Millennial Potash Corp · TSXV:MLP
Millennial Potash — Investor Presentation (June 2024)
25 slides from Millennial Potash's investor presentation, June 2024
Slide 1: Fast Tracking the Development of the Banio Potash Project
P O T A S H CORPORATE PRESENTATION, JUNE 2024 FAST TRACKING THE DEVELOPMENT OF THE BANIO POTASH PROJECT TSX-V: MLP | OTCQB: MLPNF | FRANKFURT: X0D
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS This Presentation includes, and is based on, forward-looking information and statements including “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act. These Forward-Looking Statements include references to or assump
Slide 3: Our Vision and Strategy
OUR VISION AND STRATEGY MARKET VISION STRATEGY VIEW EXECUTION Potash – Food security, Develop quality potash Strong team to build the traditional supply source assets with low-cost project: right industry, right constrained structure and good country, right project infrastructure TSX-V: MLP | OTCQB:
Slide 4: Banio Potash Project: Large Resource with Low-Cost Economics
BANIO POTASH PROJECT LARGE RESOURCE WITH LOW-COST ECONOMICS Preliminary Economic Assessment: Large Maiden Resource Estimate Strong Team Track-Record: After-tax NPV (10): $1.08 Billion covering only 5% of the project Over C$3 Billion in M&A exits: After-tax IRR: 32.6% area: 656 Million Tonnes of Mill
Slide 5: Right Management Team – Replicating Past Success
RIGHT MANAGEMENT TEAM – REPLICATING PAST SUCCESS Most Recent Exits: Millennial Lithium (TSXV: ML - $490M), Allana Potash (TSX: AAA - $170M), Potash One (TSX: KCL - $430M) Farhad Abasov, MBA Jason Wilkinson M.Sc. Paul Matysek, M.Sc. Rick Lacroix, B.Sc. Chairman, Director Chief Executive Officer Senio
Slide 6: A Proven Potash Basin
A PROVEN POTASH BASIN The Millennial Potash Project covers 1,238 km2 and is located approx. 450 km south of Libreville along the Atlantic coast of Gabon Congo Basin is a proven potash basin with numerous project in the Republic of Congo (ROC) Access via several roads to Mayumba and waterways provide
Slide 7: Gabon, Solid Jurisdiction
GABON, SOLID JURISDICTION Stable country with low sovereign risk, 3rd highest per capita GDP in Africa; joined the British Commonwealth (June 2022) Transparent mining jurisdiction, proactive in diversification from mainstay oil and gas industries Recently revised investor-friendly mining law Major g
Slide 8: Past Exploration
PAST EXPLORATION Previous operator completed 3 potash core drillholes in 2017 at the Alpha Target in the central part of the license Potash at Alpha is fairly shallow, intersected from 230m to 520m depth Drilling defined 5 potash cycles in the target evaporite stratigraphy comprised of thick carnall
Slide 9: New Geology Model-Extension Drilling
New Geology Model-Extension Drilling: Previously drilled holes in red at Banio. Good correlation of potash cycles between holes BA-002 and BA-003 and with oil/gas holes BATC-1 and BA- 002 located 20 km south within the license. Resampling and extension drilling in 2023 expands potash cumulative thic
Slide 10: Mineral Resource Estimate
MINERAL RESOURCE ESTIMATE Northern Part of the project; large initial deposit; 70-meter thick Maiden NI 43-101 compliant Mineral Resource Estimate completed Q1 2024 based on 2 potash specific drillholes covering a small part of the North Target. Resources include carnallitite and sylvinite at North
Slide 11: Preliminary Economic Assessment - North Target
PRELIMINARY ECONOMIC ASSESSMENT - NORTH TARGET DCFM yielded robust results including: Line Item Unit ➢ $1.07B after-tax NPV(10) and 32.6% IRR ➢ $480M initial CAPEX estimate Production Rate MOP t/a 800 k TPY ➢ $62M Contingency ➢ $61/T gMOP OPEX Total Initial CAPEX US$ million 480 Capital Intensity US
Slide 12: Preliminary Economic Assessment - Industry Benchmarking
PRELIMINARY ECONOMIC ASSESSMENT - INDUSTRY BENCHMARKING When compared to its peers, Capital Intensity for project construction shows that Banio is at the very low end of the cost curve *Source: Company reports and websites, data sources vary from PEA to DFS Banio demonstrates Lower Operating Expendi
Slide 13: Proven Solution Mining Method – Advantages
PROVEN SOLUTION MINING METHOD – ADVANTAGES SEVERAL SOLUTION MINING POTASH OPERATIONS IN CANADA AND GERMANY ENVIRONMENTALLY FRIENDLY LOWER CAPEX, SUSTAINING CAPEX AND OPEX MODULAR DEVELOPMENT TSX-V: MLP | OTCQB: MLPNF | FRANKFURT: X0D 13
