Business
Publication of Quarterly Newsletter
Publication of Quarterly Newsletter.
About this update from Emmerson Plc
[{"type":"text","content":"\n \nRNS Number : 8245J Emmerson PLC 22 August 2019 \n\nEmmerson Plc / Ticker: EML / Index: LSE / Sector: Mining\n22 August 2019\nPublication of Quarterly Newsletter\n \nEmmerson 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/.\nThe 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. \n \n\n\n\n\nFor further information, please visit www.emmersonplc.com, follow us on Twitter (@emmerson_plc), or contact: \n \n\n\n\n\nHayden Locke\n\n\nEmmerson Plc\n\n\nTel: +44 (0) 207 236 1177\n\n\n\n\nEdward McDermott\n \n\n\n \n\n\n \n\n\n\n\nJeremy King\n \n\n\nOptiva Securities Limited\nJoint Broker\n\n\nTel: +44 (0) 3137 1904\n\n\n\n\n \nDamon Heath \n\n\n \nShard Capital Partners\n\n\n \nTel: 020 7186 9950\n\n\n\n\n \n\n\n \n\n\n \n\n\n\n\nGaby Jenner\nMelissa Hancock\n\n\nSt Brides Partners Ltd\nFinancial PR/IR\n\n\nTel: +44 (0) 20 7236 1177\n\n\n\n\n \n\n\n \n\n\n\n\n \n \n**ENDS**\n\n\n\n\n \n\n\n\n\n \n \nNotes to Editors\nEmmerson'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 drivin...