– REPRESENTS IMPORTANT STEP FOR LAC-À-PAUL PHOSPHATE PROJECT –
SAGUENAY, QUEBEC – (January 28, 2015) – Arianne Phosphate (the “Company” or “Arianne”) (TSX VENTURE: DAN) (FRANKFURT: JE9N) (OTCBB: DRRSF) today announced it will make a presentation on the environmental impact and economic benefits related to its Lac-à-Paul phosphate project to the Bureau d’audiences publiques sur l’environnement (BAPE), an independent agency, on February 18 in Saguenay, Quebec. The presentation will mark the start of Arianne’s public information and consultation process to receive environmental permitting for Lac-à-Paul.
“Securing permitting for our Lac a Paul phosphate project represents another major milestone for our Company,” said Jean-Sebastien David, Chief Operating Officer of Arianne Phosphate. “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.”
Development of Arianne’s Lac-à-Paul project is expected to generate a $1.2 billion investment, create more than 2,200 direct and in-direct jobs during the construction phase and create approximately 1,000 jobs during a 25 year life of mine operation for the Saguenay region. The project will pioneer a new industry in the province while generating roughly $1 billion in employment income as well as more than $12.6 billion in overall economic benefit for the province of Quebec.
In advance of its presentation to BAPE and upcoming public information sessions, Arianne will make its Environmental Impact Assessment Study and supporting documentation delivered to the Ministry of Sustainable Development, Environment and the Fight Against Climate Change publicly available through its website, www.arianne-inc.com.
“Consistent with our approach to date, we are fully committed to working with the Ministry, BAPE and all stakeholder groups in an open and transparent manner during the consultation and permitting phases,” added Mr. David. “We believe that the public consultation process will provide us the opportunity to demonstrate the merits of advancing development of our project through the production stage, and thus unlocking and providing the true economic and social benefits for all those involved.”
Arianne’s Environmental Impact Assessment study was conducted by GENIVAR Inc., an international engineering consulting firm, in collaboration with a number of technical and engineering firms, including Dessau-Groupe Conseil Nutshimit, Hydro-Ressources Inc. and Cegertex WorleyParsons.
The first phase of the BAPE process is expected to last 45 days.
The Bureau d’audiences publiques sur l’environnement (BAPE) is an independent agency dedicated to public information and consultation on projects in Quebec likely to have a major impact on the environment or any other question related to the quality of the environment. The BAPE carries out the mandates entrusted to it by the Minister of Sustainable Development, Environment and the Fight Against Climate Change, including public information and consultations as well as public hearing mandates. Following each of its mandates, the BAPE conveys to the Minister the concerns of citizens as expressed during the public consultation. In the case of a public hearing, the BAPE also informs the Minister of its findings and its analysis in regard to the project concerned. The BAPE may also receive other types of mandates involving either a public inquiry mandate or a mediation process
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 95,325,755 million shares outstanding.
(1) Cautionary Statements: Operating cost estimates have been developed by Arianne utilizing internal and skilled third party resources and are dependent on agreement with government and statutory authorities and vendors which have not all yet been completed . They are therefore not 43-101 compliant at this time.
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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.