Millennial Potash Corp (TSX-V:MLP, OTCQB:MLPNF) told investors that the President of Gabon Brice Oligui Nguema has reaffirmed his support for the company’s Banio Potash Project following a visit to the towns of Mayumba and Ndindi on the project.
MLP’s Gabonese subsidiary, Mayumba Potasse SARL, provided a corporate presentation including the results of its recent Preliminary Economic Assessment (PEA) highlighting the project's potential production timeline.
The president was also presented with a section of potash-rich drill core from the project.
The company said the president also pledged that it would work closely with MLP to ensure permitting, regional development and infrastructure improvements. These include upgrades to the power grid, the development of a deep-water port, and improvements to local roads.
Additionally, plans for new schools, a university, and a modern hospital in Mayumba were outlined as part of the broader regional development strategy.