10:14 AM EDT, 04/15/2025 (MT Newswires) -- Aldebaran Resources (ALDE.V) was at last look down 4% on Tuesday despite saying that field activities at the Altar copper-gold project "are progressing very well." But Aldebaran added it has elected to delay the release of the preliminary economic assessment to Q3 of 2025.

The company in a statement said it has completed 5,977.5 metres of drilling for metallurgical samples required for the Phase 2 Nuton leaching program, and 12,310 metres of drilling to infill areas of mineralization that are currently classified as inferred resources that will need to be upgraded to measured and indicated.

It added the Nuton drill holes were completed predominantly for metallurgical purposes and were not sent for traditional assaying. Infill holes completed have been sent for assaying with results pending.

Aldebaran has elected to delay the release of the PEA to Q3-2025 to allow additional time to develop both the Nuton and non-Nuton cases.

The company also noted that it had as at June 30, 2024 expended the additional US$25 million required to buy an additional 20% interest in the Altar project from Sibanye-Stillwater. Aldebaran now owns an 80% interest in the Altar project, while Sibanye-Stillwater owns a 20% interest, following completion of the administration related to the earn-in. The Altar project will be operated as a JV from June 30, 2024.

Price: 1.68, Change: -0.07, Percent Change: -4.00

http://www.mtnewswires.com
Copyright © 2025 MT Newswires. All rights reserved. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.