Orbite Aluminae Inc.
TSX : ORT

Orbite Aluminae Inc.

November 02, 2011 12:01 ET

Orbite Awards Contract for Feasibility Study of its Metallurgical Grade Alumina Plant

Feasibility Study is expected to further validate Orbite's unique alumina extraction process

MONTREAL, QUEBEC--(Marketwire - Nov. 2, 2011) - Orbite Aluminae Inc. (TSX:ORT) ("Orbite") announces that it has awarded the contract for the bankable Feasibility Study on its planned metallurgical grade alumina (SGA) plant to top ranking engineering firms GENIVAR Inc. ("GENIVAR") and Johnston-Vermette. The contract is being awarded following a highly competitive call for tender exercise directed towards qualified national and international engineering firms.

"The NI 43-101 compliant Feasibility Study involves the fast tracked release, by the end of November 2011, of a Preliminary Economical Assessment (PEA) or Scoping Study which is currently being concluded by independent qualified persons at GENIVAR. The preliminary independent evaluation of the PEA covers all aspects of the project and is expected to confirm the technology brought forward by Orbite and its commercialization potential. The document will then be published on the company's website" said Richard Boudreault, Orbite's President and CEO.

"Upon closer examination of the project by GENIVAR and Johnston-Vermette, we have recognized the potential economic and environmental advantages that Orbite's state-of-the-art process offers over the actual existing alumina production process in particular the Bayer process. This project shows excellent potential to become an example of sustainability, reducing residues and involving local resources, and community, in the life cycle of alumina production" said André-Martin Bouchard, Vice-President, Environment of GENIVAR and spokesperson for the GENIVAR/Johnston-Vermette consortium. "Our role in this Feasibility Study is to further confirm the extent of Orbite's potential to offer a viable alternative to the aluminum industry worldwide, on top of generating value added products in a sustainable manner."

"We are proud to have been selected by Orbite and to be associated with such a dynamic and successful company, through our team of highly qualified experts," said Pierre Shoiry, President of GENIVAR.

The Feasibility Study scope of work involves a comprehensive review of all project characteristics—from process validation to capital costs, operational costs, and basic engineering leading to the detailed engineering, marketing, environmental, health & safety, and other considerations—in order to further validate and integrate the various technical aspects of the project. The Feasibility Study report is expected to be published during the first half of 2012.

"In awarding the contract for the Feasibility Study for our metallurgical alumina, Orbite is taking, on schedule, another big step closer to the commercialization of its process and products," said Richard Boudreault, Orbite's President and CEO. "Once released, the reports are expected to validate and detail our unique alumina extraction process and pave the way for the production of metallurgical alumina to meet growing demand from the global aluminum industry."

About GENIVAR Inc.

GENIVAR is a leading Canadian engineering services company providing private and public-sector clients with a full range of professional consulting services through all project phases, including planning, design, construction and maintenance. Ranging in size, its clients operate in various market segments, including the building, industrial, power, municipal infrastructure, mining, transportation and environmental sectors. GENIVAR is one of the largest engineering services companies in Canada by number of employees, with more than 4,700 managers, professionals, technicians, technologists and support staff in over 100 cities in Canada and internationally. www.genivar.com

About Johnston-Vermette

Johnston-Vermette specializes in heavy industry and works primarily in the following sectors: pipeline, metallurgy, electricity, mechanics, biogas and nuclear energy. The company also participates in the design and construction of new plants. In 2007, Johnston-Vermette acquired Optec Énergie-Services Inc., an expert group in both petroleum and petrochemical sectors at provincial and international levels. In 2008, Johnston-Vermette acquired Opti-Conseil Inc., an engineering-consulting firm, which works mainly in areas of mechanical and thermal processes, cogeneration, energy conservation, steam and condensate. Johnson-Vermette was highly involved into the former Norsk Hydro plant in Bécancour, Québec, involving reactants such as hydrochloric acid as per Orbite's process. www.johnston-vermette.com

About Orbite

Orbite (pronounced "Orbit") owns 100% of the mining rights on approximately 6,441 hectares of a Grande-Vallée property, the site of an aluminous clay deposit located 23 km to the south of Grande-Vallée, and a 2,800 sq. m. full scale redundant line pilot plant in Cap Chat, in the Gaspé region. The NI 43-101 report issued in August 2011 has identified an Indicated Resource of about 1 billion metric tonnes of aluminous clay in part of the deposit. The Company also owns the intellectual property rights to a unique Canada and U.S.-patented process for extracting alumina from aluminous ores and for which patents are also pending in other countries. www.orbitealuminae.com

Regulation 43-101 and forward-looking statements

The information and the analyses contained therein do not constitute any type of feasibility study or economic assessment within the meaning of Regulation 43-101 respecting standards of disclosure for mineral projects (Québec) ("Regulation 43-101"). No preliminary feasibility study, pre-feasibility study or feasibility study pursuant to the requirements of Regulation 43-101 has been completed to date.

Certain information and statements contained herein constitute forward-looking statements. Words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking statements are based on information available at the time and/or Exploration Orbite's management's good-faith beliefs with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Corporation's control. These risks, uncertainties and assumptions include, but are not limited to those described in the section of the Annual Information Form entitled "Risk Factors", and could cause actual events or results to differ materially from those projected in any forward-looking statements.

Readers are invited to consult the Report on the Geological Study prepared in conformity with Regulation 43-101 and the Annual Information Form of the Corporation, both amended and restated and respectively filed on August21 and 25,2011 and are available at www.sedar.com or on the Corporation's website at www.orbitealuminae.com. The resulting technical report in no way alters technical and mineral disclosure or conclusions provided in the initial report.

Contact Information

  • MEDIA
    Frederic Berard
    Vice-President
    HKDP Communications and public affairs
    514-395-0375, ext. 259

    Jacques Bedard
    Vice-President Finance and Chief Financial
    Orbite Aluminae Inc.
    514-744-6264

    INVESTOR RELATIONS
    Louis Morin
    Investor Relations
    514-591-3988

    Jason Monaco
    Managing Partner
    First Canadian Capital Corp.
    416-742-5600