Aldebaran Resources Inc · TSXV:ALDE
Aldebaran Resources — Investor Presentation (October 2024)
30 slides from Aldebaran Resources's investor presentation, October 2024
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 October 2024 TSX.V: ALDE | OTCQX: ADBRF
Slide 2: Forward-Looking Statements
ALDEBARAN RESOURCES FORWARD-LOOKING STATEMENTS 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
Slide 3: Advancing a Large, High-Quality Copper Project
INVESTMENT HIGHLIGHTS ADVANCING A LARGE, HIGH-QUALITY COPPER PROJECT Altar Is One Of The Largest Altar Is Already Big, But Undeveloped Copper About To Get Substantially Deposits In The World Bigger Located In An Emerging Right Management Team & Hotbed For Exploration & Partners To Execute Mining TSX
Slide 4: What's Our Business Model?
CORPORATE OVERVIEW WHAT’S OUR BUSINESS MODEL? Identify Add Liquidity Deposit Value Event What we look for What we do Why we sell • Drilling completed • Drill • Avoid capex • Low-cost entry • Grow resources • Lowers risk • Overlooked potential • De-risk project • Shorter timeline for • Potential to b
Slide 5: A Management Team with a Clear Plan and Successful Record
WHAT’S OUR BUSINESS MODEL? A MANAGEMENT TEAM WITH A CLEAR PLAN AND SUCCESSFUL RECORD TSX.V: ALDE | OTCQX: ADBRF 5
Slide 6: Who Are We? A Core Management Team with a Track Record
WHO ARE WE? A CORE MANAGEMENT TEAM WITH A TRACK RECORD OF SUCCESS ALDEBARAN’S CO-FOUNDERS OTHER KEY 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 Robeto, B.S
Slide 7: Who Are Our Partners?
WHO ARE OUR PARTNERS? ALDEBARAN HAS MAJOR FINANCIAL AND STRATEGIC BACKING • San Francisco based • Precious metal and PGM • Diversified miner based • Technology division of hedge fund producer based in South in Australia, spun out Rio Tinto, which has Africa from BHP in 2015 patents on bio-heap • Lar
Slide 8: What Is Our Capital Structure?
WHAT IS OUR CAPITAL STRUCTURE? A TIGHTLY-HELD JUNIOR WITH STRATEGIC PARTNERS Strong Shareholder Backing Capital Structure Ticker (TSX.V) ALDE 14.35% Ticker (OTCQX) ADBRF 44.09% Shares issued 169,819,120 INSIDERS 5.27% Fully diluted 181,669,120 Share price (October 17, 2024) C$1.30 Market capitalizat
Slide 9: How Has the Stock Performed?
HOW HAS THE STOCK PERFORMED? SHARE PRICE PERFORMANCE AND FINANCINGS ON AN UPWARD TRAJECTORY $1.40 1,200,000 Aldebaran made the OTCQX50 for 2024: a ranking of the top performing companies on the OTCQX Market based on 2023 total return and average daily $1.20 dollar volume growth. 1,000,000 $1.00 Fina
Slide 10: Where Is the Altar Project Located?
WHERE IS THE ALTAR PROJECT LOCATED? SAN JUAN, ARGENTINA: AN EMERGING MINING DISTRICT Mining officially set as state policy • Strong government support Exceptional geological setting • Many sizeable Copper and Gold projects Government wants to advance projects • Quicker permitting, clear process Soci
Slide 11: What Changes Are Happening in San Juan?
WHAT CHANGES ARE HAPPENING IN SAN JUAN? A PRO-MINING JURISDICTION LOOKING TO ADVANCE PROJECTS Fraser Institute LATAM Rankings Right wing governor New administration San Juan mining Salta elected 2023 pushing mining expo San Juan • First right-wing • Copper roundtables • Conference that government el
Slide 12: Incentive Regime for Large Investments (RIGI)
INCENTIVE REGIME FOR LARGE INVESTMENTS (RIGI) A NEW FEDERAL REGIME OF FISCAL INCENTIVES FOR LARGE PROJECTS Key benefits of the RIGI include: Foreign direct investment since RIGI: July 2024 BHP and Lundin Mining TAX EXPORT DUTIES STABILITY C$4.1 agree to acquire Filo • 25% corporate tax • Exempted fr
Slide 13: What Is the History of the Altar Project?
