Emmerson PLC Drilling Commences at Khemisset Potash Project (3487G)
05 November 2018 - 10:00PM
UK Regulatory
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: +44 (0) 207 236
Hayden Locke 1177
Edward McDermott
James Biddle Beaumont Cornish Limited Tel: +44 (0) 207 628
Roland Cornish Financial Adviser 3396
Jeremy King Optiva Securities Limited Tel: +44 (0) 3137 1904
Broker
Lottie Wadham St Brides Partners Ltd Tel: +44 (0) 20 7236
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 rns@lseg.com or visit www.rns.com.
END
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