Aldebaran Resources

Aldebaran Resources Inc. operates as a Canadian mineral exploration company, with its primary focus centered on the Altar Copper-Gold Project located in the San Juan Province of Argentina. The company was established in 2018 as a spin-out from Regulus Resources Inc., retaining the same core management team.

The leadership team includes co-founder, CEO, and Director John E. Black, an economic geologist with over 35 years of experience, and co-founder and CFO Mark Wayne, a Chartered Financial Analyst with a background in corporate and securities law. Dr. Kevin B. Heather, another key figure, serves as the Chief Geological Officer and Director, bringing over 40 years of experience in economic geology. This management group has a history of successful ventures, including the development and sale of Antares Minerals to First Quantum Minerals for C$650 million in 2010.

Aldebaran's business model is to acquire and de-risk undervalued projects with high growth potential, positioning them for joint ventures or eventual sale to major mining companies. The company's main asset, the Altar project, is one of the largest undeveloped copper deposits globally. Aldebaran has earned an 80% interest in the project through a joint venture with Sibanye-Stillwater. The project is situated in a prolific mining district that hosts other world-class porphyry copper deposits like Los Pelambres, El Pachón, and Los Azules.

The Altar project contains significant mineral resources. A November 2024 mineral resource estimate highlighted 22.01 billion pounds of copper, 5.08 million ounces of gold, and 93.76 million ounces of silver in the Measured and Indicated categories, with additional inferred resources. Aldebaran is actively advancing the project through extensive drilling programs aimed at expanding the resource and upgrading resource classifications. The company has strategic partnerships with major entities like South32, Route One Investment Company, and Rio Tinto, which is exploring the application of its Nuton technology for lower-cost processing. Key upcoming milestones include a Preliminary Economic Assessment (PEA) expected in Q3-2025 and a Pre-Feasibility Study (PFS) in 2026.

Keywords: mineral exploration, copper mining, gold exploration, San Juan Argentina, Altar project, porphyry copper, resource development, joint venture, Sibanye-Stillwater, Rio Tinto, junior mining, exploration drilling, Preliminary Economic Assessment, Pre-Feasibility Study, copper-gold deposit, South America mining, John E. Black, Kevin B. Heather, Regulus Resources, mineral resource estimate, copper assets