north of Kalgoorlie, is a key component of the project's current Bankable Feasibility Study (BFS).

The WA Government has approved the test pit which has also received clearance by
Native Title claimants.

The Wiluna project is planned to come on stream by 2013, subject to Federal and
Western Australian Government assessment and a final decision by the Toro Energy
Board to proceed.

The onsite test pit work will involve the movement of approximately 45,000 tonnes of
barren and ore material for sampling, with all material then returned to the pit to allow
for full site rehabilitation.

Preliminary work involving a ground water barrier trial is nearing completion.

Lines of closely spaced drill holes incorporating an inserted geopolymer barrier have beeninstalled around the pit perimeter to temporarily limit any inflow of saline groundwater during pit operations (refer following photographs). A successful trial of this technique will reduce planned water management costs for any eventual mine.

Mobilisation of plant and equipment for the pit excavation is underway.