Novagold Resources Inc. · AMEX:NG
Novagold Resources — Swiss Mining Institute Forum 2021
28 slides from Novagold Resources's conference presentation, Nov 2, 2021
Slide 1: Swiss Mining Institute Forum
Swiss Mining Institute Forum TSX, NYSE American: NG | novagold.com | November 2-4, 2021
Slide 2: Cautionary Statements
Cautionary Statements REGARDING FORWARD-LOOKING STATEMENTS This presentation includes certain “forward-looking information” and “forward-looking statements” (collectively “forward-looking statements”) within the meaning of applicable securities legislation, including the United States Private Securi
Slide 3: Donlin Gold is a Tier-One Asset in a Tier-One Jurisdiction
NOVAGOLD: Donlin Gold is a Tier-One Asset1 in a Tier-One Jurisdiction2 Unique asset with strong, investor-friendly attributes SIZE: 39,000,000 gold ounces contained in measured and indicated mineral resources3 GRADE: 2.24 g/t4, more than double the world average grade5 EXPLORATION POTENTIAL: Endowme
Slide 4: NOVAGOLD: Promises Kept, Excellent Partnerships
NOVAGOLD: Promises Kept, Excellent Partnerships Track record of successfully translating company goals into shareholder value Successful strategic focus that led to becoming a pure gold play • Spin-out of 100%-owned Ambler project in 2012 to form NovaCopper (now Trilogy Metals1 – C$320M2 market cap)
Slide 5: Board Approves Additional 2021 Funding In Preparation for New Feasibility Study
DONLIN GOLD: Board Approves Additional 2021 Funding In Preparation for New Feasibility Study 2021 Drill Program results to date support geological modeling concepts • In early September 2021, senior leadership of Barrick and NOVAGOLD took part in very productive meetings in Anchorage and at the Donl
Slide 6: Government Affairs
DONLIN GOLD: Government Affairs Decades of experience that includes bipartisan engagement with Congress and different Administrations • Calista Corporation has led efforts in outreach to senior Biden Administration officials regarding the Donlin Gold project’s unique value proposition of being a ric
Slide 7: COVID-19 Protocol Incorporates Increased Vigilance
DONLIN GOLD: COVID-19 Protocol Incorporates Increased Vigilance Focusing on health and safety at both worksites and home In August, Donlin Gold enhanced its Community and Workforce Protection Plan to ensure the safety and well-being of its workforce, their families, and local communities for the 202
Slide 8: Barrick and NOVAGOLD Optimizing Mine Design at Donlin Gold
Barrick and NOVAGOLD Optimizing Mine Design at Donlin Gold “The 2021 drill program is validating our geologic modeling concepts; in particular with regards to demonstrating the controls over mineralization in the different parts of the deposits. This improved understanding is a necessary step toward
Slide 9: 2021 Drill Program
DONLIN GOLD: 2021 Drill Program Results from initial 2021 assays validate consistent approach to bringing Donlin Gold up the value chain • Initial results reported September 2, 2021 support mineral resources, with significant new high-grade intercepts, and are consistent with 2020 results • Assays d
Slide 10: 2021 Drill Program: ACMA and Lewis Deposits
DONLIN GOLD: 2021 Drill Program The ACMA and Lewis deposits are open at depth and along strike, where drilling is sparse Longitudinal Section View of the ACMA and Lewis Deposits A’ A’ A Lewis Pit ACMA Pit Lewis Pit ACMA Pit A Divide Area Pit design is the Mineral Reserve pit from the 2021 Technical
Slide 11: Permitting Update
DONLIN GOLD: Permitting Update Key federal permits for the project received and state permitting is well advanced FEDERAL PERMITTING Final Environmental Impact Statement (EIS) Joint Record of Decision (ROD) by the Army Corps of Engineers and Bureau of Land Management Section 10/404 (wetlands)
Slide 12: Community Engagement
DONLIN GOLD: Community Engagement Building upon long-term relationships throughout the Y-K region Donlin Gold Shared Value Statements • Finalized a Shared Value Statement with Upper Kalskag for a total of eight Shared Value Statements in the Y-K region (Akiak, Sleetmute, Napaimute, Crooked Creek, Na
Slide 13: A True 50:50 Partnership with Barrick Gold
DONLIN GOLD: A True 50:50 Partnership with Barrick Gold Taking the Donlin Gold project up the value chain together since 2001 How does the Donlin Gold LLC partnership work? Donlin has been a great journey for me personally, because the whole • Donlin Gold LLC is owned 50:50 by Barrick Gold and NOVAG
Slide 14: Alaska Native Corporation Partnerships Elevate the Project
DONLIN GOLD: Alaska Native Corporation Partnerships Elevate the Project Land valuable for resource potential was selected by regional Alaska Native Corporations under ANCSA and resource development companies were invited by the Native Corporations to explore Donlin Gold has Life-of-Mine agreements w
