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Northern Dynasty Minerals Ltd. (NDM:CA)
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Web site:
http://www.northerndynastyminerals.com/
Since acquiring the Pebble Project in 2001, Northern Dynasty has delineated and advanced one of the world's greatest stores of mineral wealth - expanding known mineral resources by more than 1000%.
Located on American soil in southwest Alaska, Pebble is remarkable for both its size and composition. Today, the Pebble deposit contains an estimated total resource of 5.1 billion tonnes measured and indicated comprising 55 billion lb copper, 67 million oz gold and 3.3 billion lb molybdenum, and 4.84 billion tonnes inferred, containing 26 billion lb copper, 40 million oz gold and 2.3 billion lb molybdenum. Quantities of silver, palladium and rhenium also occur in the deposit.
In 2007, a wholly-owned affiliate of Northern Dynasty entered a 50:50 partnership with a wholly-owned subsidiary of Anglo American plc to permit, construct and operate a modern, long-life mine at Pebble. Based on Anglo American's staged investment of US$1.425 to $1.5 billion, both companies share equal ownership, board representation and rights in the Alaska-based Pebble Limited Partnership.
Under the leadership of the Pebble Partnership, the Pebble Project is on a path to development. Key project strengths include:
- a known mineral resource with the tonnes, grade, metallurgy and geometry to support a modern, long-life mine;
- favorable terrain - low elevation;
- a stable and predictable regulatory environment;
- ready human and financial resources; and,
- broad public support for responsible resource development in Alaska.
Links:
NDM:CA
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