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Emmerson PLC - 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

+44 (0) 207 236 1177 

Jerry Keen

Toby Gibbs

John More

 

Shore Capital

 

+44 (0)20 7408 4090 

Damon Heath

Isabella Pierre

 

Shard Capital

+44 (0) 207 628 3396

Megan Denison

Susie Geliher

St Brides Partners Limited

Financial PR/IR

+44 (0)20 7236 1177

 

 

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.

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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