Arianne advances transport logisitics for its Lac à Paul phosphate project -optimization will reduce environmental footprint and lower costs DAN: TSX-V ( Canada ) JE9N: FSE ( Germany ) DRRSF: OTC ( USA )
Arianne advances transport logisitics for its
Lac à Paul phosphate project
-optimization will reduce environmental footprint and lower costs
DAN: TSX-V (
Canada
)
JE9N: FSE (
Germany
)
DRRSF: OTC (
USA
)
SAGUENAY, QC,
July 25, 2019
/CNW Telbec/ -
Arianne Phosphate (the "Company" or
"Arianne") (TSX: DAN) (OTC: DRRSF) (FRANKFURT: JE9N)
, a development-stage phosphate
mining company, advancing its Lac à Paul project in
Quebec's
Saguenay-Lac-Saint-Jean region is
pleased to announce that its efforts surrounding transportation logistics have significantly progressed
and will benefit the overall project and its economics.
As per its previously announced agreement surrounding trailer truck optimization (
see press release dated
March 6, 2018
), Arianne partnered with several parties to look at greater
integration of aluminum into the truck trailer design. Through this initiative over the past year,
Arianne and its partners have advanced a design that will be able to reduce the weight of the
transport trucks and allow for a greater payload per run. Once integrated, this will result in fewer
trucks on the road, increasing safety and reducing the overall environmental impact. As well, this
design will bring about greater economies of scale, resulting in a reduction in the cost of transporting
Arianne's phosphate concentrate to port and thus, the overall operating cost for its project. Already
projected to be one of the lowest cash-cost producers of high-purity phosphate concentrate, this
effort will move Arianne even lower on the cost-curve.
"One of the ongoing goals of the Company is to continuously optimize our project," said
Jean-
Sebastien David
, Arianne's Chief Operating Officer. "Our work regarding the truck-trailer design
with our partners is one such effort and, work to date has demonstrated that the new design will
lower the required number of trucks on the road without effecting the overall amount of tonnage
shipped. The benefits of this is multifold; it reduces our environmental footprint and will lower both
our capex and our ongoing opex. This collaboration was a group effort and I would like to thank all
our partners in this endeavor; the
National Research Council
of
Canada
, Alcoa Innovations, the
Centre Québécois de recherche et de Development de l'aluminium, the Société de la vallée de
l'aluminium, the Trans-Al Network, Mecfor and Groupe Alfred Boivin."
Arianne's work centered on project optimization is multi-fold and extends well beyond the operational
side of the project itself. To that end, today Arianne is happy to announce the addition of
Raphael
Gaudreault
to its team. Raphael will be assuming the position of Director of the mining sector and
comes to Arianne after most recently serving as Manager Planning and Mining Performance at
Arcelor where he was responsible for medium and long-term mine planning for one of
North-America
largest open-pit operation which includes life of mine planning and optimization, mining equipment
calculations, financial and technical project evaluation and technical support to operation.
Qualified
Person
Jean-Sébastien David, P.Geo., Qualified Person by NI 43-101, has approved this release. Mr. David
is also the Company's Chief Operating Officer.
About Arianne Phosphate
Arianne Phosphate ("Arianne Phosphate Inc.") (
www.arianne-inc.com
) is developing the Lac à Paul
phosphate deposits located approximately 200 km north of the Saguenay/Lac St. Jean area
of Quebec,
Canada
. These deposits will produce a high quality igneous apatite concentrate grading
39% P
2
O
5
with little or no contaminants (Feasibility Study released in 2013). The Company has
109,475,913 million shares outstanding.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Follow Arianne on:
Facebook:
https://www.facebook.com/ariannephosphate
Twitter:
http://twitter.com/arianne_dan
YouTube:
http://www.youtube.com/user/ArianneResources
Flickr:
http://www.flickr.com/photos/arianneresources
Resource Investing News:
http://resourceinvestingnews.com/?s=Arianne
Cautionary Statements Regarding Forward Looking Information
This news release contains "forward-looking statements" and "forward-looking information"
within the meaning of applicable securities regulations in
Canada
and
the United States
(collectively, "forward-looking information"). Forward-looking information includes, but is
not limited to, anticipated quality and production of the apatite concentrate at the Lac à Paul
project. Often, but not always, forward-looking information can be identified by the use of
words such as "plans", "expects, "is expected", "budget", "scheduled", "estimates",
forecasts", "intends", "anticipates", or "believes", or the negatives thereof or variations of
such words and phrases or statements that certain actions, events or results "may", "could",
"would", "might", or "will" be taken, occur or be achieved. Forward-looking information is
subject to known and unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of the Company to be
materially different from those expressed or implied by such forward-looking information,
including but not limited to: volatile stock price; risks related to changes in commodity
prices; sources and cost of power facilities; the estimation of initial and sustaining capital
requirements; the estimation of labour and operating costs; the general global markets and
economic conditions; the risk associated with exploration, development and operations of
mineral deposits; the estimation of mineral reserves and resources; the risks associated with
uninsurable risks arising during the course of exploration, development and production;
risks associated with currency fluctuations; environmental risks; competition faced in
securing experienced personnel; access to adequate infrastructure to support mining,
processing, development and exploration activities; the risks associated with changes in the
mining regulatory regime governing the Company; completion of the environmental
assessment process; risks related to regulatory and permitting delays; risks related to
potential conflicts of interest; the reliance on key personnel; financing, capitalization and
liquidity risks including the risk that the financing necessary to fund continued exploration
and development activities at Lac à Paul project may not be available on satisfactory terms,
or at all; the risk of potential dilution through the issue of common shares; the risk of
litigation. Forward-looking information is based on assumptions management believes to be
reasonable at the time such statements are made, including but not limited to, continued
exploration activities, no material adverse change in commodity prices, exploration and
development plans proceeding in accordance with plans and such plans achieving their
stated expected outcomes, receipt of required regulatory approvals, and such other
assumptions and factors as set out herein. Although the Company has attempted to identify
important factors that could cause actual results to differ materially from those contained in
the forward-looking information, there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that such forward-looking
information will prove to be accurate, as actual results and future events could differ
materially from those anticipated in such forward-looking information. Accordingly, readers
should not place undue reliance on forward-looking information. Forward-looking
information is made as of the date of this press release, and the Company does not
undertake to update such forward-looking information except in accordance with applicable
securities laws.
SOURCE
Arianne Phosphate Inc.
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%SEDAR: 00003556E
For further information:
Source: Jean-Sébastien David, C.O.O., Tel. : 418-549-7316,
[email protected]; Info: Brian Ostroff, C.E.O., Tel. : 514-908-4202, brian.ostroff@arianne-
inc.com
CO: Arianne Phosphate Inc.
CNW 07:30e 25-JUL-19