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Emmerson granted additional research permits at Khemisset potash project

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World Fertilizer,

Emmerson Plc has released a statement claiming that it has received confirmation from the Moroccan mining authorities that it has been granted 15 additional research permits adjoining its 100% owned Khemisset Potash Project in Northern Morocco.

Highlights include the following:

  • 11 additional research permits granted adjoining Khemisset to the north-east.
  • A further four research permits granted adjoining Khemisset to the south-west.
  • The new permits cover an area of 239 km2. The project now has a total area of 815 km2.
  • Desktop geological work indicates that potash mineralisation is likely to continue for some distance to the north-east, including the area covered by a number of the new permits.
  • A JORC-compliant exploration target is expected to be released in coming weeks demonstrating exploration potential for the area covered by the new permits in the north-east.
  • Emmerson claims that it will begin planning an extensional drill programme to test this area, which is likely to be carried out as part of the second drill programme at Khemisset.

The CEO of Emmerson, Hayden Locke, said: “The Khemisset Potash Project already has a large inferred mineral resource of 311.4 million t @ 10.2% K2O, which covers only a small portion of the broader Khemisset Potash Basin. Our desktop review of historical geological data indicates that the potash mineralisation is likely to continue for a number of kilometres to the northeast. We are currently completing an exploration target for this new zone, which will give some context as to the potential for additional resources for the Project.

“We believe our existing JORC-compliant resource is sufficiently large to support a mine life of over 20 years. Additional mineralisation in this region will only strengthen the overall fundamentals of the project and its multi-decade, multi-generational potential.

“In the meantime, the scoping study for Khemisset is well underway and we're confident of delivering it by the end of 1Q19. We continue to be excited by Khemisset's potential to be a low capital cost, high margin, potash project delivering outstanding returns regardless of the potash price.”

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