Novagold Resources Inc. · AMEX:NG
Novagold Resources — 121 Mining Investment Conference New York 2023
26 slides from Novagold Resources's conference presentation, Jun 5, 2023
Slide 1: 121 Mining Investment Conference – New York
121 Mining Investment Conference – New York June 5-6, 2023 TSX, NYSE American: NG | novagold.com 1 NOVAGOLD | 121 Mining Investment Conference New York
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: Why Invest in NOVAGOLD?
SIZE 39Moz gold contained in WHY INVEST IN NOVAGOLD? measured and indicated mineral resources2 PARTNERSHIPS LEVERAGE BALANCE SHEET Time-tested partnerships Excellent Cash and term deposits of Donlin Gold with Alaska Native leverage to a $116 million with $25 Corporations and rising gold price An exc
Slide 4: Steadily and Surely Advancing the Donlin Gold Project Up the Value Chain
NOVAGOLD STEADILY AND SURELY ADVANCING THE DONLIN GOLD PROJECT UP THE VALUE CHAIN Executing the explicit strategy that was set forth by the CEO & Chairman more than a decade ago Unlocking the value of NOVAGOLD’s several high-quality assets for our shareholders and to dedicate our entire energy tow
Slide 5: 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 Donlin Gold’s 27-year mine life 1.10 Moz/yr1 0.41 Moz/yr2 Select gold-focused development projects in the Americas See endnotes for this slide in Appendix * See Minera
Slide 6: 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 1.06 provides resilience through commodity price cycles g/t Global average grade1 Donlin Gold average grade2 Se
Slide 7: With 95% of Donlin Gold Land Explored… The Next Big Gold Discovery
DONLIN GOLD WITH 95% OF DONLIN GOLD LAND EXPLORED… 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
Slide 8: Great Leverage in a Place Where You Can Keep It
DONLIN GOLD GREAT LEVERAGE IN A PLACE WHERE YOU CAN KEEP IT Comparing the top three gold producing operations1 and five largest gold development projects2 Olimpiada Projects/ Grade Location M&I* KSM Operations (g/t) Sukhoi Log Gold development projects Muruntau Livengood Donlin Gold Alaska 39.04 2.2
Slide 9: Extraordinary Leverage to Gold
DONLIN GOLD EXTRAORDINARY LEVERAGE TO GOLD $35.0 31.6B Project return increases $30.0 substantially with higher gold Net Present Value (NPV) (US$ in Billions) prices1 Good payback at a broad $25.0 22.5B range of gold prices Long mine life offers high $20.0 17.5B likelihood of enjoying one or m
Slide 10: 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 “ Calista Corporation The Donlin Gold Project is important to Calista because of the potential it has not only Land valuable for resource for
Slide 11: 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, 42,331m2 drill DC22-2068 Divide
Slide 12: 2023 Activities at Donlin Gold
DONLIN GOLD 2023 ACTIVITES AT DONLIN GOLD Advancing a federally permitted project toward an updated feasibility study Mine optimization: Completing updated geologic and resource models and reviewing key project assumptions, inputs, and design components for optimization To support mine planning
Slide 13: NOVAGOLD Launches 2022 Annual Report
NOVAGOLD NOVAGOLD LAUNCHES 2022 ANNUAL REPORT Featuring special interview with Dr. Thomas Kaplan and Daniela Cambone View full report here: https://www.novagold.com/investors/financials/ 13 NOVAGOLD | 121 Mining Investment Conference New York
Slide 14: NOVAGOLD Launches 2022 Sustainability Report
NOVAGOLD NOVAGOLD LAUNCHES 2022 SUSTAINABILITY REPORT Featuring 2022 environmental, social and corporate governance performance data View full report here: https://www.novagold.com/sustainability/ 14 NOVAGOLD | 121 Mining Investment Conference New York
Slide 15: Stewarding a Robust Treasury
NOVAGOLD STEWARDING A ROBUST TREASURY Due from Newmont Cash and term deposit balance on February 28, 2023 in July 20231 $116M $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 16: Strong Institutional Shareholder and Management Support
NOVAGOLD STRONG INSTITUTIONAL SHAREHOLDER AND MANAGEMENT SUPPORT The10 largest shareholders represent 68.7% of shares issued and outstanding1 Executive Officers’ ownership has increased to ~2.8 million2 shares since joining the company 68.7 % 31.3% top 10 shareholders 25.3% Electrum Strategic Resour
Slide 17: Upcoming Catalysts
NOVAGOLD UPCOMING CATALYSTS Steadily advancing the Donlin Gold project up the value chain Update resource model Complete trade-off studies Moving to commence an updated Feasibility Study v “ Possessing the unique combination of industry-leading size, grade, and excellent exploration upside wit
Slide 18: Appendix
Appendix 18 NOVAGOLD | 121 Mining Investment Conference New York
Slide 19: 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 20: Mineral Resources
MINERAL RESOURCES Attributable to Donlin Gold Tonnage Grade Metal content *Mineral reserves and mineral resources are 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 21: 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 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 – Why invest in NOVAGOLD? SLIDE 7- The next big gold discovery could be at Donlin Gold 1. NOVAGOLD sold its 50% ownership of the Galore Creek project to Newmont in 2018. Deferred 1. Represents measured and indicated mineral resources previously reported by NOVAGOLD and compensation
Slide 25: Endnotes
ENDNOTES SLIDE 11 - 2022 drill program consistently delivered among the best assay results in the gold industry globally SLIDES 19 & 20- Mineral reserves and Mineral resources 1. See media release from January 19, 2023 titled “Donlin Gold Announces Final Assay Results For 2022 Drill 1. Mineral Reser
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 | 121 Mining Inv
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