Investor Presentation

RNS Number : 1333I

Emmerson PLC

10 December 2020

 

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

10 December 2020

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

Investor Presentation

Emmerson Plc, the Moroccan focused potash development company, is pleased to announce that it will be presenting at the UK Investor Magazine Virtual Investor Conference on Tuesday 15 December at 12.00 p.m.

Graham Clarke, CEO, will give a presentation on the Company's recent progress and a summary of the work programmes ahead at Emmerson's low capex, high margin Khemisset Potash Project in Northern Morocco where early construction work is targeted to commence in late 2021.

To register your interest in attending, click here: https://bit.ly/3m4gZiV .

**ENDS**

For further information, please visit  www.emmersonplc.com , follow us on Twitter (@emmerson_plc), or contact:  Graham Clarke 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% K ₂ O 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 NPV ₁₀  of approximately US$1.4 billion using industry expert, Argus', price forecasts.

 

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