Slide 15: NOVAGOLD: 2020 Sustainability Performance
NOVAGOLD: 2020 Sustainability Performance Community engagement 2020: 320 community interactions Through collaborative ESG efforts, Governance engagement 2020: reached out to ~92% shareholders NOVAGOLD and the Donlin Gold project are committed to responsible mining — positively impacting people and t
Slide 16: Largest Gold Development Project in its Category
DONLIN GOLD: Largest Gold Development Project in its Category1 A resource more than five times the size of the peer group average 50.0 39.02 7.7 40.0 Donlin Gold2 Moz 39.0 M&I Gold Resource (millions of ounces) 30.0 Moz peer group average1 20.0 11.7 11.5 11.3 10.9 10.0 10.0 8.2 8.1 8.0 6.3 5.0 4.6 4
Slide 17: Double the Global Average Gold Grade
DONLIN GOLD: Double the Global Average Gold Grade1 Among the world’s highest-grade known open-pit gold deposits 2.24 1.12 g/t g/t Donlin Gold average grade2 Global average grade1 While global average gold grades are declining, Donlin Gold’s grade provides resilience through commodity price cycles 1)
Slide 18: Positioned to be One of the World's Largest Gold Mines
DONLIN GOLD: Positioned to be One of the World’s Largest Gold Mines Positioned to become a million-ounce gold producer1 1.1 1.80 1.60 Moz/yr1 1.40 0.3 Projected Annual Gold Production (millions of ounces) 1.502 1.20 Moz/yr3 1.00 0.80 Donlin Gold’s 27-year mine life North and South American gold- foc
Slide 19: One of the Largest Gold Projects in a Safe Jurisdiction
DONLIN GOLD: One of the Largest Gold Projects in a Safe Jurisdiction1 A comparison of the top three gold producing operations2 and the five largest development-stage gold projects3 ALASKA’S JURISDICTIONAL APPEAL 11.5Moz • Mineral potential Livengood 46.0Moz 1.2Moz Sukhoi Log • Established mining ind
Slide 20: The Next Big Gold Discovery Could be at Donlin Gold
DONLIN GOLD: The Next Big Gold Discovery Could be at Donlin Gold Substantial exploration potential along the 8km mineralized trend, located on less than 5% of Donlin Gold’s land position • From 2006 to 2011, M&I resources increased 135% (16.6Moz1 to 39.0Moz2) through a well-executed exploration prog
Slide 21: Project Catalysts
DONLIN GOLD: Project Catalysts Additional 2021 funding approved in preparation for a new feasibility study, advancing the Donlin Gold project up the value chain Q4 2021: feasibility study prework Q4 2021: additional drill assay results from 2021 drill program Early 2022: final assay results from 202
Slide 22: NOVAGOLD: Maintaining a Strong Treasury
NOVAGOLD: Maintaining a Strong Treasury A healthy treasury to advance Donlin Gold to the next stage of development $32M FORECAST FULL BUDGET YEAR 2021 SPENDING1 $ 173M $25M TREASURY $173.3M cash and term deposit balance on August 31, 2021 receivable from includes$75M received from Newmont July 27, 2
Slide 23: Significant Value Upside with Higher Gold Prices
DONLIN GOLD: Significant Value Upside with Higher Gold Prices Donlin Gold NPV5% increases by greater than $8 billion with $1,000/oz increase in gold price1 31.6B $2,500 22.5B $2,000 • Project return increases substantially with higher gold prices Gold Price (US$ per oz) 17.5B • Good payback at a bro
Slide 24: Strong Institutional Shareholder and Management Support
NOVAGOLD: Strong Institutional Shareholder and Management Support The 10 largest shareholders represent 64.5% of shares issued and outstanding1 Named Executive Officers’ ownership has increased to 2,701,168 shares2 since joining the company 35.5% all other shareholders 64.5% top 10 shareholders 25.7
Slide 25: Donlin Gold is a Tier-One Asset in a Tier-One Jurisdiction
NOVAGOLD: Donlin Gold is a Tier-One Asset1 in a Tier-One Jurisdiction2 Unique asset with strong, investor-friendly attributes SIZE: 39,000,000 gold ounces contained in measured and indicated mineral resources3 GRADE: 2.24 g/t4, more than double the world average grade5 EXPLORATION POTENTIAL: Endowme
Slide 26: Appendix
APPENDIX
Slide 27: NOVAGOLD: Mineral Reserves & Mineral Resources
NOVAGOLD: Mineral Reserves & Mineral Resources Donlin Gold (100% basis)* Tonnage Grade Metal content GOLD kt g/t Au koz Au * Mineral reserves and resources are reported on a Reserves1 100% basis. NOVAGOLD and Barrick each own 50% of the Proven 7,683 2.32 573 Donlin Gold project. Probable 497,128 2.0
Slide 28: NOVAGOLD Resources Inc.
NOVAGOLD RESOURCES INC. Suite 1860 – 400 Burrard Street Mélanie Hennessey Vancouver, BC, Canada V6C 3A6 VP, Corporate Communications T: 604 669 6227 melanie.hennessey@novagold.com TF: 1 866 669 6227 F: 604 669 6272 Jason Mercier www.novagold.com Manager, Investor Relations info@novagold.com jason.me
NOVAGOLD Resources — Swiss Mining Institute Forum 2021 on 6ix