Aldebaran Resources Inc · TSXV:ALDE
Aldebaran Resources — PDAC 2019
32 slides from Aldebaran Resources's conference presentation, March 2019
Slide 1: An Innovative Deal, New Geological Vision & Future Value Creation in Argentina
An Innovative Deal, New Geological Vision & Future Value Creation in Argentina TSX.V: ALDE Flagship Altar Cu-Au Project Corporate Presentation PDAC – March 2019 1
Slide 2: Disclosure: Forward-Looking Information
Disclosure www.aldebaranresources.com Forward-Looking Information Forward‐Looking Information. Certain of the information contained in this document constitutes forward‐looking information or forward‐looking statements (collectively, "forward‐looking information") within the meaning of applicable Ca
Slide 3: A Brief Introduction: Company Overview
A Brief Introduction www.aldebaranresources.com Company Overview What do we have? • Strong Pipeline of Argentina Cu, Au & Ag Exploration Projects, includes 2 Resources What is our focus? • Defining Higher Grade Cu-Au Zones within Immense Resource at Altar Project • Extensive relogging and 5-6000m dr
Slide 4: An Experienced Team in South America
Who are we? www.aldebaranresources.com An Experienced Team in South America John Black Previous Experience with M&A in CEO & Director South America B.Sc., M.Sc., 35+ years international exploration experience – Kennecott, Rio Tinto, WMC, founding President/CEO of Antares Minerals. • With predecessor
Slide 5: A Junior With Loyal Shareholders
Who are we? www.aldebaranresources.com A Junior With Loyal Shareholders Aldebaran Shareholders Shares issued 77,635,956 Insiders & Other Associates Shareholders 17.62% 13% Cash position C$ 12.9 MM (Feb 2019) Sibanye- Stillwater Route One 19.9% 49.48% Share price C$ 0.65 (Feb 28, 2019) Regulus shareh
Slide 6: How did we form Aldebaran?
How did we form Aldebaran? www.aldebaranresources.com Spin Out, Option Agreement and Financing 1 Regulus Argentina Assets Spin Out Regulus spun-out the Rio Grande project and other early-stage exploration properties in Argentina into new company (Aldebaran). 2 Altar Cu-Au Project Deal Option acquire
Slide 7: How did we structure the Altar Deal?
How did we structure the Altar Deal? www.aldebaranresources.com Altar Project Deal Structure ▪ Option acquired for US$15MM from Sibanye-Stillwater (19.9% equity ownership). ▪ Aldebaran to spend US$30MM on Altar over 5 years to earn 60%. ▪ Earn an additional 20% by incurring US$25MM over 3 years. ▪ A
Slide 8: Where are our projects?
Where are our projects? www.aldebaranresources.com In Argentina’s Most Mining Friendly Provinces Aguas Calientes, Au-Ag Jujuy Province Epithermal Au Targets, Drill Ready Rio Grande, Cu-Au-Ag-Mo Salta Province Resource, Upside Potential and Synergy Opportunities Altar Cu-Au Project San Juan Province
Slide 9: Altar Cu-Au Project: Drilling Has Commenced
www.aldebaranresources.com Altar Cu-Au Project Drilling Has Commenced TSX.V: ALDE
Slide 10: Where is the Altar Cu-Au Project?
Where is the Altar Cu-Au Project? www.aldebaranresources.com Altar Is Close to Major Operating Mines Altar Cu-Au Project TSX.V: ALDE 10
Slide 11: Altar Cu-Au Project
Altar Cu-Au Project www.aldebaranresources.com Altar Central & East (~4125m asl) Altar QD North M Altar East Altar Central CAMP Alluvial Plain with Altar Camp (~3100m asl) Looking North >12,200 ha of mining and exploration concessions controlled TSX.V: ALDE 11
Slide 12: What do we have at Altar?
What do we have at Altar? www.aldebaranresources.com A Large Cu-Au Resource Altar Project (100% Basis) (1) Resource Cut-off Tonnes Grade Contained Metals Category Grade (MM) Sulfide Cu (2) Au Sulfide Cu (2) Au (NSR US$/t) (%) (g/t) (MM lbs) (MM oz) Measured 1,005.9 0.34% 0.1 7,458 2.981 Indicated $1
Slide 13: How does Altar's Resource compare?
How does Altar’s Resource compare? www.aldebaranresources.com Total Cu Eq. Resources (Bn lbs) (1) 146 93 13 47 65 64 21 43 Aldebaran 8 7 37 35 70 34 34 34 34 33 56 31 4 9 8 7 7 16 5 25 23 21 20 20 99 22 8 8 11 5 18 17 16 36 15 4 32 33 3 3 6 13 8 5 5 27 27 3 10 21 1 3 10 5 8 19 16 17 2 6 5 4 15 15 12
Slide 14: What is Altar's history?
What is Altar’s history? www.aldebaranresources.com 251 Holes Totalling 113,428m Drilled as of September 2018 ~1995-2004 July 2011 2013 2016 2017 Q4 2018 CRA (Rio Tinto) Peregrine Metals Stillwater US$4MM was US$1.7MM was Aldebaran drills first holes at was acquired by refocuses on PGM spent on 4,89
Slide 15: What is our Strategy at Altar?
