July 29, 2010

The Pebble Partnership is currently working towards timely completion of a Prefeasibility Study, after which time project permitting will begin under the National Environmental Policy Act (NEPA).

Following a 2-3 year permitting window, Pebble is expected to finalize a Feasibility Study then, subject to successfully obtaining permits, will begin project construction.

Through the end of 2009, Northern Dynasty and the Pebble Partnership have invested some US$430 million in the Pebble Project. Advances include:
  • delineation of a mineral resource totaling 5.94 billion tonnes measured and indicated and 4.84 billion tonnes inferred (view resource estimate table);
  • approximately $130 million and six years of environmental and socioeconomic studies to support project design and permitting;
  • advanced engineering design for mine site facilities and project infrastructure;
  • investments in workforce and business development, stakeholder consultation and community investment.

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