Toro Confirms Massive Nickel Sulfide Mineralization in Western Australia - 2023

Mining & Minerals - Evaluations / Critical Mineral Resources

Geochemical assays have confirmed massive nickel (Ni) sulphides were intersected in Jumping Jack discovery drill holes TED 37 and TED 39. Geochemical assays confirm:

• Diamond drill hole TED37 intersected 3.45m of massive Ni-sulphide grading 1.42% Ni, 0.19% copper (Cu) and 0.76 g/t platinum (Pt) and Palladium (Pd) from 240.1m downhole including: 1.45m of massive Ni-sulphides grading 2.2% Ni, 0.36% Cu and 1.27 g/t Pt+Pd from 242.2m downhole
• Diamond drill hole TED38 intersected 2.44m of massive Ni-sulphide grading 1.16% Ni, 0.2% Cu and 0.77 g/t Pt+Pd from 231.65m downhole.
• Jumping Jack is one of four (4) massive and semi-massive Ni-sulphide discoveries at Toro’s 100% owned Dusty Nickel Project, located in the Yandal Greenstone Belt, some 50km east of the world class Mt Keith Nickel Deposit
• Together the four Dusty Ni-sulphide discoveries – Jumping Jack, Dimma, Houli Dooley and Dusty – are the first Komatiite-hosted massive Ni-sulphides to be discovered in the region and remain open at depth. Follows recent exploration success that confirmed nickel sulphide mineralisation at the Dimma discovery extends to 160m down-dip and remains open at depth
• Only ~4.5km of the 7.5km long Dusty Komatiite magnetic trend has been tested to date and Toro has already discovered four (4) zones of massive or semi-massive Ni-sulphide.

Toro Energy Limited (ASX: TOE) (‘the Company’ or ‘Toro’) is pleased to announce that geochemical assays have confirmed the massive Ni-sulphides intersected in the discovery holes of the Jumping Jack Ni-sulphide zone, diamond drill holes TED37 and TED38, within the Company’s 100% owned Dusty Nickel Project.

The Dusty Nickel Project is located in the Yandal Greenstone Belt, 50km east of the world class Mt Keith Nickel Deposit.

Analysis of returned geochemical assays of drill core samples from diamond drill holes TED37 and TED38, the discovery holes of the Jumping Jack Ni-sulphide zone, confirm that massive Ni-sulphides were intersected over  3.45m from 240.2m downhole in TED37 and over 2.44m from 231.6m downhole in TED38.

Also see: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02670842-6A1152116?access_token=83ff96335c2d45a094df02a206a39ff4