QUEBEC – Arianne Phosphate of Saguenay, QC, has received provincial approval for the development of the $1.2 billion Lac a Paul phosphate-titanium project 200 km north of Saguenay-Lac-St-Jean.
Arianne now seeks financing for construction, and it is in discussions with potential corporate, strategic and financial partners.
The Lac a Paul project is contemplated as an open pit mine and mill with a 26-year mine life from the Paul zone and an additional eight years from the Manouane zone. The Paul zone has measured and indicated resources of 702.7 million tonnes grading 7.16% P2O5 and 7.71% TiO2, and inferred resources of 17.0 million tonnes at 5.98% P2O5 and 6.39% TiO2. The Manouane zone contains 163.8 million measured and indicated tonnes at 5.34% P2O5. Resources have also been estimated for several other zones.
More information is posted at Arianne-Inc.com.