Slide 1: The Altar Copper-Gold Project Corporate Presentation
TSX.V:ALDE OTCQX:ADBRF The Altar Copper-Gold Project Corporate Presentation OCTOBER, 2021
Slide 2: Disclaimer: Forward-Looking Statements
DISCLAIMER Forward-Looking Statements www.aldebaranresources.com This presentation contains forward‐looking statements and forward‐looking information (collectively, “forward‐looking statements”) within the meaning of applicable Canadian securities legislation. All statements, other than statements
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS www.aldebaranresources.com HIGH-GRADE COPPER AND GOLD DISCOVERY SIGNIFICANT UPCOMING DRILL PROGRAM • Radio Porphyry deposit is a game changer for the project • Recent high-grade Intercepts: • Increased news flow in coming 6-12 months with more • QDM-42: 111 m of 1.4% CuEq withi
Slide 4: Who Are We?
WHO ARE WE? www.aldebaranresources.com Management with Successful Track Record THE HAQUIRA PROJECT: THE ANTAKORI PROJECT: THE ALTAR PROJECT: • Converted Haquira from small oxide • Converting AntaKori from a moderate • Negotiated attractive agreement to deposit to Tier 1 porphyry deposit. sulphide de
Slide 5: How Did We Acquire Altar?
HOW DID WE ACQUIRE ALTAR? Acquisition Cost a Small Fraction of Previous Sale Price www.aldebaranresources.com COMPLETED EARN IN 60% EARN IN 80% US$15 MM payment to Sibanye- Altar was sold to Earn an additional 20% Stillwater Mining for Stillwater (completed). Aldebaran to spend by incurring US$487.1
Slide 6: Where Is the Altar Project?
WHERE IS THE ALTAR PROJECT? Located in Attractive San Juan Province – Global Copper Porphyry Hotspot www.aldebaranresources.com Aldebaran’s flagship Altar project is located in geologically well endowed Other Argentina Mining and mining-friendly San Juan province, near existing mines and large Aldeb
Slide 7: One Project - Multiple Porphyry Deposits
ONE PROJECT - MULTIPLE PORPHYRY DEPOSITS Multiple Porphyry Intrusions Spread Across 7 km of Strike Length www.aldebaranresources.com THE ALTAR PROJECT Drill Collar Map (2004-2021) N QDM RADIO ALTAR CENTRAL EAST 7 km Strike Length 6 km TSX.V: ALDE OTCQX: ADBRF 7
Slide 8: New 2021 Resource at Altar
NEW 2021 RESOURCE AT ALTAR Altar Central & Altar East Resource – Open Pit Mineral Resource (0.3% CuEq cut off) www.aldebaranresources.com • Measured & Indicated Resources: 1,198.2 Mt at 0.50% CuEq - 0.43% Cu, 0.09 g/t Au, 1.00 g/t Ag, 152 ppm As (11,362 M lbs Copper, 3.4 M Oz Gold and 38.6 M Oz Silv
Slide 9: Supergene Copper Mineral Resource
SUPERGENE COPPER MINERAL RESOURCE Potential for Lower-Capex Starter Operation www.aldebaranresources.com ALTAR CENTRAL & ALTAR EAST COPPER-GOLD DEPOSITS (Supergene Only) M&I: 3.4 B lbs CuEq @ 0.53 % CuEq Inf: 0.16 B lbs CuEq @ 0.51 % CuEq ALTAR CENTRAL ALTAR EAST NEW Drill holes (2021) 0 500 1000 15
Slide 10: Altar Central and East Deposits
ALTAR CENTRAL AND EAST DEPOSITS Potential to Extend Known Mineralization www.aldebaranresources.com • Several long runs of higher-grade mineralization. Elevation (m) 2021 Conceptual Pit Outline • High-grade zones open laterally and at depth. +3600 • Many of the historic holes at Altar Central were s
Slide 11: Altar Central Deposit
ALTAR CENTRAL DEPOSIT Drill Core of Significant Intercepts www.aldebaranresources.com ALD-019 832.30m 1.68% Cu, 0.01 g/t Au, 1.50 g/t Ag (1.70% CuEq) ALD-049 443.9m ALD-019 852.05m 3.27% Cu, 0.72 g/t Au, 3.40 g/t Ag (3.82% CuEq) 2.17% Cu, 0.02 g/t Au, 2.20 g/t Ag (2.2% CuEq) TSX.V: ALDE OTCQX: ADBRF
Slide 12: Radio Porphyry Deposit
RADIO PORPHYRY DEPOSIT www.aldebaranresources.com Priority Drill Target This Season QDM 027 • High-grade copper and gold deposit with low arsenic QDM 026 QDM 010 QDM 007 levels. +4000 • Not currently in Resource due to limited drilling, but will be a priority target in the next drill season. Mineral
Slide 13: Hole QDM-21-42
HOLE QDM-21-42 Drill Core of Significant Intercepts From Best Hole to-Date at Radio Porphyry www.aldebaranresources.com QDM-042 663.65 m QDM-042 726.00 m 0.65% Cu, 0.48 g/t Au, 3.60 g/t Ag (1.02% CuEq) 0.87% Cu, 0.50 g/t Au, 5.00 g/t Ag (1.31% CuEq) QDM-042 775.25 m QDM-042 825.8 m 1.72% Cu, 1.69 g/
Slide 14: Radio Porphyry Deposit
RADIO PORPHYRY DEPOSIT Drill Core of Significant Intercepts www.aldebaranresources.com QDM-034 894.60 m (Radio Porphyry) QDM-034 899.45 m (Radio Porphyry) QDM-039 592.60 m (Radio Porphyry) QDM-041 976.75 m (Radio porphyry) TSX.V: ALDE OTCQX: ADBRF CuEq calculated using US$3/lb Cu, US$1,400/oz Au, US
Slide 15: What Are the Principal Future Drill Targets?
