Aldebaran Resources Inc · TSXV:ALDE

Aldebaran Resources — Investor Presentation (July 2021)

25 slides from Aldebaran Resources's investor presentation, July 2021

  1. Slide 1: The Altar Copper-Gold Project

    TSX.V:ALDE TSX.V:ALDE OTCQX:ADBRF OTCQX:ADBRF The Altar Copper-Gold Project CORPORATE PRESENTATION JULY 2021

  2. 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

  3. Slide 3: Investment Highlights

    INVESTMENT HIGHLIGHTS www.aldebaranresources.com HIGH-GRADE COPPER AND GOLD DISCOVERY SIGNIFICANT EXPLORATION UPSIDE • Radio Porphyry deposit is a game changer for the project • Recent high-grade Intercepts: • All deposits discovered to date are open and have • QDM-42: 111 m of 1.4% CuEq within 333

  4. Slide 4: Where Is the Altar Project?

    WHERE IS THE ALTAR PROJECT? www.aldebaranresources.com Located in San Juan, Argentina Argentina Mining Aldebaran’s flagship Altar project is located near existing mines and Provinces Map large copper-gold projects and in a mining-friendly province. Mining friendly Somewhat mining friendly Least mini

  5. Slide 5: Altar Is a District of Deposits

    ALTAR IS A DISTRICT OF DEPOSITS www.aldebaranresources.com One Project – Multiple Deposits, and Potential For More ALTAR CENTRAL & ALTAR EAST DEPOSITS 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 (Not currently in the Resource) Inf: 1.9 B lb

  6. Slide 6: QDM & Radio Porphyry Deposits

    QDM & RADIO PORPHYRY DEPOSITS www.aldebaranresources.com • High-grade copper and gold deposit QDM 027 QDM 026 QDM 010 QDM 007 with low arsenic levels. +4000 • Not currently in Resource due to limited drilling. QDM Gold • QDM Porphyry discovered in QDM 41 is geologically Deposit different from the Ra

  7. Slide 7: Hole QDM-21-42

    HOLE QDM-21-42 Drill Core of Significant Intercepts www.aldebaranresources.com QDM-042 663.65 m QDM-042 726.00 m QDM-042 775.25 m QDM-042 825.8 m TSX.V: ALDE CuEq calculated using US$3/lb Cu, US$1,400/oz Au, US$18/oz Ag and US$10/lb Mo. CuEq % = Cu % + Au g/t * 0.6805 + Ag g/t * 0.00875 + Mo ppm / 3

  8. Slide 8: QDM & Radio Porphyry Deposits

    QDM & RADIO PORPHYRY DEPOSITS Drill Core of Significant Intercepts www.aldebaranresources.com QDM-034 894.60 m (Radio Porphyry) QDM-034 899.45 m (Radio Porphyry) QDM-039 592.60 m (Radio Porphyry) QDM-041 976.75 m (QDM porphyry) TSX.V: ALDE CuEq calculated using US$3/lb Cu, US$1,400/oz Au, US$18/oz A

  9. Slide 9: Altar Central Deposit

    ALTAR CENTRAL DEPOSIT www.aldebaranresources.com • 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. • Geologically different from Altar East, ind

  10. Slide 10: Altar Central Deposit

    ALTAR CENTRAL DEPOSIT Drill Core of Significant Intercepts www.aldebaranresources.com ALD-019 832.30m ALD-049 443.9m ALD-019 852.05m TSX.V: ALDE CuEq calculated using US$3/lb Cu, US$1,400/oz Au, US$18/oz Ag and US$10/lb Mo. CuEq % = Cu % + Au g/t * 0.6805 + Ag g/t * 0.00875 + Mo ppm / 3000. Recoveri

  11. Slide 11: Altar East Deposit

    ALTAR EAST DEPOSIT www.aldebaranresources.com • Several long runs of attractive grade mineralization. CuEq % 0.7 • High-grade zones open laterally and at depth. 0.5 0.3 • Geologically different from Altar Central, indicating the 0.1 mineralizing events for both deposits were separate. • Higher-grade

