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Aldebaran Resources Inc.
Summary
| Project: | Rio Grande | |
|---|---|---|
| Deposit: | Rio Grande | |
| Location: | Argentina | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 11/1/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing PEA | |
| Report details: | 1-11-2018: Aldebaran Resources Inc. announces a Resource Estimation report for its Rio Grande deposit at the Rio Grande project. Mineral resource estimate for project as part of spin out. Roscoe Postle Associates Inc. (RPA) was retained by Aldebaran Resou | |
| Resources: | ||
| CP/QP: | [Resources]: Sean Horan (Roscoe Postle Associates Inc.) | |
| ABSTRACT: | Roscoe Postle Associates Inc. (RPA) was retained by Aldebaran Resources Inc. (Aldebaran) to prepare an independent Technical Report on the Rio Grande Project (the Project or the Property), located in Salta Province, northern Argentina. The purpose of this report is to support the disclosure of the updated Mineral Resource estimate for the Project. This Technical Report conforms to National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101). RPA visited the Property from August 8 to 14, 2017. In June 2018, Regulus Resources Inc. (Regulus) entered into an arrangement agreement (the Arrangement Agreement) to spin out its Argentine assets, including the Rio Grande and Aguas Calientes projects, into a newly formed company, Aldebaran. Under the terms of the Arrangement Agreement, Aldebaran will enter a joint venture and option agreement (the JV Agreement) with Stillwater Canada LLC, an indirect subsidiary of Sibanye Gold Limited (Sibanye-Stillwater), to acquire up to an 80% interest in Peregrine Metals Ltd. (Peregrine), a wholly owned subsidiary of Sibanye-Stillwater that owns the Altar Copper-Gold project in San Juan Province, Argentina, subject to the completion of a minimum US$30 million common share financing in Aldebaran. Each Regulus shareholder will receive one post-consolidated share of Aldebaran for every three Regulus shares. Aldebaran has secured a financing commitment for the US$30 million financing. As a result of the Arrangement Agreement, Aldebaran will own 100% of the Rio Grande copper-gold-silver property which is located in the Altiplano of northwest Argentina at elevations between 3,700 m and 4,700 m above sea level. The Property is located approximately 260 km west of the city of Salta and 40 km east of the Chilean border. | |
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