February 25, 2010, Vancouver, BC Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE Amex: NAK) announces that the Pebble Limited Partnership (�PLP� or the �Pebble Partnership�) Board of Directors has approved program expenditures up to $72.9 million at the Pebble Project in 2010, with the goals of working towards finalizing a Prefeasibility Study (PFS) and preparing the Pebble Project for permitting in 2011.
"The Pebble Project in southwest Alaska is recognized as the most important undeveloped copper-gold-molybdenum deposit in the United States and among the most significant accumulations of metal ever discovered,� said Northern Dynasty President & CEO Ron Thiessen. �Not only does Pebble have the potential to be one of the great metal producers of the 21st century, it could also redress a growing gap between US domestic copper supply and demand while providing a new employment and economic engine for the State of Alaska.
It's a critically important project for the United States, and that's why the Pebble Partnership has been so methodical and deliberate about engineering the optimal project design to initiate permitting next year."
Between 2001 and 2007, Northern Dynasty invested some US$180 million to acquire and advance the Pebble Project, including vastly expanding known mineral resources and discovering high-grade mineralization in the eastern part of the deposit.
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