Highlights
Solid early-stage potash project with historic drilling and potential to expand
Potential solution mining method and amenable to modular expansion decreasing initial CAPEX
Strategically located closer to Brazil, China and India than current suppliers supporting cost and time savings
Gabon Situated in mining and development-friendly Gabon in the proven West Africa Potash basin
Key Success Factors of Millennial Potash Project
100% Ownership Acquisition
- Millennial Potash is acquiring up to 100% of the Banio Potash Project in Gabon through staged payments and exploration work
Large Potash – Bearing Basin with Drilling
- Significant historic drilling intersected significant potash-rich horizons from 230m to 520m depths
- Continuous carnallitite and sylvinite seams – 1.7m to 12.2m thick
- Significant upside potential
Strategically Located with Good Infrastructure
- Project located in the well-known potash-bearing basin in business-friendly Gabon
- Proximity to largest potash importing nations
- Exploration Camp, drill rigs, drill core on site
- Drill road and pad cleared and ready
Solid Track Record of Management & Board
- Experienced in potash and other large mining projects, with a track record of multiple M&A exits
- Developed and exited two large potash projects in Africa and North America
Positive Dynamic in the Potash Sector
- Significant supply constraints due to geopolitical risks
- Solid demand for fertilizers including potash
Development Plan - Major Milestones
- Initial drill program, seismic data compilation, resampling historic drillholes, ESG startup – H1 2023
- Initial drill program, and resource estimate - H2 2023
- Preliminary Economic Assessment – H2 2023
- Additional drilling, ESIA, Feasibility Study start - H1 2024
- Trial solution mining cavern and preliminary engineering - H2 2024
Company Profile
| Company Name/Address: | Millennial Potash Corp. 300-1455 Bellevue Ave. West Vancouver, BC, V7T 1C3 |
|---|---|
| Trading Symbols: | TSX-V: MLP | OTCQB: MLPNF | FSE: X0K |
| CUSIP: | 60041F101 |
| ISIN: | CA60041F1018 |
| Date/Place of Formation: | July 21 2015 |
| Financial Year End: | August 31 |
| Industry Classification: | Junior Natural Resource - Mining |
Filings
Sedar profile: https://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00037851
Sedar documents: https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00037851
Contact Millennial Potash
Millennial Potash
Corporate Office
Suite 300 - 1455 Bellevue Avenue
West Vancouver, BC Canada V7T 1C3
E-Mail: info@millennialpotash.com
Website: www.millennialpotash.com