Toro Energy Limited · ASX:TOE

Toro Energy — Investor Presentation (September 2019)

14 slides from Toro Energy's investor presentation, Sep 26, 2019

  1. Slide 1: Yandal Gold Project

    Yandal Gold Project Western Australia SEPTEMBER 2019

  2. Slide 2: Disclaimer

    D ISC L A IM ER  This presentation has been prepared by Toro Energy Limited (“Toro”). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document has been derived from third parties and though Toro has no reason to b

  3. Slide 3: Introducing Toro

    IN T R O D UC ING TO R O  Toro Energy Limited (ASX:TOE) (“Toro” or the “Company”) listed on the ASX in 2006 as spin-out of Oz Minerals Limited’s (ASX: OZL, Mkt Cap $3.1b) and Minotaur Exploration Limited’s uranium assets.  The Wiluna Uranium Project has an existing JORC 2012 Mineral Resource of 52

  4. Slide 4: Investment Highlights

    INVESTMENT HIGHLIGHTS  Underexplored for Gold – Majority of Toro’s 143 square kilometres of contiguous exploration ground has remained largely untested for gold Premium Land Position having been held by uranium companies since the 1970’s.  Prime Location – Toro’s property is located in the heart o

  5. Slide 5: Corporate Snapshot

    CORPORATE SNAPSHOT Capital Structure ASX Code TOE Shares on issue 2,172m ASX Share price $0.019 Options on issue 42.75m Cash (31 March 2019) $7.0m Debt (due Feb 2020) $6.0m Market Cap $41.2m Enterprise Value $40.2m OZ Minerals Limited 19% Board and Management Mega Uranium Ltd. Richard Homsany Execut

  6. Slide 6: Premium Land Position

    PR EM IU M L A N D PO SIT IO N  Toro’s Yandal Gold Project is located circa 20km from Echo Resources’ 3Moz Bronzewing Mine.  Echo Resources is currently the subject of an all cash $242.6m takeover bid from Northern Star.  Detailed airborne magnetic and ground gravity surveys completed in 2018 rev

  7. Slide 7: Gold Drill Program Imminent

    G O L D D R IL L PR O G R AM IM M IN ENT  4,000m RC drilling program to commence by the end of September at the Company’s 100% owned Yandal Gold Project.  6 prospective target areas with 3 large km scale gold anomalies identified by first pass aircore drilling in 2018.  The northern extent of the

  8. Slide 8: Wiluna Uranium Project

    WILUNA URANIUM PROJECT  84Mlb in regional resources, 96% of Resources permitted resources in M&I status support long life operations.  State government environmental Approvals approvals - 62Mlb of Mineral Resources, federal approval due. Mining leases  All granted.  Mineralisation from surface t

  9. Slide 9: Vanadium a Potential Viable By-Product

    VANADIUM A POTENTIAL VIABLE BY-PRODUCT KEY ADVANTAGE – INCREASING VALUE OF URANIUM RESOURCE and A DECREASED U3O8 INCENTIVE PRICE NEEDED FOR COMMENCEMENT OF PROJECT 9

  10. Slide 10: Why Toro?

    W H Y TO R O ?  Prime land position in the heart of the Yandal Greenstone Belt.  Underexplored for gold.  Imminent maiden RC drill program to test high priority gold targets.  Uranium and vanadium optionality – test work and resource estimation ongoing.  Excellent exploration upside. 10

  11. Slide 11: Appendix - References

    A PPEN D IX 1 - R EF ER EN C ES  Echo Resources Limited ASX release August 22nd 2017.  Phillips, G. N, and Anand, R. R. (2000) Importance of the Yandal greenstone belt, In Yandal Greenstone Belt Regolith, Geology and Mineralisation, (eds) Phillips, G. N, and Anand, R. R., CRC for Landscape Evoluti

  12. Slide 12: Appendix - Uranium Resources

    A PPEN D IX 2 - U R A N IU M R ESO U R C ES Wiluna Uranium Project Resources Table (JORC 2012) Measured Indicated Inferred Total 200ppm 500ppm 200ppm 500ppm 200ppm 500ppm 200ppm 500ppm Ore Mt’s 4.9 1.9 12.1 4.5 2.7 0.4 19.7 6.8 Centipede / Grade ppm 579 972 582 1,045 382 986 553 1,021 Millipede U3O8

  13. Slide 13: Competent Persons Statements

    C O M PET EN T PER SO N S STAT EM EN T S Competent Persons Statement – Geology and Exploration The information in this document that relates to geology and exploration was authorised by Dr Greg Shirtliff, who is a full- time employee of Toro Energy Limited. Dr Shirtliff is a Member of the Australian

  14. Slide 14: toroenergy.com.au

    toroenergy.com.au 60 Havelock Street, WEST PERTH 6005 Western Australia Telephone: +61 8 9214 2100

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