Millennial Potash (TSE:MLP) has released an update.
Millennial Potash Corp. has significantly advanced its stake in the Banio Potash Project, increasing its interest to 70% by fulfilling milestones including a Preliminary Economic Assessment and strategic payments. The project promises strong economic potential with a projected low-cost solution mining operation, highlighted by substantial resource estimates and promising financials such as a post-tax NPV of US$1.07 Billion and an IRR of 32.6%. The company is now focused on expanding the resource base with further drilling planned at the North Target.
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