Name of the Project
Lac à Paul phosphate project.

Location
The project is located in Quebec, Canada.

Client
Arianne Phosphate.

Project Description
The project envisages an openpit mine with a 26-year mine life; a concentrator producing an estimated three-million tonnes a year of high-quality apatite concentrate, with a grade of 38.6% phosphorous pentoxide and average mill recovery of 90%; and a transport system delivering the product year round to a deep-water port on the Saguenay river.

Jobs to be Created
Not stated.

Net Present Value/Internal Rate of Return
The feasibility study on the project completed in October 2013 estimated the net present value, at an 8% discount rate, of $1.9-billion and an internal rate of return of 20.7%, with a capital payback of 4.4 years before taxes and mining duties.

Value
The initial capital cost of the project is estimated at $1.22-billion, comprising $982.5-million for the mine and $232.2-million for the concentrate transport system.

Duration
Not stated.

Latest Developments
The Lac à Paul phosphate project has received approval from the government of Quebec.

The Ministerial decree represents the most significant milestone to date for the project, Ariane can now proceed with the development of the mine, specifically the financing of construction.

The company believes that the granting of the Ministerial decree is an important step in the process and will continue its ongoing discussions with potential corporate, strategic and financial partners. 

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Arianne Phosphate, tel +1 418 549 7316, fax +1 418 549 5750 or email info@arianne-inc.com.