Saguenay, Quebec, August 23, 2012. Arianne Resources Inc. (the “Company” or “Arianne”) is pleased to announce it has contracted with Cegertec WorleyParsons and Jacobs Engineering to produce the Bankable Feasibility Study (BFS) for its Lac a Paul Phosphate mining project in Quebec.
Arianne Resources CEO Mr. Bernard Lapointe commented “These new contracts represent significant steps toward the realization of our Lac a Paul mining project. Cegertec WorleyParsons is part of the 4th largest engineering firm in the world, so we are very excited to have their global resources working on our behalf to design our Lac a Paul phosphate operation. Cegertec WorleyParsons, enjoys a very good reputation within our region, being a significant player in Saguenay/Lac St-Jean where it has completed engineering on several major projects. The combination of Cegertec WorleyParsons’ regional expertise with WorleyParsons’ global capabilities will provide the engineering excellence Lac a Paul deserves as a new world-class phosphate producer.” concluded Mr. Lapointe. WorleyParsons recently initiated construction work on one of the largest phosphate projects in the world in Saudi Arabia. WorleyParsons has also completed several resource development and mining operation startups for projects similar to Lac a Paul.
Also to be integrated with the BFS, Arianne has contracted with Jacobs Engineering of Lakeland, Florida to complete pilot plant metallurgical testing of Paul and Manouane Zones ores. Jacobs Engineering is recognized as the global expert in design and operation of phosphate processing facilities. Mr. Bernard Lapointe added “The pilot plant testing to be completed by Jacobs will validate all previous metallurgical work and further optimize the design of our Lac a Paul facilities by processing more than 40 tons of ore. We are excited to have world-renown expertise working on behalf of this important new mine development in Quebec.”
About Cegertec WorleyParsons
The co-enterprise of Cegertec WorleyParsons has close to 600 employees in the region and will conduct the Arianne Resources’ BFS from a dedicated project office located in Chicoutimi. The co-enterprise will provide great advantages to the client by having access to about 40,000 professionals among 150 offices located in 44 countries worldwide. The engineering firm is very well positioned to deliver a world-class project, having designed more than 700 operating facilities such as fertilizer plants, mineral processing plants and other sophisticated chemical plants over the past 55 years.
About Arianne Resources
Arianne Resources is developing the Lac à Paul phosphate-titanium deposits located approximately 200 km north of the Saguenay/Lac St. Jean area of Quebec, Canada. These deposits should produce a high quality igneous apatite concentrate grading 39% P2O5 with little or no contaminant. Arianne Resources (www.arianne-inc.com) is a Canadian exploration company whose primary mission is to explore and develop gold, silver and other metal deposits in Canada and Mexico. The Company has 68 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.
Source: Bernard Lapointe, CEO Tel: (418) 549-7316 bernard@arianne-inc.com
Information: Jim Cowley, President Tel: (801) 599-3789 jim@arianne-inc.com Louis Morin, Investors Relations Tel: (514) 845-1101 lmorin@thebidcapitalmarkets.com
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