EL 28840 Partial surrender report 16 February 2012 to 15 February 2014

Abstract

A detailed desktop study of previous exploration was carried out by Toro at the beginning of tenure providing a basis for further exploration activities. Due to the low prospectively for uranium across the majority of the tenement Toro has made the decision to surrender ground and keep only the most prospective parts of the tenement for further exploration. In the future further exploration work will endeavour to further define those areas of productivity and reduce the size of the tenement to specifically those areas in which known uranium mineralisation exists.