Novagold Resources Inc. · AMEX:NG
Novagold Resources — Scotia Capital Presentation (August 2021)
34 slides from Novagold Resources's conference presentation, Aug 9, 2021
Slide 1: Scotia Capital Presentation
Scotia Capital Presentation TSX, NYSE American: NG | novagold.com | August 9, 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: Company History Highlights
NOVAGOLD: Company History Highlights The Gold Development Company for the 21st Century 1984 Incorporated in Nova Scotia – Gerald McConnell as CEO leads exploration company initially focused on gold properties in Nova Scotia, later exploration expands throughout the Americas 1998 Rick Van Nieuwenhuys
Slide 5: Promises Kept, Excellent Partnerships
NOVAGOLD: Promises Kept, Excellent Partnerships Track record of successfully translating company goals into shareholder value Culture of mutual respect between NOVAGOLD, Donlin Gold and people in remote villages and throughout Alaska • Well established partnership with Native Corporations • Employme
Slide 6: 2021 Drill Program Update
DONLIN GOLD: 2021 Drill Program Update The Donlin Gold 2021 drill program is progressing as planned • The Donlin Gold project camp was safely re-opened in March 2021 with four drills operating • A total of 28 holes have been drilled as of June 29, 2021 (approx. 8,650 meters of length drilled) out of
Slide 7: 2021 Drill Program
DONLIN GOLD: 2021 Drill Program 7
Slide 8: Investing in Camp Improvements
DONLIN GOLD: Investing in Camp Improvements Upgraded facilities and equipment at site Donlin Gold has made significant improvements at camp • Mobile equipment purchases: Telehandler, water truck, 5yd. Dump truck, F150 pickup, and 2 Polaris side-by-sides • Larger kitchen facility • New recreation are
Slide 9: 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 Corps and Bureau of Land Management Section 10/404 (wetlands) permit and BLM Off
Slide 10: 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 11: Our Employees Reflect the Diversity of the Region
DONLIN GOLD: Our Employees Reflect the Diversity of the Region 70% of Donlin Gold direct hires for the 2021 drill program have ancestral ties to 20 different Y-K Alaska Native villages 11
Slide 12: Our Employees and Contractors
DONLIN GOLD: Our Employees and Contractors Left: Delivering buckets to rural communities to enhance hygiene practices Left: Donlin Gold employees at camp, 2021 drill program Left: Gathering materials for Top and Left: Conducting a rainbow smelt face mask larva study making kits 12
Slide 13: Remaining Responsive and Vigilant with COVID-19 Protocol
DONLIN GOLD: Remaining Responsive and Vigilant with COVID-19 Protocol Continuing to keep our workforce healthy and safe Donlin Gold continues to follow strict health protocols to ensure the safety and well-being of its workforce, their families, and local communities for the 2021 field season. This
Slide 14: Community Engagement Initiatives that Support our Values
Community Engagement Initiatives that Support our Values Building on long-term relationships throughout the Y-K region and supporting communities everywhere we operate Donlin Gold Shared Values Statements • Finalized Shared Value Statements with two additional villages from the Y-K region for a tota
Slide 15: Long-Term Alaska Native Corporation Partners
DONLIN GOLD: Long-Term Alaska Native Corporation Partners Donlin Gold is being developed on private land that was selected by Calista and TKC at the direction of Y-K Elders in the 1970s • Donlin Gold LLC strongly supports the Alaska Native Claims Settlement Act1 (ANCSA) obligation to manage Calista
Slide 16: Alaska Native Corporation Partnership Leaders
Alaska Native Corporation Partnership Leaders Calista Corporation “Calista has been involved with the proposed Donlin Gold project site for over the last 45 years. Calista and leaders from the Yukon-Kuskokwim (Y-K) Delta have worked toward and supported the effort to mine gold from the area. Our ear
Slide 17: Long-Term Native Corporation Partners
DONLIN GOLD: Long-Term Native Corporation Partners Donlin Gold, Calista and TKC launched a Subsistence Community Advisory Committee (SCAC), which will provide additional local input on the relationship between the Donlin Gold project and subsistence activities within the Kuskokwim River drainage. Th
Slide 18: 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 • Donlin Gold LLC is owned 50:50 by Barrick Gold and NOVAGOLD subsidiaries • The Donlin Gold project management team is subject to oversight and direction by the Donlin Gold
Slide 19: Barrick Gold CEO Mark Bristow on unlocking the potential of Donlin Gold
Barrick Gold CEO Mark Bristow on unlocking the tremendous potential of Donlin Gold “Donlin has been a great journey for me personally, because the whole foundation of how I look at value is built on ore bodies, as a miner, that prescribes the revenue. You can’t put gold in the ground, it’s only God
Slide 20: NI 43-101 Technical Report
DONLIN GOLD: NI 43-101 Technical Report An update to the content in the 2011 Technical Report1 o In 2020, NOVAGOLD retained Wood Canada Limited (“Wood”) to perform a detailed review of the costs and other assumptions used in the previously filed 2011 Technical Report o Based on that cost review and
Slide 21: Maintaining a Strong Treasury
NOVAGOLD: Maintaining a Strong Treasury A healthy treasury to advance Donlin Gold to the next stage of development $ 31-35M BUDGET BUDGET anticipated 2021 expenditures 108M $ 75M $25M disclosed on January 27, 20211 $ TREASURY $108M cash and term deposit balance on May 31, 2021 receivable from plus $
Slide 22: 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 23: 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 24: 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 25: 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 26: 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 27: Project Catalysts
DONLIN GOLD: Project Catalysts 2021 Drill Program Expected to be Final Confirmation Before Shift of Focus to Upcoming Feasibility Study • Complete the geologic model update with additional 2021 confirmation and extension drilling, focusing on the continuity and structural controls of the higher-grad
Slide 28: Strong Institutional Shareholder and Management Support
NOVAGOLD: Strong Institutional Shareholder and Management Support The 10 largest shareholders represent 64.7% of shares issued and outstanding1 Named Executive Officers’ ownership has increased to 2,698,074 shares2 since joining the company 35.3% all other shareholders 64.7% top 10 shareholders 25.7
Slide 29: 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 30: Appendix
la 2 Pi mvt NOVAGOLD
Slide 31: The Management Team
NOVAGOLD: The Management Team Industry leaders to bring Donlin Gold through permitting & beyond • Former President of Barrick Gold North America Gregory Lang • 35+ years experience building & operating major open-pit and underground mines (Goldstrike, Cortez, Turquoise Ridge, President and CEO Bald
Slide 32: A Diverse Board of Directors to Guide Donlin Gold
NOVAGOLD: A Diverse Board of Directors to Guide Donlin Gold Dr. Thomas Kaplan • Chairman and CEO of The Electrum Group LLC, a privately held natural resources investment management company that controls a Chairman diversified portfolio of precious and base metals assets • Former Executive Vice Presi
Slide 33: 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 34: NOVAGOLD Resources Inc. contact details
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 — Scotia Capital Presentation (August 2021) on 6ix