Emmerson plc provided an update on progress made at its world class Khemisset Potash Project in Morocco during the first six months of 2021. Having completed the baseline and all the workstreams required for Environmental and Social Impact Assessment for the Project, the study was submitted in Fourth Quarter 2020 for review by the Environmental Evaluation Committee. The ESIA package comprises a full Project baseline study built over two years, the ESIA report, and the Environmental and Social Monitoring Program. The package covers the Project underground works and surface installation, external infrastructure such as powerlines, highway access, and raw water intake. The review meeting with the EEC was held in December 2020 where valuable advice and guidance was given by the committee members to better prepare for the evaluation meeting. The EEC comprises the relevant Government stakeholders in the Project including the Ministry of Energy and Mines, Regional Department of the Environment, and the water agency. Following the positive feedback of the review meeting, the month-long Public Consultation phase was launched covering the three local communes where the Project installations are planned. No concerns or objections were recorded by the local population. This is a reflection on the social license to operate that the Project team has been building amongst the local communities as they support the Project to become a catalyst for socio-economic development. In parallel with this, the Company has been following up with the relevant Government entities to prepare for the evaluation meeting. Complementary technical work was carried out and shared with some of these entities. This comprised of the following: Water agency: Improvement of the water intake scheme by changing the intake installation to the newly commissioned Ouljet Es-Soltane dam instead of the Oued Beht river. The Ouljet Es-Soltane dam is upstream of the Project site by some 20km and presents a more reliable and sustainable water supply option. The Company completed a scoping level study and a specific baseline study covering the intake installation and the pipeline design prior to integrating this infrastructure into the ESIA package. Additional engineering detail on the Tailings Storage Facility including scenario analysis for risk management and mitigation was completed by Golder Associates to the standard required by the Government agencies. This study presents design fundamentals which are based on the most stringent international standards that are applicable to such installations and shows accordingly the very low risk associated with its design contemplated and assesses possible mitigation strategies that could be implemented. Department of Environment: Supplementary work on the Deep Well Injection plan was completed by local engineering consultants Sigma Plus. The results were shared with the Department of Environment to give more confidence in and demonstrate the sustainability advantage of the approach as compared with the traditional methods for brine management. The Company has completed all significant items in the process previously outlined, all in compliance with best international relevant standards, and is now awaiting the confirmation for the evaluation meeting with the EEC, following which the ESIA approval will be granted. Emmerson is committed to developing the Project in accordance with the health, safety, and environmental standards, all the ESIA workstreams are therefore scoped and completed in compliance with Moroccan legislation while being topped up to levels of rigour as required by International Finance Corporation ("IFC") Performance Standards and the Equator Principles. Applications for renewal have been lodged for the remaining research permits that were not part of the Mining Licence area with a positive outcome expected in Third Quarter 2021. A significant amount of geological work has been completed including the re-processing and interpretation of two seismic lines, undertaken by consultants, to provide better quality data for the wider understanding of the general structures in the vicinity of the declines and early mining area. The local team has also undertaken additional core logging and mapping to provide further data for refining various geological plans and maps. In addition to this, supplementary work has been completed on the DWI plan, resulting in a report that is being used for ongoing discussions with the authorities regarding this key area of the Project. To mitigate risks identified in the FS, a new geological investigation campaign has been scoped and commenced. This work is split into two sections. Firstly, surface geological investigations will focus on geotechnical and geophysical data gathering to feed into the detail design for the surface infrastructure and the tailing storage facility. Secondly, a series of deeper holes are to be drilled along the line of the decline, one of which is to be extended to provide data for the DWI, and two holes with offsets are to be drilled into the orebody in the early mining blocks. These will serve as data points for mine access engineering design and mine design while giving more confidence on suitability of the targeted formations for DWI. Work relating to the technical aspects of the Project design and engineering has been completed to address risks from the FS, provide detail to support wider project development and commence more comprehensive work to take the Project towards construction readiness. Additional ventilation modelling has also been undertaken; this was a vital piece of work and the modelling confirmed that the air quantities required for effective ventilation need to increase, with the provision of vent raises necessary to achieve this. Additionally, the modelling confirmed that air cooling will be necessary from the early years of operation. The detailed design can now take these modifications into account. The Company has engaged with numerous engineering companies to assess potential partners for the basic and detailed engineering for the Project. A request for proposal has been issued with regards to the MOP process facility basic engineering, and a preferred partner selected. Final negotiations are taking place with a view to commencing engineering soon. Further to this, discussions continue with a Moroccan engineering company to support the development of a contracting strategy and project execution. Other notable advances include completing cuttability tests on core samples of salt and basalt to inform the detail design and planning of the decline construction. The Company is also holding discussions with several renewable energy providers resulting in a supply option in addition to the current memorandum of understanding.