Asia Broadband Boosts Operations with New Mineral Lab
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On-Site Mineral Analysis Lab Achieves High-Grade Results
Asia Broadband Inc. (OTC: AABB) is pleased to announce that the Company’s on-site mineral analysis laboratory has confirmed high-grade results from the targeted ore stockpile testing campaign. This initiative aims to enhance the operational efficiency at a new processing facility in Etzatlan, Mexico. The testing utilizes comprehensive data and a stockpile evaluation technical report to identify high mineral concentration targets for processing, expediting production processes while ensuring optimal resource utilization.
Advanced Mining Equipment and Processing Efficiency
AABB’s new processing plant is designed to incorporate advanced mining equipment automation, aimed at maximizing throughput and improving extraction rates for precious metals while minimizing production costs. The facility will be constructed with expanded capabilities, ensuring adaptability to increased production levels following initial setup.
Strategic Land Acquisition and Resource Value
In a focused strategic move, AABB completed the acquisition of land for the new processing facility, aligned with a comprehensive processing and production agreement for a significant gold and silver ore stockpile. This stockpile, located in Las Jimenez, Etzatlan, is estimated at a valuation exceeding $1 billion, underscoring its importance as a high-yield asset for the Company's expansion plan. The agreement provides AABB exclusivity in purchasing a 4 million ton ore stockpile at an economically viable price.
Processing Plant Specifications and Revenue Goals
The processing plant, occupying a 4.94-hectare parcel of land with a water concession, is located within proximity to key resources. Initially planned with a processing capacity of 200 tons per day, the facility is projected to generate substantial annual revenue. Furthermore, AABB plans to expand processing capabilities fivefold to 1,000 tons per day, enhancing profitability as operational efficiencies are established.
Efficient Testing and Production Target Identification
Chris Torres, AABB President and CEO, highlighted the impact of their on-site mineral testing lab in confirming high-grade results and establishing prioritization for production. The lab facilitates rapid testing and analysis, allowing for quick identification of valuable mineral concentration targets, which is crucial for maximizing revenue potential.
About Asia Broadband Inc.
Asia Broadband Inc. (OTC: AABB) focuses on producing precious metals, particularly gold, while enhancing its physical gold holdings. Leveraging geographic expertise and industry connections, AABB aims to extend its precious metals properties in Mexico, setting itself apart with unique strengths that deliver notable shareholder value. Additionally, AABB is innovating within the digital assets sector, promoting a gold-backed cryptocurrency and NFT collections designed to offer stability and security in the digital space, aimed at becoming a standard for global exchanges.
Frequently Asked Questions
What does the new mineral analysis lab do?
The on-site mineral analysis lab conducts tests on ore stockpiles to accurately determine the concentration of minerals, aiding in prioritizing production targets.
What are AABB's future plans for the processing facility?
AABB plans to enhance the processing capacity of the facility from an initial 200 tons per day to 1,000 tons per day to significantly increase production and revenue.
What is the estimated value of the ore stockpile?
The ore stockpile has an estimated total value exceeding $1 billion in gold and silver, marking it as a critical asset for the company's growth.
How does AABB differentiate itself from competitors?
AABB utilizes specific geographic knowledge, industry expertise, and asset diversification strategies, establishing a unique competitive edge in the precious metals market.
What is the goal of AABB's digital assets initiative?
AABB aims to create a stable, secure, and trusted gold-backed cryptocurrency aimed at becoming a global standard for exchange, while also expanding its unique NFT collections.
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