Novagold Resources Inc. · AMEX:NG
Novagold Resources — Gold Forum Americas 2023
26 slides from Novagold Resources's conference presentation, Sep 11, 2023
Slide 1: Gold Forum Americas, Denver
Gold Forum Americas, Denver September 17-20, 2023 TSX, NYSE American: NG | novagold.com NOVAGOLD | Gold Forum Americas, Denver
Slide 2: Cautionary Statements Regarding Forward-Looking 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 could prove to be This presentation includes certain “forward-looking information” and “forward-looking statements” (
Slide 3: Donlin Gold: A Tier-One Asset in a World-Leading Jurisdiction
DONLIN GOLD: A TIER-ONE ASSET IN A WORLD-LEADING JURISDICTION Generational asset with strong, investor-friendly attributes SIZE GRADE EXPLORATION POTENTIAL 39Moz gold contained 2.24 g/t Au², more Endowment is contained within three in measured and than double the kilometers of an eight- kilometer- i
Slide 4: Advancing the Donlin Gold Project Up the Value Chain
NOVAGOLD ADVANCING THE DONLIN GOLD PROJECT UP THE VALUE CHAIN Unlocking value from a pure play on what we and our largest shareholders regard as the most exciting development project in the gold industry globally Successful strategic repositioning as a pure gold play Steady advancement of Donlin Gol
Slide 5: Alaska: World-Leading Mining Jurisdiction
DONLIN GOLD ALASKA: WORLD-LEADING MINING JURISDICTION ▪ 2nd largest gold-producing state in the U.S. ▪ Well-defined state permitting process ▪ $4.5B value of non-fuel mineral production (Donlin Gold community employees not included) in Alaska (6th highest in U.S.)¹ ▪ $2.6B allotted to Alaska from U.
Slide 6: Alaska Native Corporation Partnerships Elevate the Project
DONLIN GOLD ALASKA NATIVE CORPORATION PARTNERSHIPS ELEVATE THE PROJECT Donlin Gold is situated on private land designated for mining activities five decades ago and holds life-of-mine agreements with Alaska Native Corporations Calista and TKC Calista Corporation Resource development “ The Donlin Gol
Slide 7: ESG Performance
NOVAGOLD ESG PERFORMANCE (Fiscal Year 2022) Committed to Responsible and Economic Development in Alaska’s Y-K Region (Scope 1) 7 NOVAGOLD | Gold Forum Americas, Denver
Slide 8: Positioned to Become a Million-Ounce Gold Producer
DONLIN GOLD POSITIONED TO BECOME A MILLION-OUNCE GOLD PRODUCER 1 Anticipated to be one of the highest gold producers in the Americas 1.20 1.13 1.03 1.00 Donlin Gold’s Projected annual gold production (millions of ounces) 27-year mine life 1.13 0.80 Moz/yr1 0.60 0.42 0.36 0.38 0.40 0.40 0.31 0.32 0.3
Slide 9: Double the Global Average Gold Grade
DONLIN GOLD DOUBLE THE GLOBAL AVERAGE GOLD GRADE 1 Among the world’s highest-grade known open-pit gold deposits 2.24 g/t While global average gold grades are declining, Donlin Gold’s grade 1.04 provides resilience through commodity price cycles g/t Global average grade1 Donlin Gold average grade2 Se
Slide 10: 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 at depth and along strike Far Side 8km ▪ From 2006 to 2011, M&I Queen resources increased 135% (16.6Moz1 to Snow Quartz Ophir ACMA Pit Dome 39.0Moz2 on 100% basis) Lewis Pit ▪ Gold resour
Slide 11: 2023 Donlin Gold Activities
DONLIN GOLD 2023 DONLIN GOLD ACTIVITIES Advancing a federally permitted project up the value chain Activities advanced in five key areas at Donlin Gold: 1. Moved toward completion of the updated geologic and resource models with the data derived from the extensive drill programs over the last three
Slide 12: Stewarding a Robust Treasury
NOVAGOLD STEWARDING A ROBUST TREASURY Received from Newmont Cash and term deposit balance on May 31, 2023 in July 20231 $109M $25M $0 $50 $100 $150 2023 Budget2 Donlin Gold project expenditures $17M Corporate G&A $13M Working capital and other items $1M Total $31M See endnotes for this slide in Appe
Slide 13: The History of Gold Cycles
NOVAGOLD “If you take a look at a long-term price chart of gold, you’ll see against the dollar that gold is consolidating and coiling for the next up-leg in the bull market — the one that will take it convincingly past $2,000 and to the higher equilibrium range that I see in dollar terms.” – NOVAGOL
