Millennial Potash Corp. (TSE:MLP) has released an update.
Millennial Potash Corp. has announced a successful Preliminary Economic Assessment for its Banio Potash Project, boasting an after-tax net present value (NPV) of $1.07 billion and an internal rate of return (IRR) of 32.6%. The project estimates an initial capital expenditure of $480 million with an impressively low operational expense of $61 per tonne, positioning the Banio Project as a competitive player in the potash market. The company is now preparing for further resource updates and feasibility studies.
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