Arianne Resources Inc.(TSXV:DAN) announced that SEDAR filed the Company’s previously announced Prefeasibility Study.
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)
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