WHAT ARE THE PRINCIPAL FUTURE DRILL TARGETS? 2021/22 Targets to Extend Known Mineralization and Make New Discoveries www.aldebaranresources.com Drill Collar Map (2004-2021) QDM RADIO ALTAR CENTRAL EAST PRINCIPAL DRILL TARGET CATEGORIES: 1) Drill out the new discovery at Radio Porphyry • Drilling wil
Slide 16: What Are the Next Steps at Altar?
WHAT ARE THE NEXT STEPS AT ALTAR? www.aldebaranresources.com ALDEBARAN HISTORICAL CRITICAL DATA RE-EXPLORATION 2021/2022 EXPLORATION COLLECTION Mineral COMPLETE Re-cast Additional field Resource Historical Re-log all Resource Mineral work including a 3D Update to drilling 115,000 m of estimate to hi
Slide 17: How Does Aldebaran Compare?
HOW DOES ALDEBARAN COMPARE? www.aldebaranresources.com Aldebaran Compares Well to Peers and Has Significant Growth Potential EV/lb CuEq Total Resources CuEq Grade FILO 0.096 SOLGOLD REGULUS SOLGOLD 0.033 WESTERN FILO Avg of top 3 is $0.049/lb JOSEMARIA 0.019 LOS ANDES SOLGOLD WESTERN JOSEMARIA ALDEB
Slide 18: Who Are We? A Junior With Strong Financial Supporters
WHO ARE WE? A Junior With Strong Financial Supporters www.aldebaranresources.com Aldebaran Shareholders Management & Directors 5.66% Shares issued 114,494,531 Other Shareholders Sibanye- Fully diluted 140,738,118 24.88% Stillwater 19.9% Cash position C$7.0 MM (Aug 31, 2021) Share price C$0.70 (Oct 1
Slide 19: ESG
ESG www.aldebaranresources.com Aldebaran is Committed to Best Practices ENVIRONMENT • We are committed to responsible stewardship of our • Environmental baseline studies underway at the Altar natural resources and the ecological environment for project. present and future generations. • Proactive en
Slide 20: Investment Recap
INVESTMENT SHAREHOLDER VALUE www.aldebaranresources.com RECAP AGGRESSIVE HIGH-GRADE HIGH-PROFILE COMPELLING DRILL PROGRAM TARGETS LOCATION VALUATION STARTING SOON IDENTIFIED CONTACT: INVESTOR RESOURCES: John Black, CEO & Director john.black@aldebaranresources.com www.aldebaranresources.com +1 303-61
Slide 21: Appendix
www.aldebaranresources.com APPENDIX
Slide 22: 2021 Resource Estimate
2021 RESOURCE ESTIMATE www.aldebaranresources.com Altar Central & Altar East - Open Pit Mineral Resource (0.3% CuEq cut off) Average Grade Contained Metal ALTAR CENTRAL & ALTAR EAST RESOURCE Tonnes Cu Au Ag As Cu Au Ag • 2021 Resource compared to 2018 Resource: Material Type Category (Mt) (%) (g/t)
Slide 23: Who Are We? Management Team and Directors
WHO ARE WE? www.aldebaranresources.com MANAGEMENT TEAM INDEPENDENT DIRECTORS OF THE BOARD John Black B.Sc., M.Sc. Javier Robeto B.Sc John Sibley LL.B, ICD.D CEO & Director Country Manager, Argentina Director 35+ years international exploration experience – 15+ years experience as mineral geologist,