Canada Arianne Phosphate raises deposit estimate at project

15 May 2014 22:13 Source:ICIS News

HOUSTON (ICIS)--Arianne Phosphate is adding 78m tonnes of inferred phosphate deposits to the Lac a Paul project in Canada, the fertilizer company announced on Thursday.

In addition, the company said it has now identified a new potential target zone within the site that could contain 260m-390m tonnes of deposits.

The company said that the project has proven reserves of 472m tonnes of phosphate ore already established. If the additional resources are extractable, it could be significant in terms of extra value to the project operations.

The Quebec-based company’s flagship project is the Lac a Paul site, where studies have shown a minimum mine life of 25.75 years. Production could start in 2017.

By Mark Milam