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Asia Broadband Receives Initial Delivery of New Plant Equipment For Large-Scale Gold & Silver Ore Stockpile Processing Following Recent Manufacturers Visits In China
Asia Broadband Receives Initial Delivery of New Plant Equipment For Large-Scale Gold & Silver Ore Stockpile Processing Following Recent Manufacturers Visits In China.
About this update from Asia Broadband, Inc.
[{"type":"text","content":"\n LAS VEGAS, June 21, 2023 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that the Company has received the initial deliveries of processing equipment and the majority of the laboratory mineral analysis equipment for the new facility site in Etzatlan, Mexico. The equipment deliveries follow the Company’s recently completed meetings and facility tours with mining processing manufacturers in China. During the visits with Liming Heavy Industry Science & Technology Co. Ltd. and Mecru Heavy Industry Technology Co. Ltd. in Zhengzhou, Henan, China, the Company verified and secured the shipments and deliveries of additional processing equipment for the new plant in Mexico. Furthermore, the Company’s management embraced and utilized the opportunity to establish and expand its relationships with mining industry and other business contacts throughout the trip. To view AABB videos of the manufacturer visits in China, go to:https://www.youtube.com/watch?v=mVdo7hgjtgE AABB’s management and technical consultants are expediting the construction of the new processing facility and have set a 3rd quarter 2023 completion timeline to achieve full operations. The new plant will utilize advanced mining equipment automation and efficiencies to maximize processing throughput and metals extraction and minimize the production costs. Additionally, the new facility will be built with expanded processing capability that will be implemented after the initial production levels have been established. The processing facility will also have a mineral assay and strategic analysis laboratory on site that will reduce costs and supply rapid mineral results reports. The lab will allow the Company to select the highest grade ore for processing to efficiently maximize plant revenues. 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 est...