Slide 14: Millennial Potash Project – Progress 2023-24
MILLENNIAL POTASH PROJECT – PROGRESS 2023-24 Progress in 2023-24 includes camp rehabilitation, refurbishing and Seismic reinterpretation completed outlining the potash-bearing Salt maintenance on drill equipment, clearing old drill roads to new Sequence reaches 800m thick providing attractive explor
Slide 15: Millennial Potash Project – Stage 1 Drilling
MILLENNIAL POTASH PROJECT – STAGE 1 DRILLING Stage 1 drill program focused on the extension of historic drillhole BA-002 with coring beyond the bottom of the old hole at a depth of approx. 519m Potash mineralization, in the form of bright red nodular carnallite bedding was intersected and is interpr
Slide 16: Millennial Potash Project - Stage 1 Results
MILLENNIAL POTASH PROJECT - STAGE 1 RESULTS In the recent drill program hole BA-002 was extended to a depth of 552.50m. • Intersection of Cycle IV evaporite sequence highlighted by 4.17m of bright red, nodular carnallitite which returned 17% KCl • Intersection of Cycle III evaporite sequence which y
Slide 17: Seismic Data Correlates Well with Drill Core
SEISMIC DATA CORRELATES WELL WITH DRILL CORE Reinterpretation of historic seismic data identifies potash bearing Salt Sequence up to 800m thick with potential to host multiple carnallite and sylvanite horizons. This reinterpretation will target future drilling as the Salt Sequence has been identifie
Slide 18: Millennial Potash Project – Local Infrastructure
MILLENNIAL POTASH PROJECT – LOCAL INFRASTRUCTURE Road access to Mayumba and then easy boat/barge access to site Exploration camp for 50 people, power generation, and air-conditioned Grande Mayumba constructing new port at Mayumba with storage/ accommodations rehabbed and operational industrial park
Slide 19: Infrastructure Build Up – Port Development Progressing
INFRASTRUCTURE BUILD UP – PORT DEVELOPMENT PROGRESSING PORT DEVELOPMENT PHASES: • Phase 1 - 130m quay - up to 10 ha logistics area - will support barges and LCTs with draft of 3m • Phase 2 - 360m quay - Loading platform/infrastructure for Ocean Going Vessels (OGV) - Accommodate draft of 7m - Port se
Slide 20: Infrastructure Build Up – Power Plant and Gas Pipeline
INFRASTRUCTURE BUILD UP – POWER PLANT AND GAS PIPELINE •Government of Gabon, Perenco Oil and Gas Gabon (POGO) and Gabon Power Company sign MOU to construct thermal power plant in Mayumba •Thermal power plant to have an initial output of 21MW, expandable to 50MW •A 20 KV distribution line and a trans
Slide 21: Significant Advantages in Potash Markets
SIGNIFICANT ADVANTAGES IN POTASH MARKETS Russia and Belarus produce almost 35% of global potash, Canada produces about 30% Millennial Potash advantages include to proximity to major potash Brazil remains a significant importer markets; shipping time particularly to of MOP, 12-13 M tonnes per year Br
Slide 22: Millennial Potash Development Plan
MILLENNIAL POTASH DEVELOPMENT PLAN Initial Phase 1 exploration program included rehabilitation of camp infrastructure, importation of new drilling equipment. Phase 1 drilling followed by updated Mineral Resource Estimate (MRE) and continued permitting Upon completion of the MRE, Phase 2 exploration
Slide 23: Millennial Potash Capital Structure
MILLENNIAL POTASH CAPITAL STRUCTURE TSX-V: MLP | OTCQB: MLPNF | Frankfurt: X0D Millennial Potash Corp. Share Capital Structure – Jan. 18 2024 Board and Management Ownership Approx. 30% Price Shares Cash (31/08/23) Issued and Outstanding Common Shares 57,668,000 $1,629,000 Warrants: Warrants Expiring
Slide 24: Millennial Potash Project – Investment Opportunity
MILLENNIAL POTASH PROJECT– INVESTMENT OPPORTUNITY Robust potash project with positive Ideal time to invest in the PEA indicating CAPEX at $480M, OPEX potash sector as global supplies at $61/T for 800K T/Y MOP, plus constrained due to the disruption compelling After Tax NPV (10) of $1.07B of Russian
Slide 25: Have Questions?
HAVE QUESTIONS? GET IN TOUCH WITH MILLENIAL POTASH CORP. Millennial Potash Corp. Suite 300 – 1455 Bellevue Ave. West Vancouver, BC Canada V7T1C3 E-Mail: info@millennialpotash.com Website: www.millennialpotash.com Farhad Abasov – Chairman Email: Farhad@millennialpotash.com Jason Wilkinson – Chief Exe
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