The stockpile agreement gives the company the exclusive right to buy the 4-million-ton ore stockpile at a price that is both reasonable and profitable.

The stockpile’s entire gold and silver value is believed to be above $800 million as of March 2023. The stockpile processing project is the company’s most significant high-yield asset acquisition to date as part of its strategic development effort to enhance AABB’s physical gold holdings and acquire gold production.

The ore stockpile at Etzatlan, Mexico, is 5.8 miles away from the 4.94-hectare processing plant land parcel, which also contains a water concession.

Stockpile Agreement (Las Jimenez): To date, 8,000 tons of strategically targeted ore has been delivered onsite to our plant in Etzatlan. Another 10,000 tons is expected to be delivered before we begin operations in March 2025. This supply will serve as a building block to start our first line of production. In January 2025, a new Qualified Person (QP) Geologist has been hired to perform additional Sonic drilling programs on the current Stockpile and on an additional estimated 2,000,000 tons of tailings dump nearby, which the Company is in negotiations to acquire from the landowners. We expect to have a complete NI 43-101 geological report certified by new QP by end of February. The report is expected to further validate the value of our Stockpile Agreement and attract a larger investor base.