WHAT IS THE HISTORY OF THE ALTER PROJECT? PREVIOUSLY SOLD FOR ~US$487 MILLION, WITH SIGNIFICANT DRILLING 2018 2012-2018 2011 • Aldebaran signs option 2005-2011 • Sibanye-Stillwater 1995-2004 agreement to acquire • Peregrine Metals • Peregrine Metals completes 53,864 • CRA (Rio Tinto) acquired by 80%
Slide 14: How Did We Acquire Altar?
HOW DID WE ACQUIRE ALTAR? ALDEBARAN IS EARNING INTO 80% OF THE PROJECT Initial Payment Earn In 60% Earn In 80% Aldebaran to spend Earn an additional 20% US$15 M by incurring payment to Sibanye- US$30 M Stillwater (completed). on Altar over 5 years. US$25 M over 3 additional years. 19.9% equity Annou
Slide 15: 2021 Resource Estimate
2021 RESOURCE ESTIMATE ALREADY LARGE, AND POISED TO GROW Measured & Inferred Indicated Cu 11.4 Billion lbs 1.8 Billion lbs Copper 0.43% 0.42% Au 3.4 Million Oz 0.4 Million Oz Gold 0.09 g/t 0.06 g/t Ag 38.6 Million Oz 4.8 Million Oz Silver 1.00 g/t 0.8 g/t Notes: • See slide 29 for details of 2021 NI
Slide 16: The Altar United Discovery
THE ALTAR UNITED DISCOVERY MAJOR DISCOVERY THAT WILL INCREASE RESOURCES • Altar Central and Altar East were known, but open for expansion, mineralized porphyry centres when Aldebaran acquired the Altar project in 2019 • Altar United is an additional porphyry intrusion that was discovered in 2022/202
Slide 17: Growing the Deposit Through Exploration
GROWING THE DEPOSIT THROUGH EXPLORATION >63,000 METRES OF DRILLING SINCE 2021 RESOURCE ESTIMATE 2021 2024 2021: A SIGNIFICANT RESOURCE WITH POTENTIAL FOR GROWTH 2021-2024: SUSTAINED DRILLING SUCCESS AT ALTAR UNITED • A total of 255 drill holes (119,052 m) completed at Altar between • Over 63,000 m o
Slide 18: Resources Dominantly in Measured & Indicated
RESOURCES DOMINANTLY IN MEASURED & INDICATED LIMITED INFILL DRILLING NEEDED TO TRANSITION TO RESERVES 87% of Copper pounds from the 2021 Mineral Resource 87% Estimate are in the Measured and Indicated category Altar Central Altar East QDM Gold Radio Altar United RADIO PORPHYRY DEPOSIT (Not currently
Slide 19: Project Timeline
PROJECT TIMELINE MULTIPLE CATALYSTS AS ALDEBARAN ADVANCES ALTAR Activities 2024 2025 2026 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Drill Program CSR Programs Engineering Studies Environmental Monitoring Resource Update Nuton Results PEA PFS TSX.V: ALDE | OTCQX: ADBRF 19
Slide 20: Rio Tinto (Nuton) – Collaboration Agreement
RIO TINTO (NUTON) – COLLABORATION AGREEMENT NUTON’S SULPHIDE LEACHING TECHNOLOGY Financial Benefits Environmental Benefits • CAPEX reduction • Eliminates concentrator & tailings • Unlock lower-grade • ~30% water use compared to mineralization traditional processing • Produce cathodes on site • Far l
Slide 21: Drilling Highlights at Altar
DRILLING HIGHLIGHTS AT ALTAR ALDEBARAN’S DRILLING AT ALTAR INDICATES TIER-ONE SCALE 2021 Conceptual Pit ALD-231 (Oct 3, 2023, release) ALD-190 (Oct 9, 2019, release) 558.8m of 0.44% CuEq 1074.8m of 0.57% CuEq (0.40% Cu, 0.02 g/t Au, 1.80 g/t Ag, 117 ppm Mo) (0.47% Cu, 0.13 g/t Au, 1.30 g/t Ag, 22 pp
Slide 22: Radio Porphyry & QDM Gold
RADIO PORPHYRY & QDM GOLD ADDITIONAL MINERALIZATION PROVIDES OPTIONALITY • QDM Gold is a near-surface gold deposit containing 590,000 Oz’s of AuEq at 0.91 g/t AuEq1 • Radio Porphyry is a porphyry intrusion sitting below the QDM gold deposit • Radio Porphyry is not currently included in resource esti
Slide 23: Regional Exploration
REGIONAL EXPLORATION ALTAR HAS A LARGE LAND PACKAGE WITH BLUE SKY POTENTIAL 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
Slide 24: Where Does Altar Rank?
