Aldebaran Resources Inc · TSXV:ALDE
Aldebaran Resources — Investor Presentation (May 2024)
29 slides from Aldebaran Resources's investor presentation, May 2024
Slide 1: The Altar Copper Gold Project
The Altar Copper Gold Project Revealing the Next Copper Giant in San Juan, Argentina TSX.V: ALDE OTCQX: ADBRF May 2024 TSX.V: ALDE | OTCQX: ADBRF
Slide 2: Disclaimer: Forward Looking Statement
DISCLAIMER FORWARD LOOKING STATEMENT 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 of historical fact, includin
Slide 3: Investment Highlights: Advancing a Large, High-Quality Copper Project
INVESTMENT HIGHLIGHTS ADVANCING A LARGE, HIGH-QUALITY COPPER PROJECT Advancing One Of The Growing And Improving Located in San Juan, The Right Largest Undeveloped The Project Through Argentina: A Hotbed Management Team & Copper Deposits Exploration & For Copper Mining Partners to Execute Development
Slide 4: Our Strategy: A Clear Business Model and Track Record
OUR STRATEGY A CLEAR BUSINESS MODEL AND TRACK RECORD TSX.V: ALDE | OTCQX: ADBRF 4
Slide 5: Where Is the Altar Project? San Juan, Argentina
WHERE IS THE ALTAR PROJECT? SAN JUAN, ARGENTINA: A HOTBED FOR MINING INVESTMENT Argentina has the three top jurisdictions in Latin America in 2024 in the Fraser Institute rankings Major Miners Active In San Juan TSX.V: ALDE | OTCQX: ADBRF 5
Slide 6: Argentina – A Hotbed for Mining Investment
ARGENTINA – A HOTBED FOR MINING INVESTMENT SELECTED RECENT INVESTMENTS BY MAJOR MINING COMPANIES Jujuy Formosa Santiago del Fraser Institute LATAM Rio Tinto acquires Rincon lithium project (US$825 M) Estero Rankings 2024 Salta Santa Fe Ganfeng Lithium Co. to acquire Lithea Inc (US$962 M) Tucuman Cha
Slide 7: Aldebaran's Capital Structure
ALDEBARAN’S CAPITAL STRUCTURE A TIGHTLY-HELD JUNIOR WITH STRONG FINANCIAL SUPPORTERS Strong Shareholder Backing Capital Structure Management has invested C$2.8 M buying shares over the last three years Ticker (TSX.V) ALDE Ticker (OTCQX) ADBRF 44.09% 14.35% Shares issued 169,819,120 INSIDERS Fully di
Slide 8: Share Price Performance and Financings
SHARE PRICE PERFORMANCE AND FINANCINGS CONSISTENTLY ON AN UPWARD TRAJECTORY $1.40 1,200,000 Aldebaran made the OTCQX50 for 2024: a ranking of the top performing companies on the OTCQX Market based on 2023 total return and average daily $1.20 dollar volume growth. 1,000,000 Financing August 2023, $1.
Slide 9: Who Are We? A Core Management Team
WHO ARE WE? A CORE MANAGEMENT TEAM WITH A TRACK RECORD OF SUCCESS ALDEBARAN’S CO-FOUNDERS OTHER KEY MANAGEMENT Adam Greening, B.Sc., MBA SVP, Corporate Development • 15+ years of experience in corporate development, exploration and strategy • Formerly with Yamana Gold and Goldcorp Javier Robeto, B.S
Slide 10: Who Are Our Partners?
WHO ARE OUR PARTNERS? ALDEBARAN HAS MAJOR FINANCIAL AND STRATEGIC BACKING • San Francisco based • Precious metal and PGM • Diversified miner based • Technology division of hedge fund producer based in South in Australia, spun out Rio Tinto, which has Africa from BHP in 2015 patents on bio-heap • Lar
Slide 11: What Is the History of the Altar Project?
