Emmerson PLC Appointment of Corporate Broker (7833B)
February 16 2022 - 2:00AM
UK Regulatory
TIDMEML
RNS Number : 7833B
Emmerson PLC
16 February 2022
Emmerson Plc / Ticker: EML / Index: AIM / Sector: Mining
16 February 2022
Emmerson Plc ("Emmerson" or the "Company")
Appointment of Corporate Broker
Emmerson, the Moroccan focused potash development company, is
pleased to announce the appointment of Liberum Capital Limited as a
joint corporate broker alongside Shore Capital Stockbrokers Limited
and Shard Capital Partners, effective immediately.
**ENDS**
For further information, please visit www.emmersonplc.com ,
follow us on Twitter (@emmerson_plc), or contact:
Emmerson Plc +44 (0) 20 7236
Graham Clarke 1177
Shore Capital (Nominated Adviser and Joint Broker) +44 (0)20 7408
Toby Gibbs / John More 4090
+44 (0)20 3100
Liberum Capital Limited (Joint Broker) 2000
Scott Mathieson / Lydia Zychowska
Shard Capital (Joint Broker) +44 (0)20 7186
Damon Heath / Isabella Pierre 9927
St Brides Partners (Financial PR/IR) +44 (0)20 7236
Susie Geliher / Charlotte Page 1177
Notes to Editors
Emmerson's primary focus is on developing the Khemisset project
("Khemisset" or the "Project") located in 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 NPV10 of approximately US$1.4 billion using
industry expert, Argus', price forecasts.
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END
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