Final Results

30 November 2015

Emerging Market Minerals PLC

("EMM" or the "Company")

Final Results for the year ended 30 June 2015

EMM (AIM: EMM), the AIM quoted uranium, thorium, base and precious metals and gemstones exploration and development company operating in Madagascar, announces its audited final results for the year ended 30 June 2015.

Chairman's Statement

I am pleased to present the Group's final results for the year ended 30 June 2015. The results show that the Group incurred a loss before and after taxation for the year of £227,688 (2014: £715,344). The loss reflects the limited essential expenditure incurred in order to maintain the good standing of our Marodambo Project, corporate running costs and expenditure associated with conducting the requisite due diligence on potential new attractive project opportunities.

During the reporting period, the Board has continued to actively identify and investigate further potential opportunities to expand the Group's asset portfolio in line with our stated strategy. However, market conditions have continued to prove extremely challenging for natural resource companies, particularly those operating in the mining sector such that the Board has not yet been able to secure a suitably compelling and attractive opportunity at a sensible valuation, to present to shareholders and potential investors.

The Group's early stage Marodambo Project in Madagascar, focused on exploration for uranium and thorium, remains on a care and maintenance footing pending receipt of the requisite approvals from the relevant Madagascan government authorities in respect of our potential Phase 2 exploration work programme and environmental impact study.

On 9 September 2014, the Company announced that it had raised £405,000 before expenses, via a subscription for new ordinary shares by Kijani Resources Limited ("Kijani"), an existing substantial shareholder in the Company. Kijani subscribed for 1,000,000 new ordinary shares at a price of 40.5 pence per share. The net proceeds raised from the subscription were used to repay the Group's existing indebtedness with the balance to be utilised for general working capital purposes. The Company anticipates raising additional equity and/or debt finance in the near term in order to ensure that the Group maintains an appropriate capital structure and is able to fund its ongoing working capital requirements and potential future development opportunities.

Alongside the abovementioned subscription, the Company announced the appointment of William Redford as a Non-Executive Director and representative of Kijani to assist the Group in the pursuit of its stated strategy. At the same time, I assumed the role of Executive Chairman with Roy Spencer assuming the role of Non-Executive Director.

On 21 October 2014, the Company announced the resignation of James Slade as Non-Executive Director to pursue his other business interests.

Regrettably, on 1 June 2015, the Cayman Islands Monetary Authority ("CIMA") issued a public notice stating, inter alia, that certain representatives of PwC Corporate Finance & Recovery (Cayman) Limited ("PwC") had been appointed by CIMA to assume control of the affairs of Brighton SPC and administer its affairs in the best interests of its investors and creditors. Kijani is a wholly owned special purpose vehicle of the Kijani Commodity Fund, which is a segregated portfolio of Brighton SPC, an entity regulated and licensed in the Cayman Islands. In light of the aforementioned appointment of PwC to administer the affairs of Brighton SPC, Mr. Redford no longer deemed it appropriate to remain a director of the Company and tendered his resignation with effect from 11 June 2015. So far as the Company and Board are aware, PwC remains in control of Kijani's substantial shareholding in the Company.

In order to better reflect the nature and principal activity of the Group, the Board changed the Company's name to "Emerging Market Minerals PLC" which was approved by shareholders at the Company's Annual General Meeting held on 5 December 2014 and became effective on AIM on 8 December 2014.

The Board is currently seeking to identify and recruit appropriate new board members and introduce board changes in the near future in order to assist with the Group's identification and assessment of potential new opportunities and help secure the requisite capital to invest in new projects and meet the Group's working capital requirements. As at the date of this statement, the Group has unaudited cash reserves of approximately £17,000 and therefore prompt action is required to secure the injection of new working capital.

Accordingly, the Board and its advisers are currently exploring various financing options with the directors deferring their salary and fee entitlements over the previous 12 months and until such time as additional working capital has been secured. If further funding cannot be secured in the near term from the Company's existing major shareholders and/or potential new investors, or alternative sources of potential funding are not available, the Board considers that it is highly likely that the Company will become insolvent and appropriate insolvency proceedings would ensue, such as entering into administration or commencing liquidation. However, the Board currently remains confident that it will be able to secure additional working capital in the short term, as required, and a further announcement will be made in due course as appropriate.

