Arianne Resources Inc (“Arianne” or the “Company”), through its Chief Executive Officer, Mr. Bernard Lapointe, would like to express its satisfaction regarding the public’s involvement in the development of the Lac à Paul mining project located 170 km from St-Ludger-de-Milot, north of Saguenay-Lac-St-Jean. Nearly 90 people took part in the second round of public consultation meetings for the project, held on December 6 and 7 in the communities of Dolbeau-Mistassini and Saguenay in the Jonquière district. “The public meetings were very productive and will help us improve our environmental and social impact study”, commented Mr. Lapointe. Last June, Arianne announced it would keep the public informed about the findings of its Pre-Feasibility Study. This study has now concluded that the Lac à Paul Project, which would produce apatite (phosphorous) concentrate, is an economically viable world-class mining project.
Arianne’s public consultation process is jointly managed by the Eco-Council of the University of Quebec in Chicoutimi as part of a research project on a participative involvement process in line with the Company’s sustainable development policy. As part of its efforts towards the responsible development of the Lac à Paul Project, Arianne will continue to consult with all people and groups interested or affected by the project in any way, and these consultations will take place during all phases of the project.
“The discussion forum during the public meetings on December 6 and 7 proved to be a great brainstorming session, providing many positive suggestions for improving the project’s social, environmental and economic aspects so that we may work in harmony with those who live in the area and incorporate the best practices of sustainable development”, explained Mr. Lapointe. The project is scheduled to enter the next phase, the Feasibility Study, in 2012.
Arianne’s Lac à Paul Project aims to mine two apatite deposits on the Lac à Paul property of the Chute des Passes area, north of Saguenay-Lac-Saint-Jean. The project would require an initial investment of about $650 million, creating 340 direct jobs during the mining phase and more than 400 jobs during construction. The mining project would also contribute substantially to local and regional economic development, in addition to creating about 400 indirect jobs and establishing the procurement of goods and services in the Saguenay-Lac-Saint-Jean region throughout the life of the mine.