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.