VANCOUVER, March 13 /CNW/ - 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. That underlying value must be understood and appreciated at a
time when investors are flocking to gold as a safe haven and a hedge against
inflation."
Since acquiring mineral rights to Pebble back in 2001, Northern Dynasty
and subsequently the Pebble Partnership have expanded known mineral resources
by 900%.