Major ASX listed uranium developer Toro Energy (ASX: TOE) has been awarded one of the first co-funded industry drilling grants from the Western Australian Government.
The government allocation of $75,000 will be matched by Toro for drilling of two IOCGU targets in the Lake Mackay project area, in the far northeast of Western Australia.
Toro has been operating in the Lake Mackay region this year carrying out soil and gravity survey work, and has a current “Deed of Agreement” with the Tjamu Tjamu Aboriginal Corporation and the Ngaanyatjarra Land Council.
Along with calcrete uranium drill targets being funded by Toro, the IOCGU drill targets have been identified using both gravity and magnetic data.
The base camp for the Lake Mackay operations is at the community of Kiwirrkurra, 700km to the west of Alice Springs but inside the border of WA
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