What is our Strategy at Altar? www.aldebaranresources.com Changing Market Perception – Expanding Resource Base Project Historic Market Our view and work Company Perception Haquira Cu Perceived small oxide We proved larger Cu-Au Resource Antares Minerals deposit 13.3 billion lbs of contained copper e
Slide 16: Three Higher Grade Cores at Altar
Three Higher Grade Cores at Altar www.aldebaranresources.com • Each of the three has dimensions (plan view) similar to our Haquira East previous Haquira East discovery in Peru. • All three of these higher-grade zones are open laterally and to depth. QDM / Radio Porphyry Altar Central & East TSX.V: A
Slide 17: Altar East Significant Drill Results
Altar East Significant Drill Results At One of Altar’s Three Higher Grade Cores www.aldebaranresources.com * Various long high-grade intercepts (0.2% CuEq cutoff) Hole ID From To Interval (m) CuEq (%) Cu (%) Au (ppm) ALD 173 12.00 941.00 929.00 0.622 0.437 0.242 ALD 176 72.00 951.25 879.25 0.757 0.5
Slide 18: Altar Central Significant Drill Results
Altar Central Significant Drill Results At One of Altar’s Three Higher Grade Cores www.aldebaranresources.com * Various long high-grade intercepts (0.2% CuEq cutoff) Hole ID From To Interval (m) CuEq (%) Cu (%) Au (ppm) ALD 109 100.00 953.00 853.00 0.641 0.585 0.066 ALD 049 132.00 951.60 819.60 0.70
Slide 19: QDM & Radio Porphyry Significant Results
QDM & Radio Porphyry Significant Results At One of Altar’s Three Higher Grade Cores www.aldebaranresources.com Hole ID From To Interval (m) CuEq (%) Cu (%) Au (ppm) QDM 002 14.00 228.00 214.00 0.784 0.065 0.962 QDM 006 20.00 166.00 146.00 0.975 0.075 1.240 QDM 013 4.00 178.00 174.00 0.731 0.062 0.90
Slide 20: 2019 Exploration Program
2019 Exploration Program www.aldebaranresources.com Aldebaran Altar Exploration Program Commenced Jan 2019 • Re-casting a large, low-grade deposit to one having 3 higher-grade cores. • An extensive re-logging program and moderate new drilling. • Open to expansion at depth and laterally. Blue sky pot
Slide 21: Potential for Higher Grade Mineralization
What do we have at Altar? www.aldebaranresources.com Potential for Higher Grade Mineralization CuEq (%) Cu (%) Au (ppm) Ag (ppm) Mo (ppm) As (ppm) Interval (m) 1.257 0.891 0.473 1.4 3.0 179 16.0 Drill Hole ALD-176: Sub-interval 786 – 802 m Drill Hole ALD-176: Overall Interval Deeper, Higher-grade Cu
Slide 22: Altar Long-Section
Altar Long-Section www.aldebaranresources.com QDM/Radio Porphyry Altar Central Altar East TSX.V: ALDE 22
Slide 23: What will be the approach at Altar?
What will be the approach at Altar? www.aldebaranresources.com Re-explore Based on Peregrine and Stillwater’s Previous Work QDM / Radio represents a new discovery in 2016 QDM & Altar Central Altar East Radio Porphyry 3 km gap with no drill holes Late post-mineral dyke Multiple holes stopped in high-
Slide 24: Additional Strong Pipeline of Projects
www.aldebaranresources.com Additional Strong Pipeline of Projects Rio Grande and Aguas Calientes TSX.V: ALDE
Slide 25: Where is Rio Grande located?
Where is Rio Grande located? www.aldebaranresources.com Close to Lindero Gold Project and Taca Taca Copper Project First Quantum is conducting environmental impact assessment studies at Taca Taca Cu project Rio Grande, Cu-Au-Ag-Mo Fortuna Silver has begun mass earthworks at Lindero Au project with f
Slide 26: What do we have at Rio Grande?
What do we have at Rio Grande? www.aldebaranresources.com Resource, Upside Potential and Synergy Opportunities Rio Grande Project Mineral Resource Estimate (1) 1. Mineral Resource estimate prepared by RPA for the Rio Grande Project as of August 17, 2018. 100% Owned by Aldebaran Cu-Au-(Mo) Porphyry N
Slide 27: Rio Grande Exploration
Rio Grande Exploration www.aldebaranresources.com Development Milestones Advancing Steadily Intercept Highlights • During 2015 and early 2016, a major project data review was completed, including re- logging of all drill core from the project → This data review confirmed further exploration is merit
Slide 28: Rio Grande Exploration
Rio Grande Exploration www.aldebaranresources.com Geological Profile Exploration Targets & Upside • Eroded stratovolcano of Miocene age, • Potential for multiple, large, deeper, high- emplaced within a back-arc basin filled with grade targets identified. continental red beds. • Multiple geological a
Slide 29: Aguas Calientes Drill Ready
Aguas Calientes Drill Ready www.aldebaranresources.com Epithermal Au at Project 100% Owned by Aldebaran Early to intermediate stage exploration Southern Jujuy Province, NW of Salta Positive social status Environmental permits are up to date Au-Ag bearing epithermal quartz veins 6km epithermal strike
Slide 30: Aguas Calientes
Aguas Calientes www.aldebaranresources.com 6km Strike Length of Liberalized Float TSX.V: ALDE 30
Slide 31: Why should you invest in Aldebaran?
Why should you invest in Aldebaran? www.aldebaranresources.com • Successful Team with Proven Track Record • Well Funded to Advance Exploration • Strong Pipeline of Projects • Large Resource Base with Significant Upside Potential • Delivering Undervalued Cu-Au Asset into Rising Copper Market TSX.V: A
Slide 32: Notes / Contact
www.aldebaranresources.com Laura Brangwin, Investor Relations laura.brangwin@aldebaranresources.com www.aldebaranresources.com Suite 2300, 1177 W. Hastings Street, Vancouver, BC V6E 2K3 Tel: (604) 685-6800 NOTES TSX.V: ALDE