  12. Slide 12: QDM Gold Deposit

    QDM GOLD DEPOSIT www.aldebaranresources.com • Stand-alone gold deposit largely in sulphides; Au_ppm ~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. • Could potentially represent

  13. Slide 13: 2021 Resource Estimate

    2021 RESOURCE ESTIMATE www.aldebaranresources.com 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)

  14. Slide 14: Supergene Copper

    SUPERGENE COPPER www.aldebaranresources.com ALTAR CENTRAL & ALTAR EAST COPPER GOLD DEPOSITS 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 Supergene sulphide enrichment is the natura

  15. Slide 15: What Are the Next Steps at Altar?

    WHAT ARE THE NEXT STEPS AT ALTAR? 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 target

  16. Slide 16: How Does Aldebaran Compare?

    HOW DOES ALDEBARAN COMPARE? www.aldebaranresources.com Aldebaran Compares Well to Peers and Has Significant Growth Potential EV/lb CuEq Total Resources CuEq Grade REGULUS FILO 0.108 SOLGOLD Avg of top 3 FILO SOLGOLD 0.036 WESTERN is $0.054/lb SOLGOLD JOSEMARIA 0.019 LOS ANDES GT GOLD WESTERN JOSEMAR

  17. Slide 17: Who Are We?

    WHO ARE WE? A Junior With Strong Financial Supporters www.aldebaranresources.com Aldebaran Shareholders Management & Directors 5.66% Shares issued 114,494,531 Other Shareholders Sibanye- Fully diluted 140,738,118 24.88% Stillwater 19.9% Cash position C$8.9 MM (May 31, 2021) Share price C$0.68 (July

  18. Slide 18: Who Are We?

    WHO ARE WE? www.aldebaranresources.com MANAGEMENT TEAM INDEPENDENT DIRECTORS OF THE BOARD John Black B.Sc., M.Sc. Adam Greening B.Sc., MBA John Sibley LL.B, ICD.D CEO & Director VP, Corp. Development Director 35+ years international exploration experience – 15+ years of experience in corporate devel

  19. Slide 19: ESG

    ESG www.aldebaranresources.com Aldebaran is Committed to Best Practices 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

  20. Slide 20: Appendix

    www.aldebaranresources.com APPENDIX

  21. Slide 21: Altar Copper-Gold Project History

    ALTAR COPPER-GOLD PROJECT HISTORY TSX.V:ALDE www.aldebaranresources.com OTCQX:ADBRF 2018 2019-2020 1995-2004 2005-2011 2011 2012-2018 • Aldebaran • Aldebaran THE • Rio Tinto • Peregrine • Peregrine • Sibanye- signs option completes RE-EXPLORATION completes Metals Stillwater agreement to critical dat

  22. Slide 22: Who Are We?

    WHO ARE WE? www.aldebaranresources.com Management with Successful Track Record THE HAQUIRA PROJECT: THE ANTAKORI PROJECT: THE ALTAR PROJECT: • Converted Haquira from small oxide • Converting AntaKori from a moderate • Negotiated attractive agreement to deposit to Tier 1 porphyry deposit sulphide dep

  23. Slide 23: What Other Projects Do We Have?

    WHAT OTHER PROJECTS DO WE HAVE? Portfolio of Copper-Gold Opportunities in Argentina www.aldebaranresources.com FLAGSHIP PROJECT Altar Cu-Au Project San Juan Province OTHER PROJECTS IN THE PORTFOLIO Rio Grande, Cu-Au-Ag-Mo Salta Province Aguas Calientes, Au-Ag Jujuy Province Catua, Cu Jujuy Province

  24. Slide 24: How Did We Structure the Altar Deal?

    HOW DID WE STRUCTURE THE ALTAR DEAL? Aldebaran Has the Option to acquire up to 80% interest in Altar www.aldebaranresources.com 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

  25. Slide 25: Investment Recap

    INVESTMENT www.aldebaranresources.com SHAREHOLDER VALUE RECAP 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 Video Series 2021 Laura Brangwin, Inve

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