Morning Star
Alliance News
Morocco-focussed potash development company, Emmerson PLC, said on Monday it has started drilling on the Khemisset project in northern Morocco.
The programme will consist of 10 to 12 holes, and will have two objectives: upgrading the project’s Inferred resource to Indicated and Measured categories, and provide enough sample material to complete a metallurgical test work programme.
Drilling is expected to continue for six months.
“We continue to make outstanding progress on the Scoping Study with our engineering consultants, which is a testament to their professionalism. We are excited to be able to release the results in due course, and we continue to believe they will confirm our statements that Khemisset has the potential to be a low capital cost, high margin mine which can deliver excellent returns regardless of potash price,” said Chief Executive Officer Hayden Locke.
Shares in Emmerson were up 4.2% at 3.70 pence on Monday.
By Dayo Laniyan; dayolaniyan@alliancenews.com
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