Millennial Potash reports major resource growth as updated MRE expands Banio measured & indicated

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5d ago 4:12

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Millennial Potash Chairman Farhad Abasov joined Steve Darling from Proactive to unveil the results of a significantly upgraded Mineral Resource Estimate for the northern portion of the company’s Banio Potash Project in Gabon. The update was completed by ERCOSPLAN, one of the world’s most respected potash consulting firms and a specialist with deep expertise in the West African Potash Basin. Banio is located at the northern end of the West African Evaporite Basin, a region recognized globally as a proven and productive potash district. Abasov highlighted the dramatic upgrades delivered in the new estimate, noting that the project had no Measured Resource only a year ago. Today, the combined Measured and Indicated (M&I) Resource has surged by 275%, while the Inferred Resource has increased by 210% compared to the maiden estimate published in 2024. The new MRE includes 2.42 billion tonnes of Measured + Indicated Carnallitite grading 15.5% KCl and 3.6 billion tonnes of Inferred Carnallitite grading 15.4% KCl. Abasov described this expansion as “massive,” underscoring the consistency and scale of the potash seams encountered across all drilling to date—some exceeding 100 metres in thickness. This, he said, provides strong evidence of the grade, continuity, and geometry needed to support highly efficient solution mining operations. The company also confirmed that the updated resource represents only a fraction of the northern section of the full project area. Looking ahead, the new MRE will serve as a critical foundation for the upcoming Feasibility Study. That study is being supported by a non-dilutive US$3 million funding commitment from the U.S. International Development Finance Corporation. The FS will evaluate a range of solution mining production scenarios as the company advances toward potential development. #proactiveinvestors #millennialpotahscorp #tsxv #mlp #otcqb #mlpnf #potash #CriticalMinerals #Potash #USGeologicalSurvey #FertilizerIndustry #USDFC #FoodSecurity #ResourceEstimates #MiningNews #GabonProjects #ProactiveInvestors

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