Website: www.emmersonplc.com
Primary ticker: LSE:EML
Stage of development: Development
Primary minerals: Potash
Project to promote: Khemisset Potash Project

Live financials

Emmerson PLC is developing the Khemisset Potash Project in Northern Morocco. Due to its relatively shallow ore body and access to world class infrastructure, management believes it has the potential to be a low capital cost development, which is a rarity in the potash industry. Due to its close proximity to end markets, management also believes it has the potential to be a high margin mine, delivering strong cash flows in any commodity price environment.

Management Profile

Hayden Locke – CEO

An experienced mining executive with ~15 years’ experience in mining, private equity and investment banking. Most recently he was Head of Corporate and Technical Services (Geology, Mining and Processing) at ASX listed potash developer Highfield Resources. Prior to this, Hayden was Head of Corporate for ASX listed Papillon Resources which was sold to B2Gold in 2014 for $650 million. Hayden studied engineering, commerce and geology.

Phil Cleggett –  Head of Corporate Development

A qualified accountant with ~10 years’ experience in mining and investment banking. Most recently, he was Manager of Corporate Strategy of ASX listed potash developer Highfield Resources.

What is your rationale for attending 121 Mining Investment?

We are a newly listed story on the mainboard of the London Stock Exchange. We haven’t yet undertaken an institutional road show and so are interested in introducing the project and our strategy to investors interested in the space.

What recent news would you like to highlight to investors attending?

18 Sep 18 – Decline Estimates show potential for very low capital cost access to mineralisation
8 Oct 18 – Very low capital cost logisitics solution available
23 Oct 18 – Access to grid electricity drives low electrical power connection

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Deliver Scoping Study Complete planning for bankable metallurgical testwork program

6 Months:

Complete drilling Commence met test work Planning phase for Feasibility Study

12 Months:

Complete met test work Significant progress made on Feasibility Study Commence sales and marketing discussions

In a sentence, what do you think makes your company such a compelling investment?

Khemisset has the potential to be a low capital cost, high margin potash development, which is extremely rare. The Scoping Study is well underway and Management believes it will confirm this view, while providing a significant de-risking milestone for investors.