Asset Summary
| Asset | Abercromby Well |
| Interest | 2.0% Net Smelter Royalty x 10% interest (payable >910Klb U308 cumulative production) |
| Commodity | Uranium |
| Location | Australia |
| Stage | Development |
| Counterparty | Toro Energy Limited |
Asset Highlights
- The Abercromby Project is contained within M53/336, and contains a portion of the Millipede-Centipede uranium resource, which in turns forms part of the broader Wiluna Project.
- The resource below is reported at a 200ppm cut-off for the combined Millipede-Centipede deposit (partially royalty-linked):
- Measured: 4.9Mt @ 579ppm for 6.2 Mlb U3O8.
- Indicated: 12.1Mt @ 582ppm for 15.5 Mlb U3O8.
- Inferred: 2.7Mt @ 382ppm for 2.3 Mlb U3O8
- Toro Energy released a Scoping Study on 24 October 2022, highlighting a standalone project for the nearby Lake Maitland Project. Millipede-Centipede is indicated as holding potential as an additional future ore source once integrated into the Lake Maitland mine schedule.
- Further Information: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02586566-6A1117115?access_token=83ff96335c2d45a094df02a206a39ff4