-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%
P2O5 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.
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on:
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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.