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Northern Dynasty

Northern Dynasty Minerals Ltd.

Northern Dynasty holds via its subsidiaries, a 100% interest in mineral claims on State land in southwest Alaska, USA. Northern Dynasty's principal asset is the Pebble Project, an initiative to develop one of the world's most important mineral resources.

Current mineral resources in the Pebble deposit at a 0.30% copper equivalent (CuEQ) comprise:
  • 6.44 billion tonnes of Measured and Indicated Mineral Resources grading 0.40% copper, 0.34 g/t gold and 240 ppm molybdenum and 1.66 g/t silver, containing 57 billion pounds of copper, 70 million ounces of gold, 3.4 billion pounds of molybdenum and 344 million ounces of silver; and
  • 4.46 billion tonnes of Inferred Mineral Resources grading 0.25% copper, 0.26 g/t gold and 222 ppm molybdenum and 1.19 g/t silver, containing 24.5 billion pounds of copper, 37 million ounces of gold, 2.2 billion pounds of molybdenum and 170 million ounces of silver.

A 2013 study authored by IHS Global Insight found the Pebble Project has the potential to support 15,000 American jobs and contribute more than $2.5 billion annually to US GDP over decades of production.

Northern Dynasty's focus in 2015 is to address the US EPA's pre-emptive regulatory process under Section 404(c) of the Clean Water Act to ensure the Pebble Project can advance into federal and state permitting unencumbered by any extraordinary development restrictions, while pursuing a new strategic partnership(s) to finance, construct and operate a world-class mine at Pebble. Relationships with government, business, Native, community and other stakeholder groups will be maintained and enhanced, while Northern Dynasty continues efforts to define the best development plan for Pebble from an economic, social and environmental perspective.

Northern Dynasty is publicly traded on the Toronto Stock Exchange (TSX) under the symbol NDM and on the NYSE Market Exchange (NYSE MKT) under symbol NAK.

12014 estimate by David Gaunt, P.Geo., a Qualified Person who is not independent of Northern Dynasty. CuEQ uses metal prices of $1.85/lb for Cu, $902/oz for Au and $12.50/lb for Mo and recoveries of 85% for Cu, 69.6% for Au, and 77.8% for Mo (west zone), 89.3% for Cu, 76.8% for Au, 83.7% for Mo (east zone). Contained metals are based on 100% recoveries.



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Related News

April 08, 2016:
Northern Dynasty Sets Annual Meeting of Shareholders and Provides Update on Its Annual Filings
Learn more

February 26, 2016:
Northern Dynasty Announces Filing of Preliminary Base Shelf Prospectus
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February 25, 2016:
Northern Dynasty Announces Board Restructuring
Learn more

Hunter Dickinson