The Pebble Project is seeking to develop a globally significant deposit of copper, gold and molybdenum into a modern mining operation. It is located on land that the State of Alaska secured during the Cook Inlet Land Exchange of 1974 -- a three way land swap involving the federal government, the state and the Cook Inlet Region Inc. (CIRI), an Alaska native regional corporation. The State of Alaska secured land including what is now Pebble, explicitly for its mineral potential.
The Pebble deposit is one of the greatest stores of mineral wealth ever discovered. The current resource estimate includes 5.94 billion tonnes in the measured and indicated category containing 55 billion lb copper, 67 million oz gold and 3.3 billion lb molybdenum; and 4.84 billion tonnes in the inferred category, containing 26 billion lb copper, 40 million oz gold and 2.3 billion lb molybdenum(1)
. Quantities of silver, palladium and rhenium also occur in the deposit.
The Pebble Project is on a path to development. Key project strengths include:
(1) 2010 Pebble mineral resource estimate
- a mineral resource with the tonnes, grade, metallurgy and geometry to potentially support a modern, long-life mine;
- one of the most extensive environmental databases ever assembled for a resource development project in America;
- advanced engineering design for mine site facilities and project infrastructure on favourable terrain with low elevation;
- readiness to initiate federal and state permitting under the National Environmental Policy Act (NEPA);
li> a stable and predictable regulatory environment in Alaska and the US;
- broad public support for responsible resource development in Alaska.