Northwire Canada EditionSaturday, November 7, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Drill Results Routine +

Aldebaran Reports 1,339.30 m of 0.45% CuEq (0.38% Cu, 0.14 g/t Au & 2.54 g/t Ag) including 500 m of 0.71% CuEq (0.58% Cu, 0.35 g/t Au & 1.42 g/t Ag) at the Altar Copper-Gold Project in San Juan, Argentina

Aldebaran Resources Inc.

By The Northwire Desk — AI Analysis May 21, 2026 · 07:00 ALDE · 2.78 Aldebaran Resources Inc.
Executive Summary
  • Aldebaran Resources released drilling results from seven holes at the Altar Copper-Gold Project in San Juan, Argentina on May 21, 2026.
  • The program is an infill drill initiative designed to upgrade mineral resources from Inferred to Measured & Indicated categories.
  • Key intercept includes 1,339.30 m of 0.45% CuEq (including 500 m of 0.71% CuEq).
  • The company anticipates releasing an updated mineral resource estimate in Q3 2026 and aims to complete a Pre-Feasibility Study (PFS) in Q2/Q3 2027.
  • Over 40,000 m of drilling has been completed since the 2024 resource estimate.
  • Management confirms continuity of mineralization and grade consistency, which is critical for PFS de-risking.
Material Impact
  • The news validates the ongoing infill drilling program announced in previous releases (Feb-April 2026) aimed at supporting the Q3 2026 resource update.
  • While grades are robust, this is expected progress rather than a new discovery or economic breakthrough; the PEA ($2B NPV) was already released in late 2025.
  • The market has previously reacted negatively to dilution concerns following the $45M financing closed at $3.25/share in February 2026, as evidenced by the price drop from ~$4.18 (Jan 2026) to current levels (~$2.78).
  • The news does not materially alter the investment thesis but confirms execution of the path to PFS.
  • Given the recent downtrend and trading below the offering price, positive technical momentum is required for this news to translate into a sustained price increase.
ALDE · Price
Company Overview
  • Company: Aldebaran Resources Inc. (TSX.V: ALDE, OTCQX: ADBRF).
  • Flagship Project: Altar Copper-Gold Project in San Juan Province, Argentina.
  • Project Status: Development stage; Preliminary Economic Assessment (PEA) completed with $2B NPV (8%). Moving toward Pre-Feasibility Study (PFS).
  • Mine Type: Open-pit concentrator (future transition to block-cave underground).
  • Production Guidance: 60,000 tpd throughput; LOM CuEq production ~101 kt/year.
  • Cost Profile: C1 cash costs estimated at $1.71/lb payable Cu in first 20 years.
  • Resource Base: Updated 2024 MRE shows 2.40 Mt Measured & Indicated (approx. 66% of total resource).
Read the original news release →

More from Aldebaran Resources Inc.

Oct 05, 2026 · 07:00

Aldebaran Reports 1,728.9 m of 0.45% CuEq (0.41% Cu, 0.03 g/t Au & 1.34 g/t Ag), including 756 m of 0.68% CuEq (0.61% Cu, 0.03 g/t Au & 2.12 g/t Ag) at the Altar Copper-Gold Project in San Juan, Argentina

Drill Results Sep 09, 2026 · 07:00

Aldebaran’s Altar infill returned 513 m at 1.06% CuEq, marking strong but expected resource conversion.

Drill Results Aug 25, 2026 · 07:00

Aldebaran’s Centauri spin-out clears its final TSX-V hurdle, paving the way for a standalone listing and value unlock.

M&A / Property Aug 11, 2026 · 07:00

Aldebaran clears its final court hurdle, unlocking a standalone Argentine exploration entity for future mineral development.

M&A / Property Jul 23, 2026 · 15:32

Aldebaran closes Centauri spin-out financing in escrow ahead of the August shareholder distribution.

Financings Jul 06, 2026 · 06:14

Aldebaran secures C$25 million to finalize its spinout and fund drilling at its Argentine Centauri project.

Financings