Arianne Resources Inc. (TSXV:DAN,FWB:JE9N,OTCBB:DRRSF) announced the filing of its annual meeting materials on SEDAR. The Annual Meeting is scheduled for May 29, 2013 in Montreal; agenda includes election of members of the Ariane Board, approval of auditors for the next financial year, and the change of name to Arianne Phosphate Inc.
Arianne Phosphate (TSXV:DAN,FWB:JE9N,OTCBB:DRRSF) filed its financial statements for the year ended 2012. Significant progress include: seeking shareholder approval on the name change to “Arianne Phosphate Inc.”, divesting all its non-phosphate exploration properties, and the update of the mineral estimate for the Paul Zone.
Arianne Resources filed on SEDAR a new mineral resource estimate for the Paul zone of its Lac a Paul project. It shows that the area contains measured and indicated resources of 590.24 million metric tons grading 7.13-percent P2O5.
Arianne Phosphate (TSXV:DAN,FWB:JE9N,OTCBB:DRRSF) has filed the National Instrument 43-101-compliant resource calculation for the Paul Zone on SEDAR.
Arianne Resources Inc. (TSXV:DAN) announced an amendment to its warrant re-pricing and extension plan. The Company had to amend the 4,000,000 common share purchase warrants that were issued as part of its April 2011 private placement.
Arianne Resources Inc. (TSXV:DAN) reported its current progress on its Lac a Paul mine workers training program. The Commission scolaire du Pays-des-Bleuets,the Pekuakamiulnuatsh Takuhikan Education and the Labour Department has signed a Letter of Intent to create training services for Lac à Paul mine workers.
Arianne Resources Inc. (TSXV:DAN,FWB:JE9N,OTCBB:DRRSF) is commencing public consultations on the Transportation component of its project to operate a phosphate mine in Lac à Paul in Quebec. After these consultations, Arianne intends to create a Working Group on Transportation, with community representatives and experts in an effort to optimize this major component of the project.
Arianne Resources (TSXV:DAN,FWB:JE9N,OTCBB:DRRSF) announced results from an Interim Bench-Scale Status Report. The Bench-Scale Metallurgical Test yielded 40% P2O5 concentrate at 87% recovery during the five locked cycle tests.
Arianne Resources Inc. (TSXV:DAN,FWB:JE9N,OTCBB:DRRSF) appointed Siva J. Pillay as a Director of the Company. The Company also intends to amend the terms of 4,000,000 common share purchase warrants that were issued as part of its private placement in April 2011.
Dundee Capital Markets has initiated coverage on Arianne Resources (TSXV:DAN) with a buy rating and a price target of $1.90. Coverage was given by Vice President and Senior Analyst Carolyn Dennis who focuses on fertilizers and industrial minerals for Dundee.
