Emmerson bumps up resources at Morocco project to 500Mt
London-listed potash project developer Emmerson has announced an updated mineral resource estimate (MRE) for its Khemisset potash project, in Morocco, indicating a 72% increase in total resource to 537-million tonnes, grading about 9.24% potassium oxide.
Based on a 2018 scoping study, the Khemisset project has a minimum mine life of 20 years and can deliver average yearly earnings before interest, taxes, depreciation and amortisation of $236-million.
A feasibility study is on track for completion in the first half of next year.
The company is examining the potential for a Phase 2 expansion to increase production by 50%, which would substantially improve economics.
Additionally, Emmerson is considering the potential to convert some muriate of potash to sulphate of potash, which could also enhance project economics.
“Following a successful drilling campaign, it is pleasing to see the overall MRE tonnages increase by over 70%, to more than half-a-billion tonnes. The recalculation of the economic cut-off grade for Khemisset shows the project can be profitable to a grade as low as 5.2% potassium oxide and, as a result, we continue to believe there is strong potential to increase the mine life at Khemisset.
“The updated MRE is a further validation of the world-class prospects for the project,” CEO Hayden Locke noted in a statement on Monday.
He added that the significant proportion of the MRE within the higher-confidence indicated resource category would support the company’s ongoing discussions with various potential debt financing institutions which included an indicative proposal for up to $230-million of project finance debt from a major European commercial bank.
Comments
Research Reports
Projects
Latest News
Showroom
Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.
VISIT SHOWROOM
From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
