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Aldebaran Resources Inc. (TSX.V:ALDE; OTCQX: ADBRF) is a Canadian exploration and development company focused on the Altar copper-gold project in San Juan, Argentina: the 4th largest undeveloped copper project in the hands of a junior, globally. In 2024, the Company updated its mineral resource estimate (MRE) to reveal a 3.6 B tonne deposit containing ~36 B lb copper and ~6.8 M oz gold. In 2025, the Company published its maiden PEA, revealing a 48-year mine life producing over 100k tons CuEq p/y, with robust economics. Aldebaran is now working towards an updated MRE in Q4 2026, followed by a PFS in 2027. Aldebaran was formed in 2018 under the directorship of the former management of Antares Minerals Inc. (John E. Black, Dr. Kevin B. Heather and Mark Wayne), which sold Antares to First Quantum Minerals for C$650 million. Their management group business model is to acquire resources that have overlooked potential, advancing them through drilling and de-risking to approximately a PFS stage, and then sell to a major company.

Management Profile:

 Dr. Kevin B. Heather is an economic geologist with 40 years of field experience in North and South America. Dr. Heather was a founding member of both Antares and Regulus and directed the exploration that led to the discovery of the high-grade Haquira East deposit in Southern Peru, which sold to First Quantum Minerals. His professional credentials include a BSc. (honours) degree in Geology from UBC in 1982, a MSc. degree in Geology from Queen’s University in 1985, and a PhD. degree from the University of Keele in 2001. Dr. Heather is currently the Chief Geological Officer (CGO) for Aldebaran and Regulus and is the QP (FAUSIMM) responsible at a corporate level for overseeing the technical aspects of both company’s exploration activities. During his career Dr. Heather has been involved with several discoveries and has worked on various world-class ore deposits including the El Indio Au-Ag-Cu Mine (Chile), the Pascua-Lama Au-Ag deposit (Chile-Argentina), and the Au-Ag Cerro Vanguardia Au-Ag deposit (Patagonia, Argentina).

What are your key goals for the next 3 months?: 

Update the Mineral Resources Estimate (MRE) for Altar and start the 2026/27 drilling campaign.

What are your key goals for the next 6 months?:

Apply for the RIGI (Argentine Regime for Large Investments) to lock in a 30-year tax stability agreement for Altar.

What are your key goals for the next 12 months?:

Release the Pre-Feasibility Study for the project.

What do you think makes your company such a compelling investment?:

 Aldebaran is advancing one of the largest copper-gold development assets in the world, located in San Juan, Argentina - the top rated jurisdiction in Latin America for mining investment (Fraser Institute). In the next ~12 months, the Company has multiple significant catalysts, including an update of the MRE, application for the RIGI, and a PFS in 2027. Considering the scale and quality of the Altar project, it should be an attractive M&A target for every major copper producer, a strategic metal moving into a structural supply deficit.