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 visitwww.emmersonplc.com, follow us on Twitter (@emmerson_plc), or contact:
Hayden Locke | Emmerson Plc | Tel: +44 (0) 207 236 1177 | ||
Edward McDermott | ||||
James Biddle | Beaumont Cornish Limited | Tel: +44 | (0) | 207 628 3396 |
Roland Cornish | Financial Adviser | |||
Jeremy King | Optiva Securities Limited | Tel: +44 | (0) | 3137 1904 |
Broker | ||||
Gaby Jenner | St Brides Partners Ltd | Tel: +44 (0) 20 7236 1177 | ||
Melissa Hancock | Financial PR/IR |
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.
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.comor visit www.rns.com.
END
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Emmerson plc published this content on 08 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 08 April 2019 08:37:06 UTC