VANCOUVER, March 13 /PRNewswire-FirstCall/ - Northern Dynasty Minerals Ltd. ('Northern Dynasty' or the 'Company') (TSX: NDM; NYSE Alternext: NAK) announces that it has launched a new corporate website at www.northerndynasty.com to provide the investing public with detailed, up-to-date information on its business activities and core assets - in particular, its 50% interest in southwest Alaska's Pebble copper-gold-molybdenum project.
In July 2007, a wholly owned affiliate of Northern Dynasty and a wholly owned subsidiary of Anglo American plc established a 50:50 partnership to advance the Pebble Project toward permitting and operations. With the Pebble Limited Partnership ('PLP' or the 'Pebble Partnership') now in place in Anchorage, Alaska and Anglo American required to invest $1.425 billion to retain its 50% interest, Northern Dynasty is increasing its efforts to ensure that financial markets reflect the full value of the Company's assets.
'We've made tremendous progress with our partners over the past 18 months in establishing senior project leadership in Alaska and driving Pebble toward the completion of a Prefeasibility Study,' said Northern Dynasty Minerals Limited President & CEO Ron Thiessen. 'Now we have to make sure that the investment and financial community appreciates where the project stands, and the value that Northern Dynasty can generate from one of the world's most important copper and gold developments.'
The new Northern Dynasty website presents extensive information on the Pebble deposit, including mineral resource models and geological exploration activities, as well as project engineering and permitting updates. Corporate information on Northern Dynasty and its development partners is also provided.
Thiessen said the website is part of a broader initiative to communicate Northern Dynasty's unique value to investors. 'For example, Pebble is generally understood to be a copper project,' he said, 'and with an estimated 72 billion lb of copper, that understanding is fundamentally correct. But the significance of the mineral co-products at Pebble may not be so well understood.
'This is a deposit that contains an estimated 94 million oz of gold, making it one of the most significant accumulations of both copper and gold ever discovered.