Arianne Phosphate (TSXV:DAN) has provided its corporate update for the year.
Brian Ostroff, CEO of the company, said:
Bringing the Lac à Paul project into production requires many aspects to come together. Having received our permit almost a year ago, we have been busy discussing and planning the integration of the many aspects required. The successful implementation of this work requires the selection of key suppliers, finalizing the engineering, finding customers and, of course, raising the necessary funding, all of which we believe we have made significant progress towards. As 2016 comes to an end, we want to keep our investors, First Nations, stakeholders and followers appraised of our activities to date and set some milestones for the New Year.
As quoted in the press release:
Selection of Key Suppliers
Throughout the year, Arianne has worked very closely with key potential suppliers for both technologies and services that will be required to construct the Lac à Paul mine. This process is well advanced and the Company believes that it will be in a position to make some of these announcements early in the coming year. These discussions have been very detailed and, aside from providing an assessment of potential suppliers, Arianne believes that it should provide for both cost and scheduling certainty for the project. As well, aside from the technical aspects, discussions with potential suppliers also focused on the necessity of chosen suppliers to have a workable financing plan in place, either through themselves or financial institutions.
Continued Project Optimization
Since Arianne released its Bankable Feasibility Study back in 2013, the Company has systematically been able to advance and improve its Lac à Paul project, bringing down its anticipated operating costs. One of the many major benefits to the process undertaken with suppliers over the past year has been the generation of many new concepts on how to better optimize the project. The detailed look through every aspect of the project; construction, mining, processing, transport and financing has yielded many ideas on how the project can continue to improve well beyond what has been accomplished to date. Arianne believes that it can be one of the lowest cash cost producers of high purity phosphate concentrate.