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Emmerson appoints Golder to oversee potash project study

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World Fertilizer,

Emmerson Plc has announced that it has appointed Golder Associates to oversee the delivery of a scoping study on its 100% owned Khemisset Potash Project in Northern Morocco.

The study will be delivered by the end of 1Q19. Emmerson claims that the scoping study and associated work programme is fully funded following its re-admission fundraise of £6 million on 4 June 2018.

In the statement, Emmerson claims that specialist subcontractors for key workstreams, including processing, will be appointed by or alongside Golder in due course. The company claims that there is also a significant exploration upside at Khemisset, providing the potential to increase the potash JORC compliant inferred resource of 311 million at 10.2% K2O.

Hayden Locke, CEO of Emmerson, said: “We have hit the ground running since our re-listing on the London Stock Exchange […] and are excited to be working with a firm with the credibility and expertise of Golder Associates to deliver the Khemisset scoping study, and we believe they will add considerable value to the process.

“With the wheels in motion and the funds in place to deliver following our £6 million raise, we are working to confirm, from a high level, the compelling technical and economic potential of the Khemisset project by early 2019. The next step towards achieving this will be the appointment of an engineering firm with specialist expertise in the processing of potash minerals to work alongside Golder Associates. We will also be appointing additional contractors to commence a drilling programme in the near-term, with a view to delivering on the twin objective of a) unlocking the upside potential of the already significant JORC compliant Inferred resource of 311 million t and b) upgrading portions of the resource to the ‘indicated’ category.

“We continue to be excited by the potential for Khemisset to be a low-CAPEX, high margin potash project, and look forward to demonstrating this to the market.”

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