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Arianne Phosphate Inc.

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  393 rue Racine East, suite 200
Chicoutimi, Québec
Canada G7H 1T2
Tel No.: (418) 549-7316
Fax No.: (418) 549-5750
Toll Free No.: 1-855-549-7316
Web Site: www.arianne-inc.com
E-mail: info@arianne-inc.com
Contact Person: Brian Ostroff
(514) 908-4202
brian.ostroff@arianne-inc.com
Position: Chief Executive Officer


Company Data

Traded Market: TSX-V / OTC (US)
Traded Symbol: DAN / DRRSF
Outstanding Shares: Approx. 103 million
52 Week High: $ 0.97
52 Week Low: $ 0.60
Present Price: Click Here


Introduction

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Arianne Phosphate Inc. is a Canadian mineral exploration company now focused on developing its Lac à Paul phosphate project into a major phosphate rock producer.

Arianne's Lac à Paul project is the world's largest greenfield phosphate rock project, located in Québec, Canada. The Lac à Paul project consists of several mineralized zones. The Lac à Paul deposits will produce a high quality igneous apatite concentrate grading 39% P2O5 with little or no contaminants. Lac à Paul will provide supply security to key markets within North America and Europe.

The Company's Management and Board are comprised of professionals from the mining and fertilizer industries, having significant experience with North and South American and international projects.


PHOSPHATE INDUSTRY

  • 85% of all mines producing are vertically integrated; owned by fertilizer companies
  • Bottom line: if you don't own your own phosphate, your fertilizer operations will have trouble being profitable
  • In North America, Agrium, Potash Corp. and Mosaic all import rock
  • Arianne's Lac à Paul is projected to be the only independent (non-integrated) large scale development coming onstream in the next few years
  • All producers of specialty phosphate (food grade), such as Innophos, need to purchase higher purity rock

PHOSPHATE DEMAND

  • Most of the world runs a deficit for phosphate rock supply
  • North America, South America, Western Europe, much of Asia must import phosphate
  • North American deficit will increase significantly in the next 5 years as supply diminishes through depleted resources and demand continues to grow
  • North America currently runs a deficit of roughly 4 million tons; Agrium, Potash Corp and Mosaic all import
  • Demand for phosphate is currently growing at roughly 2% annually (3% in food grade); growth is 4-6M tons/year
  • New supply will be required by 2021 as the global deficit exceeds current supply

PHOSPHATE SUPPLY

  • Most of the world's deficit is sourced from MENA-Middle East/North Africa
  • Morocco is by far the largest player in the world export market of phosphate rock
  • Recent events (ship seizures) show risk associated with phosphate rock that comes from the disputed territory of Western Sahara
  • Security of supply is a major issue as countries such as Syria and Tunisia have seen their production drastically fall
  • Most new supply will come from MENA and will be integrated, therefore not available as rock, just finished product
  • Arianne's project 3M tons/year is largest independent development worldwide

LAC À PAUL PHOSPHATE PROJECT, QUÉBEC, CANADA

  • The Lac à Paul Phosphate Project is located 2.5 hours north of Chicoutimi, approximately 200 km north of the town of Saguenay in the Saguenay-Lac-St-Jean region of Quebec, Canada.
  • Infrastructure in place, an important feature which could allow for low transportation costs and operating costs; Hydro dam for power (life of mine supply already secured), oversized roads already in place, Port of Saguenay already operating a deep-water port (loading facility on north shore to be constructed)
  • Deposit is Igneous: makes the highest purity concentrate (40% P2O5) available, free of deleterious elements such as heavy metals and radioactive elements
  • In late 2017, the European Union approved legislation that will limit the level of cadmium allowed in the phosphate imported into the EU; this will drive greater demand for high purity phosphate such as Arianne's
  • Arianne's high-purity phosphate rock will sell at substantial premiums above benchmark Moroccan
  • Arianne's asset is the world's largest greenfield phosphate asset; over 1 Billion tons including inferred (additional tonnage drilled since BFS should extend the 26 year LOM)
  • Ability to grow asset beyond 50 years
    • Drilling surrounding the Paul Zone has shown the potential of an additional 260Mt to 390 Mt
      • Nicole Zone 78 million tons Inferred (5.3% P2O5)
      • Drilling on the Western extension of the Paul Zone extends 1.1 km West
        • Many of the holes showed intersections above 7% P2O5
      • TraMan Zone 146 million tons Inferred (5.3% P2O5)
  • Arianne's Feasibility Study showed a US$1.9 Billion NPV; trades less than 4% of this amount ($70M market cap)
  • Projected gross profits of roughly $300M/year at current phosphate prices

TIMELINE / MILESTONES

  • Arianne completes its Bankable Feasibility Study in October 2013; the study draws the attention of most global fertilizer companies and industry participants
    • The BFS outlines an open pit mine, a concentrator producing a high quality apatite product and a transport system delivering the product to a year round deep water port on the Saguenay River.
  • Ongoing work to optimize the project increases the size of the deposit (over 1.1 billion tonnes including inferred) and reduces operating cost (US$79/tonne FOB for 39% concentrate); compares very favorably to most global operations
  • Project has broad-based support; Quebec Government is an investor
  • Project will provide $12.5 billion in economic benefit to the region, $1 billion in employment revenue, substantial tax revenue
  • First Nations Collaboration Agreement signed in 2015
  • Government permits have been received
  • Arianne through 2017 has signed numerous partners for various aspects of the project (some include commitment to assist in financing)
  • Final Information Memorandum completed late October 2017
  • Independent Engineers reviewed all aspects of the project (mine plan, metallurgy, processing, transport, environmental, CapEx)
  • Independent Engineers completed full review; project received high marks
  • Independent global phosphate market study commissioned; Arianne is projected to be amongst the lowest cash-cost producers in the world
  • Discussions now underway with lenders (Banks, ECAs, equipment finance), offtakers and equity players
  • NDAs in place with financiers and industry players

