Proactive - Interviews for investors
Millennial Potash advances Banio Project with resource potential and government support
Millennial Potash Corp (TSX-V:MLP, OTCQB:MLPNF) is advancing its Banio Potash Project in Gabon, leveraging extensive historical data and significant resource potential. Speaking at the PDAC conference in Toronto, Chairman Farhad Abasov shared key updates with Proactive’s Angela Harmantas, highlighting the project’s economic viability, strategic location, and government support.
A recently completed economic assessment confirmed a 1.7 billion tonne indicated and inferred resource estimate, reinforcing the project’s scale and cost competitiveness. Abasov emphasized Banio’s proximity to major agricultural markets such as Brazil, India, China, and Africa, ensuring strong demand for its potash production.
Gabon’s mining reforms have strengthened the project’s outlook, with the government actively supporting the Banio Project. Abasov noted a recent visit from the country’s president, signaling confidence in its economic and strategic value.
Key milestones for 2024 include ongoing environmental studies, a second phase of drilling to expand the resource base, and the initiation of a feasibility study, which will run parallel to environmental assessments and is expected to conclude by early 2025.
With strong backing, a large resource base, and a clear path to development, Millennial Potash is positioning itself as a major future supplier of potash, supporting global food security while contributing to Gabon’s economic growth.
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