Aldebaran Resources
Primary ticker: 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. The Altar property includes a substantial existing pit-constrained resource – one of the largest undeveloped copper projects globally held by a junior. Altar is being advanced through PEA in 2025 and PFS in 2026. Senior management has a track record of success, having previously sold Antares Minerals to First Quantum for $650 M, and Aldebaran is being advanced with strategic partners including Rio Tinto, South32 and Sibanye Stillwater.
Cash (CAD): $10M
Debt: NIL
Major shareholders:
Route One Investment Company, LP – 43%
Peter Gianulis (Carrelton Asset Management) – 11%
Kinross Gold – 10%
Shawn Nichols – 5%
IAMGOLD – 3.5%
Management Ownership – 21%
Financials
Management Profile
What is your rationale for taking part in 121 Mining Investment?
We intend to meet a variety of investors, including institutional, 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 towards development.
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:
Start new drilling campaign on the back of large increase after the Mineral Resource Estimate update
6 Months:
Prepare to release the first PEA for the project, on the back of significant drilling success and share price appreciation.
12 Months:
Working towards the first PFS on the Altar project, in collaboration with strategic partners.
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?
A combination of a large and growing copper-gold deposit in a favourable jurisdiction, run by an experienced management team, and a tightly-held share structure backed strategically by major producers.