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Asia Broadband Enters Final Stages of Facility Testing For Its Gold and Silver Ore Processing Plant’s Grand Opening And Ribbon Cutting Ceremony Scheduled On Or Before April 15, 2025
Asia Broadband Enters Final Stages of Facility Testing For Its Gold and Silver Ore Processing Plant’s Grand Opening And Ribbon Cutting Ceremony Scheduled On Or Before April 15, 2025.
About this update from Asia Broadband, Inc.
[{"type":"text","content":"\n LAS VEGAS, April 02, 2025 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that the Company’s new gold and silver ore processing facility in Etzatlan, Mexico, is in the final stages of testing in preparation for the grand opening and ribbon cutting ceremony on or before April 15, 2025. The Company’s technical crews have been diligently conducting rotational testing of all plant systems since March 10 to ensure processing consistency after the plant opening. Participating in the grand opening and ribbon cutting ceremony will be regional government officials and industry leaders to mark and celebrate the tremendous milestone achievement of AABB’s mining operations group and highlight the extensive local economic benefits for the community with the new facility operations. AABB’s new plant is designed to utilize advanced mining equipment automation and efficiencies to maximize processing throughput and metals extraction and minimize the production costs. The unique benefits of the Company’s on-site lab and testing program accelerates the new processing facility operations with reduced costs and maximized plant revenues. Additionally, the facility has been built with expanded processing capability that will be implemented after the initial production levels have been established. 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. An evaluation report has estimated the stockpile to represent over $1 billion 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 AABB’s physical gold holdings. “Our technical team has worked meticulously long hours since the beginning of the year to bring all the elements of the new processing facility together for the impending opening. We ...