Appointment of Corporate Broker

RNS Number : 7833B

Emmerson PLC

16 February 2022

 

Emmerson Plc / Ticker: EML / Index: AIM / Sector: Mining

16 February 2022

Emmerson Plc ("Emmerson" or the "Company")

Appointment of Corporate Broker

Emmerson, the Moroccan focused potash development company, is pleased to announce the appointment of Liberum Capital Limited as a joint corporate broker alongside Shore Capital Stockbrokers Limited and Shard Capital Partners, effective immediately.

**ENDS**

For further information, please visit  www.emmersonplc.com , follow us on Twitter (@emmerson_plc), or contact:

Emmerson Plc Graham Clarke	[phone]
Shore Capital (Nominated Adviser and Joint Broker) Toby Gibbs / John More	[phone]
Liberum Capital Limited (Joint Broker)	[phone]
Scott Mathieson / Lydia Zychowska
Shard Capital (Joint Broker) Damon Heath / Isabella Pierre	[phone]
St Brides Partners (Financial PR/IR) Susie Geliher / Charlotte Page	[phone]

Notes to Editors

Emmerson's primary focus is on developing the Khemisset project ("Khemisset" or the "Project") located in Morocco.  The Project has a large JORC Resource Estimate (2012) of 537Mt @ 9.24% K2O and significant exploration potential with an accelerated development pathway targeting a low capex, high margin mine. Khemisset is perfectly located to capitalise on the expected growth of African fertiliser consumption whilst also being located on the doorstep of European markets. This unique positioning means the Project will receive a premium netback price compared to existing potash producers. The need to feed the world's rapidly increasing population is driving demand for potash and Emmerson is well placed to benefit from the opportunities this presents. The Feasibility Study released in June 2020 indicated Khemisset has the potential to be among the lowest capital cost development stage potash projects in the world and also, as a result of its location, one of the highest margin projects. This delivered outstanding economics including a post-tax NPV10 of approximately US$1.4 billion using industry expert, Argus', price forecasts.

 

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