Aldebaran Resources Inc · TSXV:ALDE
Aldebaran Resources — Investor Presentation (March 2023)
22 slides from Aldebaran Resources's investor presentation, March 2023
Slide 1: The Altar Copper-Gold Project
TSX.V:ALDE TSX.V:ALDE OTCQX:ADBRF OTCQX:ADBRF The Altar Copper-Gold Project March 2023
Slide 2: Disclaimer
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: How Did We Acquire Altar?
HOW DID WE ACQUIRE ALTAR? Aldebaran Has The Option To Acquire An 80% Interest In Altar Altar was sold to Stillwater Mining for Initial Payment Earn In 60% Earn In 80% US$487.1 M1 in 2011 with +US$45 M in Aldebaran to spend Earn an additional subsequent US$18 M 20% by incurring exploration payment to
Slide 4: Why Invest in Aldebaran?
WHY INVEST IN ALDEBARAN ? Sizeable Cu-Au resource www.aldebaranresources.com • Measured & Indicated – 11.4 B lbs Cu, 3.4 M oz Au* • Inferred – 1.7 B lbs Cu, 0.4 M oz Au* Significant exploration upside • Large geophysical anomaly discovered in 2022, largely untested • Multiple exploration targets out
Slide 5: Who Are We?
WHO ARE WE? A Tightly-Held Junior With Strong Financial Supporters www.aldebaranresources.com Share Ownership Capital Structure Ticker (TSX.V) ALDE Ticker (OTCQX) ADBRF 23.53% Shares issued 139,106,590 43.80% Fully diluted 161,543,621 5.30% Share price C$0.90 (Mar 1, 2023) 17.52% Market C$125.2 MM c
Slide 6: Where Is the Altar Project?
WHERE IS THE ALTAR PROJECT? Located in San Juan, Argentina www.aldebaranresources.com Aldebaran’s flagship Altar project is located near existing mines and large copper-gold projects and in a mining-friendly province. (Lundin Mining) TSX.V:ALDE OTCQX:ADBRF 6
Slide 7: How Did We Acquire Altar?
HOW DID WE ACQUIRE ALTAR? Aldebaran Has the Option to Acquire Up to 80% interest in Altar www.aldebaranresources.com COMPLETED EARN IN 60% EARN IN 80% Altar was sold to US$15 MM Aldebaran to spend Stillwater Mining for payment to Sibanye- Earn an additional 20% US$487.1 MM1 in 2011 Stillwater (compl
Slide 8: One Project - Multiple Porphyry Deposits
ONE PROJECT - MULTIPLE PORPHYRY DEPOSITS Multiple Porphyry Intrusions Spread Across 7 km of Strike Length www.aldebaranresources.com NORTH TSX.V:ALDE OTCQX:ADBRF 8
Slide 9: 2021 Mineral Resource at Altar
2021 MINERAL RESOURCE AT ALTAR Altar Central & Altar East Resource – Open Pit Mineral Resource (0.3% CuEq cut off) www.aldebaranresources.com • Measured Resources: 622.1 Mt at 0.44% Cu, 0.10 g/t Au, 1.04 g/t Ag, 184 ppm As (6.1 B lbs Copper, 2.0 M Oz Gold and 20.8 M Oz Silver) • Indicated Resources:
Slide 10: What Did Holes 220, 221, 222 & 223 Prove?
WHAT DID HOLES 220, 221, 222 & 223 PROVE? Proved The Geophysics Is A Very Useful Indicator Of Mineralization www.aldebaranresources.com W E § >1 km of low- to moderate-grade copper mineralization in hole ALD-221 almost entirely in wall-rock indicating a nearby source that could be either the Altar E
Slide 11: Where Is the Exploration Upside?
