The Pebble deposit is located about 320 km southwest of and 27 km northwest of the village of Iliamna in Alaska (Fig. 1A). It is one of the largest porphyry deposits in terms of contained Cu (Fig. 2A) and it has the largest Au endowment of any porphyry deposit in the world (Fig. 2B). The deposit comprises the Pebble West and Pebble East zones that represent two coeval hydrothermal centers within a single system (Lang et al., 2013). Together the measured and indicated resources total 5,942 million metric tons (Mt) at 0.42% Cu, 0.35 g/t Au, and 250 ppm Mo with an inferred resource of 4,835 Mt at 0.24% Cu, 0.26 g/t Au, and 215 ppm Mo. In addition, the deposit contains significant concentrations of Ag, Pd, and Re (Northern Dynasty Minerals, 2011).