Aldebaran Resources Inc · TSXV:ALDE

Aldebaran Resources — Investor Presentation (April 2021)

23 slides from Aldebaran Resources's investor presentation, April 2021

  1. Slide 1: The Altar Cu-Au Project: Top Reasons To Invest in Aldebaran

    THE ALTAR CU-AU PROJECT TSX.V: ALDE Top 10 Reasons To Invest in Aldebaran Investor Deck April 2021 1

  2. Slide 2: Disclosure

    Disclosure Forward-Looking Information 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

  3. Slide 3: Team Has History of Value Creation

    1 TEAM HAS HISTORY OF VALUE CREATION www.aldebaranresources.com Adding Value Through Discovery and De-risking LONG-TERM STRATEGY 1 2 3 Acquire Mineral Add Value by Monetize By Resources with Expanding Resource & Selling to a The Team’s Companies Overlooked Potential Project De-Risking Major Mining C

  4. Slide 4: Option to Acquire Up To 80% Interest in Altar

    1 TEAM HAS HISTORY OF VALUE CREATION www.aldebaranresources.com Aldebaran Has the Option to Acquire Up To 80% Interest in Altar 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

  5. Slide 5: Located in a Fertile Section of the Andes

    2 LOCATED IN A FERTILE SECTION OF THE ANDES www.aldebaranresources.com Aldebaran’s flagship Altar project is located near existing mines and large copper-gold projects and in a mining-friendly province. OTHER PROJECTS IN THE PORTFOLIO Rio Grande, Cu-Au-Ag-Mo Salta Province Aguas Calientes, Au-Ag Juj

  6. Slide 6: Altar Is a District of Copper & Gold Deposits

    3 ALTAR IS A DISTRICT OF COPPER & GOLD DEPOSITS www.aldebaranresources.com ALTAR CENTRAL & ALTAR EAST DEPOSITS N QDM GOLD DEPOSIT: M&I: 590,000 Oz’s AuEq @ 0.91 g/t AuEq ALTAR NORTH M&I: 13.2 B lbs CuEq @ 0.50 % CuEq Inf: 30,000 Oz’s AuEq @ 0.70 g/t AuEq (Currently not in the Resource) Inf: 1.9 B lb

  7. Slide 7: Sizeable Copper-Gold Resource in Hand

    4 SIZEABLE COPPER-GOLD RESOURCE IN HAND www.aldebaranresources.com Altar Central & Altar East - Open Pit Mineral Resource (0.3% CuEq cut off) ALTAR CENTRAL & ALTAR EAST RESOURCE Average Grade Contained Metal • 2021 Resource compared to 2018 Resource: Tonnes Cu Au Ag As Cu Au Ag Material Type Categor

  8. Slide 8: Sizeable Copper-Gold Resource in Hand

    4 SIZEABLE COPPER-GOLD RESOURCE IN HAND www.aldebaranresources.com EV/lb CuEq US Total Resources CuEq Grade GT GOLD 0.033 SOLGOLD REGULUS Avg of top 3 FILO 0.031 WESTERN FILO is $0.029/lb SOLGOLD 0.023 LOS ANDES SOLGOLD JOSEMARIA JOSEMARIA GT GOLD REGULUS ALDEBARAN 15.2 ALDEBARAN 0.50% LOS ANDES CAN

  9. Slide 9: Potential for Supergene Starter Operation

    5 POTENTIAL FOR SUPERGENE STARTER OPERATION www.aldebaranresources.com ALTAR CENTRAL & ALTAR EAST COPPER GOLD DEPOSITS N ALTAR NORTH (Supergene Only) (Supergene currently M&I: 3.4 B lbs CuEq @ 0.53 % CuEq not in the resource) Inf: 0.16 B lbs CuEq @ 0.51 % CuEq ALTAR CENTRAL ALTAR EAST 0 500 1000 150

  10. Slide 10: Extending Higher-Grade Zones: Altar Central

    6 EXTENDING HIGHER-GRADE ZONES www.aldebaranresources.com ALTAR CENTRAL DEPOSIT Elevation (m) • Several long intercepts of high-grade mineralization. • High-grade zones open laterally and at depth. • Many of the historic holes were stopped above where we believe higher-grade mineralization extends.

