DAN: TSX-V (Canada)
JE9N: FSE (Germany)
DRRSF: OTC (USA)
SAGUENAY, QC, Oct. 30, 2019 /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, has
announced that it has received its initial findings back from a
study regarding a downstream phosphoric acid facility. The
work surrounding the study commenced in Q3, 2018 in partnership
with the New Brunswick Government (see press release dated
August 9, 2018), to review the
possibility of constructing a phosphoric acid plant in Belledune, NB.
The study was done with the Port of Belledune, utility and construction groups, as
well as with phosphate experts from SNC-Lavalin S.A. Brussels (''SNC'') and, Prayon Technologies,
Engis, Belgique (''Prayon'') who, were responsible for running the
tests and producing phosphoric acid. The key takeaway is that
the Arianne phosphate concentrate responded extremely well during
the process and was capable of producing a 60% P2O5 Merchant Grade
Acid ("MGA") and opposed to usual 52% MGA and, therefore, should be
able to be sold at higher prices. Further, because of the
high-quality nature of the Arianne phosphate concentrate input, the
gypsum by-product produced during the process appears to have
commercial value, as opposed to the typical contaminated waste
generated by using traditional phosphate rock sources.
"These tests should now allow us to continue discussions with
several groups that have indicated and interest in the
possibilities of a phosphoric acid facility," said Jean-Sebastien David, COO of Arianne
Phosphate. "With the right partner, the facility can have
numerous advantages; control of its own rock source will provide an
economic benefit as well as allow for greater security of
supply. In addition, it will also provide a buyer for roughly
40% of our own mine production."
Based on the study, Arianne will now review the merit of going
downstream and the Company will continue its discussions with
would-be partners to further assess the strategic and economic
advantage of this approach. "The logic of partnering with
another entity on a downstream facility makes a lot of sense and,
the key takeaway from this preliminary study is that our original
thinking was sound," concluded Brian
Ostroff, CEO of Arianne Phosphate.
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 111,458,250
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 be 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 approval, 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.