Investment Highlights

  • World's largest greenfield phosphate rock deposit
    • 830Mt of Measured and Indicated resource
    • Drilling has grown Inferred resource (over 1 billion tons)
  • Very long life of mine
    • Currently at 26 years with the stated goal of demonstrating 50 years
  • Produce a very high quality phosphate concentrate
    • 40% P2O5 concentrate (providing premium pricing)
    • Minimal deleterious elements
  • Safe geopolitical environment
    • Mining friendly with strong local community support
    • Mine permit in hand
    • North America has a growing reliance on foreign rock
    • Infrastructure in place
    • Cooperation agreement with the First Nations
  • Strong government support
    • Largest Quebec mining project in a decade
    • $12.5B in economic benefit to the region
  • Cost Schedule Certainty Execution Plan (Shovel Ready)


Management

Management and Directors

Brian Ostroff, Chief Executive Officer and Director

Mr. Ostroff has more than 25 years experience in capital markets. Previously held positions with RBC and Goodrich Capital, was Managing Director of Windermere Capital. His area of focus is the junior and mid tier mining sector. Mr. Ostroff has sat on Arianne Phosphate's board since 2014.

Jean-Sébastien David, Chief Operation Officer

Born in the Saguenay–Lac-St-Jean area, Mr. David is a geologist, was the former Vice-President Sustainable Development at Osisko Mining Corporation. He has held various positions in mining operations, forestry, environmental and project development for Iamgold, Cambior and Louisiana-Pacific. He has a B.Sc. in Geology and a Masters Degree in Project Management.

James Cowley, Chief Financial Officer and Director

Mr. Cowley is a Metallurgical Engineer with an MBA in Finance. Mr. Cowley has more than 35 years experience in business development, finance, marketing and metallurgical engineering. He has worked in various roles for companies such as Exxon, Climax Molybdenum, Bond International Gold and Rio Tinto. He is currently a full time consultant and employee of Ocean Partners USA.

Daniel Boulianne, Vice President Exploration and First Nations Relations

Mr. Boulianne holds a Bachelor's degree in geological engineering. He has more than twenty-five years experience in mineral exploration geology, working in Quebec, Ontario, West Africa and in French Guiana.

Dominique Bouchard, Executive Chairman

Dave DeBiasio, Director

Marco Gagnon, Director

Siva Pillay, Director

Steven Pinney, Director

Claude Lafleur, Director


News Update

On September 25, 2018, Arianne Phosphate Inc. announced that it has formally executed its first offtake agreement. Under the terms of the agreement, the buyer has entered into a long-term contract to purchase Arianne's high-purity phosphate concentrate which will be shipped to the buyer's processing plant for further processing into downstream phosphate products. The offtake agreement also has a mechanism whereby it can be extended beyond the initial contract period and applies pricing that accounts for the high quality of Arianne's concentrate.

On August 30, 2018, Arianne Phosphate Inc. announced that it has appointed Claude Lafleur to the Company's board of directors. Mr. Lafleur brings with him extensive experience in the agribusiness field, having served in senior management positions with several companies.

On August 9, 2018, Arianne Phosphate Inc. announced that it has partnered with the Province of New Brunswick to further its review of constructing a phosphoric acid plant in Belledune, N.B. As part of this agreement, the government, through Opportunities New Brunswick (ONB), will provide a financial contribution toward the cost of a prefeasibility study, the next step in Arianne's assessment of its downstream opportunity.

On August 1, 2018, Arianne Phosphate Inc. announced that it is continuing its initial in-house review regarding the construction of a downstream phosphoric acid facility and, in conjunction with this review, the Company has entered into a memorandum of understanding (MoU) for the supply of sulphuric acid.

On April 3, 2018, Arianne Phosphate Inc. announced that it has received a grant of $1.5-million from the Ministry of Energy and Natural Resources of Quebec. This funding has been provided as part of the government's plan to help advance the Quebec phosphate (apatite) sector. Arianne will be using this funding in support of its previously announced (see press release dated Nov. 8, 2017) program to produce additional high-purity phosphate concentrate to fulfill demand from potential customers and, to conduct further pilot-scale tests.

On March 6, 2018, Arianne Phosphate Inc. announced that it has started research and development work to integrate aluminum in the design of the trailer that will transport the phosphate concentrate from the Lac a Paul mine to the deepwater port that will be located in Sainte-Rose-du-Nord.

On January 19, 2018, Arianne Phosphate Inc. announced that it has extended the term of 1,217,500 common share purchase warrants issued as part of a private placement which closed on July 29, 2013, for gross proceeds of $2,678,500. Each of the warrants, which were part of the units being issued, entitles its holder to purchase one common share of Arianne at an exercise price of $1.45 per common share until Jan. 27, 2018. Arianne has elected to extend the expiry date of the warrants to July 27, 2018. No other warrant terms are amended.

On January 2, 2018, Arianne Phosphate Inc. announced that it has closed on a private placement financing for gross proceeds of $1,915,219. The majority of the financing was subscribed for by current shareholders of Arianne and included the participation of all of the Company's board of directors and several members of the management team. Under the terms of the offering, the Company issued 3,040,030 units at a price of 63 cents per unit.


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