Once again, I would also like to take this opportunity to thank all of our shareholders, advisers and other stakeholders for their support and patience as we continue to seek to secure a suitable opportunity to generate long-term shareholder value.

Dr. Bernard Olivier

Executive Chairman

Consolidated Statement of Comprehensive Income

For the year ended 30 June 2015

Consolidated Statement of Financial Position

As at 30 June 2015

Consolidated Statement of Changes in Equity

For the year ended 30 June 2015

Consolidated Statement of Cash Flow

For the year ended 30 June 2015

Notes forming part of the financial information

For the year ended 30 June 2015

1. General information

Emerging Market Minerals PLC (the "Company") is currently a mineral exploration company. The Company is a public limited company quoted on AIM, a market operated by the London Stock Exchange plc, and is incorporated in England and Wales. The address of the registered office of the Company is 30 Portland Place, London W1B 1LZ. Information required by AIM Rule 26 is available in the section with that heading at www.emergingmarketminerals.com.

The principal accounting policies are summarised below. They have been applied consistently throughout the year.

2. Basis of preparation and going concern

The financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS), and IFRIC interpretations issued by the International Accounting Standards Board (IASB) as adopted by the European Union and with those parts of the Companies Act 2006 applicable to companies reporting under IFRS. The financial statements have been prepared under the historical cost convention.

The presentation and functional currency of the Group is GBP.

Going concern

The Financial Statements have been prepared on a going concern basis. The Group's assets are not generating any revenue, an operating loss has been reported and an operating loss is expected in the 12 months subsequent to the date of these financial statements. The Directors believe, having considered all available information including cash flows prepared by management, that they will be able to raise additional funding to meet working capital requirements and to continue its exploration programme as well as perform due diligence on potential opportunities.

Based on the Board's assessment that the cash flow budgets can be achieved and that the necessary funds will be raised the Directors have a reasonable expectation that the Group and the Company will have adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements for the year ended 30 June 2015.

The Financial Statements do not include any adjustments that may be required should the Group and Company be unable to continue as a going concern. If the Group were unable to continue as a going concern, then adjustments would be necessary to write assets down to their recoverable amounts, non-current assets and liabilities would be reclassified as current assets and liabilities and provisions would be required for any costs associated with closure.

3. Taxation

The Company has estimated excess management expenses to carry forward of £966,500 (2014: £921,000) and estimated non trading deficits carried forward of £92,000 (2014: £92,000). Deferred tax assets arising at 20% (2014: 20%) from these losses of £211,700 (2014: £202,600) have not been provided for in these financial statements as their recovery is not probable in the foreseeable future.

4. Earnings per share

The calculation of the basic and diluted earnings per share attributable to the ordinary equity holders of the group is based on the following data:

The diluted loss per share as above is the same as the basic loss per share, as the loss for the year has an anti-dilutive effect.

5. Share capital

During the year the Company issued the following Ordinary 0.1 pence fully paid shares:

6. Operating loss

The average number of people (including executive directors) employed during the year was:

7. Related party transactions

The Company charged a management fee of £11,314 (2014: £14,990) to Tranomaro Mineral Development Corporation Limited ("TMDCL") in the year and, at the financial year end, TMDCL owed £537,768 (2014: £522,368) to the Company.

During the period the Company paid £22,500 to Serengeti Resources Pty Ltd, a company in which Bernard Oliver is a director. At 30 June 2015 the amount due to Serengeti Resources Pty Ltd amounted to £22,500 (2014: £nil).

8. Availability of Annual Report and Financial Statements

Copies of the Company's full Annual Report and Financial Statements are being posted to shareholders today and, once posted, will also be made available to download from the Company's website at www.emergingmarketminerals.com.

The Annual Report and Financial Statements will also be made available for inspection at the Company's registered office during normal business hours on any weekday.  Emerging Market Minerals PLC is registered in England and Wales with registered number 05980987. The registered office is at 30 Portland Place, London W1B 1LZ. 

9. Annual General Meeting

The Company's next Annual General Meeting ("AGM") will be held at 10.00 a.m. on Thursday, 24 December 2015 at the offices of Joelson Wilson LLP, 30 Portland Place, London W1B 1LZ and a formal Notice of AGM is set out at the end of the Annual Report and Financial Statements being posted to shareholders today.

For further information, please contact: