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UPDATE - Asia Broadband Receives Second Delivery of New Plant Equipment For Large-Scale Gold & Silver Ore Stockpile Processing Following Manufacturers Visits In China
UPDATE - Asia Broadband Receives Second Delivery of New Plant Equipment For Large-Scale Gold & Silver Ore Stockpile Processing Following Manufacturers Visits In China.
About this update from Asia Broadband, Inc.
[{"type":"text","content":"\n LAS VEGAS, Aug. 22, 2023 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that the Company has received a second major delivery of processing equipment for its new facility site in Etzatlan, Mexico. Additionally, installation preparations have been ongoing subsequent to the Company receiving its initial deliveries of processing plant machinery and mineral analysis laboratory equipment in recent months. 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 The progress towards completion of the new plant facility follows the Company’s meetings and facility tours several months ago 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 trip to China allowed AABB’s management to embrace and utilize the opportunity to establish and expand its relationships with mining industry and various other business contacts. 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 si...