Arianne Phosphate Receives Final Report on Its Truck Transport of Phosphate Concentratey
SAGUENAY, QUEBEC – (April 8, 2020) – Arianne Phosphate (the “Company” or “Arianne”) (TSX VENTURE: 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.”
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.”
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 113,158,350 shares outstanding.
– 30 –
Source: Jean-Sébastien David, C.O.O. Tel. : 418-549-7316 email@example.com
Info: Brian Ostroff, C.E.O. Tel. : 514-908-4202 firstname.lastname@example.org