Millennial Potash reported about 132 m of cumulative potash mineralisation in drillhole BA-007 at its Banio project in Gabon, completed to a depth of approximately 625 m. The company said the result extends the known mineralised footprint westward, and it expects an updated resource estimate after interpreting the drilling data; drilling at BA-008 is also under way.
The result could support a larger potash resource and improve the project's development prospects, potentially adding to future fertilizer supply. It does not change current supply, so near-term potash prices are unlikely to be affected.
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