LAS VEGAS, Aug. 03, 2023 (GLOBE NEWSWIRE) — Asia Broadband Inc. (OTC: AABB) (“AABB†or the “Companyâ€) is pleased to announce that the Company has began preparations to install the recently received deliveries of processing plant machinery and laboratory mineral analysis equipment for the new facility site in Etzatlan, Mexico. The installation arrangements and equipment deliveries follow the Companyâ€
To view AABB processing equipment videos & pictures go to:
https://twitter.com/AsiaBroadband/status/1686842848363343872?
https://twitter.com/AsiaBroadband/status/1686850303927386114?
https://twitter.com/AsiaBroadband/status/1686851971364622336?
To view AABB videos of the manufacturer visits in China, go to:
https://www.youtube.com/watch?v=mVdo7hgjtgE
AABBâ€
In December 2022, AABB completed the land purchase for the site of the new processing facility to be constructed with respect to the terms of the historic and long-term processing and production agreement signed previously for a large-scale gold and silver ore stockpile located in Las Jimenez, Etzatlan, Jalisco, Mexico. The agreement allows the Company exclusivity to purchase the 4 million ton ore stockpile at an economically feasible price point. A recent evaluation report has estimated the stockpile to represent over $ 800 million in total gold and silver value. The stockpile processing project is the largest high-yield asset addition for the Company to date in its strategic expansion initiative to acquire gold production and increase AABBâ€
The 4.94 hectare processing plant land parcel, that includes a water concession, is located approximately 5.8 miles from the ore stockpile in Etzatlan, Mexico, and 48 miles from the AABB Buenavista mining warehouse. The new facility build-out is budgeted for a $3 million cost and is initially planned to have a 200 ton per day (tpd) processing capacity. At this first level of processing, the mill is estimated to generate over $11 million in revenue annually. The Company will also be accelerating a mill expansion installation to increase the processing capacity 5 fold to 1,000 tpd, once the initial processing level of the mill is consistently at capacity.
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About Asia Broadband
Asia Broadband Inc. (OTC: AABB) is a resource company focused on the production, supply and sale of precious and base metals, primarily to Asian markets. The Company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate its innovative distribution process from the production and supply of precious and base metals in Mexico to client sales networks in Asia. This vertical integration approach to sales transactions is the unique strength of AABB that differentiates the Company and creates distinctive value for shareholders. Additionally, the Company has added a digital assets business segment with its AABBG freshly minted mine-to-token gold-backed cryptocurrency within its AABB Wallet, a proprietary digital exchange AABBExchange, a proprietary cryptocurrency payment gateway solution PayAABB.com and its Golden Baboons Mining Club NFT collection. AABB expects its token to become a world-wide standard of exchange that is stable, secured and trusted with gold backing, while having the added benefit of demand based price appreciation. These are unique and outstanding qualities relative to other cryptocurrencies.
Contact the Company at: | ||
General Email: | ir@asiabroadbandinc.com | |
Exchange Support: | https://aabbexchange.com/faq/ | |
Token Support: | https://aabbgoldtoken.com/faq/aabb-wallet/ | |
www.AABBGoldToken.com/support/ | ||
Company Websites: | www.asiabroadbandinc.com | |
www.AABBExchange.com | ||
www.AABBGoldToken.com | ||
www.PayAABB.com | ||
www.goldenbaboons.com | ||
Phone: | 702-866-9054 | |
Forward-Looking Statements are contained in this press release within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Asia Broadband Inc.â€
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