Asia Broadband Inc. provides an update on its processing plant operations, outlining delays and progress. The company expects the plant to be operational by mid-March 2025, with initial production targets and estimated revenue projections.
LAS VEGAS, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce the following corporate update for the Company: Our engineering team is expecting to have the processing plant operating by mid-March 2025. We have encountered many delays with the delivery of equipment from one of our key suppliers in China, specifically Henan Mecru Heavy Industry Co. Ltd.
Additionally, severe weather and permitting issues has set our projected start date timeline back over 12 months. However, our on-site assay laboratory is fully functional and has been operating for many months now. Numerous samples from taken from our Stockpile and nearby concessions have been analyzed with very positive results. The first line of production, which is a mineral flotation process, will be capable of producing up to 500 tons per day. The initial processing target will be 350 tons per day for the first 3 months and then gradually increase to 500 tons per day. With an average production cost of $56.75 USD per ton, we estimate a net revenue of $1,973,282 USD in the first 3 months of operations and $10,430,207 USD in the first 12 months. Our second line of production, which is a cyanidation process, is also estimated to go into production September 2025, with an initial target of 200 tons per day for the first 4 months and gradually increase to 500 tons per day. Since the cyanidation process produces a higher yield, the estimated net revenue is expected to increase to $2,322,152 USD in the first 4 months of operations and $13,932,912 USD in the first 12 months. As an industry leader in innovation and breaking away from traditional methodologies, the Company will be installing a series of Live Streaming Video cameras onsite. We believe this a first ever live stream from any mineral processing plant, giving real time access to our investors.To date, 8,000 tons of strategically targeted ore has been delivered onsite to our plant in Etzatla
ASIA BROADBAND PROCESSING PLANT MINERAL FLOATATION CYANIDATION LIVE STREAMING
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