Arianne Phosphate Receives Final Report on its Truck Transport of Phosphate Concentrate - improves trucking capacity and economies of scale DAN: TSX-V ( Canada ) JE9N: FSE ( Germany ) D RRSF: OTC ( USA )
Arianne Phosphate Receives Final Report on
its Truck Transport of Phosphate Concentrate
-
improves trucking capacity and economies of scale
DAN: TSX-V (
Canada
)
JE9N: FSE (
Germany
)
D
RRSF: OTC (
USA
)
SAGUENAY, QC,
April 8, 2020
/CNW Telbec/ -
Arianne Phosphate (the "Company" or
"Arianne") (TSXV: DAN) (OTC: DRRSF) (FRANKFURT: JE9N)
, a development-stage phosphate
mining company, advancing the Lac à Paul project in
Quebec's
Saguenay-Lac-Saint-Jean region is
pleased to provide an update regarding its work on the project's transportation logistics.
As per the Company's previously announced agreement surrounding trailer truck optimization
(see press releases of
March 6, 2018
and
July 25, 2019
), Arianne partnered with several parties to
look at greater integration of aluminum into the truck trailer design. Through this continued
collaboration, the parties were able to optimize a truck-trailer design that lowered the weight of the
trailer without compromising the structural integrity. So, as of the final report recently received by
Arianne from its partners, this new design will now allow for a payload of
150Mt
as opposed to the
original
120Mt
of phosphate concentrate providing for greater economies of scale. This increased
payload per run will both improve our profitability as we lower our FOB cost at port and, reduce our
environmental footprint as Arianne will require fewer trucks to haul the same annual output.
"This is an excellent outcome for our Company," said
Jean-Sebastien David
, COO of Arianne
Phosphate. "One of our stated goals was to continue to optimize the project, which this initiative has
done. Already projected to be one of the lowest cash-cost producers of high-purity phosphate
concentrate, this will move us even lower while reducing our environmental impact; it is a win-win."
Covid-19
Additionally, Arianne wants to provide an update with regards to its operations in light of the Covid-
19 outbreak. As per the directives issued by the Government of
Quebec
, the Company's offices are
temporarily closed and our staff is working from home. Much of the work that was currently
underway is being done remotely with limited negative impact. "It is in the interest of safety to both
the employees and the community that we are taking these steps," added
Brian Ostroff
, CEO of
Arianne Phosphate. "Our work continues unabated as we look to move our project towards
development. The world will continue to require growing amounts of phosphate and these events will
continue to put an emphasis on the food chain and its security of supply."
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
113,158,350 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 08:00e 08-APR-20