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Emmerson PLC - Moroccan-focused potash development company - Says it is in the process of assessing conceptual, staged, development for the Khemisset potash project, aiming to reduce upfront capital costs, incorporating expansion options into the development plan. Emmerson received the mining licence for Khemisset last Tuesday, with the exclusive right to develop and mine the potash deposit ahead of the anticipated construction initiation by the end of 2021. Says plans include an updated development strategy to fast-track salt sales expansion, standard operating procedures development, and method of procedure expansion utilising the total resource.
"Khemisset is a project of enormous potential and we see several opportunities to improve upon the mine plan presented in the 2020 feasibility study. The most obvious is the potential to expand the project, given it is currently based on less than 50% of our total mineral resource estimate. We have also previously discussed the potential to increase our salt sales and our ongoing investigations into the global de-icing salt market and, in particular, the US market gives us a high level of confidence in our ability to upscale our salt production significantly," says Chief Executive Graham Clarke.
Current stock price: 7.60 pence, up 6.3% on Wednesday
Year-to-date change: up 43%
By Zoe Wickens; zoewickens@alliancenews.com
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