{"id":2878,"date":"2015-05-28T23:54:00","date_gmt":"2015-05-28T23:54:00","guid":{"rendered":"https:\/\/www.arianne-inc.com\/?post_type=news&#038;p=2122"},"modified":"2022-03-31T00:04:17","modified_gmt":"2022-03-31T00:04:17","slug":"arianne-phosphate-reports-corporate-and-financial-results-for-first-quarter-2015","status":"publish","type":"post","link":"https:\/\/itremma.com\/arianne\/arianne-phosphate-reports-corporate-and-financial-results-for-first-quarter-2015\/","title":{"rendered":"ARIANNE PHOSPHATE REPORTS CORPORATE AND FINANCIAL RESULTS FOR FIRST QUARTER 2015"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>SAGUENAY, QUEBEC &#8211; (May 28, 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- month periods ended March 31, 2015. All amounts are in Canadian dollars unless noted.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe Lac \u00e0 Paul project was further improved by many positive developments over the first quarter of this year, which continued to strengthen the viability of our project both on an economic and social level,\u201d said Jean-S\u00e9bastien David, Arianne Phosphate\u2019s COO. \u201cMuch of our progress centered on increasing the quality and quantity of our resource, as well as lowering the anticipated costs associated with operating the mine. We are proud of the advancements made throughout the first quarter of 2015 and we are confident that this world class project will get its required authorizations for construction next fall.\u201d\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Q1 2015 Financial and Operational Highlights&nbsp;<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The Company announced a reduction of its operational estimated production cost of US$4.26 per ton representing a cost savings of almost 5% from the original Feasibility Study (FS). This should result in annual savings of approximately US$12.75 million, or close to US$330 million over the planned 26-year mine life. 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><li>Through exploration activities completed in 2014, Arianne has identified new measured and indicated resources on the Paul Eastern Extension. Arianne\u2019s updated resource estimate now shows a 5% increase in measured and indicated resources (702.7 million tonnes vs. 668.7 million tonnes) over its previously announced resources released on October 14, 2014.\u00a0<\/li><li>The Company announced that it has 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. The customer trial produced 1.2 tonnes of phosphate concentrate with a grade of 40.0% of P205 and 0.03% of contaminants. The results surpass previous metallurgical test work that had produced a P205 concentrate of 38.8% with 0.089% of contaminants.\u00a0<\/li><li>The first public information meeting regarding the BAPE was held on February 18, 2015 in the city of Saguenay.\u00a0 This is an essential and vital process in order for the Company to secure its operating permit. The Bureau is a\u00a0 neutral and independent organization that reports to the Minist\u00e8re du D\u00e9veloppement durable, Environnement\u00a0 et Lutte contre les changements climatiques (MDDELCC or Minister), Government of Qu\u00e9bec. The role of the\u00a0 BAPE is to make enquiries and to consult the public in order to provide informed input that will assist in government decision making with a sustainable development perspective.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Post Q1 2015 Highlights&nbsp;<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The Company has, over the last months, prepared and delivered an environmental impact study which was deemed having been completed by the Minister. The Minister has subsequently entrusted the BAPE with a first mandate (ie. holding a public information and consultation period). The impact study and other documents relating to the project have been made available to the general public. This was followed, from April 27 to April\u00a0 29, 2015, by an initial information session for citizens from the community to ask questions relating to the project. Briefs can now be submitted in writing to the BAPE. The second information session hosted by the BAPE\u00a0 took place on May 26, 2015. Once the public hearings are over, the BAPE will draft its report and submit it to the MDDELCC who will then submit its recommendations to the Government of Qu\u00e9bec which is responsible for making the final decision to authorize the project. The Company remains confident that it will be granted its operating permit in Q3, 2015.\u00a0<\/li><\/ul>\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 Q1 2015.In the first quarter ended March 31, 2015, the Company incurred a net loss of $891,200, compared to $1,405,963 in the comparable period in 2014. 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 decrease in the net loss and the operating loss between the first quarter 2014 and 2015 is explained by the fact that the Company is actually focused of the process of the BAPE to obtain permitting which will lead to the construction and operation of the Lac a Paul mine.&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 March 31 2015, the Company had $2.6M cash on hand that will be allocated towards general working capital and advancing the 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 \u00e0 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 \u00e0 Paul Project; <\/li><li>Securing environmental permitting from appropriate government agencies; and\u00a0<\/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-month period ended March 31, 2015 is 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><\/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>&nbsp;<\/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 newsrelease is made as of the date of this newsrelease. Except asrequired 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; (May 28, 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- month periods ended March 31, 2015. All amounts are in Canadian dollars unless [&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-2878","post","type-post","status-publish","format-standard","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/itremma.com\/arianne\/wp-json\/wp\/v2\/posts\/2878","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=2878"}],"version-history":[{"count":0,"href":"https:\/\/itremma.com\/arianne\/wp-json\/wp\/v2\/posts\/2878\/revisions"}],"wp:attachment":[{"href":"https:\/\/itremma.com\/arianne\/wp-json\/wp\/v2\/media?parent=2878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itremma.com\/arianne\/wp-json\/wp\/v2\/categories?post=2878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itremma.com\/arianne\/wp-json\/wp\/v2\/tags?post=2878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}