Novagold Resources Inc. · AMEX:NG
Novagold Resources — Investor Presentation (June 2022)
30 slides from Novagold Resources's investor presentation, June 2022
Slide 1: 2022 Corporate Presentation – May/June
2022 Corporate Presentation – May/June TSX, NYSE American: NG | novagold.com
Slide 2: Cautionary statements
Cautionary statements REGARDING FORWARD-LOOKING STATEMENTS Forward-looking statements are based on a number of material assumptions, including but not limited to the following, which This presentation includes certain “forward-looking information” and “forward-looking statements” (collectively “forw
Slide 3: 2021 drill program delivers outstanding gold intercepts
DONLIN GOLD 2021 drill program delivers outstanding gold intercepts Bringing Donlin Gold up the value chain Top ten intervals based on drilled grade-thickness1 Drilled Grade- Date Grade Hole Id From To Thickness Thickness Reported (g/t Au) (m) (m x g/t Au) 1. DC21-1970 9/2/2021 69.7 161.7 92.0 7.8 7
Slide 4: Strong partnership alignment
DONLIN GOLD Strong partnership alignment 50:50 joint venture partnership “Our orebody knowledge of Donlin in Alaska continues to grow. The 2021 drill campaign finished strongly with high-grade intercepts and some of the best drill results for an open pit gold project industry wide. We began 2022 und
Slide 5: 2022 drill program
DONLIN GOLD 2022 drill program ACMA and Lewis deposits open at depth Longitudinal section view of the ACMA and Lewis deposits • High-grade intercepts point to potential feeder zones of this system • Significant exploration potential remains near the ACMA and Lewis deposits and the balance of the Don
Slide 6: The next big gold discovery could be at Donlin Gold
DONLIN GOLD The next big gold discovery could be at Donlin Gold Significant potential to expand current resource along strike ▪ From 2006 to 2011, M&I Far Side resources increased 135% (16.6Moz1 to 39.0Moz2) Queen ▪ Gold resource defined with Snow Quartz Ophir approximately 1,400 drillholes Dome tot
Slide 7: 2022 drill program: largest budget in more than a decade
DONLIN GOLD 2022 drill program: largest budget in more than a decade 2022 drill program $34M (approx. 34,000 meters of core drilling) • Grid drilling (mineralization continuity and geologic structural controls in three areas of the deposit) • In-pit and below pit exploration • Waste Rock Facility co
Slide 8: Permitting update
DONLIN GOLD Permitting update Key federal permits for the project received and state permitting is well-advanced Federal permitting completed State permitting completed ✓ Final Environmental Impact Statement (EIS) ✓ Air quality ✓ Joint Record of Decision (ROD) by the Army Corps of Engineers and ✓ Al
Slide 9: Maintaining a strong treasury
NOVAGOLD Maintaining a strong treasury Largest planned spending for Donlin Gold in over a decade $30M Donlin Gold project expenditures $46M $13M Corporate G&A Forecast 2022 spending $3M Withholding taxes on PSUs and other working capital Due from Newmont $155M cash and term deposit balance on Februa
Slide 10: Sustainability performance
NOVAGOLD Sustainability performance 10 NOVAGOLD | 2022 Corporate Presentation - May/June
Slide 11: Decades of government engagement
DONLIN GOLD Decades of government engagement Working together since 2001 to take the Donlin Gold project up the value chain ▪ The Donlin Gold project land and mineral rights are under private ownership of our Alaska Native Corporation partners, Calista Corporation and The Kuskokwim Corporation (TKC)
Slide 12: Donlin Gold: a tier-one asset in a tier-one jurisdiction
DONLIN GOLD Donlin Gold: a tier-one asset1 in a tier-one jurisdiction2 Generational asset with strong, investor-friendly attributes SIZE GRADE EXPLORATION POTENTIAL 39 million gold ounces 2.24 g/t4 Au more than contained in measured double the world average Only 5% of 489 sq km land and indicated mi
Slide 13: 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 40.0 39.0Moz Donlin Gold2 M&I gold resource (millions of ounces) 30.0 20.0 10.9 11.3 11.5 11.7 10.0 8.0 8.1 8.2 10.0 6.3 7.7Moz Peer group average1 3.9 4.2 4.6 5.0 3.
