Aldebaran Resources


Primary ticker: TSXV:ALDE, QTCQX:ADBRF
Stage of development: Exploration
Primary minerals: Copper, Gold
Project to promote: Altar project
Project location: San Juan, Argentina

Aldebaran Resources is a mineral exploration company that was spun out of Regulus Resources Inc. in 2018 and has the same core management team. The Company’s portfolio of assets in Argentina includes the Altar project in San Juan Province, which Aldebaran has the right to earn up to an 80% interest in from Sibanye-Stillwater. Altar hosts a cluster of large porphyry copper-gold systems with mineralization currently defined in four distinct zones. The Altar project forms part of a larger cluster of world-class porphyry copper deposits, Including Los Pelambres in Chile, along with El Pachón and Los Azules in Argentina.

Debt: NIL

Major shareholders:
Route One Investment Company, LP – 44%
Sibanye Stillwater Limited – 17.6%
South32 Limited – 9.9%
Management Ownership – 5.32%

Management Profile

Dr. Kevin B. Heather, Chief Geological Officer & Director

Dr. Kevin B. Heather (PhD) is an economic geologist with 40 years of field experience in North and South America. Dr. Heather was a founding member of both Antares and Regulus and directed the exploration that led to the discovery of the high-grade Haquira East deposit in Southern Peru, which sold to First Quantum Minerals in December 2010 for C$650 million.

What is your rationale for taking part in 121 Mining Investment?

We are anticipating meeting 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 near the beginning of our 2022/23 drilling campaign.

What recent news would you like to highlight to investors attending?

August 18, 2022: Aldebaran Reports 1,059.5 m of 0.4% CuEq in a Previously Untested Area at the Altar Copper Gold Project
August 12, 2022: Aldebaran Announces Closing of Strategic Investment by South32

What are your key goals in 3 months, 6 months, 12 months?

3 Months:
Gain traction on the back of positive drilling results.

6 Months:
Work towards completing 20,000+ meters of drilling for the campaign and consider resource update.

12 Months:
To have released resource update, grown the deposit, and advanced the 2023/24 drilling campaign with a considerably higher share price.

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 Sibanye-Stillwater and South32.

What are the top 3 key investor takeaways?

1. The scale and quality of our copper-gold deposit at Altar, with significant growth potential.
2. A tightly-held share structure backed by Route One Investment Company, Sibanye-Stillwater, and the recent endorsement of the strategic investment by South32.
3. Well-funded for the current drilling campaign, run by a management team with experience of selling copper projects to majors.