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 2025 include advancing with additional drilling early this year to refine its resource base, followed by an updated resource estimate, a bankable Feasibility Study, and environmental baseline studies, all targeted for completion by Q1 2026. Strategically located on the Atlantic coast, the project has significant world-class resource potential, positioning it as a major asset in the global potash market.
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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