Millennial Potash Corp V.MLP

Alternate Symbol(s): MLPNF

Metals & Mining

Millennial Potash Corp. is a Canada-based mineral exploration company. The Company’s exploration and evaluation assets are at the exploration stage. The Company is engaged in the development of the Banio potash project. The Company's flagship asset is the Banio Potash Project located in Gabon, West Africa. The Banio Project covers approximately 1,238 square kilometers and is located in the south-west corner of Gabon approximately 450 kilometers south of Libreville along the Atlantic coast. Banio is located on the seaward side of a long lagoon which extends from Mayumba in the north to the border of Republic of Congo.

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Millennial Potash Corp

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Post by Betteryear2on Apr 23, 2024 9:25am

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Post# 36002999

Millennial Potash Completes Positive PEA

Vancouver, British Columbia--(Newsfile Corp. - April 23, 2024) - Millennial Potash Corp. (TSXV: MLP) (OTCQB: MLPNF) (FSE: X0D) ("MLP", "Millennial" or the "Company") is pleased to announce the completion of a Preliminary Economic Assessment ("PEA") on its Banio Potash Project. The PEA was completed by Micon International ("Micon") in partnership with Agapito Associates Inc. ("Agapito") and yielded the following highlights:

Optimal annual production rate of 800,000 Tonnes per Year (TPY) of primarily granular K60 Muriate of Potash (gMOP)
$1.07B after-tax NPV(10) and 32.6% IRR
$480M initial CAPEX estimate, including $62M in Contingency
Estimated $61/T gMOP OPEX

Millennial Potash Completes Positive PEA with After-Tax NPV(10) of $1.07B and IRR of 32.6% for its Banio Potash Project (newsfilecorp.com)

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