{"id":2874,"date":"2015-04-06T23:18:00","date_gmt":"2015-04-06T23:18:00","guid":{"rendered":"https:\/\/www.arianne-inc.com\/?post_type=news&#038;p=2119"},"modified":"2022-03-30T23:27:01","modified_gmt":"2022-03-30T23:27:01","slug":"arianne-phosphate-reports-financial-results-for-q4-and-ye-2014","status":"publish","type":"post","link":"https:\/\/itremma.com\/arianne\/arianne-phosphate-reports-financial-results-for-q4-and-ye-2014\/","title":{"rendered":"<strong>ARIANNE PHOSPHATE REPORTS FINANCIAL RESULTS FOR Q4 AND YE 2014&nbsp;<\/strong>"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>SAGUENAY, QUEBEC &#8211; (April 6, 2015) &#8211; Arianne Phosphate (the \u201cCompany\u201d or \u201cArianne\u201d) (TSX VENTURE: DAN) (FRANKFURT: JE9N) (OTCBB: DRRSF)<\/strong>, a development-stage phosphate mining company, advancing the Lac \u00e0 Paul project in Quebec\u2019s Saguenay-Lac-Saint-Jean region, reported its financial results for the three- and 12-month periods ended December 31, 2014. All amounts are in Canadian dollars unless noted.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>2014 Financial and Operational Highlights&nbsp;<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Optimized its operating production process that will result in costs savings of US$3.91 per tonne of phos-rock concentrate or approximately US$280 million over Lac \u00e0 Paul\u2019s expected 26-year life of mine due to the elimination of two reagents;\u00a0<\/li><li>Strengthened its leadership team through the appointment of Pierre Fitzgibbon, as Executive Chairman of the Board of Directors<strong>, <\/strong>Dominique Bouchard as Vice-Chairman of the Board of Directors, Jean-Sebastien David as Chief Operating Officer and Dino Fuoco as Chief Financial Officer;\u00a0<\/li><li>Announced the closing of an $8 million private placement financing that included a $2 million investment from the Qu\u00e9bec Government through Ressources Qu\u00e9bec, a subsidiary of Investissement-Qu\u00e9bec;\u00a0<\/li><li>Increased its resources at the measured and indicated categories by 13% to 688 million tonnes at a grade of 7.01% at the Paul Zone of the Lac \u00e0 Paul project; and\u00a0<\/li><li>Determined the location of the deep-water port on the Saguenay River that will be used for the\u00a0 shipment of its phosphate concentrate to clients.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Highlights Subsequent to Year-end&nbsp;<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>\u2022 Presented the environmental impact assessment and economic benefits related to its Lac \u00e0 Paul project to the Bureau d\u2019audiences publiques sur l\u2019environnement (\u201cBAPE\u201d), an independent agency, in February 2015, marking the start of Arianne\u2019s public information and consultation process aimed at securing environmental permitting;\u00a0<\/li><li>Successfully completed a customer trial program that produced a phosphate concentrate with a superior grade and lower contaminants than previously ever achieved by the company; and <\/li><li>Announced a reduction in estimated operating production costs of US$4.26 per tonne or a cost savings of almost 5% from the company\u2019s original Feasibility Study (FS). The cost reduction is expected to result in annual savings of approximately US$12.75 million, or close to US$330 million. over the planned 26-year life of mine. According to Arianne\u2019s FS filed in October 2013, the Company initially projected an FOB Port of Saguenay cost of US$93.70 per ton for its premium quality 39% P2O5 concentrate.\u00a0<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cArianne has developed considerable momentum over the past 12 months,\u201d said Jean-Sebastien David, Chief Operating Officer of Ariane Phosphate. \u201cMost significantly, we strengthened the economics of our Lac \u00e0 Paul project,&nbsp; attracted the Quebec government as a strategic investor and started the permitting process that, upon successful completion, will serve as a major catalyst for our company. Combined, these developments further underscore the value of Lac \u00e0 Paul and its potential to provide customers in the food and agiculuture sectors with surety of supply.<strong>\u201d&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Financial Summary&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Arianne is a development-stage company and, as such, did not generate revenue or positive cash flow in 2014. In the fourth quarter and full- year periods ended December 31, 2014, the Company incurred respective net losses of $1.4M and $5.6M, compared to $1.1M and $6.4M in the comparable periods in 2013. The Company\u2019s net loss and cash burn are consistent with other development stage mining companies.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The net loss for the fourth quarter 2014 includes $196,260 in share-based compensation expense, down from $212,829 in Q4 2014. The Company also realized a gain on the disposition of mining property of $197,000 in Q4 2014 (nil in 2013).&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Liquidity&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At December 31 2014, the Company had $3.8M cash on hand that will be allocated towards general working capital and advancing development of Lac \u00e0 Paul in 2015. Based on current spending estimates for future project development, Arianne anticipates it will need additional financing before the end of 2015.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Outlook&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In 2015, Arianne will be focused on the ongoing advancement of its Lac <strong>\u00e0 <\/strong>Paul Project. Expected milestones in 2015 include:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Additional optimization of operating and capital expenses;\u00a0<\/li><li>Signing \u201cagreements in principle\u201d with First Nations to proceed with development of the Lac <strong>\u00e0 <\/strong>Paul\u00a0 Project;\u00a0<\/li><li>Securing environmental permitting from appropriate government agencies; and <\/li><li>Securing strategic partners and financing.