Publication of Quarterly Newsletter

RNS Number : 8245J

Emmerson PLC

22 August 2019

 

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

22 August 2019

Publication of Quarterly Newsletter

Emmerson Plc, the Moroccan focused potash development company, is pleased to announce that its Q2 newsletter is now available on the Company website at: https://www.emmersonplc.com/investors/company-newsletters/.

The Q2 Newsletter features a summary of key milestones achieved in the quarter including the completion of the comprehensive metallurgical test work and the commencement of the Feasibility Study for the highly prospective Khemisset Project.  Further news in the quarter included the signing of an MOU with a leading global fertiliser trader and distributor for the offtake of 100% of production for a minimum of five years at Khemisset and the receipt of indicative financing proposal from a large European commercial bank for US$230 million.   

For further information, please visit www.emmersonplc.com, follow us on Twitter (@emmerson_plc), or contact:  Hayden Locke Emmerson Plc Tel: [phone] Edward McDermott Jeremy King Optiva Securities Limited Joint Broker Tel: [phone] Damon Heath Shard Capital Partners Tel:  [phone] Gaby Jenner Melissa Hancock St Brides Partners Ltd Financial PR/IR Tel: [phone]

**ENDS**

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.

 

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