Slide 14: Positioned to become a million-ounce gold producer
DONLIN GOLD Positioned to become a million-ounce gold producer1 Anticipated to be one of the highest gold producers in the industry Donlin Gold’s 1.20 1.101 27-year mine life Projected annual gold production (millions of ounces) 1.00 1.1 Moz/yr1 0.80 0.60 0.50 0.39 0.40 0.36 0.37 0.30 0.32 0.28 0.29
Slide 15: A substantial gold project in a safe jurisdiction
DONLIN GOLD A substantial gold project in a safe jurisdiction1 Comparing the top three gold producing operations2 and the five largest development-stage gold projects3 60.0 Donlin Gold Muruntau Livengood Olimpiada 50.0 48.2 46.0 Sukhoi Log Production/M&I gold resource (millions of ounces) 40.0 39.04
Slide 16: 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 g/t While global average gold grades are declining, Donlin 1.12 Gold’s grade g/t provides resilience through commodity price cycles Global average grade1 Donlin Gold average grade2 See
Slide 17: Alaska Native Corporation partnerships elevate the project
DONLIN GOLD Alaska Native Corporation partnerships elevate the project Donlin Gold has life-of-mine agreements with Alaska Native Corporations Calista and TKC Land valuable for resource potential was selected by regional Alaska Native Corporations, and resource development companies were invited by
Slide 18: Promises kept, excellent partnerships
NOVAGOLD Promises kept, excellent partnerships Track record of converting company goals into shareholder value Successful strategic repositioning as a Aligned on project strategy and timeline with Steady advancement of pure gold play Barrick Gold Donlin Gold up the value chain ▪ 2012: Spin-out of 10
Slide 19: Significant value upside with higher gold prices
DONLIN GOLD Significant value upside with higher gold prices $35.0 31.6B $30.0 ▪ Project return increases Net Present Value (NPV) (US$ in Billions) substantially with higher gold prices1 $25.0 22.5B ▪ Good payback at a broad range of gold $20.0 17.5B prices ▪ Long mine life offers $15.0 13.1B high l
Slide 20: Strong institutional shareholder and management support
NOVAGOLD Strong institutional shareholder and management support The 10 largest shareholders represent 64.4% of shares issued and outstanding1 Executive Officers’ ownership has increased to ~2.8 million shares2 since joining the company 35.2% 64.8% all other top 10 shareholders shareholders 2.1 25.4
Slide 21: Donlin Gold: a tier-one asset in a tier-one jurisdiction
DONLIN GOLD Donlin Gold: a tier-one asset1 in a tier-one jurisdiction2 Generational asset with strong, investor-friendly attributes SIZE GRADE EXPLORATION POTENTIAL 39 million gold ounces 2.24 g/t4 Au more than contained in measured double the world average Only 5% of 489 sq km land and indicated mi
Slide 22: Appendix
Appendix 22 NOVAGOLD | 2022 Corporate Presentation - May/June
Slide 23: Mineral reserves
Mineral reserves Attributable to Donlin Gold Tonnage Grade Metal Content NOVGAOLD *Mineral reserves and GOLD kt g/t Au koz Au koz Au mineral resources are reported on a 100% basis Reserves1 and on a 50% basis. Proven 7,683 2.32 573 287 NOVAGOLD and Barrick each own 50% of the Probable 497,128 2.08 3
Slide 24: Mineral resources
Mineral resources Attributable to *Mineral reserves and Donlin Gold Tonnage Grade Metal content NOVGAOLD mineral resources are GOLD kt g/t Au koz Au koz Au reported on a 100% basis and on a 50% basis. Resources2, exclusive of Reserves NOVAGOLD and Barrick Measured each own 50% of the 869 2.23 62 31
Slide 25: Management
Management ▪ Former President of Barrick Gold North America Gregory Lang ▪ 35+ years experience building & operating major open-pit and underground mines (Goldstrike, Cortez, President and CEO Turquoise Ridge, Bald Mountain, Porgera) ▪ In-depth knowledge of Donlin Gold ▪ Former VP and Corporate Cont
Slide 26: Board of directors
Board of directors ▪ Chairman and CEO of The Electrum Group LLC, a ▪ President of The Electrum Group LLC Dr. Thomas Kaplan privately held natural resources investment management Igor Levental ▪ Former VP of Homestake Mining and International Chairman company that controls a diversified portfolio of
Slide 27: Endnotes
Endnotes SLIDE 3 - 2021 drill program delivers outstanding gold intercepts 1. Forecast includes $30 million to Donlin Gold, $13 million to NOVAGOLD G&A and $3 million for 1. Significant intervals represent drilled intervals and not necessarily true thickness of mineralization. withholding taxes on P
Slide 28: Endnotes
Endnotes SLIDE 13 - Largest gold development project in its category SLIDE 18 - Promises kept, excellent partnerships 1. Peer group data based on company documents, public filings and websites as of February 2022. 1. As per the media release titled “NovaGold Shareholders Overwhelmingly Approve the N
Slide 29: Endnotes
Endnotes SLIDES 23 & 24 - Mineral reserves and Mineral resources Reserve and Mineral Resource estimates shown above remain unchanged from the 2011 estimates contained in the prior technical report. See “Cautionary Note Concerning Reserve & Resource 1. Mineral Reserves are reported within the pre-fea
Slide 30: NOVAGOLD Resources Inc. contact details
TSX, NYSE American: NG | novagold.com NOVAGOLD RESOURCES INC. Mélanie Hennessey Suite 1860 – 400 Burrard Street VP, Corporate Communications Vancouver BC Canada V6C 3A6 melanie.hennessey@novagold.com T: 604 669 6227 TF: 1 866 669 6227 F: 604 669 6272 E: info@novagold.com 30 NOVAGOLD | 2022 Corporate
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