Morning Briefing: Aldebaran Resources Publish PEA for the Altar Project
Good morning and welcome back to the Mining Stock Daily morning briefing.
It's Thursday, October 30th.
Gold is attempting to find a floor from its correction around the $4,000 an ounce mark this week. The front month contract is currently sitting at $3,990 at time of recording. Silver remains is also in a consolidation move around $48/oz and has been most of the week after dip buying came in on Tuesday. Yesterday, the FOMC decided to cut rates another quarter point but left a December cut open-ended. Fed Chair Jerome Powell stated that the ongoing government shutdown has clearly clouded the Fed’s view, with limited access to official government data.
We’ll get to the news from the miners and explorers here in a moment, but first a quick word about today’s sponsor.
This episode of Mining Stock Daily is brought to you by… Vizsla Silver
Vizsla Silver is focused on becoming one of the world’s largest single-asset silver producers through the exploration and development of the 100% owned Panuco-Copala silver-gold district in Sinaloa, Mexico. The company consolidated this historic district in 2019 and has now completed over 375,000 meters of drilling. The company has the world's largest, undeveloped high-grade silver resource. Learn more at https://vizslasilvercorp.com/
And here’s what you need to know this morning…..
Aldebaran Resources have released the Preliminary Economic Assessment for the Altar copper-gold project in San Juan, Argentina. The base case scenario utilizes a 60,000 tonnes per day (“tpd”) concentrator, processing mineralized material from both open pit and underground source with a $4.35/lb Cu, $2,500/oz Au, and $27/oz Ag price. This results in a mine life of 48 years with an average annual production of 102,742 CuEq tonnes for LOM. The base case also provides Altar with economics of an after-tax NPV of $2B and an IRR of $20.5%. Initial capex for Altar of estimated to come in just below $1.6B. Upfront capital is minimized by taking a staged approach to the tailings storage facility and underground construction. You may be wondering about the use of Nuton in this PEA. The Nuton case shows higher initial capital requirements due to the need for more infrastructure from the start-up (e.g. full-sized ponds) compared to a TSF. However, LOM capex in the Nuton Case is lower, as TSF requires higher sustaining capex to reach final capacity. Additionally, at this time, precious metals such as gold and silver cannot be recovered with Nuton® Technology, whereas they are recovered in the Base Case. Timing of capital and revenue from copper equivalent reduces the NPV for the Nuton Case, but lower total capital and lower operating C1 and AISC costs allow for a higher Free Cash Flow in the Nuton Case. (TSX-V: ALDE, OTCQX: ADBRF) News Release
Brixton Metals has made a new copper-gold porphyry discovery at the Catalyst target within the Thorn Project in British Columbia. Five holes were drilled at Catalyst during the 2025 season. Assays from the first three holes reported herein confirm a broad hydrothermal system with porphyry-style alteration and veining. Results included 16.5m of 1.05% CuEq, 98.5m of 0.50% CuEq and 26.00m of 0.50% CuEq all within 424m of 0.30% CuEq. Results from two remaining holes at Catalyst and one at the Tempest Target are pending. (TSX-V: BBB, OTCQB: BBBXF) News Release
Talisker Resources have signed a binding terms for an Ore Purchase Agreement with Ocean Partners for up to 1,500 tonnes per day and a US$25M revolving credit facility. The facility will be used for development and working capital for the Bralorne Gold Project as required. The Agreements will be for a seven-year period from the signing of the definitive agreements and will be renewable by mutual consent. Talisker will continue to process material at Nicola Mining Inc.’s (“Nicola”) Merrit facility for the remainder of the current 12-month agreement which expires in May 2026. (TSX: TSK, OTCQX: TSKFF) News Release
Meridian Mining announced CONSEMA, the Environmental Council for the State of Mato Grosso, met in Cuiaba on October 29, 2025, and unanimously approved the Cabaçal Au-Cu-Ag project's ("Cabaçal") Preliminary License. The Preliminary License (PL) is the first and most significant of the three permitting stages needed for the development of Cabaçal. The next step is the Installation License granting. This would allow for the commencement of Cabaçal's beneficiation plant & structures construction activities and is the trigger for a Final Investment Decision. (TSX: MNO) (FSE: N2E) (OTCQX: MRRDF) News Release
New Found Gold announced new drill results from the AFZ Peripheral on the Queensway Gold Project. Results from the Dropkick Zone returned 29.2 g/t Au over 9.25m and 20.9 g/t over 11.1. Dropkick is open along strike and at depth and additional drilling is planned to continue to test the extent and tenor of this high-grade zone. At the Blue Jay zone, drilling returned 84.4 g/t Au over 2m and 2.94 g/t over 16m. The 70,000 m 2025 Queensway drill program commenced in May 2025, with approximately 80% of the drilling focused on the AFZ Core area and the remaining 20% focused on exploration targets outside the MRE area. (TSXV: NFG) (NYSE American: NFGC) News Release
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That’s it for today everyone. Have a great day. Stay safe.
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