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Northern Dynasty Issues Technical Report: Southwest Alaska's Pebble Project Hosts the World's Most Significant Rhenium Resource
VANCOUVER / ACCESSWIRE / October 2, 2020 / Northern Dynasty Minerals Ltd. (TSX:NDM)(NYSE Ame...
About this update from Northern Dynasty Minerals Ltd.
[{"type":"text","content":"Northern Dynasty Issues Technical Report: Southwest Alaska’s Pebble Project Hosts the World’s Most Significant Rhenium ResourceVANCOUVER / ACCESSWIRE / October 2, 2020 / Northern Dynasty Minerals Ltd. (TSX:NDM)(NYSE American:NAK) (\"Northern Dynasty\" or the \"Company\") has issued a Technical Report on Alaska's Pebble Project, including a revised mineral resource estimate announced in August (see Northern Dynasty August 20, 2020 news release) that establishes Pebble as the single most significant source of Rhenium in the world.The ‘2020 Technical Report on the Pebble Project, Southwest Alaska, USA' dated September 30, 2020 can be accessed on www.sedar.com. According to the updated mineral resource estimate, at a 0.30% copper-equivalent cutoff,[1] the Pebble deposit contains:2.6 million kg of Rhenium, 57 billion pounds of copper, 71 million ounces of gold, 3.4 billion pounds of molybdenum and 345 million ounces of silver within the 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, 1.7 g/t silver and 0.41 ppm rhenium; and1.6 million kg of Rhenium, 25 billion pounds of copper, 36 million ounces of gold, 2.2 billion pounds of molybdenum and 170 million ounces of silver within the 4.5 billion tonnes in the Inferred category at a grade of 0.25% copper, 0.25 g/t gold, 226 ppm molybdenum, 1.2 g/t silver and 0.36 ppm rhenium.After Pebble, the most significant deposits of Rhenium in the world exist at copper porphyry mines in Chile, including Chuquicamata (3.8 million kg) and El Teniente (2.76 million kg).[2]Rhenium is considered a strategic metal by US Congress, the US Geological Survey, the US Department of Interior and the US military due to its primary use as an alloying metal in jet engine turbine blades, combustion chambers and exhaust nozzles - applications that rely on the metal's ductility and high melting point. Jet engine and related military applications account for ~80% of annual US Rhenium consumption, in addition to industrial applications that employ Rhenium as a catalyst - including for the production of high octane, lead-free gasoline.Last year, the US imported 39,000 kg of Rhenium from foreign producers, while producing just 8,400 kg at six domestic mining operations. The addition of Pebble's future Rhenium production...