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Preliminary Economic Assessment for Northern Dynasty's Pebble Project Completed: Robust Projected Financial Results, Excellent Optionality and Important Benefits for Alaska
Evaluates a Proposed Project and three potential Expansion Scenarios for the Pebble copper-g...
About this update from Northern Dynasty Minerals Ltd.
[{"type":"text","content":"Preliminary Economic Assessment for Northern Dynasty's Pebble Project Completed: Robust Projected Financial Results, Excellent Optionality and Important Benefits for AlaskaEvaluates a Proposed Project and three potential Expansion Scenarios for the Pebble copper-gold-molybdenum-silver-rhenium projectProject is expected to add substantially to the Alaskan economy and provide the U.S. with an important supply of copper and other metals to help meet its low-carbon economy goals.Pebble Performance Dividend and Right of Way payments offer additional benefits to local residents and create economic diversification in the regionVANCOUVER, BC / ACCESSWIRE / October 25, 2021 / Northern Dynasty Minerals Ltd. (TSX:NDM; NYSE American:NAK) (\"Northern Dynasty\" or the \"Company\") announces, further to the Company's September 9, 2021 news release, that it has filed the \"Preliminary Economic Assessment NI 43-101 Technical Report, Pebble Project, Alaska, USA\" (\"2021 PEA\") at www.sedar.com. The technical report and an executive summary will also be posted on the Company's website at www.northerndynastyminerals.com. The PEA Technical Report will also be filed on EDGAR later this week. U.S. dollars and U.S. standard units are used unless otherwise indicated. All results are post-tax. Unless otherwise noted, all figures are based on forecast long-term metal prices.The 2021 PEA provides 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.Key Projected Results for Proposed Project[1]20 years of open pit mining with a processing rate of 180,000 tons per day (\"Tpd\")At forecast long-term[2] metal prices, Internal Rate of Return (\"IRR\") of 15.7% and Net Present Value at 7% discount rate (\"NPV7\")[3] of $2.3 billionAt prevailing[4] metal prices, IRR of 23.7% and NPV7 of $4.7 billionLife-of-mine (\"LOM\") metal production for this scenario: 6.4 billion lb copper; 7.4 million oz gold; 300 million lb molybdenum; 37 million oz silver; and 230,000 kg rheniumAverage annual metal production: 320 million lb copper; 368,000 oz gold; 15 million lb molybdenum; 1.8 million oz silver and 12,000 kg rheniumAverage co-product C1 Copper Cost of $1.65/lb CuEq and Gold Cash Cost of $753/oz AuEq; average by-product C1 Copper Co...