Toro Energy Limited (ASX:TOE) Managing Director Appointment

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Adelaide, Australia, Feb 8, 2013 - (ABN Newswire) - Toro Energy Limited (ASX:TOE.AX - News) wishes to advise that as detailed in the Company's Quarterly Report lodged with the ASX 31 January 2013, Dr Vanessa Guthrie has been appointed as Managing Director of Toro effective 8 February 2013 as part of a planned succession. Mr Greg Hall will step down as Managing Director, but will remain on the Board as a non-executive director.

Dr Guthrie is a former Woodside Energy Vice President for Sustainable Development and has previously held the roles of Mine Manager and Sustainability Manager for Alcoa World Alumina Australia and Environment Manager for WMC Resources, Pasminco Metals EZ and RGC Limited. She has holds a Bachelor of Science (with Honours) in geology, a Doctor of Philosophy (Geology), Diploma in Natural Resources, and Graduate Diplomas in Business Management and Commercial and Resources Law. Dr Guthrie also held an Australian Institute of Nuclear Science and Engineering post-graduate scholarship and a French Government Scientific Fellowship.

The Company notes that the employment contract between the Company and Dr Guthrie is at present still in the process of being finalised. Once these negotiations have concluded, a release will be made to the market outlining the key terms of her employment with the Company.


About Toro Energy Limited:

Toro Energy is a modern Australian uranium company with progressive project development, acquisition and growth. The company is based in Adelaide, South Australia with a project office in Perth, Western Australia.

Toro's flagship and wholly-owned Wiluna uranium project (includes existing mining lease) is 30 kilometres southeast of Wiluna in Central Western Australia.

Wiluna contains two shallow calcrete deposits, Lake Way and Centipede, with prefeasibility and optimisation studies completed and a definitive feasibility study underway. Toro has advanced the Approvals process with an anticipated date of mid-2012, construction through 2013 and first uranium sales in 2014.

Toro has a new uranium project at Theseus in Western Australia, and owns uranium assets in Northern Territory, South Australia and in Namibia, Africa.

Contact:

 
Toro Energy Limited
T: +61-8-8132-5600
F: +61-8-8362-6655
WWW: www.toroenergy.com.au
 

Source:

Toro Energy Limited

Copyright (C) 2013 ABN Newswire. All rights reserved.

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