Asia Broadband: Stock Image: AABB

$AABB Treasured Metals

$AABB Golden Baboon

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$AABB Bonanza Mine

$AABB Tequila Mission

Gross Revenue of $4.6 Million in Q1 of 2023 for Multi-Position Mining Firm with Enhanced Blockchain Token Gross sales Program: Asia Broadband Inc. (Stock Image: AABB)

Asia Broadband, Inc. (OTCMKTS:AABB)

LAS VEGAS, NEVADA, UNITED STATES , July 11, 2023/EINPresswire.com/ — Gross Revenue of $4.6 Million in Q1 of 2023 for Multi-Position Mining Firm with Enhanced Blockchain Token Gross sales Program: Asia Broadband Inc. (Stock Image: AABB)

Lively and Increasing Mining Operations in Mexico for Base & Treasured Metals.

Established Advertising and marketing Program to the Asian Markets for Excessive Development Returns.

Sturdy Gross Revenue of $4.6 Million in The First Quarter of 2023.

Token Change to the Algorand Blockchain for Enhanced Effectivity and Consumer Expertise.

100% Owned Registered Concession at Bonanza Gold Mine Mission in Acaponeta, Nayarit, Mexico.

Mineral Useful resource Estimates of Gold and Silver Values in Preliminary Technical Report Exceed $10 Million.

Obtained Preliminary Deliveries of Processing Tools and Laboratory Mineral Evaluation Tools for New Facility in Etzatlan, Mexico.

Expediting Building of New Processing Facility with third Quarter 2023 Completion Timeline to Obtain Full Operations.

Asia Broadband Inc. (OTC: AABB) is a useful resource firm centered on the manufacturing, provide and sale of treasured and base metals, primarily to Asian markets. AABB makes use of its particular geographic experience, expertise and intensive business contacts to facilitate its modern distribution course of from the manufacturing and provide of treasured and base metals in Mexico to shopper gross sales networks in Asia. This vertical integration method to gross sales transactions is the distinctive energy of AABB that differentiates the Firm and creates distinctive worth for shareholders.

Moreover, AABB has added a digital belongings enterprise phase with its AABBG freshly minted mine-to-token gold-backed cryptocurrency inside its AABB Pockets, a proprietary digital alternate AABBE xchange, a proprietary cryptocurrency cost gateway resolution PayAABB.com and its Golden Baboons Mining Membership NFT assortment. AABB expects its token to develop into a world-wide customary of alternate that’s secure, secured and trusted with gold backing, whereas having the additional advantage of demand primarily based value appreciation. These are distinctive and excellent qualities relative to different cryptocurrencies.

AABBG Token Change to the Algorand Blockchain for Enhanced Effectivity and Consumer Expertise, Gross Revenue of $4.6 million in First Quarter of 2023

On July eleventh AABB introduced that its AABBG Token, a number one blockchain undertaking, is migrating from the Ethereum blockchain to the Algorand blockchain. The migration course of is nearing completion and is predicted to be absolutely applied within the coming weeks to supply token holders with improved transaction effectivity, decrease prices, and elevated transparency.

The choice emigrate to the Algorand blockchain stems from the AABB Token’s dedication to enhancing the general consumer expertise and addressing the evolving wants of its group. By leveraging the superior options and advantages of Algorand’s blockchain infrastructure, AABBG Token goals to supply its customers a seamless and environment friendly ecosystem.

The brand new Algorand platform is a key part of the digital belongings enhancements initiative to dramatically decrease transaction prices and enhance processing speeds, develop liquidity and enhance consumer satisfaction. The first aim of AABB with the platform change is to synergize the expansion of the AABBG token, AABB Change and PayAABB by creating added efficiencies to facilitate widespread use, enhance transaction volumes and develop digital enterprise phase earnings.

AABB recorded a sturdy gross revenue of $4.6 million within the first quarter of 2023. Main the way in which was document excessive quarter for the Firm’s digital belongings phase with $3.9 million in gross sales of the AABBG token mixed with the preliminary gross sales of the Golden Baboons Mining Membership NFT (Non-Fungible Token) assortment launch in late February.

Moreover, the AABB mining phase continued its gold manufacturing from 2022 into Q1 of this yr and is predicted to develop dramatically with the set up of a brand new processing facility and the graduation of the ore stockpile manufacturing within the second half of 2023.

Key Highlights of the Algorand Migration:

1. Enhanced Transaction Effectivity: The migration to the Algorand blockchain will considerably scale back transaction prices and enhance transaction speeds. Customers can count on sooner, extra dependable transactions, guaranteeing a seamless expertise throughout the AABB Token ecosystem.

2. Decrease Community Transaction Prices: AABBG Token will profit from Algorand’s modern design, enabling considerably decrease community transaction prices in comparison with the present Ethereum-based infrastructure. The ALGO payment for any transaction is at all times mounted at a nominal quantity, whatever the transaction dimension.

3. Elevated Transparency: Algorand’s blockchain know-how supplies enhanced transparency and safety, guaranteeing the integrity of AABBG Token transactions. Customers could have entry to a decentralized and immutable ledger, providing the next degree of belief and accountability.

