Millennial Potash secures Haute Banio permit, expands Mayumba footprint

Описание: Millennial Potash Chairman Farhad Abasov joined Steve Darling from Proactive to announce the company has been granted the “Haute Banio” exploration permit, located adjacent to its core Mayumba exploration permit in southern Gabon. The Haute Banio exploration permit covers 261.39 square kilometres and is contiguous with the Mayumba permit.

Strategically positioned, it fills the gap between the existing Mayumba exploration area and the Atlantic Ocean to the north, as well as the border with the Republic of the Congo to the south. A portion of the new permit also encompasses marine coastline areas, significantly enhancing the company’s coastal access.

Abasov explained that the addition of the Haute Banio permit is strategically important to Millennial’s long-term development plans. With this award, the company now controls all of the western coastline areas tied to the project. He noted that the issuance of the permit reflects strong and ongoing support from the Gabonese government and recognizes the substantial progress the company has made advancing the Mayumba project.

Drilling planned for the second half of 2026 will target the westward extension of the thick potash mineralization identified at Banio to date. The new permit also provides direct ocean access for potential future development requirements stemming from the ongoing Definitive Feasibility Study. In addition, it includes access to an existing road linking the project area to the local airport and the nearby town of Mayumba, supporting future logistics planning.

The Haute Banio exploration permit is valid for an initial three-year term and may be renewed for two additional three-year periods. Millennial has committed to a comprehensive exploration program that will include geological and geophysical studies, seismic data reinterpretation, drilling, a new resource estimate, and the development of an Environmental and Social Management Plan.

With this addition, Millennial Potash now controls approximately 1,500 square kilometres of exploration ground, fully covering the prospective potash-bearing units in Gabon and further consolidating its position in the region.

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