Arianne Phosphate to study production of fertiliser products
DAN: TSX-V (Canada)
JE9N: FSE (Germany)
DRRSF: OTC BB (USA)
SAGUENAY, QC, Feb. 12, 2014 /CNW/ - Arianne Phosphate (the "Company" or "Arianne") (TSX VENTURE: DAN) (FRANKFURT: JE9N) (OTCBB: DRRSF) is pleased to announce that it has recently commissioned a scoping and market study on the feasibility of processing Arianne's phosphate rock into purified phosphoric acid (PPA), MAP/DAP and Nitro phosphate fertiliser products.
In this exploratory study, which will have a strong business case and market focus, Cegertec WorleyParsons will look at the economic capacities and types of processing plants suitable for the secondary transformation of Arianne's high quality phosrock product and potential final product specifications. In addition, possible facility locations, including those in the project region, will be evaluated and power and other raw material requirements and potential sourcing options will be studied and identified. The market potential for export of the processed product, as well as CAPEX and OPEX for the construction and operation of such a plant, will also be studied.
"Arianne remains strongly focused on bringing our world class Lac à Paul phosphate rock project into production in 2017. Our energies and expertise are completely focused on this goal. The very high quality of Arianne's concentrate product and its major mineral resources makes this a compelling study and focuses further market awareness on the exceptional quality of our world class project," said Brian Kenny, CEO of Arianne Phosphate.
While the studies are being completed, the Company is maintaining its engagement with social and political stakeholders in the region, as well as with the groups or individuals most directly affected by the project. "Arianne's project will produce significant economic benefits for the Saguenay-Lac-Saint-Jean region and thus, we will continue to work in partnership with the community," said Jean-Sébastien David, Vice President Operations.
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. The Company has 85.2 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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Forward Looking Statements and 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"). The forward-looking information contained in this news release is made as of the date of this news release. Except as required under applicable securities legislation, the Company does not intend, and does not assume any obligation, to update this forward-looking information. Forward-looking information includes, but is not limited to, anticipated effect of the additional metallurgical tests on the Project, and timing and expectations of future work programs. 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. Any forward-looking statement speaks only as of the date on which it is made and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement.
SOURCE Arianne Phosphate Inc.For further information:
Source: Brian Kenny, CEO
Info: Derek Lindsay, CFO