Millennial Potash Corp V.MLP

Alternate Symbol(s): MLPNF

Millennial Potash Corp. is a Canada-based mineral exploration company. The Company’s exploration and evaluation assets are at the exploration stage. The Company's flagship asset is the Banio Potash Project located in Gabon, West Africa. The Banio Potash Project encompasses over 1,238 square kilometers (km2) situated in the southern part of the country, approximately 50 km south of Mayumba and along the border with the Republic of Congo. Banio Potash Project comprises indicated and inferred mineral resources based on the definition of potash-bearing seams or beds in numerous sedimentary evaporite cycles.

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Millennial Potash Corp

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Post by superchargerson Dec 10, 2024 12:55pm

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Post# 36354916

Millennial Potash: The World's Next Low-Cost Potash Producer

Millennial Potash has a 1.7 billion ton indicated and inferred potash resource in Gabon from just 2 drill holes, with significant expansion potential.
The preliminary economic assessment shows very low operating costs of $61/ton (vs $90-100/ton for major producers) and strong project economics.
The company aims to initially produce 800,000 tons per year, potentially sold in the West African and South African markets.
Millennial Potash plans to complete a definitive feasibility study and environmental permitting by end of 2025 to reach a construction decision.
The experienced management team has a track record of successfully developing and exiting potash and lithium projects.