Asia Broadband Inc. (AABB) has an 80% interest in the development and production of the Tequila Gold Mine Project concessions, located approximately 70 kilometers north of Guadalajara near the town San Martin de las Canas in the municipality of Tequila, Jalisco, Mexico. Previous exploration and drilling on the Tequila property by a Canadian mining company revealed multiple gold and silver mineralization veins with high-grade potential. Even though this evaluative work on the property led to a significant possible resource estimate, the previous company was unable to come to terms with the property owner.

The Tequila Gold Mine Project—a joint venture under concession #219165—covers 66.6792 hectares in the Tequila region of Mexico. It stands as one of AABB’s most active and productive assets. In 2024, the project achieved record-breaking gold production, thanks to higher-grade recoveries, increased daily throughput, and, consequently, reduced production costs driven by economies of scale.

In Q1 2024 alone, gold revenues from Tequila reached a record $1.4 million, marking a doubling of output compared to the final quarter of 2023. Early April production trends indicate the second quarter will maintain this high level of performance.

To support this growth, AABB is preparing a comprehensive geological resource technical report, scheduled for completion in Q4. The company has engaged a new Qualified Person (QP) to compile and certify the report, using production data collected over the past year.

Beyond current performance, the Tequila project shows exceptional promise for expansion and long-term profitability. Ongoing development efforts have revealed outstanding geological indicators, leading AABB to enhance its exploration and production strategies. Plans include further upgrades to processing equipment and potential use of the Etzatlan plant to maximize yield.