Launch of Company Quarterly Newsletter

RNS Number : 4178V

Emmerson PLC

08 April 2019

 

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

8 April 2019

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

Quarterly Newsletter

Emmerson Plc ("Emmerson" or "the Company"), is pleased to announce that it has launched a quarterly newsletter ("The Newsletter"). 

The Q1 Newsletter features a summary of key milestones achieved in the quarter including the commencement and completion of the Environmental & Social baseline study and the appointment of potash processing expert Don Larmour as a consultant; both of which are key milestones towards the feasibility stage.  Further news in the quarter included the identification of significant potential cost savings through the review conducted by Mr Larmour and by securing the opportunity to utilise the Port of Casablanca significantly enhancing the already outstanding economics of the Khemisset Potash Project.

The Newsletter also provides a recap of the investor events attended by the Company's management and also a commentary on the current highly favourable potash market dynamics. 

The Newsletter is available on the Company website here:  https://www.emmersonplc.com/investors/company-newsletters/.

**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] Gaby Jenner Melissa Hancock 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

 

 

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