Resources D’Arianne (“Arianne” or the “Company”) announces two public meetings will be held with the citizens of the Saguenay-Lake-Sain-Jean region. The first will be held at 6:00 PM December 6 at the Motel Falls of the Fathers in Dolbeau-Mistassini. The second meeting will held at at 6:00 PM December 7 at the Holiday Hotel in the Jonquiere district of Saguenay.
The primary purpose of the meetings will be to inform the public on the results of a Pre-Feasibility Study of the Lac a’Paul phosphate mining project (the “Project”), which now conclude that the apatite deposit in the Saguenay-Lake-Saint Jean is world-class. These meetings represent a continuation of the participative involvement process developed as part of Arianne’s Policy of Sustainable Development. This process is also part of a research project, jointly managed with the Eco-Council of the University of Quebec in Chicoutimi, to consult with all people and groups concerned with the development of the Project.
Mr. Bernard Lapointe, Chief Executive Officer of Arianne, will present an update on the Project. His presentation will be followed by a workshop moderated by the Eco-council of UQAC.
The Lac à Paul Phosphate Project is being developed in the Chutes des Passes area in the northern area of the Saguenay-Lake-Saint-Jean region. The Pre-Feasibility Study envisions an initial investment of $650 million, creating 340 direct jobs and as many as 400 indirect jobs over a 25-year mine life, and contributing substantially to the economic development of the local municipalities and the region.