WHERE IS THE EXPLORATION UPSIDE? Compelling Targets Defined By Geology, Geophysics and Geochemistry www.aldebaranresources.com • Geophysical anomaly coincident with better mineralization from historical drilling • Anomaly is approximately 3km x 3km x 2km • Significant opportunity to increase resourc
Slide 12: What Are the Drill Targets for 2022/2023
WHAT ARE THE DRILL TARGETS FOR 2022/2023 Drilling Designed To Further Test The Geophysical Anomaly And Reduce In-Pit Waste www.aldebaranresources.com The objectives of the 2022/2023 drill campaign are: 1. Testing the geophysical anomaly with deeper drilling 2. Testing the geophysical anomaly near su
Slide 13: What Are the Drill Targets for 2022/2023
WHAT ARE THE DRILL TARGETS FOR 2022/2023 Testing The Large Geophysical Anomaly Defined In 2022 www.aldebaranresources.com The objectives of the 2022/2023 drill campaign are: 1. Testing the geophysical anomaly with deeper drilling 2. Testing the geophysical anomaly near surface that is within or late
Slide 14: Radio Porphyry Deposit
RADIO PORPHYRY DEPOSIT Additional Mineralization Not In Resources www.aldebaranresources.com QDM 027 High-grade copper and gold deposit with low arsenic 29 • QDM 026 QDM 0 QDM 010 QDM 042 QDM 007 levels. +4000 QDM 0 34 • Not currently in resource estimates due to lack of historic drilling QDM Gold •
Slide 15: 2021 Resource Estimate
2021 RESOURCE ESTIMATE www.aldebaranresources.com Altar Central & Altar East - Open Pit Mineral Resource (0.3% CuEq cut off) ALTAR CENTRAL & ALTAR EAST Average Grade Contained Metal RESOURCE Tonnes Cu Au Ag As Cu Au Ag Material Type Category (Mt) (%) (g/t) (g/t) (ppm) (M lbs) (M Oz) (M Oz) • 2021 Re
Slide 16: Regional Exploration Targets
REGIONAL EXPLORATION TARGETS www.aldebaranresources.com 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 Cenicero • Strong m
Slide 17: Argentina - A Hotbed for Investment
ARGENTINA - A HOTBED FOR INVESTMENT Selected Recent Investments By Major Mining Companies1 www.aldebaranresources.com Argentina Mining Rio Tinto acquires Rincon lithium project Provinces Map ($US 825 M) Ganfeng Lithium Co. to acquire Lithea Inc ($US 962 M) Zijin Mining acquires Neo Lithium Corp ($96
Slide 18: Majors Actively Acquiring Copper Assets
MAJORS ACTIVELY ACQUIRING COPPER ASSETS Majors looking for growth in copper with limited opportunities www.aldebaranresources.com BHP makes offer to acquire Oz Minerals (US$ 6.4 B) - 2022 Rio Tinto makes offer to acquire Turquoise Hill (US$ 3.3 B) - 2022 Sandfire acquires Matsa Mine (US$ 1.87 B) - 2
Slide 19: What Is Driving Copper Demand?
WHAT IS DRIVING COPPER DEMAND? www.aldebaranresources.com “Between today and 2035, achieving the Net-Zero Emissions by 2050 goals will translate into a rapid ramp-up of copper demand, increasing by more than 82% between 2021 and 2035.” - S&P Global, 2022 FORECAST WORLD COPPER CONSUMPTION – 2021 to 2
Slide 20: Analyst Coverage
ANALYST COVERAGE “Unearthing a giant—initiating coverage with a Buy rating and C$1.65 target” www.aldebaranresources.com Desjardins report, 24-Feb-2023 • Stock looks compelling based solely on current resources. Desjardins calculates ALDE trading at ~US$0.005/lb CuEq, the lowest level among its sele
Slide 21: ESG
ESG Aldebaran is Committed to Best Practices www.aldebaranresources.com ENVIRONMENT • Through our commitment to the highest standards of • Environmental baseline studies underway at the Altar performance excellence, we strive to avoid or minimize project. the adverse impacts on the natural environme
Slide 22: Investment Recap
INVESTMENT SHAREHOLDER VALUE www.aldebaranresources.com RECAP AGGRESSIVE TESTING HIGH-PROFILE COMPELLING DRILL HIGH-IMPACT LOCATION IN VALUATION PROGRAM TARGETS FRIENDLY AND WELL UNDERWAY JURISDICTION FUNDED PLEASE CONTACT US WITH ANY QUESTIONS: Ben Cherrington, Investor Relations Manager ben.cherri
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