Millennial Potash Corp.
Expands and Upgrades a Large Potash Resource in Africa
Published: 2/2/2024
Author: Sid Rajeev, B.Tech, CFA, MBA
Sector: Basic Materials | Industry: Other Industrial Metals & Mining
Ticker Symbols:
MLP.V - TSX 🔹
Highlights
MLP has delineated a large-tonnage/low-grade maiden NI 43-101 compliant resource estimate for its Banio potash project in Gabon, Western Africa. The new estimate is 8% higher than a JORC (Australian) estimate completed in 2018.
Indicated resources account for 36% of total resources (previously nil), implying increased confidence.
The current estimate covers only 1.5% of the project area. We believe there is potential for resource expansion as the deposit remains open in multiple directions. MLP is aiming to complete a Preli
