September 25, 2018 at 5:00 PM (MDT)|Broadmoor Hotel & Resort
CEO
Mr. Thiessen is an accredited public accountant with more than 25 years of corporate development experience, is President and CEO of Northern Dynasty and a Director of the Pebble Limited Partnership. Mr. Thiessen leads Northern Dynasty’s corporate development and financing activities and is President and CEO of Hunter Dickinson Inc.
SAFE HARBOR STATEMENT
This presentation includes "forward-looking statements". All statements in this presentation, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that Northern Dynasty Minerals Ltd. (“NDMâ€) expects are forward-looking statements. Although NDM believes the expectations expressed in its forward-looking statements are based on reasonable assumptions, such statements should not be in any way construed as guarantees of the
ultimate size, quality or commercial feasibility of the Pebble Project or of NDM's future performance or the outcome of litigation. Assumptions used by NDM to develop forward-looking statements include the following: the Pebble Project will obtain all required environmental and other permits and all land use and other licenses, studies and development of the Pebble Project will continue to be positive, and no geological or technical problems will occur. The likelihood of future mining at the Pebble Project is subject to a large number of risks and will require achievement of a number of technical, economic and legal objectives, including obtaining necessary mining and construction permits, approvals, licenses and title on a timely basis and delays due to third party opposition, changes in government policies regarding mining and natural
resource exploration and exploitation, the final outcome of any litigation, completion of pre-feasibility and final feasibility studies, preparation of all necessary engineering for surface or underground mining and processing facilities as well as receipt of significant additional financing to fund these objectives as well as funding mine construction. Such funding may not be available to NDM on acceptable terms or on any terms at all. There is no known ore at the Pebble Project and there is no assurance that the mineralization at the Pebble Project will ever be classified as ore. The need for compliance with extensive environmental and socio-economic rules and practices and the requirement for NDM to obtain government permitting can cause a delay or even abandonment of a mineral project. NDM is also subject to the specific risks inherent in the mining business as well as general economic and business conditions. For more information, Investors should review NDM's filings with the US Securities and Exchange Commission at www.edgar.com and its home jurisdiction filings available at www.sedar.com.
This presentation also uses the terms “measured resourcesâ€, "indicated resources" and "inferred resources". Although these terms are recognized and required by Canadian regulations (under National Instrument 43-101 Standards of Disclosure for Mineral Projects), the U.S. Securities and Exchange Commission does not recognize them. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. In addition, "inferred resources" have a great amount of uncertainty as to their existence, and economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies, or
economic studies except for a Preliminary Economic Assessment as defined under NI 43-101. Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable.
A major part of the 2007-2013 expenditures were on exploration, resource estimation, environmental data collection and technical studies, with a significant portion spent on engineering of possible mine development models, and related infrastructure, power and transportation systems. The mine-site and infrastructure studies completed are not necessarily representative of management’s current understanding of the most likely development scenario for the Project and, accordingly, NDM is uncertain whether it can realize significant value from this prior work. Environmental baseline studies and data and geological and exploration information from the period remain important information to advance the Project.
In January 2018, the US Army Corps Of Engineers confirmed that Pebble’s 404 permitting application was complete and that an Environmental Impact Statement (“EISâ€) is required to comply with its National Environmental Policy Act (“NEPAâ€) review of the Pebble Project. As the NEPA EIS process requires a comprehensive “alternatives assessment†be undertaken to consider a broad range of development alternatives, the final project design and operating parameters for the Pebble Project and associated
infrastructure may vary significantly from that set out in the following. As a result, we will continue to consider various development options and no final project design has been selected at this time. As this process evolves, there may be temporary differences in what is shown in our disclosure and what is on the USACE website. Information about general economic effects/contribution of a development at Pebble to Alaska and the Lake and Borough Peninsula region should not be used to evaluate the Pebble Project’s impact on Northern Dynasty.
NOTICE
The Denver Gold Group does not make any express or implied condition, representation, warranty or other term as to the accuracy, validity, reliability, timeliness or completeness of any information or materials in general or in connection with any particular use or purpose presented at the Gold Forum. Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use.
The Denver Gold Group does not represent or endorse the accuracy or reliability of any third party advice, opinion, statement, information or materials received during the Gold Forum.
INVESTMENT ADVICE - NO OFFER OR RECOMMENDATION
The Gold Forum and the information and materials presented at the Gold Forum do not, and shall not be construed as, making any recommendation or providing any investment or other advice with respect to the purchase, sale or other disposition of any regulated gold related products or any other regulated products, securities or investments, including, without limitation, any advice to the effect that any gold related transaction is appropriate or suitable for any investment objective or financial situation of a prospective investor. A decision to invest in any regulated gold related products or any other regulated products, securities or investments should not be made in reliance on any of the information or materials presented or obtained during the Gold Forum. Before making any investment decision, prospective investors should seek advice from their financial, legal, tax and accounting advisers, take into account their individual financial needs and circumstances and carefully consider the risks associated with such investment decision.
