Aldebaran Resources Inc · TSXV:ALDE
Aldebaran Resources — Investor Presentation (May 2023)
23 slides from Aldebaran Resources's investor presentation, May 2023
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 2023
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
INVESTMENT HIGHLIGHTS Advancing One Of The Located In An Opportunities To Right Management Largest Undeveloped Emerging Hotbed Grow And Improve Team & Partners Copper Deposits In For Mining The Deposit To Execute The World • Project located in San • Very large geophysical • Management previously • E
Slide 4: Who Are We? Core Management Team Track Record
WHO ARE WE? Aldebaran’s Core Management Team Has A Track Record Of Success OTHER KEY ALDEBARAN’S CO-FOUNDERS 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 Rob
Slide 5: What Is Driving Copper Demand?
WHAT IS DRIVING COPPER DEMAND? Significant Copper Required For Green Energy Transition FORECAST WORLD COPPER CONSUMPTION – 2021 to 2050 We need to mine more copper in the next 22 years than we have ever mined in total throughout history – S&P Global.
Slide 6: Our Strategy
OUR STRATEGY Management With A Clear Business Model And Successful Track Record 01 02 03 The Team’s Acquire Mineral Add Value by Monetize By Companies Resources with Expanding Resource Selling to a & Key Projects Overlooked Potential & Project De-Risking Major Mining Co Aldebaran 2018 2019 – Present
Slide 7: How Did We Acquire Altar?
HOW DID WE ACQUIRE ALTAR? Aldebaran Has the Option to Acquire Up to 80% interest in Altar Altar was sold to Initial Payment Earn In 60% Earn In 80% Stillwater Mining for US$487.1 M1 in 2011 with +US$45 M in Aldebaran to spend Earn an additional subsequent exploration US$15 M 20% by incurring expendi
Slide 8: Who Are We? A Tightly-Held Junior
WHO ARE WE? A Tightly-Held Junior With Strong Financial Supporters Strong Shareholder Backing Capital Structure* Management has invested $2.4 M buying shares over the last 3 years Ticker (TSX.V) ALDE INSIDERS Ticker (OTCQX) ADBRF 5.63% 16.44% Shares issued 148,228,364 Fully diluted 160,378,364 Share
Slide 9: ALDE.V Share Price Performance
ALDE.V SHARE PRICE PERFORMANCE Consistent Share Price Evolution On An Upward Trajectory $1.20 May 3, 2023: Exercise of 8.6M warrants ($0.70) $1.00 $0.80 Financing $0.60 September 2020 ($0.30) Financing May 2021 ($0.45) $0.40 Financing August 2022 ($0.78) South32 Strategic Investment $0.20 $0.00 2/Ma
Slide 10: Argentina - A Hotbed For Investment
ARGENTINA - A HOTBED FOR INVESTMENT Selected Recent Investments By Major Mining Companies1 Rio Tinto acquires Rincon lithium project - (US$825 M) Argentina Mining Provinces Map Ganfeng Lithium Co. to acquire Lithea Inc - (US$962 M) Zijin Mining acquires Neo Lithium Corp - ($960 M) BHP acquires 5% of
Slide 11: Where Is The Altar Project?
WHERE IS THE ALTAR PROJECT? Located In San Juan, Argentina Josemaria (Lundin Mining) (Lundin Mining) Aldebaran’s flagship Altar project ARGENTINA is located near existing mines and Filo del Sol (Filo Mining) large copper-gold projects, in the Operating Mine top ranked Latam mining jurisdiction Pascu
Slide 12: Altar: Significant Resource In Hand
ALTAR: SIGNIFICANT RESOURCE IN HAND Resource Dominantly In M&I Category M&I Inferred 11.4 B lbs 1.7 B lbs Cu 0.43% 0.42% 3.48 M Oz 0.36 M Oz Au 0.09 g/t 0.06 g/t 38.6 M Oz 4.9 M Oz Ag 1.00 g/t 0.8 g/t In Pit Resource Blocks Notes: See slide 22 for details on resource estimate (QDM Gold not reported)
Slide 13: Multiple Porphyry Intrusions Discovered
MULTIPLE PORPHYRY INTRUSIONS DISCOVERED Porphyry Intrusions Across 7km of Strike Offer Potential for Expansion ~7km Strike Length
Slide 14: How Has The Deposit Evolved?
HOW HAS THE DEPOSIT EVOLVED? Geophysics and Drilling Confirming Potential for Mega Deposit 2019 2023 ALD-2121 1,414.5m of 0.53% CuEq (1)Oct. 3, 2019 Release: 1,141.5 metres of 0.47% Cu, 0.04 g/t Au, 1.1 g/t Ag and 75 ppm Mo from 237.5 metres to 1,379 metres in ALD-212 (2)Aug. 18, 2022 Release: 1,059
Slide 15: Where Is The Exploration Upside?
WHERE IS THE EXPLORATION UPSIDE? Compelling Targets Defined By Geology, Geophysics and Geochemistry Geophysical anomaly, approximately 3km x 3km x 2km, coincides with better mineralization from historical drilling • A significant opportunity to increase resources by drilling the anomaly • Drilling i
Slide 16: Where We Are Drilling
WHERE WE ARE DRILLING The 2022/23 Drill Program Is Focused On The Large Geophysical Anomaly 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 lateral to the current conceptual
Slide 17: Regional Exploration Targets
REGIONAL EXPLORATION TARGETS 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 multi-element geochemical an
Slide 18: Radio Porphyry Deposit
RADIO PORPHYRY DEPOSIT Additional Mineralization Not In Resources • High-grade copper and gold deposit with low arsenic levels. • Not currently in resource estimates due to lack of historic drilling. • 2021/2022 field campaign focused primarily on drilling the Radio target. From To Cu Au Ag Mo Drill
Slide 19: Majors Actively Acquiring Copper Assets
MAJORS ACTIVELY ACQUIRING COPPER ASSETS Majors looking for growth in copper with limited opportunities Glencore makes offer to acquire Teck Resources US$23 B 2023 BHP agrees deal to acquire Oz Minerals US$6.4 B 2023 Hudbay Minerals acquires Copper Mountain Mining US$439 M 2023 Lundin Mining acquires
Slide 20: Peer Comparison
PEER COMPARISON Significant Re-Rating Potential “Unearthing a giant— initiating coverage with a Buy rating and C$1.65 target” If the geophysics target continues to deliver strong results, we believe Aldebaran has the potential to double, or possibly more than double, the current resource. Jonathan E
Slide 21: Upcoming Catalysts At ALDE
UPCOMING CATALYSTS AT ALDE High-Impact Drilling At Altar Headlines A Busy Newsflow For 2023 Multiple Results From Current Drilling Campaign Completion Of 60% Earn In Agreement At Altar Larger Drill Program For 2023/24 Drilling Campaign Continued ESG Programs To De-Risk Project Development Preparatio
Slide 22: 2021 Resource Estimate
2021 RESOURCE ESTIMATE 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) (g/t) (ppm) (M lbs) (M Oz) (M
Slide 23: Investment Recap
INVESTMENT RECAP TSX.V: ALDE OTCQX: ADBRF ALTAR PROJECT NEWS FLOW: GROWING HIGH-PROFILE COMPELLING MULTIPLE ALREADY LOCATION IN VALUATION DRILL HOLES SIGNIFICANT TOP MINING AND PENDING RESOURCE JURISIDCTION STRATEGIC BACKING PLEASE Ben Cherrington, Investor Relations Manager CONTACT US WITH ANY ben.
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