Emmerson PLC

Overview

Emmerson PLC is listed on the Main Market of the London Stock Exchange with the ticker LON: EML. The Company is developing the Khemisset potash project in Northern Morocco, which a recent scoping study confirmed to have the potential to be a low capital cost, high margin potash mine in a country which was recently sited in the Mining Journal’s risk report as the number one jurisdiction for mining investment in Africa.

Potash is a fertiliser used to increase crop yields and improve the quality of plants. It plays a central role in helping feed the world’s growing population. Highlights of the aforementioned Scoping Study include:

• Post Tax NPV of US$795m and IRR of 29.8% over 20 year mine life
• Using forecast prices from Independent Market Consultant Argus Media, NPV increases to US$1.14bn over 20 year mine life
• Bottom quartile projected all-in-sustaining delivered cost to all Emmerson’s target markets including Brazil, NW Europe, Morocco, South Africa
• Top quartile projected cash margins according to analysis conducted by Argus FMB
  • Average, steady state post-tax cash margins of 50% at current potash prices
  • Average, steady state, EBITDA margins of nearly 64% at current potash prices

www.emmersonplc.com