StockMarketWire.com - Emmerson said its upgraded mineral resource estimate of its Khemisset potash project in Northern Morocco had delivered a 72% increase in total resource to 537m tonnes of potash.

The recalculation of the economic cut-off grade for Khemisset 'shows the project can be profitable to a grade as low as 5.2% K2O and, as a result, we continue to believe there is strong potential to increase the mine life at Khemisset,' the company said. The company said it was examining the potential for a phase 2 expansion to increase production at the mine by 50%, which would 'substantially' improve economics.

'We continue to make exceptional progress on the Feasibility Study and remain confident it will be delivered within our target timeline of the first half of 2020,' it added.

At 9:35am: [LON:EML] Emmerson Plc share price was +0.15p at 4p



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