Toro Energy (ASX:TOE) completed the re-optimization of its Lake Maitland mining pit in Western Australia, allowing it to move onto the next phase of work, rescheduling the mining and materials movement within the proposed operation, according to a Thursday filing with the Australian bourse.
The re-optimization is the second phase of work required for the scoping study update of the potential stand-alone Lake Maitland mining and processing operation, the filing said.
The scoping study update is expected to be finalized in the current quarter, according to the filing.
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