Altar Project: Aldebaran reports that Nuton Will Make Second Payment in Option Agreement

1 min min reading
Altar Project: Aldebaran reports that Nuton Will Make Second Payment in Option Agreement
Altar Project: Aldebaran reports that Nuton Will Make Second Payment in Option Agreement
Share:

On December 23, Aldebaran Resources Inc. announced that Nuton Holdings Ltd., a Rio Tinto venture, has confirmed it will make the second payment (US$20 Million) pursuant to the Option to Joint Venture Agreement with Aldebaran announced on November 7, 2024. Aldebaran anticipates receiving the payment in early January 2025.



By Panorama Minero

Transaction Details

Aldebaran entered into an Option to Joint Venture Agreement with Nuton, whereby Nuton has the exclusive right to acquire a 20% interest in the Altar project (Cu-Au project located in San Juan province) by making the following payments:

• US$10 Million upon signing (paid)


• US$20 Million upon delivery of an updated mineral resource estimate (payment confirmed)


• US$30 Million upon delivery of a Preliminary Economic Assessment


o PEA expected to be completed in Q2-2025


• US$190 Million upon delivery of a Pre-Feasibility Study


o PFS expected to be completed in H2-2026

Published by: Panorama Minero

Category: News

Illustrative image for the news: “We see an opportunity driven by the growth of the mining sector” | Panorama Minero

“We see an opportunity driven by the growth of the mining sector”

With extensive operations in Mexico and the United States, Grupo México Transportes outlines how technological evolution, artificial intelligence, and logistical integration are redefining freight rail transport. In conversation with Panorama Minero, its CEO, Bernardo Ayala, explains the scope of these innovations and their potential in Argentina.

Read more

Join our mining community!


Subscribe to our newsletter for exclusive news, insights, and updates on the mining industry and Panorama Minero's latest initiatives.

Illustrative image for the news: Epiroc Accelerates the Transition Toward Smart Mining in the Southern Cone | Panorama Minero

Driven by automation, digitalization and electrification, mining in the Southern Cone is entering a new stage of modernization. Epiroc presented its regional roadmap, highlighting how interoperability, agnostic solutions and people-centered support will be key to accelerating the transition toward more efficient, safe and competitive operations.

Illustrative image for the news: Two Decades of the Country’s Largest Gold-Exporting Operation | Panorama Minero

Celebrating 20 years of uninterrupted production, Veladero stands as a cornerstone of San Juan’s economy and one of Argentina’s most significant mining operations. During Argentina Gold, Silver and Copper 2025, its General Manager reflected on the milestones achieved, the challenges of operating in the Andes, and the long-term commitments guiding the project’s next stage.

Illustrative image for the news: Uranium Gains Appeal Amid the Global Energy Transition | Panorama Minero

In a global context that increasingly demands safe and sustainable energy sources, uranium is once again emerging as a strategic resource. Experts from the nuclear energy sector analyzed its role in the energy transition and emphasized the need to revive domestic production to reduce external dependence.

Illustrative image for the news: “We see an opportunity driven by the growth of the mining sector” | Panorama Minero

With extensive operations in Mexico and the United States, Grupo México Transportes outlines how technological evolution, artificial intelligence, and logistical integration are redefining freight rail transport. In conversation with Panorama Minero, its CEO, Bernardo Ayala, explains the scope of these innovations and their potential in Argentina.