Aldebaran Resources
Primary tickers: TSX-V: ALDE, QTCQX: ADBRF
Stage of development: Exploration, Development
Primary minerals: Copper and Gold
Project to promote: Altar Project
Project location: San Juan, Argentina
Website: aldebaranresources.com
Aldebaran Resources (TSXV: ALDE; OTCQX: ADBRF) has acquired an 80% interest in the Altar copper-gold project in mining-friendly San Juan province, Argentina.
Altar is one of the largest undeveloped copper projects globally held by a junior – an updated Mineral Resource Estimate in November 2024 revealed 31.84 billion lb of copper and 6.79 million oz gold.
Aldebaran is fully funded to advance Altar through PEA (in 2025) and PFS (in 2026), after signing an option agreement with Rio Tinto, whereby Rio will pay Aldebaran US$ 250 million over the next ~2 years to acquire a 20% interest in the project.
Senior management has a track record of success, having previously sold Antares Minerals to First Quantum for $650 million.
Cash: CAD20M
Debt: NIL
Major shareholders:
Route One Investment Company, LP – 43%
South32 Limited – 14.8%
Sibanye Stillwater Limited – 14.6%
Senior Management – 5.27%
Management Ownership – 5.27%
Financials
Management Profile
What is your rationale for taking part in 121 Mining Investment?
We intend to meet a variety of investors, including HNW retail, funds and family offices, in addition to certain corporate development teams. We are looking to raise interest in our story as we advance Altar through PEA and PFS. As we do not need to raise money, our focus is on meeting those that can buy shares in the open market.
What recent news would you like to highlight to investors attending?
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Release the first PEA for the Altar project, demonstrating world-class economic potential to align with the already world-class size of the asset.
6 Months:
Receive the next US$30 million payment from Rio Tinto, and started the 2025/2026 drilling campaign at Altar.
12 Months:
Advance work towards the first PFS on the Altar project, in collaboration with strategic partners, to be released in H2 2026.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
The global backdrop of geopolitical uncertainty and lack of capital available to juniors presents a risk to the sector, but Aldebaran is well-financed and experienced to weather adverse conditions.
What do you think makes your company such a compelling investment?
One of the largest copper-gold deposits in the world, in a favourable jurisdiction, run by an experienced management team, and fully-funded to advance the project without the need for dilution. One of the leading M&A targets in the junior space, with considerable upside from current valuation.