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Northern Dynasty: Preliminary Economic Assessment for Alaska's Pebble Project Presents Robust Projected Financial Results and Globally Significant Potential Metal Production With Excellent Optionality
Study evaluates the Proposed Project and three Expansion Scenarios for the Pebble copper-go...
About this update from Northern Dynasty Minerals Ltd.
[{"type":"text","content":"Northern Dynasty: Preliminary Economic Assessment for Alaska’s Pebble Project Presents Robust Projected Financial Results and Globally Significant Potential Metal Production With Excellent OptionalityStudy evaluates the Proposed Project and three Expansion Scenarios for the Pebble copper-gold-molybdenum-silver-rhenium project [1] All alternatives are extensions of the Proposed Project reviewed by U.S. Army Corps of EngineersInnovative engineering design and environmental safeguards set new standard for American miningVANCOUVER, BC / ACCESSWIRE / September 9, 2021 / Northern Dynasty Minerals Ltd. (TSX:NDM)(NYSE American:NAK) (\"Northern Dynasty\" or the \"Company\") is pleased to announce the results of a 2021 Preliminary Economic Assessment (\"2021 PEA\") providing updated production, financial and cost estimates for its proposed Pebble Project (the \"Proposed Project\") in Southwest Alaska as described in the Pebble Project permit application and its amendments, which recently underwent a comprehensive review by the U.S. Army Corps of Engineers (\"USACE\") culminating in their publishing of a Final Environmental Impact Statement (\"EIS\"). In addition to the Proposed Project, the 2021 PEA examines three potential mine expansion scenarios, and potential alternative strategies for gold recovery that could form the basis for future permit applications and review. U.S. dollars and U.S. standard units are used unless otherwise indicated. All results are post-tax.The currently proposed project detailed in the 2021 PEA is the Proposed Project, and is consistent with the Project Description in the Pebble EIS, published by the USACE in July 2020. It does not include an onsite gold plant. With the exception of the Proposed Project, all development alternatives evaluated in the 2021 PEA are presented to demonstrate the optionality inherent in the polymetallic Pebble deposit by presenting a broad range of potential pathways for future mine development. The 2021 PEA also models other options for potential development in the future, to show how the project life could be extended and metal production enhanced through an expansion at different points in time or via alternative treatment scenarios. Neither Northern Dynasty nor the Pebble Partnership has proposed or intends to propose any of these development alternatives in the near-term...