The Altar copper-gold project hosts a cluster of poprhyry deposits in Argentina which Aldebaran has identified as an opportunity to re-explore and later deliver to the rising copper market.
Status |
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Geology |
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Location |
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Nearby Mines |
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3 Mineralization Zones (To Date) |
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Option Agreement |
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Aldebaran has entered into a joint venture and option agreement with Sibanye-Stillwater to earn up to an 80% interest in the Altar project.
The consideration to acquire an initial 60% interest comprises:
Aldebaran has the right to earn an additional 20% interest in the Altar project by spending an additional US$25 million over a three-year period following Aldebaran's acquisition of the initial 60% interest.
See the Sibanye-Stillwater webpage for historical drill results and more information here.