Emmerson PLC Drilling Commences at Khemisset Potash Project (3487G)

TIDMEML

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:                    Emmerson Plc                Tel: [phone] 
   Hayden Locke                                    1177 
   Edward McDermott 
   James Biddle       Beaumont Cornish Limited    Tel: [phone] 
    Roland Cornish     Financial Adviser           3396 
   Jeremy King        Optiva Securities Limited   Tel: [phone] 
                       Broker 
 
   Lottie Wadham      St Brides Partners Ltd      Tel: [phone] 
    Gaby Jenner        Financial PR/IR             1177 
 

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% K(2) O 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

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November 05, 2018 06:00 ET (11:00 GMT)