John Black, CEO & Director of Aldebaran Resources Inc. (TSXV:ALDE)(OTCQX:ADBRF), joins us for an introduction to their Altar Copper-Gold Project in San Juan, Argentina; along with the prior work completed and upcoming milestones and catalysts.
We start off getting a sense of the history of the Project, the work completed by prior operators, and their option agreement with Sibanye-Stillwater back in 2018 to start earning into this project. At this point the capital has been paid and the work commitments completed for them to earn-in to 80% of the project, with Sibanye Stillwater at a 20% stakeholder in Altar. The Altar project hosts multiple porphyry copper-gold deposits with potential for additional discoveries. Altar forms part of a cluster of world-class porphyry copper deposits which includes Los Pelambres (Antofagasta Minerals), El Pachón (Glencore), and Los Azules (McEwen Copper).
In March 2021 the Company announced an updated mineral resource estimate for Altar, prepared by Independent Mining Consultants Inc. and based on the drilling completed up to and including 2020. After approximately 63,000 meters of additional drilling between the known Altar Central and Altar East mineralization, their exploration team has now defined the Altar United area at depth, united the 2 prior deposits, and setting up for a larger open pit that will include not only the new mineralization, but the tails from the prior envisioned pits. There is an updated resource estimated slated to be released to the market next month in November, and then ongoing derisking and development work that will feed into a Preliminary Economic Assessment (PEA) in the 2nd quarter of 2025.
We have John share some of their key strategic shareholders with South32, Sibanye-Stillwater, and Route One Investment Company. Additionally, we review their partnership with Rio Tinto, with an interest in utilizing their Nuton technology, focused on commercializing its proprietary suite of copper leach technologies, with potential to unlock copper from hard-to-leach ore and low-grade material, with industry-leading recoveries that are also very compelling with ESG initiatives. John shares his background in the industry, along with the background of the other co-founders and key management team members, and the financial health of the company.
If you have any questions for John regarding Aldebaran Resources, then please email us at Shad@kereport.com or Fleck@kereport.com.
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