Wedoany.com Report-Oct. 15, Millennial Potash Corp. has revealed significant results from drillhole BA-004 at its Banio Potash Project in Gabon, announced on October 15, 2025. The drilling intersected 101.45 meters of cumulative high-grade carnallitite mineralization, averaging 16.8% potassium chloride (KCl) with a 13% cut-off grade, highlighting the project’s potential to become a major potash supplier.

Farhad Abasov, Chairman of Millennial Potash Corp., stated: “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.” Based in Dubai, Abasov brings extensive experience, having led successful ventures such as Millennial Lithium (sold for $490 million), Allana Potash ($170 million), and Potash One ($430 million), and raised over $500 million for energy and mining initiatives.

The Banio Potash Project is positioned as one of Africa’s most advanced potash developments, with strong potential to serve key markets in Brazil and the United States. Hallgarten & Company noted: “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.” These markets, critical for agricultural fertilizers, underscore the project’s strategic importance in addressing global demand for potash.

The latest drilling results confirm the consistency and quality of potash deposits at Banio, supporting plans to expand the project’s mineral resource estimate. The high-grade carnallitite intersections indicate robust continuity in the mineralization, enhancing the project’s viability for large-scale production. This development aligns with Millennial Potash’s goal of establishing Banio as a reliable source of potash, essential for enhancing agricultural productivity.

Located in Gabon, the Banio project benefits from the region’s favorable geological conditions, positioning it to contribute significantly to the global potash supply chain. The company’s ongoing exploration efforts aim to further delineate the resource, ensuring long-term sustainability and economic benefits for stakeholders. These results strengthen Millennial Potash’s standing in the industry, attracting interest from investors and market analysts focused on sustainable resource development.

As global demand for potash grows, driven by agricultural needs, the Banio Potash Project is well-placed to meet market expectations. Millennial Potash continues to advance its exploration and development strategies, leveraging Abasov’s expertise to drive the project forward and deliver value to its partners and customers in key international markets.