\u00a0<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Arianne\u2019s Management Discussion and Analysis and Financial Statements for the three- and twelve-month periods ended December 31, 2014 are available on the Company\u2019s website and on SEDAR at www.sedar.com.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Qualified Person&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Jean-S\u00e9bastien David, P.Geo., Qualified Person by NI 43-101, has approved this release. Mr. David is also the Company\u2019s Chief Operating Officer.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>About Arianne Phosphate&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Arianne Phosphate (\u201cArianne Phosphate Inc.\u201d) (<a href=\"http:\/\/www.arianne-inc.com\" data-type=\"URL\" data-id=\"www.arianne-inc.com\" target=\"_blank\" rel=\"noreferrer noopener\">www.arianne-inc.com<\/a>) is developing the Lac \u00e0 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% P<sub>2<\/sub>O<sub>5 <\/sub>with little or no contaminants. The Company has 95,325,755 million shares outstanding.\u00a0<\/p>\n\n\n\n<p class=\"has-text-align-center has-small-font-size wp-block-paragraph\"><em>Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.&nbsp;<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Contact Information:&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Source: Jean-S\u00e9bastien David, C.O.O. Tel. : 418-549-7316 <a href=\"mailto:j.s.david@arianne-inc.com\">j.s.david@arianne-inc.com<\/a> <\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Info: Dino Fuoco, C.F.O. Tel. : 514-945-9313 <a href=\"mailto:dino.fuoco@arianne-inc.com\">dino.fuoco@arianne-inc.com<\/a> <\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Joe Racanelli Tel. : 416-815-0700, 243 <a href=\"mailto:jracanelli@tmxequicom.com\">jracanelli@tmxequicom.com<\/a> <\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Medias: Karyna Tremblay, Community\u00a0Relations Coordinator Tel.: 418-549-7316 <a href=\"mailto:karyna.tremblay@arianne-inc.com\">karyna.tremblay@arianne-inc.com<\/a>\u00a0<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Follow Arianne on:&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Facebook: <a href=\"https:\/\/www.facebook.com\/ariannephosphate\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.facebook.com\/ariannephosphate<\/a>&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Twitter: <a href=\"http:\/\/twitter.com\/arianne_dan\" target=\"_blank\" rel=\"noreferrer noopener\">http:\/\/twitter.com\/arianne_dan<\/a>&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">YouTube: <a href=\"http:\/\/www.youtube.com\/user\/ArianneResources\" target=\"_blank\" rel=\"noreferrer noopener\">http:\/\/www.youtube.com\/user\/ArianneResources<\/a>&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Flickr: <a href=\"http:\/\/www.flickr.com\/photos\/arianneresources\" target=\"_blank\" rel=\"noreferrer noopener\">http:\/\/www.flickr.com\/photos\/arianneresources<\/a>&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Resource Investing News: <a href=\"http:\/\/resourceinvestingnews.com\/?s=Arianne\" target=\"_blank\" rel=\"noreferrer noopener\">http:\/\/resourceinvestingnews.com\/?s=Arianne<\/a>\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Forward Looking Statements and Information&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"has-small-font-size wp-block-paragraph\"><em>This news release contains \u201cforward-looking statements\u201d and \u201cforward-looking information\u201d within the meaning of applicable securities regulations in Canada and the United States (collectively, \u201cforward-looking information\u201d). 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 \u201cplans\u201d, \u201cexpects, \u201cis expected\u201d, \u201cbudget\u201d, \u201cscheduled\u201d, \u201cestimates\u201d, forecasts\u201d, \u201cintends\u201d, \u201canticipates\u201d, or \u201cbelieves\u201d, or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results \u201cmay\u201d, \u201ccould\u201d, \u201cwould\u201d, \u201cmight\u201d, or \u201cwill\u201d 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.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SAGUENAY, QUEBEC &#8211; (April 6, 2015) &#8211; Arianne Phosphate (the \u201cCompany\u201d or \u201cArianne\u201d) (TSX VENTURE: DAN) (FRANKFURT: JE9N) (OTCBB: DRRSF), a development-stage phosphate mining company, advancing the Lac \u00e0 Paul project in Quebec\u2019s Saguenay-Lac-Saint-Jean region, reported its financial results for the three- and 12-month periods ended December 31, 2014. All amounts are in Canadian dollars [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[],"tags":[],"class_list":["post-2874","post","type-post","status-publish","format-standard","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/itremma.com\/arianne\/wp-json\/wp\/v2\/posts\/2874","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itremma.com\/arianne\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itremma.com\/arianne\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itremma.com\/arianne\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/itremma.com\/arianne\/wp-json\/wp\/v2\/comments?post=2874"}],"version-history":[{"count":0,"href":"https:\/\/itremma.com\/arianne\/wp-json\/wp\/v2\/posts\/2874\/revisions"}],"wp:attachment":[{"href":"https:\/\/itremma.com\/arianne\/wp-json\/wp\/v2\/media?parent=2874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itremma.com\/arianne\/wp-json\/wp\/v2\/categories?post=2874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itremma.com\/arianne\/wp-json\/wp\/v2\/tags?post=2874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}