# Millennial Potash Files Updated Mineral Resource Estimate Report for Its Banio Potash Project Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/millennial-potash-files-updated-mineral-resource-estimate-report-for-its-banio-p--4af5be8a-4510-410c-bf26-cdb7d55b1d18 Original source: https://money.tmx.com/en/quote/MLP/news/5960292985830614/millennial-potash-files-updated-mineral-resource-estimate-report-for-its-banio-p Publisher: tmx Original announcement: 2025-12-29T21:45:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Millennial Potash Corp. - Ticker: MLP - Exchange: TSX - Region: Republic of Gabon - Primary commodity: Potash - Secondary commodities: Kcl - Document categories: Resource update - Extracted: 2026-09-16 11:00:34 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Millennial Potash has announced an updated Mineral Resource Estimate for the North Target of its Banio Potash Project in Gabon. The estimate, effective November 11, 2025, includes a total Measured and Indicated resource of 2,452.73 Mt at 15.61% KCL. Reasoning: The update provides a substantial mineral resource estimate for the Banio Potash Project, though a large portion remains in the Inferred category. - Positive factor: Significant tonnage reported - Positive factor: NI 43-101 compliant - Positive factor: QP signed off - Negative factor: High proportion of Inferred resource Facts used in scoring: 3 ## Classification and evidence **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The technical report was filed in compliance with NI 43-101. Evidence · text > in compliance with NI 43-101 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Two Qualified Persons \(Dr. Sebastiaan van der Klauw and Peter J. MacLean\) reviewed and approved the release. Evidence · text > both are Qualified Persons as that term is defined in National Instrument 43-101 **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: A significant portion of the resource \(3,559.49 Mt\) is classified as Inferred. Evidence · table > 3,559.49 Context: INFERRED ## Extracted facts Stored fact records: 3. Some facts used in scoring do not have a stored record. ## Resource Estimates (3) ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/millennial-potash-files-updated-mineral-resource-estimate-report-for-its-banio-p--4af5be8a-4510-410c-bf26-cdb7d55b1d18#fact-resource-facts-0) Banio Potash Project · kcl #### Identity - Project: Banio Potash Project - Commodity: kcl - Region: republic of gabon - Reported Region: Republic of Gabon - Ticker: MLP #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dr. Sebastiaan van der Klauw, Peter J. MacLean - Resource group id: resource:80c7ca6bdc68999b81ab - Deposit or zone: North Target #### Resource Data - Category: measured - Tonnes: 648190000 - Grade: 15.72 - Grade Unit: % #### Prior Estimate - Resource Date: 2025-11-11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-29T00:00:00.000Z Reasoning: Measured category intercept with strong grade. - Positive factor: High grade for potash Evidence · table > 15.72 Context: 648.19 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/millennial-potash-files-updated-mineral-resource-estimate-report-for-its-banio-p--4af5be8a-4510-410c-bf26-cdb7d55b1d18#fact-resource-facts-1) Banio Potash Project · kcl #### Identity - Project: Banio Potash Project - Commodity: kcl - Region: republic of gabon - Reported Region: Republic of Gabon - Ticker: MLP #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dr. Sebastiaan van der Klauw, Peter J. MacLean - Resource group id: resource:65946350098791677d11 - Deposit or zone: North Target #### Resource Data - Category: indicated - Tonnes: 1804540000 - Grade: 15.57 - Grade Unit: % #### Prior Estimate - Resource Date: 2025-11-11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-29T00:00:00.000Z Reasoning: Significant indicated resource component. - Positive factor: Large indicated tonnage Evidence · table > 15.57 Context: 1804.54 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/millennial-potash-files-updated-mineral-resource-estimate-report-for-its-banio-p--4af5be8a-4510-410c-bf26-cdb7d55b1d18#fact-resource-facts-2) Banio Potash Project · kcl #### Identity - Project: Banio Potash Project - Commodity: kcl - Region: republic of gabon - Reported Region: Republic of Gabon - Ticker: MLP #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Dr. Sebastiaan van der Klauw, Peter J. MacLean - Resource group id: resource:a6a98175187d9b5756e2 - Deposit or zone: North Target #### Resource Data - Category: inferred - Tonnes: 3559490000 - Grade: 15.61 - Grade Unit: % #### Prior Estimate - Resource Date: 2025-11-11 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-29T00:00:00.000Z Reasoning: Large tonnage but low geological confidence due to inferred status. - Positive factor: Large scale potential - Negative factor: High proportion of inferred resource Evidence · table > 15.61 Context: 3,559.49 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.