The Assay TV catches up with Farhad Abasov, the chairman of Millennial Potash (TSXV: MLP | OTCQB: MLPNF | Frankfurt: X0D), a company with a long history of fast-tracking projects led by a board and management team that has built and successfully exited multiple resource companies including Millennial Lithium (TSXV: ML), Allana Potash (TSX: AAA), and Potash One (TSX: KCL).
Farhad talks about Millennial’s recent maiden mineral resource estimate in relation to the company’s Banio Potash project in Gabon. The project came back with an indicated mineral resource of 657Mt of 15.9% KCl, and an inferred mineral resource of 1.16Bt of 16.0% KCl; showcasing strong numbers for an area that’s less than 5% of Banio’s entire project area.
After a record 10-month development and receiving full support from the Gabonese president and other top officials in December, Farhad tells us that the company has a PEA on the way for Q1 2024 along with more drilling, another resource estimate, a prefeasibility study, and an environmental study all on the way for later in the year.
Website: millennialpotash.com
Primary tickers: TSXV:MLP, OTCQB:MLPNF, FRA:X0D
Stage of development: Exploration
Commodity: Potash
Project to promote: Banio
Project Location: Gabon