WHAT IS THE HISTORY OF THE ALTER PROJECT? PREVIOUSLY SOLD FOR ~US$487 MILLION, WITH SIGNIFICANT DRILLING 2018 2012-2018 2011 • Aldebaran signs option 2005-2011 • Sibanye-Stillwater 1995-2004 agreement to acquire • Peregrine Metals • Peregrine Metals completes 53,864 • CRA (Rio Tinto) acquired by 80%
Slide 12: How Did We Acquire Altar?
HOW DID WE ACQUIRE ALTAR? ALDEBARAN IS EARNING INTO 80% OF THE PROJECT Initial Payment Earn In 60% Earn In 80% Aldebaran to spend Earn an additional 20% US$15 M by incurring payment to Sibanye- US$30 M Stillwater (completed). on Altar over 5 years. US$25 M over 3 additional years. 19.9% equity Annou
Slide 13: 2021 Resource Estimate
2021 RESOURCE ESTIMATE ALREADY LARGE, AND POISED TO GROW Measured & Inferred Indicated Cu 11.4 Billion lbs 1.8 Billion lbs Copper 0.43% 0.42% Au 3.4 Million Oz 0.4 Million Oz Gold 0.09 g/t 0.06 g/t Ag 38.6 Million Oz 4.8 Million Oz Silver 1.00 g/t 0.8 g/t Notes: • See slide 28 for details of 2021 NI
Slide 14: The Altar United Discovery
THE ALTAR UNITED DISCOVERY MAJOR DISCOVERY THAT WILL INCREASE RESOURCES • Altar Central and Altar East were known, but open for expansion, mineralized porphyry centres when Aldebaran acquired the Altar project in 2019 • Altar United is an additional porphyry intrusion that was discovered in 2022/202
Slide 15: Growing the Deposit Through Exploration
GROWING THE DEPOSIT THROUGH EXPLORATION >50,000 METRES OF DRILLING SINCE 2021 RESOURCE ESTIMATE 2021 2024 2021: A SIGNIFICANT RESOURCE WITH POTENTIAL FOR GROWTH 2021-2024: SUSTAINED DRILLING SUCCESS AT ALTAR UNITED • A total of 255 drill holes (119,052 m) completed at Altar between • Over 50,000 m o
Slide 16: Resources Dominantly in Measured & Indicated
RESOURCES DOMINANTLY IN MEASURED & INDICATED LIMITED INFILL DRILLING NEEDED TO TRANSITION TO RESERVES 87% of Copper pounds from the 2021 Mineral Resource 87% Estimate are in the Measured and Indicated category Altar Central Altar East QDM Gold Radio Altar United RADIO PORPHYRY DEPOSIT (Not currently
Slide 17: Project Timeline: Multiple Catalysts
PROJECT TIMELINE MULTIPLE CATALYSTS AS ALDEBARAN ADVANCES ALTAR Activities 2024 2025 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Drill Program Delivery Of Nuton Samples Engineering Studies Environmental Monitoring Resource Update Nuton (Rio Tinto) Results Preliminary Economic Assessment Commence Pre-Feasibility Study T
Slide 18: Rio Tinto (Nuton) – Collaboration Agreement
RIO TINTO (NUTON) – COLLABORATION AGREEMENT NUTON’S SULPHIDE LEACHING TECHNOLOGY NutonTM Overview & Collaboration Agreement Details Benefits of Nuton’s Sulphide Leaching Technology • Nuton is focused on commercializing its proprietary suite of copper leach • Smaller Production Footprint and Reduced
Slide 19: Drilling Highlights at Altar
DRILLING HIGHLIGHTS AT ALTAR ALDEBARAN’S DRILLING AT ALTAR INDICATES TIER-ONE SCALE ALD-227 (June 7, 2023 Release) 198.5m of 0.50% CuEq (0.46% Cu, 0.01 g/t Au, 3.0 g/t Ag, 85 ppm Mo) TSX.V: ALDE | OTCQX: ADBRF 19
Slide 20: Radio Porphyry & QDM Gold
