Episode Details

Navigating the Atlantic Potash Corridor - with Millennial Potash's Chairman Farhad Abasov

Episode 592 Published 5 months, 1 week ago

Description

In todays show, we're joined by Farhad Abasov, Chairman of Millennial Potash, a listed miner who are advancing the Banio Potash Project in Gabon, West Africa, a large, low-cost potash deposit strategically located on the Atlantic coast.

Farhad is a veteran mining executive with over $3B in exits. We dig into the real impact of China’s production drop, the rise of Africa’s Atlantic potash corridor, and how Millennial just delivered a 275% jump in Measured and Indicated resources.

Farhad breaks down what +100 metres of cumulative potash thickness means for solution mining, how far the system could extend beyond the 5% drilled area, and the toughest technical challenges posed by ERCOSPLAN. We also look at how the U.S. DFC-funded Feasibility Study evolves with this new data, what risks have now been de-risked, and what it means for future supply into Brazil, the U.S and Africa.

KEY TAKEAWAYS

Millennial Potash has reported a 275% increase in measured and indicated resources, raising the total from 1.7 billion tons to over 6 billion tons, indicating a substantial potential for the Banio Potash project.
The project is strategically located on the Atlantic coast of Gabon, allowing for competitive shipping costs to key markets such as Africa, Brazil, and the Eastern seaboard of the U.S
The Gabonese government is actively developing infrastructure, including a new port and power facilities, which will support the potash project and enhance operational efficiency.
The thickness of the potash deposit, exceeding 100 meters in some areas, will allow for larger caverns, further reducing operational costs.

BEST MOMENTS

"We think that the drilling that took place last year and this year removes a lot of that technical risk. Now we know that the resource is large, capable of producing at a significant scale."

“This was a major milestone for us... we did not expect that it would go up this much. We basically took the resource from 1.7 billion tons all the way to over 6 billion tons."

"We think this is going to have a huge impact on supply, specifically for Africa, Brazil, and the Eastern seaboard of the U.S."

"We have very good understanding of the southern part of the property... we think that mineralization actually is quite continuous."

GUEST RESOURCES

Millennial Potash Social Media Links

Website:

https://millennialpotash.com/

LinkedIn:

https://www.linkedin.com/company/millennial-potash-corp

https://x.com/MLPotash

Facebook:

https://www.facebook.com/MLPotash

Instagram: