Appointment of Corporate Broker

RNS Number : 5103W

Emmerson PLC

19 August 2020

 

Emmerson Plc / Ticker: EML / Index: LSE / Sector: Mining

19 August 2020

Emmerson Plc

("Emmerson" or "the Company")

Appointment of Corporate Broker

Emmerson Plc, the Moroccan focused potash development company, is pleased to announce that it has appointed Shore Capital Stockbrokers Limited ("Shore Capital") to act as Corporate Broker to the Company with immediate effect.

Graham Clarke, CEO of Emmerson, commented: "We are delighted with the appointment of Shore Capital during this pivotal time in the Company's development.  The experience and track record of Shore Capital will assist us in taking the project forward and ultimately realise its exceptional potential.  We look forward to working with the team from Shore Capital to deliver the best value for all stakeholders."

**ENDS**

For further information, please visit www.emmersonplc.com, follow us on Twitter (@emmerson_plc), or contact:  

Graham Clarke Hayden Locke Edward McDermott	Emmerson plc	[phone]
Jerry Keen Toby Gibbs John More	Shore Capital	[phone]
Damon Heath Isabella Pierre	Shard Capital	[phone]
Megan Denison Susie Geliher	St Brides Partners Limited Financial PR/IR	[phone]

Notes to Editors

Emmerson's primary focus is on developing the Project located in Northern Morocco.  The Project has a large JORC Resource Estimate (2012) of 537Mt @ 9.24% 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 Feasibility Study released in June 2020 indicated Khemisset has the potential to be among the lowest capital cost development stage potash projects in the world and also, as a result of its location, one of the highest margin projects. This delivered outstanding economics including a post-tax NPV₈ of approximately US$1.4 billion using industry expert, Argus', price forecasts.

 

END

 

 

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