Mining Stock Daily Aldebaran Resources Provides Drilling Update from Altar and Reasoning Behind the Delay of the PEA
Apr 16, 2025
John Black, CEO of Aldebaran Resources, shares exciting insights about the Altar project in Argentina. He discusses the ongoing drilling progress, highlighting the focus on resource conversion and significant metallurgical testing. Delving into delays, John explains the importance of accuracy for the upcoming preliminary economic assessment and the challenges posed by Argentina's regulatory landscape. He also sheds light on the recent economic shifts in Argentina and their implications for mining projects. A must-listen for mining enthusiasts!
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Resource Conversion Focus
- Aldebaran focuses drilling on converting inferred resources to indicated for pre-feasibility studies.
- They prioritize infill drilling in economically impactful areas to improve confidence, not necessarily to expand deposit size.
Reason Behind PEA Delay
- The PEA for Altar is delayed from Q2 to Q3 to ensure accuracy and robustness.
- Dual cases are evaluated: one for conventional processing and one using Rio Tinto's Newton technology.
Newton Technology Progress
- Newton test work on large diameter core leaching is advanced and providing reliable recovery estimates.
- Delaying the PEA is not due to Newton results but to ensure design and cost parameters are well defined.