Asia Broadband’s Billion Dollar Gold and Silver Ore Stockpile Processing Plant Completion Expected In Q1 2025
Asia Broadband Inc. (OTC: AABB) announces that its new processing facility in Etzatlan, Mexico, is expected to be completed in Q1 2025. The plant will process a large-scale surface ore stockpile under an exclusive agreement. The completion date has been delayed from the original estimate of second half 2024 due to equipment delivery delays and weather conditions.
The facility is designed to process a 4 million ton ore stockpile with an estimated value of over $1 billion in gold and silver. The plant's initial capacity will be 200 tons per day, generating an estimated $11 million in annual revenue. AABB plans to expand capacity to 1,000 tons per day once initial production levels are established.
The company has invested in an on-site analysis lab to expedite production target identification and reduce costs. The total build-out budget for the facility is $3 million.
Asia Broadband Inc. (OTC: AABB) annuncia che la sua nuova struttura di lavorazione a Etzatlan, Messico, dovrebbe essere completata nel primo trimestre del 2025. L'impianto tratterà un grande stockpile di minerale superficiale sotto un accordo esclusivo. La data di completamento è stata posticipata rispetto alla stima originale della seconda metà del 2024 a causa di ritardi nella consegna dell'attrezzatura e delle condizioni atmosferiche.
La struttura è progettata per trattare un stockpile di minerale da 4 milioni di tonnellate con un valore stimato di oltre 1 miliardo di dollari in oro e argento. La capacità iniziale dell'impianto sarà di 200 tonnellate al giorno, generando un fatturato annuale stimato di 11 milioni di dollari. AABB prevede di espandere la capacità a 1.000 tonnellate al giorno una volta stabiliti i livelli iniziali di produzione.
L'azienda ha investito in un laboratorio di analisi in loco per accelerare l'identificazione degli obiettivi di produzione e ridurre i costi. Il budget totale per la costruzione della struttura è di 3 milioni di dollari.
Asia Broadband Inc. (OTC: AABB) anuncia que su nueva planta de procesamiento en Etzatlan, México, se espera que se complete en el primer trimestre de 2025. La planta procesará un gran stock de mineral en superficie bajo un acuerdo exclusivo. La fecha de finalización se ha retrasado desde la estimación original de la segunda mitad de 2024 debido a retrasos en la entrega de equipos y condiciones climáticas.
La instalación está diseñada para procesar un stock de mineral de 4 millones de toneladas con un valor estimado de más de 1 mil millones de dólares en oro y plata. La capacidad inicial de la planta será de 200 toneladas por día, generando unos 11 millones de dólares en ingresos anuales. AABB planea aumentar la capacidad a 1,000 toneladas por día una vez que se establezcan los niveles de producción iniciales.
La empresa ha invertido en un laboratorio de análisis en el lugar para agilizar la identificación de objetivos de producción y reducir costos. El presupuesto total de construcción para la instalación es de 3 millones de dólares.
아시아 브로드밴드 Inc. (OTC: AABB)는 멕시코 에차틀란에 있는 새로운 가공 시설이 2025년 1분기에 완공될 것으로 예상된다고 발표했습니다. 이 공장은 독점 계약에 따라 대규모 표면 광석 재고를 처리할 것입니다. 완공 날짜는 장비 배송 지연과 기상 조건으로 인해 원래 예상했던 2024년 하반기에서 연기되었습니다.
이 시설은 400만 톤의 광석 재고를 처리하도록 설계되어 있으며, 금과 은으로는 10억 달러 이상의 예상 가치를 가지고 있습니다. 공장의 초기 용량은 하루 200톤으로, 연간 1100만 달러의 수익을 창출할 것으로 예상됩니다. AABB는 초기 생산 수준이 설정되면 용량을 하루 1,000톤으로 확장할 계획입니다.
회사는 생산 목표 확인을 가속화하고 비용을 줄이기 위해 현장 분석 실험실에 투자했습니다. 시설 구축의 전체 예산은 300만 달러입니다.
Asia Broadband Inc. (OTC: AABB) annonce que sa nouvelle installation de traitement à Etzatlan, au Mexique, devrait être achevée au premier trimestre 2025. L'usine traitera un stock de minerai de surface à grande échelle dans le cadre d'un accord exclusif. La date d'achèvement a été retardée par rapport à l'estimation initiale de la seconde moitié de 2024 en raison de retards de livraison d'équipements et de conditions météorologiques.
L'installation est conçue pour traiter un stock de minerai de 4 millions de tonnes d'une valeur estimée à plus de 1 milliard de dollars en or et en argent. La capacité initiale de l'usine sera de 200 tonnes par jour, générant un chiffre d'affaires annuel estimé à 11 millions de dollars. AABB prévoit d'augmenter la capacité à 1 000 tonnes par jour une fois que les niveaux de production initiaux seront établis.
L'entreprise a investi dans un laboratoire d'analyse sur site pour accélérer l'identification des objectifs de production et réduire les coûts. Le budget total de construction pour l'installation est de 3 millions de dollars.
