Northern Dynasty Files Updated Preliminary Economic Assessment of Pebble: The Project Maintains Strong Economic Fundamentals With Latest Royalty Financing

About this update from Northern Dynasty Minerals Ltd.

[{"type":"text","content":"Northern Dynasty Files Updated Preliminary Economic Assessment of Pebble: The Project Maintains Strong Economic Fundamentals With Latest Royalty FinancingVANCOUVER, BC / ACCESSWIRE / November 14, 2022 / Northern Dynasty Minerals Ltd. (TSX:NDM)(NYSE American:NAK) (\"Northern Dynasty\" or the \"Company\" or \"NDM\") advises that it has filed on www.sedar.com an updated Preliminary Economic Assessment (the \"2022 PEA\") for the proposed Pebble Project in Southwest Alaska (the \"Proposed Project\"). The 2022 PEA updates the Company's September 2021 PEA to evaluate the impact of the recently announced royalty financing (see July 27, 2022 news release). The 2022 PEA updates the 2021 PEA to examine both the impact from the $12 million tranche of the previously completed royalty investment and the potential impact of a $60 million royalty investment if all five tranches are fully committed. The 2022 PEA highlights that the Pebble Project remains very robust and, although the Company believes the royalty has the potential to be very valuable, it has minimal impact on the forecasted economics of the project while strengthening the Company's balance sheet position.The forecast financial results of the Proposed Project with no royalty (as presented in the 2021 PEA) and with the royalty (as presented in the 2022 PEA) are tabulated below. All currency references are in U.S. dollars.Comparison of key projected results for Proposed Project Base Case(20 year life, per Proposed Project submitted to the NEPA process)1,2Description Units LOM ValuesNo Royalty4 LOM ValuesL/T Prices, 2% Gold / 6% Silver Royalty LOM ValuesL/T Prices, 10% Gold / 30% Silver RoyaltyFinancial Summary Mining Taxes & Government Royalties US$ M $1,479 $1,467 $1,420Corporate Income Tax US$ M $2,125 $2,098 $1,988Post-Tax Undiscounted Cash Flow US$ M $8,224 $8,131 $7,759Post-tax NPV at 7%3 US$ M $2,281 $2,245 $2,097Post-Tax IRR % 15.7 15.6 15.1%Post-Tax Payback Period years 4.8 4.8 4.9The Proposed Project is as the project is described in the Pebble Project permit applications and its amendments. NEPA is the National Environmental Policy Act.1 Case shown includes major infrastructure (access road, port, power) provided by third parties under lease agreement2 Long-term metal prices: copper $3.50/lb; gold $1,600/oz; molybdenum $10/lb; silver $22/oz; rhenium $1,500/kg3 Net Pres...

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