Arianne Phosphate Launches Permitting Phase with Start of Formal Public Hearing Process

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Arianne Phosphate Update (TSX-V: DAN & OTCBB: DRRSF)

Arianne Phosphate Launches Permitting Phase with Start of Formal Public Hearing Process

Arianne Phosphate announced the setting of a key milestone date this morning in their stated mission of moving the Company’s massive flagship Lac a’ Paul phosphate project further towards commercial production with the announced date of February 18, 2015 for Public Hearings on the environmental aspects of the project. We have included a link below to the full release which details this upcoming meeting, administered by BAP – the Bureau d’audiences publiques sur l’environnement. The Lac a’ Paul project is a world class, high-grade phosphate project located in Saguenay/Lac St. Jean area of Quebec.

As you can imagine a proposed mining project of this magnitude carries with it a tremendous positive economic impact to the region and therefore we expect there to be highly supportive local public sentiment for this project. Arianne’s moving forward on this required regulatory process starts the timeline for their permitting approval process (initial EIA report filed with Quebec regulatory groups in June 2013) and once that has been achieved we expect there could be material value realization in Arianne shares due to the fact that the project will then be “green lighted” for construction financing and then eventually phosphate production post full mine construction/development.

In the release, Jean-Sebastien David, Chief Operating Officer of Arianne Phosphate stated:  “Securing permitting for our Lac-à-Paul phosphate project represents another major milestone for our Company. We very much look forward to the start of the public consultation process and showing the reasons why Lac-à-Paul is a world-class project that will provide significant economic benefits to the Saguenay region with little environmental impact.”

The phosphate/fertilizer segment has been really heating up recently with several of the key players seeing major share price movement (Agrium -NYSE: AGU is just a couple dollars shy of their all-time high of $108.58 this week) as prices for finished fertilizer products such as DAP (diammonium phosphate) and MAP (monoammonium phosphate) are strengthening. Couple these price moves with the fact that a very large percentage of global phosphate resources come from some very scary parts of the world these days such as Morocco and Tunisia – and you can see why we see good things in the future for Arianne with such a massive deposit of high grade phosphate in one of the most secure mining regions (Quebec) on the planet.

This announcement starts what we expect to be a very active first half of 2015 for Arianne as they continue to move Lac a’ Paul towards production via further project optimization, projected opex cost reductions and permitting initiatives.

Arianne’s Lac a’ Paul project hosts 472 million tonnes of 6.9% P2O5 (78 million tonnes of 38.6% P2O5); current feasibility study shows 26 year mine life and creates 1,000 direct and indirect jobs during the life of the mine.

Link to full press release: http://www.stockhouse.com/news/press-releases/2015/01/28/arianne-phosphate-launches-permitting-phase-with-start-of-formal-public-hearing

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