EMMERSON PLC — Regulatory Filings 2019

Aug 22, 2019

National Storage Mechanism | Additional information

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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: +44 (0) 207 236 1177
Edward McDermott
Jeremy King	Optiva Securities Limited Joint Broker	Tel: +44 (0) 3137 1904
Damon Heath	Shard Capital Partners	Tel:  020 7186 9950
Gaby Jenner Melissa Hancock	St Brides Partners Ltd Financial PR/IR	Tel: +44 (0) 20 7236 1177

**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.

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.

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