The Conversation (0)
Ressources d’Arianne Inc. (TSXV:DAN) announced the initial findings of the Lac-à-Paul phosphate prefeasibility study conducted by Met-Chem Canada Inc.
As quoted in the press release:
Highlights of the Prefeasibility Study ($US):
- Measured & Indicated resources quadruple to 348 million tonnes of 6.50% P2O5
- Additional Inferred resources of 114 million tonnes at 5.46% P2O5 are not included in the Study
- Combined Paul and Manouane proven and probable Mineral Reserves now total 307 Mt at an average grade of 6.59% P2O5 at an average stripping ratio of 0.83 (Cut-off grade of 2.43% P2O5)
- Annual production to average 2 million tonnes of 38% P2O5 apatite concentrate
- 25 year mine life at 33,000 tonnes/day with average mill recovery of 89%
- Average price of $175/tonne (comparable to 85 BPL FOB Russia which is currently sold at $223/tonne)
- Cash operating cost $98/tonne concentrate (FOB rail Dolbeau-Mistassini))
- Total Direct CAPEX Cost: $454 M
- Indirect CAPEX Cost: $121 M and Contingency: $74 M
- Total Initial CAPEX: $649 M
- Pre-tax IRR: 19.2%
- Pre-tax NPV 8%: $684 M
- Pre-tax Capital payback: 4.7 years
Ressources d’Arianne Inc. CEO, Bernard Lapointe, said:
“The all-in cost (CAPEX plus OPEX) estimate of $118 per tonne demonstrates that Lac a Paul is a world-class phosphate rock project with robust economics. The Study also confirms that, due to the significant increase in ore resources, a 3 million tonne/year P2O5 concentrate operation could further enhance project economics by as much as 50%. “
Click here to read the Ressources d’Arianne Inc. (TSXV:DAN) press release
Click here to see the Ressources d’Arianne Inc. (TSXV:DAN) profile.