RADIO PORPHYRY & QDM GOLD ADDITIONAL MINERALIZATION PROVIDES OPTIONALITY • QDM Gold is a near-surface gold deposit containing 590,000 Oz’s of AuEq at 0.91 g/t AuEq1 • Radio Porphyry is a porphyry intrusion sitting below the QDM gold deposit • Radio Porphyry is not currently included in resource esti
Slide 21: Regional Exploration
REGIONAL EXPLORATION ALTAR HAS A LARGE LAND PACKAGE WITH BLUE SKY POTENTIAL QDM South • Potential extension of the QDM/Radio system • Multi-element geochemical anomaly, accompanied by the occurrence of strong alteration and veining in outcrop • Favourable resistivity anomaly from the DCIP geophysics
Slide 22: One of the Largest Copper Projects Held by a Junior
ONE OF THE LARGEST COPPER PROJECTS HELD BY A JUNIOR 2024 RESOURCE UPDATE EXPECTED TO SUBSTANTIALLY INCREASE 60 158 150 If the geophysics target continues to 50 deliver strong results, we believe Copper Equivalent (B lbs) 40 Aldebaran has the potential to double, or possibly more 30 than double, the
Slide 23: Peer Comparison
PEER COMPARISON SIGNIFICANT RE-RATE POTENTIAL 0.06 Average sale price for copper projects ~US$0.04 EV/lb CuEq. Aldebaran has re-rate 0.05 potential from resource expansion and advancing through economic studies. 0.04 EV/lb CuEq ($US) 0.03 NGEX: NGEx Minerals SLS: Solaris Resources REG: Regulus Resou
Slide 24: Why Copper: What's Driving Demand?
WHY COPPER WHAT’S DRIVING DEMAND? Renewable energy systems use Forecast World Copper up to 12x more copper than Consumption – 2021 to 2050 conventional power systems Source: McKinsey We need to mine more copper in the next 22 years than we have ever mined in total throughout history – S&P Global. TS
Slide 25: Majors Actively Acquiring Copper Assets
MAJORS ACTIVELY ACUIRING COPPER ASSETS LOOKING FOR GROWTH IN COPPER WITH LIMITED OPPORTUNITIES BHP bid $49 B for Anglo American US$49 B 2024 MMG agrees to acquire Khoemacau Copper Mine US$1.88 B 2023 BHP acquires Oz Minerals US$6.4 B 2023 Hudbay acquires Copper Mountain Mining US$439 M 2023 Lundin M
Slide 26: What Did We Do With Antares?
CORPORATE OVERVIEW WHAT DID WE DO WITH ANTARES? Sold Antares to First Quantum for US$ 650 M TSX.V: ALDE | OTCQX: ADBRF 26
Slide 27: Sustainable Value for All Stakeholders
SUSTAINABLE VALUE FOR ALL STAKEHOLDER CONTRIBUTING TO SUSTAINABLY DEVELOPMENT ACTIVELY INVOLVED IN COMMUNITY AND LARGE DEPOSIT WITH POTENTIAL FOR MULTI- A TECHNICAL APPROACH THAT GENERATES ENVIRONMENTAL PROJECTS GENERATIONAL MINE LIFE VALUE ALDEBARAN has a collaborative approach on the ground to wor
Slide 28: 2021 Mineral Resource Estimate
2021 MINERAL RESOURCE ESTIMATE Altar Central & Altar East - Open Pit Mineral Resource (0.3% CuEq cut off) ALTAR CENTRAL and ALTAR EAST RESOURCE Average Grade Contained Metal Tonnes Cu (M Au (M Ag 2021 Resource compared to 2018 Resource: Material Type Category Cu (%) Au (g/t) Ag (g/t) As (ppm) (Mt) l
Slide 29: Investment Recap
INVESTMENT RECAP TSX.V: ALDE OTCQX: ADBRF CONTACT: Ben Cherrington, ALDEBARAN Investor Relations Manager NEWS FLOW: GROWING AN HIGH-PROFILE COMPELLING ben.cherrington@aldebaranresources.com R E S O U R C E S MULTIPLE LOCATION IN ALREADY VALUATION +1 347-394-2728 (N. America) UPCOMING SIGNIFICANT TOP
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