John Black on Aldebaran's New Spin-Co and an Altar PEA Update
In this episode of Mining Stock Daily, John Black from Aldebaran Resources discusses the company's strategic decision to spin out a portfolio of non-priority properties into a new Argentine-focused exploration company. This new entity, led by CEO Sam Leong, aims to unlock value from projects like Rio Grande, a copper-gold porphyry system, and Aguas Calientes, a silver-gold epithermal project, which were previously undervalued within Aldebaran's portfolio. Current Aldebaran shareholders are expected to receive shares in this new public company, allowing them to realize value from these projects. Additionally, Black provides an update on the Altar Preliminary Economic Assessment, explaining its delay to Q4 due to an extended review process involving Rio Tinto's proprietary primary sulfite heap leach technology
