Drilling Commences at Khemisset Potash Project

RNS Number : 3487G

Emmerson PLC

05 November 2018

 

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

5 November 2018

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

Drilling Commences at Khemisset

Emmerson Plc, the Moroccan focused potash development company, is pleased to announce that drilling has commenced at its 100% owned Khemisset Potash Project in Northern Morocco ("Khemisset" or "the Project").  The programme, which is being undertaken by Drillon, will consist of ten to twelve holes, and will have the dual objectives of upgrading the current JORC compliant Inferred resource to the higher confidence Indicated and Measured categories, and to provide enough sample material to complete a comprehensive metallurgical test work programme. Drilling is expected to be ongoing for at least six months.

Hayden Locke, CEO of Emmerson, commented: 

"We are pleased to have begun our drilling campaign as forecast in our Re-Admission Prospectus. We look forward to sharing the results with shareholders when they are available.

"We continue to make outstanding progress on the Scoping Study with our engineering consultants, which is a testament to their professionalism. We are excited to be able to release the results in due course, and we continue to believe they will confirm our statements that Khemisset has the potential to be a low capital cost, high margin mine which can deliver excellent returns regardless of potash price."

To view the press release with the photographs please use the following link: 

http://www.rns-pdf.londonstockexchange.com/rns/3487G_1-2018-11-5.pdf

Figure 1: Site Preparation, Safety Briefing and Drilling: KMSL-4

**ENDS**

For further information, please visit www.emmersonplc.com, follow us on Twitter (@emmerson_plc), or contact:  Hayden Locke Emmerson Plc Tel: [phone] Edward McDermott James Biddle Roland Cornish Beaumont Cornish Limited Financial Adviser Tel: [phone] Jeremy King Optiva Securities Limited Broker Tel: [phone] Lottie Wadham Gaby Jenner St Brides Partners Ltd Financial PR/IR Tel: [phone]

Notes to Editors

Emmerson's primary focus is on developing the Khemisset Potash Project located in Northern Morocco.  The project has a large JORC Resource Estimate (2012) of 311.4Mt @ 10.2% 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 information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.

 

END

 

 

DRLEAEFSELPPFFF