The migration course of will probably be executed meticulously to reduce any disruption to AABBG Token holders. Pre-funding of Algorand accounts will probably be offered to facilitate the conversion course of, guaranteeing a easy transition. The present AABBG Token on the Ethereum blockchain will probably be transformed to the brand new Algorand-based AABBG Token at a one-to-one ratio, sustaining the worth and integrity of customers’ holdings.

AABB Advances Useful resource Report Growth Program at Bonanza Gold Mine Mission in Mexico

On June twenty eighth AABB introduced it has progressed considerably in current months with the exploration and improvement actions at its 100% owned registered concession on the Bonanza Gold Mine Mission positioned in Acaponeta, Nayarit, Mexico. The continued AABB program has revealed excellent indications which have elevated the potential of the Bonanza property, as the event actions have been directed by the suggestions outlined within the licensed geological technical report ready by a certified skilled particular person (QP) from Micon Worldwide Restricted.

The preliminary mineral useful resource estimates of gold and silver values contained within the preliminary technical report exceed $10 million on the present spot treasured steel costs, previous to the continued work packages. The AABB geological and mining operations group has been using the report to maximise its exploration, improvement and useful resource growth program, in addition to facilitate manufacturing, efficiencies and processing tools installations. The Bonanza gold undertaking is one other potential excessive yield mining asset within the Firm’s strategic initiative to extend gold manufacturing and AABB bodily gold holdings.

Positioned within the prolific mining area of Acaponeta in Nayarit, Mexico, the AABB Bonanza property has proven high-grade gold assay outcomes from samples and drilling actions with probably the most vital gold values of greater than 10 grams per ton (g/t).

To obtain the entire AABB Bonanza Mission Geological Technical Report, go to: https://asiabroadbandinc.com/acaponeta-bonanza-report/.

Preliminary Supply of New Plant Tools for Giant-Scale Gold & Silver Ore Stockpile Processing Following Latest Producers Visits in China

On June twenty first AABB introduced it obtained the preliminary deliveries of processing tools and the vast majority of the laboratory mineral evaluation tools for its new facility website in Etzatlan, Mexico. The tools deliveries observe not too long ago accomplished conferences and facility excursions with mining processing producers in China. In the course of the visits with Liming Heavy Trade Science & Know-how Co. Ltd. and Mecru Heavy Trade Know-how Co. Ltd. in Zhengzhou, Henan, China, AABB verified and secured the shipments and deliveries of further processing tools for the brand new plant in Mexico. Moreover, AABB administration embraced and utilized the chance to ascertain and develop its relationships with mining business and different enterprise contacts all through the journey.

To view AABB movies of the producer visits in China, go to:
https://www.youtube.com/watch?v=mVdo7hgjtgE

AABB administration and technical consultants are expediting the development of the brand new processing facility and have set a third quarter 2023 completion timeline to attain full operations. The brand new plant will make the most of superior mining tools automation and efficiencies to maximise processing throughput and metals extraction and reduce the manufacturing prices. Moreover, the brand new facility will probably be constructed with expanded processing functionality that will probably be applied after the preliminary manufacturing ranges have been established. The processing facility may even have a mineral assay and strategic evaluation laboratory on website that can scale back prices and provide speedy mineral outcomes experiences. The lab will enable AABB to pick out the best grade ore for processing to effectively maximize plant revenues.

In December 2022, AABB accomplished the land buy for the location of the brand new processing facility to be constructed with respect to the phrases of the historic and long-term processing and manufacturing settlement signed beforehand for a large-scale gold and silver ore stockpile positioned in Las Jimenez, Etzatlan, Jalisco, Mexico. The settlement permits AABB exclusivity to buy the 4 million ton ore stockpile at an economically possible value level. A current analysis report has estimated the stockpile to signify over $800 million in whole gold and silver worth. The stockpile processing undertaking is the biggest high-yield asset addition for AABB thus far in its strategic growth initiative to amass gold manufacturing and enhance AABB bodily gold holdings.

The 4.94 hectare processing plant land parcel, that features a water concession, is positioned roughly 5.8 miles from the ore stockpile in Etzatlan, Mexico, and 48 miles from the AABB Buenavista mining warehouse. The brand new facility build-out is budgeted for a $3 million price and is initially deliberate to have a 200 ton per day (tpd) processing capability. At this primary degree of processing, the mill is estimated to generate over $11 million in income yearly. AABB may even be accelerating a mill growth set up to extend the processing capability 5 fold to 1,000 tpd, as soon as the preliminary processing degree of the mill is constantly at capability.

For extra data on $AABB go to: www.asiabroadbandinc.com

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Disclaimer/Protected Harbor:

These information releases and postings could comprise forward-looking statements throughout the which means of the Securities Litigation Reform Act. The statements mirror the Firm’s present views with respect to future occasions that contain dangers and uncertainties. Amongst others, these dangers embrace the expectation that any of the businesses talked about herein will obtain vital gross sales, the failure to satisfy schedule or efficiency necessities of the businesses’ contracts, the businesses’ liquidity place, the businesses’ capability to acquire new contracts, the emergence of opponents with larger monetary assets and the impression of aggressive pricing. Within the gentle of those uncertainties, the forward-looking occasions referred to on this launch may not happen.

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Chris Torres, CEO
Asia Broadband, Inc.
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$AABB Asia Broadband is Disrupting the Conventional Mining Enterprise Mannequin