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Arianne Phosphate Inc
Symbol DAN
Shares Issued 113,158,350
Close 2020-04-08 C$ 0.19
Market Cap C$ 21,500,087
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Arianne creates lighter design for trailer trucks

2020-04-08 08:44 ET - News Release

Mr. Jean-Sebastien David reports

ARIANNE PHOSPHATE RECEIVES FINAL REPORT ON ITS TRUCK TRANSPORT OF PHOSPHATE CONCENTRATE

Arianne Phosphate Inc. has provided an update regarding its work on the Lac a Paul project's transportation logistics.

As per the company's previously announced agreement surrounding trailer truck optimization (see press releases of March 6, 2018, and July 25, 2019), Arianne has partnered with several parties to look at greater integration of aluminum into the truck trailer design. Through this continued collaboration, the parties were able to optimize a truck-trailer design that lowered the weight of the trailer without compromising the structural integrity. So, as of the final report recently received by Arianne from its partners, this new design will now allow for a payload of 150 million tonnes as opposed to the original 120 Mt of phosphate concentrate providing for greater economies of scale. This increased payload per run will both improve the company's profitability as it lowers its free-on-board cost at port and reduces its environmental footprint as Arianne will require fewer trucks to haul the same annual output.

"This is an excellent outcome for our company," said Jean-Sebastien David, chief operating officer of Arianne Phosphate. "One of our stated goals was to continue to optimize the project, which this initiative has done. Already projected to be one of the lowest cash-cost producers of high-purity phosphate concentrate, this will move us even lower while reducing our environmental impact; it is a win-win."

COVID-19

Additionally, Arianne wants to provide an update with regard to its operations in light of the COVID-19 outbreak. As per the directives issued by the government of Quebec, the company's offices are temporarily closed and its staff is working from home. Much of the work that was currently under way is being done remotely with limited negative impact. "It is in the interest of safety to both the employees and the community that we are taking these steps," added Brian Ostroff, chief executive officer of Arianne Phosphate. "Our work continues unabated as we look to move our project towards development. The world will continue to require growing amounts of phosphate and these events will continue to put an emphasis on the food chain and its security of supply."

Qualified person

Jean-Sebastien David, PGeo, qualified person by National Instrument 43-101, has approved this release. Mr. David is also the company's chief operating officer.

About Arianne Phosphate Inc.

Arianne Phosphate is developing the Lac a Paul phosphate deposits located approximately 200 kilometres north of the Saguenay/Lac St. Jean area of Quebec, Canada.

We seek Safe Harbor.

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