Antinuclear

Despite the facts, Toro Energy’s Vanessa Guthrie optimistic about uranium market

Why believe Tor’s spin when:

Uranium prices have slumped again, with no recovery in sight?

Areva is going bankrupt   ?

Improved uranium price triggers drilling at a Central Australian prospect, ABC Rural,  NT Country Hour 15 May 15  Nathan Coates “…….Drilling at the Wiso Project 150 kilometres north-west of Barrow Creek started this week and is expected to continue for two months.

Managing Director of Toro Energy, Vanessa Guthrie, said the joint venture project with Areva Resources is the result of surveys co-funded by the Northern Territory government. “The work that has commenced this week is a drill program,” she said. “We are targeting a sandstone hosted uranium paleochannel.”………She said environmental approval to start exploring near Barrow Creek had two levels.

The uranium that we might produce would be likely to go to the growing Asian markets of China and India and the mature markets of Korea and Japan. “Of course we needed Traditional Owner agreement which we’ve secured,” she said. “We also have the mine and exploration plan which was required by the Northern Territory government.”

Ms Guthrie said Toro Energy had in the past gone through environmental approval processes and they were very similar to those in the Northern Territory.

She added that the approval processes for uranium mining in the Northern Territory were “well established and quite mature.”…….http://www.abc.net.au/news/2015-05-12/improved-uranium-price-triggers-drilling-in-central-australia/6463570

May 16, 2015 - Posted by Christina Macpherson | Northern Territory, uranium