Toro Energy Limited announced that SRK Consulting has been secured as the consulting group to conduct the re-engineering work on the mining of the Lake Maitland Uranium Deposit. The Lake Maitland Uranium Deposit is part of Toro's environmentally approved Wiluna Uranium Project, located near Wiluna along the Goldfields Highway, some 710km NE of Perth in Western Australia. The re-engineering work follows on from the success of research into beneficiation of the potential Lake Maitland ore and the subsequent redesign of the processing flowsheet for a stand-alone Lake Maitland mining and processing operation. The cost efficiencies made from the changes to the processing plant, as detailed in the ASX announcement of 7 March 2019, allow for a revisit of the planned mining operation to investigate if the savings can translate into an increased utilisation of the resource through the mill and a more efficient, less complex mining method. The re-engineering of the mine is also necessitated by the excellent vanadium recovery within the uranium deposit, which may produce a valuable V2O5 by-product at Lake Maitland as outlined in the ASX announcement of 21 October 2019. The engineering work will focus on a re-investigation of the estimation block model of the Lake Maitland resource, taking account of the dual-processing of uranium and vanadium as well as grades of both U3O8 and V2O5 post beneficiation but pre-leach. Using the results from this assessment, the engineering will then re- optimise the mine taking into account the added net value of both the V2O5 production and the cost efficiencies that have been created from the recent research into beneficiation and the downstream changes and improvements in the processing stream. The main aim of the work is to test if the above improvements translate into a lowering of the optimised mining cut-offs, which would result in more of the resource being processed over the life of the mine. A further objective is to demonstrate a less complex and more cost effective mining method. This re-engineering of the Lake Maitland mining operation will investigate the potential for this creation of significant Project value.