Aldebaran Resources
Primary ticker: TSXV:ALDE, QTCQX:ADBRF
Stage of development: Exploration
Primary mineral: Copper and Gold
Project to promote: Altar project
Project location: San Juan, Argentina
Website: aldebaranresources.com
Aldebaran Resources (TSXV: ALDE; OTCQX: ADBRF) has the option to acquire an 80% interest in the Altar copper-gold project in mining-friendly San Juan province, Argentina (home to Filo, Josemaria, McEwen Copper, Glencore). The Altar property includes a substantial existing pit-constrained resource at the Altar Central and Altar East deposits. The recent drilling campaign has focused on a 3-km by 3-km geophysical anomaly between, beneath and lateral to Altar East and Altar Central with the potential to double the size of the resource.
Cash: CAD 24 M
Debt: NIL
Major shareholders:
Route One Investment Company, LP – 43%
South32 Limited – 14.8%
Sibanye Stillwater Limited – 14.6%
Management ownership – 5%
Financials
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 2023/24 drilling campaign, as we prepare for a resource update and PEA in 2024.
What recent news would you like to highlight to investors attending?
September 8, 2023: Aldebaran Upsizes Previously Announced Financing to $20.1 M
August 14, 2023: Aldebaran Announces It Has Earned a 60% Interest in the Altar Project and is Advancing Towards Earning an 80% Interest
May 21, 2023: Aldebaran Intercepts 951.20 m of 0.60% CuEq, Including 645.00 m of 0.70% CuEq From the Altar Project in San Juan, Argentina
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Gain traction on the back of more positive drilling results.
6 Months:
Complete over 20,000+ meters of drilling for the campaign and prepare for a resource update that significantly increases the size of Altar.
12 Months:
Prepare to release the first PEA for the project, on the back of significant drilling success and share price appreciation.
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 South32 and Sibanye-Stillwater.
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, and the endorsement of the strategic investment by South32, which increased its position in September 2023.
3. Well-funded for the current drilling campaign, run by a management team with experience of selling copper projects to majors.