Millennial Potash Corp. has announced strong new results from drillhole BA-004 at its Banio Potash Project in Gabon, intersecting 101.45 m of cumulative high-grade carnallitite mineralisation averaging 16.8% KCl using a 13% cut-off grade.
Farhad Abasov , Chairman of Millennial Potash Corp., noted: “Our drill programme keeps generating significant results demonstrating consistency and continuity of potash cycles in this part of the project area. These consistent and remarkable results reinforce Millennial’s confidence in Banio’s potential to expand its current Mineral Resource Estimate and highlight the project’s exciting development trajectory.”
Abasov, based in Dubai, brings a wealth of experience in the resource sector, having built and sold multiple companies including Millennial Lithium (sold to Lithium Americas for US$490 million), Allana Potash (sold to Israel Chemical Ltd for US$170 million), and Potash One (sold to K+S for US$430 million). He served as a co-founder of Potash One, (sold to K+S for US$430 million,) and Senior VP of Energy Metals, (sold to Uranium One for US$1.8 billion) He raised over US$500 million for public and private companies in energy and mining sectors.
As Hallgarten & Company observed: “the thought of having access to key potash markets in Brazil and the US has finally given Millennial Potash the attention it deserves in the junior potash space.”
The results underscore Banio’s potential as one of Africa’s most advanced potash projects and a key future supplier to Brazil and US markets.