Slide 14: Extraordinary Leverage to Gold in a Place That You Can Keep It
DONLIN GOLD Gold will emerge as the asset class with the most EXTRAORDINARY LEVERAGE TO GOLD potential this decade, no matter the financial or IN A PLACE THAT YOU CAN KEEP IT geopolitical backdrop. – “The Upcoming Gold Bull Market: How High Will Gold Prices Go?” Goehring & Rozencwajg $35.0 31.6B ▪ P
Slide 15: Strong Institutional Shareholder and Management Support
NOVAGOLD STRONG INSTITUTIONAL SHAREHOLDER AND MANAGEMENT SUPPORT The10 largest shareholders represent almost 70% of shares issued and outstanding Named Executive Officers’ ownership has increased to ~2.8 million shares since joining the company 69.5% 30.5% top 10 shareholders 25.4% Electrum Strategi
Slide 16: Upcoming Catalysts for the Ultimate Company Maker
NOVAGOLD UPCOMING CATALYSTS FOR THE ULTIMATE COMPANY MAKER Taking the Donlin Gold project up the value chain ▪ The extensive work completed with highly successful drill programs has provided valuable information for the Donlin Gold LLC board and owners ▪ In September, a thorough work review by the o
Slide 17: Appendix
Appendix 17 NOVAGOLD | Gold Forum Americas, Denver
Slide 18: Mineral Reserves
MINERAL RESERVES Attributable to Donlin Gold Tonnage Grade Metal content NOVGAOLD *Mineral reserves and mineral resources GOLD kt g/t Au koz Au koz Au are reported on a 100% basis and on a 50% basis. Reserves1 NOVAGOLD and Barrick each own 50% Proven 7,683 2.32 573 287 of the Donlin Gold project. Pr
Slide 19: Mineral Resources
MINERAL RESOURCES Attributable to *Mineral reserves and mineral resources are Donlin Gold Tonnage Grade Metal content NOVGAOLD reported on a 100% basis and on a 50% basis. GOLD kt g/t Au koz Au koz Au NOVAGOLD and Barrick each own 50% of the Donlin Gold project. Resources2, exclusive of Reserves Don
Slide 20: Donlin Gold
DONLIN GOLD S-K 1300 Technical Report Summary – Donlin Gold project, Alaska, USA dated November 30, 2021 (100% basis) Key financial economic & production aata LOM operating costs Initial capital costs $7.4B Area $/t Processed $/t Mined $/oz Au Sustaining capital costs over LOM (27 years) $1.7B Mine
Slide 21: 2022 Drill Program Delivered Among the Best Assay Results in the Gold Industry Globally
DONLIN GOLD 2022 DRILL PROGRAM DELIVERED AMONG THE BEST ASSAY RESULTS IN THE GOLD INDUSTRY GLOBALLY Donlin Gold’s largest drill program in 15 years – Top 20 signifiant intervals1 Hole ID Location Date Reported From (m) To (m) Length Grade (m) (g/t Au) ▪ The 141-hole, 42,331m drill DC22-2068 Divide 1
Slide 22: 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 ✓ Alaska Pollutan
Slide 23: Management
MANAGEMENT ▪ Former President of Barrick Gold North America Gregory Lang ▪ 40+ years experience building & operating major open-pit and underground mines (Goldstrike, Cortez, President and CEO Turquoise Ridge, Bald Mountain) ▪ Diverse experience in mine operations, project development and evaluation
Slide 24: Endnotes
ENDNOTES SLIDE 3 – Donlin Gold: A tier-one asset in a world-leading jurisdiction SLIDE 9 - Double the global average gold grade 1. Represents 100% of measured and indicated resources, inclusive of mineral reserves, of which 50% is 1. 2023 average grade of open pit and underground deposits with gold
Slide 25: Endnotes
ENDNOTES SLIDES 18 & 19- Mineral reserves and Mineral resources SLIDE 14 – Extraordinary leverage to gold 1. Mineral Reserves are reported within the pre-feasibility pit designs, and supported by a mine schedule, featuring variable throughput rates, stockpiling and cut-off optimization. The pit desi
Slide 26: NOVAGOLD Resources Inc.
NOVAGOLD RESOURCES INC. Mélanie Hennessey Suite 1860 – 400 Burrard Street VP, Corporate Communications Vancouver BC Canada V6C melanie.hennessey@novagold.com 3A6 T: 604 669 6227 TF: 1 866 669 6227 F: 604 669 6272 E: info@novagold.com TSX, NYSE American: NG | novagold.com 26 NOVAGOLD | Gold Forum Ame