WHERE DOES ALTAR RANK? ONE OF THE LARGEST COPPER PROJECTS, AND SET TO GROW “Given the ‘spatial extent’ of the 60 158 150 Altar United discovery, we would Copper Projects In The Hands Of Juniors not be surprised to see the 50 project’s updated resource tonnage approach (eclipse) the Copper Equivalent
Slide 25: Creating Value for All Stakeholders
CREATING VALUE FOR ALL STAKEHOLDER CONTRIBUTING TO SUSTAINABLY DEVELOPMENT ACTIVELY INVOLVED IN COMMUNITY AND LARGE DEPOSIT WITH POTENTIAL FOR MULTI- A TECHNICAL APPROACH THAT GENERATES ENVIRONMENTAL PROJECTS GENERATIONAL MINE LIFE VALUE ALDEBARAN has a collaborative approach on the ground to work o
Slide 26: Why Copper?
WHY COPPER? INCREASING DEMAND AND DIMINISHING SUPPLY More copper required over next 25 years than has been produced over the last 120 years Six new large mines required every year to meet coming demand Lack of quality projects available to bring into production TSX.V: ALDE | OTCQX: ADBRF Source : S&
Slide 27: The Copper M&A Cycle Has Begun
THE COPPER M&A CYCLE HAS BEGUN MAJORS HAVE BEEN ACTIVELY ACQUIRING ASSETS BHP and Lundin Mining agree to acquire Filo Corp C$4.1 B 2024 M&A Cycle In Bull Market MACH Metals agrees to acquire Rex Minerals A$393 M 2024 BHP makes failed bid to acquire Anglo American US$49.1 B 2024 Majors Buy Developmen
Slide 28: What Did We Do with Antares Minerals?
WHAT DID WE DO WITH ANTARES MINERALS? CREATED SIGNIFICANT VALUE AND EXECUTED THE BUSINESS PLAN Sold Antares to First Quantum for US$ 650 M TSX.V: ALDE | OTCQX: ADBRF 28
Slide 29: 2021 Mineral Resource Estimate
2021 MINERAL RESOURCE ESTIMATE Altar Central & Altar East - Open Pit Mineral Resource (0.3% CuEq cut off) ALTAR CENTRAL and ALTAR EAST RESOURCE Average Grade Contained Metal Tonnes Cu (M Au (M Ag 2021 Resource compared to 2018 Resource: Material Type Category Cu (%) Au (g/t) Ag (g/t) As (ppm) (Mt) l
Slide 30: Investment Recap
INVESTMENT RECAP TSX.V: ALDE OTCQX: ADBRF CONTACT: Ben Cherrington, ALDEBARAN Investor Relations Manager NEWS FLOW: GROWING AN HIGH-PROFILE COMPELLING ben.cherrington@aldebaranresources.com R E S O U R C E S MULTIPLE LOCATION IN ALREADY VALUATION +1 347-394-2728 (N. America) UPCOMING SIGNIFICANT TOP
Aldebaran Resources — Investor Presentation (October 2024) on 6ix