Aldebaran Resources starts up Centauri Minerals spinout

Executive Summary

• Aldebaran Resources Inc. has officially launched Centauri Minerals Inc., a new spinout company focused on exploration in northern Argentina, and completed a $5.7 million private seed financing round.
• Centauri holds a portfolio of six exploration projects (over 43,000 hectares) in Salta, Jujuy, and Catamarca provinces, with initial focus on copper, gold, and silver.
• Aldebaran will receive 40 million common shares (78.1%) of Centauri in exchange for transferring its Argentine subsidiaries, with plans to distribute Centauri shares to Aldebaran shareholders upon Centauri's go-public event in 2026.

Key Details

• Financing Structure:
  • Total capital raised: $5.69 million (rounded to $5.7 million).
  • Instrument: Non-brokered private seed financing.
  • Price per share: $0.50 CAD.
  • Shares issued: 11.38 million common shares to new investors.
  • Use of proceeds: Execute exploration programs and administrative preparations for an initial public offering (IPO) or go-public transaction in 2026.
• Transaction Terms (Spinout):
  • Centauri will acquire all shares of Aldebaran Argentina SA and Minera El Toro SA.
  • Aldebaran receives 40 million common shares of Centauri (78.1% ownership).
  • Seed investors hold the remaining balance.
  • Closing expected in Q4 2025, subject to conditions.
• Project Portfolio (Centauri Minerals):
  • Rio Grande (Salta): Most advanced project.
    • Indicated Resource: 71 million tonnes at 0.30% Cu, 0.36 g/t Au, 3.2 g/t Ag.
    • Inferred Resource: 41 million tonnes at 0.23% Cu, 0.28 g/t Au, 2.8 g/t Ag.
    • Porphyry Dikes Intercept: 257.2 metres at 0.53% Cu and 1.20 g/t Au.
    • Location: 9 km from Fortuna Mining Corp’s Lindero mine.
    • Status: Drilling last completed in 2012; NI 43-101 report updated in 2018.
  • Aguas Calientes (Jujuy):
    • Contains high-grade gold/silver surface boulders over a 6 km strike length.
    • 2019 drilling confirmed epithermal structures; drill permits active.
    • Source of boulders unidentified.
  • Greenfield Projects: El Camino (Salta), Oscara (Salta), La Frontera (Catamarca), and Catua (Jujuy).
• Governance & Management:
  • Board of Directors: Sam Leung (CEO), Mark Wayne (CFO/Director of Aldebaran), Javier Robeto (VP/Argentina Country Manager of Aldebaran).
  • Exploration Advisory Committee: Dr. Kevin B. Heather (CGO/Director of Aldebaran), John Black (CEO/Director of Aldebaran).
• Strategic Outlook:
  • Centauri aims to go public in 2026.
  • Aldebaran shareholders will receive Centauri shares upon the go-public event (either all at once or in stages).
  • Aldebaran may retain a minority interest in Centauri.

Notable Quotes

• "I am honoured and excited to lead the new Centauri Minerals with the support of the Aldebaran team. The outstanding investor interest for this venture has reinforced our plans to conduct modern exploration programs on this unique portfolio of dormant projects in a mining region of increasing global interest." — Sam Leung, CEO of Centauri
• "The completion of this oversubscribed private seed financing round allows us to get to work immediately, commencing exploration programs to evaluate and select new drill targets at Rio Grande and Aguas Calientes, solidifying our management team, and commercial preparations to become a public company in 2026." — Sam Leung, CEO of Centauri