https://www.miningweekly.com

Aldebaran on its way to earning 80% of Argentina copper project

16th August 2023

By: Creamer Media Reporter

     

Font size: - +

TSX-V-listed Aldebaran Resources has officially earned a 60% interest in the Altar project and is on its way to earning an eventual 80% interest in the Argentina copper project.

The company has completed the $30-million in expenditures required to earn a 60% interest pursuant to its joint venture agreement with South Africa-headquartered Sibanye-Stillwater.

Further, the company has notified Sibanye-Stillwater that it intends to proceed with the second option to spend $25-million over a three-year period to acquire an additional 20% interest in the Altar project.

“When we picked up this project in 2018, we understood that it had immense potential; however, it has exceeded our expectations on several fronts. Altar represents one of the largest undeveloped copper projects in the world, and we are excited to continue to unlock its potential to help supply necessary copper resources to fuel the worldwide green energy revolution,” comments CEO John Black.

Upon completion of the second option, Sibanye-Stillwater will retain a 20% interest in Altar.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

SafeQuip
SafeQuip

SafeQuip is a leading distributor and manufacturer of fire safety solutions, offering a comprehensive range of products designed to meet all...

VISIT SHOWROOM 
EKATO Africa
EKATO Africa

Established in 1933, EKATO is the world leader in agitation technology, supplying agitators for processes and applications such as chemicals and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.049 0.344s - 110pq - 2rq
Subscribe Now