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Emmerson completes seismic survey at Khemisset potash project

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World Fertilizer,

Emmerson Plc has announced that it has completed the fieldwork component of a 60-line kilometer seismic survey over 10 lines of its 100% Khemisset potash project in Northern Morocco.

The fieldwork component of seismic data was completed within six weeks of readmission to LSE covering the key areas of Khemisset ore body and margins of the potash-bearing basin. Processing and interpretation of results is expected to be received by the company in 3Q18.

The objective of the seismic work was to delineate the basin and provide detailed information on geological structures and faulting. It also provides valuable information for the scoping study, which is targeted for 1Q19, as well as the upcoming drilling programme.

The CEO of Emmerson, Hayden Locke, said: “The recently completed seismic survey is the first major project related milestone since the completion of the transaction to acquire the Khemisset project last month. The information from the survey will enhance our understanding of the basin, our geological model and will also form a key component of future mine design and planning.

“Golder Associates has already been appointed to deliver a scoping study by the end of 1Q19, in which we hope to prove the potential for a low capital cost potash mine development at Khemisset thanks to the shallow nature of the deposit coupled with the excellent location and infrastructure.

“We anticipate being in a position to appoint a drill contractor in the coming weeks with a view to upgrading portions of the 311.4Mt JORC Resource to at least the Indicated category, but also further exploring the significant potential of the broader potash bearing basin, which extends over a strike of more than 60 km. The data we have acquired from the seismic survey is highly valuable in planning this drilling campaign.

“We look forward to releasing the results of the interpretation of the seismic survey during this quarter, as well as further scoping study related news flow as the studies progress.”

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