Initiation of Research Coverage

RNS Number : 6428Z

Emmerson PLC

04 September 2018

 

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

4 September 2018

Emmerson Plc ("Emmerson" or the "Company") 

Initiation of Research Coverage

Emmerson Plc, the Moroccan focused potash development company, is pleased to announce that Align Research Limited has completed a comprehensive initiation equity research note on the Company ("the Note").

The Note covers the Company's objective for its flagship Khemisset Potash Project ("Khemisset" or "the Project") in northern Morocco to be a low capital cost, high margin mine development and uses comparable analysis to provide context as to the potential of the Project.

To download the full note please visit the following link:

http://www.alignresearch.co.uk/cpt-company/emmerson/

**ENDS**

For further information, please visit www.emmersonplc.com, follow us on Twitter (@emmerson_plc), or contact:  Hayden Locke Emmerson Plc Tel: [phone] Edward McDermott James Biddle Roland Cornish Beaumont Cornish Limited Financial Adviser Tel: [phone] Jeremy King Optiva Securities Limited Broker Tel: [phone] Lottie Wadham Gaby Jenner St Brides Partners Ltd Financial PR/IR Tel: [phone]

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. 

 

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