Asia Broadband Inc. (OTC: AABB) kündigt an, dass seine neue Verarbeitungsanlage in Etzatlan, Mexiko, voraussichtlich im 1. Quartal 2025 fertiggestellt wird. Das Werk wird einen groß angelegten Oberflächenlagerbestand an Erzen im Rahmen eines exklusiven Vertrags bearbeiten. Der Fertigstellungstermin wurde aufgrund von Verzögerungen bei der Auslieferung von Ausrüstungen und wetterbedingten Umständen von der ursprünglich geschätzten zweiten Hälfte des Jahres 2024 verschoben.
Die Anlage ist darauf ausgelegt, ein 4 Millionen Tonnen Erzlager mit einem geschätzten Wert von über 1 Milliarde Dollar an Gold und Silber zu verarbeiten. Die anfängliche Kapazität des Werks wird 200 Tonnen pro Tag betragen, was voraussichtlich etwa 11 Millionen Dollar Jahresumsatz generiert. AABB plant, die Kapazität auf 1.000 Tonnen pro Tag zu erhöhen, sobald die anfänglichen Produktionsniveaus festgelegt sind.
Das Unternehmen hat in ein vor Ort befindliches Analyse-Labor investiert, um die Identifizierung der Produktionsziele zu beschleunigen und die Kosten zu senken. Das gesamte Budget für den Ausbau der Anlage beträgt 3 Millionen Dollar.
- Exclusive agreement to process a 4 million ton ore stockpile valued at over $1 billion
- Initial processing capacity of 200 tons per day, estimated to generate $11 million in annual revenue
- Plans to expand processing capacity to 1,000 tons per day
- On-site analysis lab to improve efficiency and reduce costs
- Completion date delayed from second half of 2024 to Q1 2025
- $3 million investment required for facility build-out
LAS VEGAS, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that the Company’s new processing facility site in Etzatlan, Mexico, continues with the installation process with an expected completion date in Q1 2025. The plant will be primarily dedicated to processing a large-scale surface ore stockpile per the Company’s exclusive agreement. Previously, the plant construction and installation target completion estimate was the second half of 2024, but several of the major equipment and supporting accessories deliveries were delayed by the Asian suppliers, beyond the Company’s control. Additionally, the plant construction team has worked through delays caused by permitting processes and seasons of severe weather conditions. In the coming months, the last remaining equipment necessary to complete the plant will be delivered, installed and tested for integration into the plant system processes.
The Company continues with its on-site lab testing campaign by utilizing recently gathered data and the stockpile evaluation technical report to extrapolate the highest mineral concentration targets for evaluation and confirmation for prioritized processing. The on-site analysis lab is an efficiency tool that expedites the production target identification process with rapid test results and extensive testing capacity. The lab and testing program accelerates the new processing facility operations with reduced costs and maximized plant revenues.
AABB’s new plant is designed and under construction to 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.
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
To download the Las Jimenez Stockpile Mineral Evaluation Report, go to:
https://asiabroadbandinc.com/la-paz-etzatlan/
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
5 fold to 1,000 tpd, once the initial processing level of the mill is consistently at capacity.
“As we continue to receive the remaining pieces of equipment for installation and testing over the coming months, we will remain focused on utilizing the high-grade testing results completed by our technical team from the ore stockpile to create prioritized target zones for production. With our own mineral testing lab on the facility site, we can identify the highest mineral concentration priority targets in a very short period of time instead of having to rely on outside mineral analysis services. The efficiency and quality advantage with our processing lab will allow us to achieve the greatest value throughput to maximize and expand revenues when stockpile production begins,” explained Chris Torres, AABB President and CEO.
About Asia Broadband
Asia Broadband Inc. (OTC: AABB) is a resource company focused on the production of precious metals and the accumulation of physical gold holdings. The Company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate the expansion of precious metals property holdings and production in Mexico. The Company's industry and business integration in Mexico and its asset diversification are unique strengths of AABB that differentiate it from other companies and creates distinctive value for shareholders. Additionally, the Company has a digital assets business segment with its AABBG mine-to-token gold-backed cryptocurrency within its own proprietary AABB Wallet and the unique Golden Baboons Mining Club and Shorts Rascal Club Non-Fungible Token (NFT) collections. 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 and digital asset developers.
| Contact the Company at: | |
| General Email: | ir@asiabroadbandinc.com |
| Token Support: | support@aabbgmine2token.com |
| Company Websites: | www.asiabroadbandinc.com |
| www.aabbgmine2token.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.’s (the “Company”) expected current beliefs about the Company’s business, which are subject to uncertainty and change. The operations and results of the Company could materially differ from what is expressed or implied by the statements made above when industry, regulatory, market and competitive circumstances change. Further information about these risks can be found in the annual and quarterly disclosures the Company has published on the OTC Markets website. The Company is under no obligation to update or alter its forward-looking statements as future circumstances, events and information may change.
FAQ
When is Asia Broadband's (AABB) new processing facility expected to be completed?
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