  11. Slide 11: Extending Higher-Grade Zones: Altar East

    6 EXTENDING HIGHER-GRADE ZONES www.aldebaranresources.com ALTAR EAST DEPOSIT Elevation (m) • Several long runs of attractive grade mineralization. • High-grade zones open laterally and at depth. • Geologically different from Altar Central, indicating the mineralizing events for both deposits were se

  12. Slide 12: Extending Higher-Grade Zones: QDM & Radio Porphyry

    6 EXTENDING HIGHER-GRADE ZONES QDM & RADIO PORPHYRY DEPOSITS Elevation (m) www.aldebaranresources.com +3600 NNE • Not currently in resource due to insufficient drilling. +3400 • Highest grade intercept on entire project QDM Gold CuEq % (QDM 34 – 78m @ 2.06% CuEq) was in a porphyry dyke Deposit geolo

  13. Slide 13: Significant Gold Resource: QDM Gold Deposit

    7 SIGNFICANT GOLD RESOURCE QDM GOLD DEPOSIT www.aldebaranresources.com • Stand alone gold deposit largely in sulphides; Au_ppm NE ~10% of resource is in oxides. 0.7 • Near surface, amenable to open pit mining. 0.5 Elevation (m) +3900 0.3 • Open laterally, presents opportunity for resource expansion.

  14. Slide 14: Potential for More Deposits

    8 POTENTIAL FOR MORE DEPOSITS www.aldebaranresources.com TALUS FINE GEOCHEMISTRY- COPPER (PPM) Multiple geochemical targets warranting drill testing. TSX.V: ALDE Q= QDM R=Radio AC= Altar Central AE=Altar East 14

  15. Slide 15: Exploration Upside

    8 EXPLORATION UPSIDE Indications of New Porphyry Centres with Magnetite (Potassic) Alteration? www.aldebaranresources.com CuEq % Looking North 3D INVERSION OF THE GROUND MAGNETIC SURVEY DATA QDM WEST THE GAP ALTAR DEEP ALTAR EAST EAST Copper QDM-RADIO Oxides ALTAR CENTRAL ALTAR EAST Multiple geophys

  16. Slide 16: Exploration Upside

    8 EXPLORATION UPSIDE Indications of New Porphyry Centres with Magnetite (Potassic) Alteration? www.aldebaranresources.com CuEq % Looking North 3D INVERSION OF THE GROUND MAGNETIC SURVEY DATA AND CUEQ GRADE SHELLS QDM WEST THE GAP ALTAR DEEP ALTAR EAST EAST Copper QDM-RADIO Oxides ALTAR CENTRAL ALTAR

  17. Slide 17: Clear Path to Add Value to Deposit

    9 CLEAR PATH TO ADD VALUE TO DEPOSIT www.aldebaranresources.com CRITICAL DATA RE-EXPLORATION 2021/22 COLLECTION COMPLETE Re-cast Additional field Historical Resource Mineral work including a 3D Re-log all drilling estimate to highlight IP-MT to define 115,000 m of (1999- higher-grade centres new tar

  18. Slide 18: Skin in the Game & Strong Partners

    10 SKIN IN THE GAME & STRONG PARTNERS www.aldebaranresources.com Aldebaran Shareholders Management & Directors 5.73% Shares issued 93,635,958 Other Sibanye- Shareholders Fully diluted 109,355,954 Stillwater 26.79% 19.9% Cash position C$3.1 MM (Dec 31, 2020) Share price C$0.47 (Apr 1, 2021) Market Ro

  19. Slide 19: Investment Recap Shareholder Value

    INVESTMENT www.aldebaranresources.com RECAP SHAREHOLDER VALUE CLEAR PATH QUALITY HISTORY OF TO ADD PARTNERS VALUE VALUE CREATION CONTACT: INVESTOR RESOURCES: John Black, CEO & Director john.black@aldebaranresources.com www.aldebaranresources.com +1 303-618-7797 Technical Webinar (Feb 2021) Laura Bra

  20. Slide 20: Appendix

    www.aldebaranresources.com APPENDIX TSX.V: ALDE 20

  21. Slide 21: Altar Central & Altar East Cross Section

    ALTAR CENTRAL & ALTAR EAST CROSS SECTION www.aldebaranresources.com 2021 Mineral Resource Block Model N N N N TSX.V: ALDE 21

  22. Slide 22: QDM Gold Cross Section

    QDM GOLD CROSS SECTION www.aldebaranresources.com 2021 Mineral Resource Block Model N N TSX.V: ALDE 22

  23. Slide 23: Where Is the Arsenic?

    WHERE IS THE ARSENIC? Mostly Constrained to the Leached Cap and Supergene Mineralization www.aldebaranresources.com N QDM & RADIO ALTAR CENTRAL ALTAR EAST Base of secondary supergene copper >0.5 CuEq >0.7 CuEq 0 3km TSX.V: ALDE 23

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