Emmerson Plc, the Moroccan focused potash development company, has provided an update for its 100% owned Khemisset Potash Project in Northern, which demonstrates clear progress towards delivery of this world class project.
Multiple workstreams in progress to further de-risk the project and provide confidence in the ongoing project finance and due diligence processes.
Permitting process is on track, with main permits targeted to be in place in H1 202. The company is investigating options for staged development to reduce upfront capital costs and provide financing flexibility.
Meanwhile, engagement with potential strategic partners, debt providers and anchor investors is proceeding well.
Emmerson CEO, Graham Clarke, comments: “This is now a pivotal time for Emmerson as we continue to make excellent progress with the delivery of the Khemisset Project and move closer to construction. The team continue to add value and the ongoing workstreams shall enhance what is already a world class project.”