The Pebble Project is located approximately 200 miles southwest of Anchorage in the Bristol Bay region. The deposit lies entirely within the Lake and Peninsula Borough, approximately 23,782 square miles of land which is home to some 1,500 people in 18 communities.
The area around Pebble was secured by the State of Alaska 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.
Surrounding terrain is characterized by tundra, gently rolling hills and the absence of permafrost. At just 1,000-feet above sea-level and 65 miles from tidewater on Cook Inlet by air, the project setting presents few obstacles to successful mine and infrastructure development.
Alaska is known around the world for its rigorous environmental standards, as well as its healthy fish and wildlife populations. The state currently has five hard rock mines with exemplary performance records and five major development projects, including Pebble.
While enforcing high standards, regulatory oversight in Alaska is also intrinsically stable and predictable. Alaskans strongly support responsible resource development, and have clearly indicated their support for the state's permitting system as the appropriate venue for evaluating projects like Pebble.
Northern Dynasty is confident that Pebble can be developed in an environmentally sound and socially responsible manner, consistent with Alaska and US standards.
404 Wetlands Permit application receipted and Pebble EIS triggered
Pebble Project reaches one millionth foot of drilling, exemplifying the scope and scale of the comprehensive technical and scientific work programs
Northern Dynasty publishes positive Preliminary Assessment Technical Report indicating Pebble has the potential to become one of the most important metal producers of the 21st century
Estimated mineral resource up by over 1000% since 2001
The Pebble Fund is established as a five-year, $5 million commitment to support community-led initiatives that enhance the health of Bristol Bay fisheries and contribute to a sustainable economic future in southwest Alaska
Updated resource estimate confirms Pebble as one of the world's most important copper-gold-molybdenum deposits
Northern Dynasty and Anglo American enter into a 50:50 partnership to develop a modern, long-life mine at Pebble
Anglo commits to $1.5 billion all or nothing to earn its 50% share in Pebble Partnership
Drilling at Pebble East continues to expand high-grade porphyry discovery
Estimated mineral resource up by 600% since 2001
Northern Dynasty acquires 100% of the Pebble deposit
Northern Dynasty discovers Pebble East, a significantly higher-grade zone of mineralization
2001 - 2004
Northern Dynasty expands the known mineral resource at Pebble from 1 billion to more than 4 billion tonnes – a 400% increase; initiates planning for a large-scale, open pit mine and comprehensive engineering, environmental and socio-economic studies
Northern Dynasty secures agreements to purchase Pebble property
1988 - 1997
Cominco (now Teck) explores the property
Cominco discovers several zones of mineralization on the Pebble property and in 1989 discovers the Pebble deposit; drilling and initial engineering and environmental studies completed over next over several years
(1) The IHS Global report is based on a conceptual mine plan using an iteration of the engineering work undertaken by the Pebble Partnership in 2013 and is the only economic impact study available at this time. The IHS report is intended to provide information about general economic effects/contribution of a development at Pebble to Alaska and the United States. The report should not be used to evaluate the Pebble Project’s impact on Northern Dynasty.
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This video includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in its forward-looking statements are based on reasonable assumptions, such statements should not be in any way construed as guarantees of the ultimate size, quality or commercial feasibility of the Pebble Project, that the Pebble Project will secure all required government permits, or of the Company's future performance.
Mineral Resources: Current estimate of the Pebble deposit1 at a 0.3% CuEQ cutoff is:
6.5 billion tonnes in the combined Measured and Indicated categories at a grade of 0.40% copper, 0.34 g/t gold, 240 ppm molybdenum and 1.7 g/t silver, containing 57 billion pounds of copper, 71 million ounces of gold, 3.4 billion pounds of molybdenum and 345 million ounces of silver; and
4.5 billion tonnes in the Inferred category at a grade of 0.25% copper, 0.25 g/t gold, 226 ppm molybdenum and 1.2 g/t silver, containing 25 billion pounds of copper, 36 million ounces of gold, 2.2 billion pounds of molybdenum and 170 million ounces of silver.
In December 2017, Northern Dynasty Minerals Ltd (“NDM”) submitted a 404 permitting application with a Project Description for a smaller footprint 20-year mine plan for the Pebble Project, which uses a portion of the above resource; this does not preclude further development at a later date which would require application for additional permits2.
Potential Economic Benefits: Initial estimates of some of the benefits under the current development plan3 for the Pebble deposit are provided on the Economic Benefits page on this website.
This video should not be used as the basis of any investment decision.