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
