Jun. 17 at 10:00 PM
Posted on behalf of Millennial Potash Corp. - The DFS is the catalyst that matters for
$MLPNF, and the timeline is now concrete.
Millennial has engaged ERCOSPLAN, a potash specialist with West African Potash Basin experience, for an AACE Class 3 DFS on the 800,000 tpa solution-mining base case at Banio in Gabon. The DFS and ESIA are both underway and on track for end-2026, feeding a mining license application planned for early 2027.
Funding to finish is in place, including up to US
$3M committed by the U.S. International Development Finance Corporation toward feasibility costs.
What the DFS tests: the 2024 PEA pegged OPEX near US
$61/t MOP, capital intensity around US
$600/t (vs. a peer average near US
$1,049/t), and a post-tax NPV(10) of US
$1.07B at 32.6% IRR. PEA-stage and preliminary, not reserves.
If the DFS holds those numbers, that low-cost profile is what carries through a full price cycle.
More: https://x.com/MLPotash/status/2066897476968227122