Arianne Phosphate Identifies Significant Cost Savings at Lac à Paul

Arianne Phosphate Inc. (TSXV:DAN) announced that it has identified cost savings of US$4.26 per ton for phosphate concentrate production at its Lac à Paul project in Quebec.

As quoted in the press release:

According to Arianne’s Feasibility Study (‘FS’) filed in October 2013, the Company initially projected an FOB Port of Saguenay cost of US$93.60 per ton for its premium quality 39% P2O5 concentrate. The reduction of US$4.26 per ton represents a cost savings of almost 5% and, according to the Company’s FS, should result in annual savings of roughly US$12.75 million, or close to US$330 million over the planned 26 year life of mine.

Jean-Sébastien David, COO of Arianne Phosphate, stated:

This significant reduction in our mining costs strengthens the economics of our project and moves us even lower on the cost-curve, improving our competitive advantage. Lac-à-Paul is the world’s largest greenfield phosphate rock project and will produce one of the highest purity concentrates commercially available. These cost improvements will save hundreds of millions of dollars over the life of mine, and make our project even more attractive.

Click here for the full Arianne Phosphate (TSXV:DAN) press release