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Monday, March 06, 2023 6:23:44 PM
https://www.otcmarkets.com/stock/AABB/news/Asia-Broadband-Sources-New-Plant-Site-Equipment-For-Processing-Large-Scale-Gold-and-Silver-Ore-Stockpile?id=388404
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 $3 million cost and is initially planned to have a 200 ton per day (tpd) processing capacity. At this first level of processing, the mill is estimated to generate over $11 million in revenue annually. The Company will also be accelerating a mill expansion installation to increase the processing capacity 5 fold to 1,000 tpd, once the initial processing level of the mill is consistently at capacity.
The Company is expediting the construction of the new processing mill to be primarily utilized to process the stockpile ore, but AABB plans to also process ore from its other mining property interests that are economically located near the mill site. Additionally, a strategic mineral assay lab will be built on the facility site to reduce analysis costs and realize quicker mineral results reports, which will allow the Company to select the highest grade ore for processing to efficiently maximize plant revenues.
$AABB MORE DON PEPE PICS!!! 1000 TPD PROCESSING PLANT THAT WILL BE CONVERTING THAT $800 MILLION DOLLAR STOCKPILE INTO PURE SOLID GOLD!!! GOODBYE SUGARCANE FIELDS, HELLO GOLD FACTORY!!! pic.twitter.com/HZ4i0rNN18
— Benny Stox (@BennyStox) March 6, 2023
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