Emmerson PLC

Receive alerts
Market Cap:
£32.25 m
4.70 GBX
52 weeks high
52 weeks low


1. The rapid advancement of the Khemisset Potash Project through its technical studies targeting the development of a low capex, high margin mine.

2. Further exploration in the prospective Khemisset Basin to expand its mineral resources and increase potential mine life.

3. Opportunistic appraisal of additional advanced, financially attractive, assets within the agriculture sector which would allow Emmerson to become the world’s only mid-tier multi-nutrient fertiliser producer.


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. A Scoping Study completed by Golder Associates in November 2018 has confirmed robust economics for Khemisset with a post-tax NPV10 of US$795 million and IRR of 29.8% to produce approximately 800,000 tonnes of K60 MOP per annum during steady state operations over the initial 20 year mine life. Importantly, Khemisset has demonstrated an incredibly low pre-production capital cost of US$406 million, less than half of its global peer average capital intensity.

Khemisset is ideally located to benefit from the expected high growth in demand for NPK fertilisers on the African Continent. Its location, close to a number of potential export ports, on the doorstep of European, Brazilian and US markets, means that the project will receive a premium netback price relative to many of its peers. The need to feed the world’s rapidly increasing population is driving demand for potash and Emmerson is well placed to take full advantage of the opportunities this presents.


To read further click here.


Edward McDermott

Non-Executive Chairman

A former investment banker with 15 years’ experience in the management and financing of small companies. Currently a Non-Executive Director of AIM listed companies Fishing Republic Plc and FastForward Innovations Ltd. He has previously served as a Director of AIM listed Stellar Resources Plc and Noricum Gold Ltd. He is part of the corporate finance team at Optiva Securities Limited, the Company’s corporate Broker.


Hayden Locke

Executive Director and CEO

An experienced mining executive with ~15 years’ experience in mining, private equity and investment banking. Most recently he was Head of Corporate and Technical Services (Geology, Mining and Processing) at ASX listed potash developer Highfield Resources. Prior to this, Hayden was Head of Corporate for ASX listed Papillon Resources which was sold to B2Gold in 2014 for $650 million. Hayden studied engineering, commerce and geology.


Dr Robert Wrixon

Executive Director

Led Moroccan Salts Limited since its inception in 2013. Rob has 18 years’ commercial experience in mining including five years with Xstrata in various strategy roles, and as MD and CEO of ASX listed Manhattan Corporation Limited and Haranga Resources Limited. He is a Director and founding partner of Starboard Global, a natural resource PE group based in Hong Kong and holds a PhD in mineral engineering from the University of California, Berkeley.


Mr Mark Connelly


An internationally experienced financial and commercial executive with thirty years’ experience in the financing and development of mining projects. He has worked with a number of multinational companies and across multiple jurisdictions including Africa, Europe, Australia and the Americas. Most recently he served as MD and CEO of Papillon Resources Limited that was sold in 2014 for nearly US$600 million.



Phil Cleggett -,Head of Corp. Development

Lahcen Alloubane - Manager Logistics and Operations

Mohammed Ouabid - Project Geologist

Enrique Sanz PhD - Consultant Geologist

Said Hamdioui - Advisor

To read more click here.

Registered Office
55 Athol Street
Isle of Man

London Office
Level 3
52 Berkeley Square
London W1J 5EL


Shard Capital Partners 
20 Fenchurch Street
London EC3M 3BY


PFK Littlejohn LLP
1 Westferry Circus
Canary Wharf
London  E14 4HD


Shard Capital Partners 
20 Fenchurch Street
London EC3M 3BY


St Brides Partners
51 Eastcheap
London EC3M 1JP


Hill Dickinson LLP
The Broadgate Tower
20 Primrose Street
London EC2A 2EW


Share Registrars Limited
27/28 Eastcastle Street
London W1W 8DH