Millennial’s Banio Project Shows Promising Economics

Millennial Potash (TSE:MLP) has released an update.

Millennial Potash Corp. has announced the filing of a Preliminary Economic Assessment for its Banio Potash Project, revealing the potential for an 800,000 Tonnes Per Year production of Muriate of Potash. The project boasts a promising post-tax NPV(10) of USD $1.07B and an IRR of 32.6%, based on a projected 25-year mine life with significant economic advantages including a CAPEX of USD $480M and an OPEX of just USD $61/tonne.

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