Total inferred resources were 1.22 billion tonnes grading 0.37% copper, 0.04 g/t gold, 1.25 g/t silver and 45 ppm molybdenum. The tonnage represents a 542% increase over the previous estimate, while the contained copper and gold were 462% and 338% higher respectively.
The resource update, according to Aldebaran’s CEO John Black, represents a major milestone for the Altar copper-gold project, demonstrating “is one of the largest undeveloped copper-gold deposits in the world.”
On the back of this resource estimate, the company has begun working towards the first PEA (preliminary economic assessment) on the Altar project, to be completed in the second quarter of 2025. “With our 2024-2025 drill program just underway and lots of catalysts coming, the future is very bright at the Altar copper-gold project,” Black said.
Aldebaran Resources’ stock set a new all-time high of C$2.19 on Monday following the…
