Becoming a Pure Gold Play Focused on Donlin Gold.
•Donlin Gold, NovaGold's flagship project, successfully passed feasibility and has emerged as perhaps the most important gold development asset in the world today;
NovaGold Resources Inc. Vancover, BC; (NYSE AMEX: NG, TSX: NG) is a growth company focused on gold exploration, development and mining.
ONE GOAL: To be a low-cost, million-ounce-per-year gold producer
Current Measured & Indicated resource base of:
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3.9 Mozs gold,
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2.6 Blbs copper
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40 Mozs silver,
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with an additional 4.7 Mozs gold, 3.0 Blbs copper and 55 Mozs silver inferred resources
WORLD-CLASS PORTFOLIO OF NORTH AMERICAN GOLD AND COPPER-GOLD PROJECTS
Donlin Gold (Southwest Alaska)
- 50% Ownership (50% Barrick Gold)
- P&P: 33.6 Mozs gold, M&I: 4.3 Mozs gold INF: 4.4 Mozs gold
- Revising feasibility study to include natural gas pipeline.
- Feasibility revision scheduled for Q4-2011, with permit application process to follow.
- Production estimated at more than 1 million ounces annually with a 25-year mine life.
Galore Creek (Northwest British Columbia)
- 50% Ownership (50% Teck Resources)
- P&P: 6.8 Blbs copper, 5.5 Mozs gold, 102 Mozs silver M&I: 2.1 Blbs copper, 2.5Mozs gold, 34 Mozs silver
- INF: 3.2 Blbs copper, 2.7Mozs gold, 48 Mozs silver
- Positive pre-feasibility completed July 2011.
- $30.5M budgeted for H2-2011 for exploration
Upper Kobuk Mineral Project (Northern Alaska)
- 100% Ownership (subject to the rights of NANA Regional Corporation Inc.)
- M&I: 1.5 Blbs copper, 2.2 Blbs zinc, .45 Mozs gold, 32 Mozs silver
- INF: 940 Mlbs copper, 1.3 Blbs zinc, .26 Mozs gold, 19 Mozs silver
- Preliminary economic assessment completed in April 2011.
- 10,000 meters of drilling for exploration
Senior Partnerships in Place
NovaGold recognizes the value of strong partnerships at its projects, both with local communities and at the operating level.
As a development-stage mining company, we acknowledge the need for partnerships and collaboration to achieve our goal of becoming a million-ounce-a-year gold producer, and have forged strong relationships with experienced and respected business partners.
By working together from the management committee right down to the technical committees and site level, each partner brings a different set of skills to the project, with the senior partners offering extensive construction and operations expertise and NovaGold bringing its exploration and community engagement experience to the partnership.
Having these partnerships in place reduces some of the development-stage risk at these projects.
NovaGold hasn't built a big project before, but our partners have, and investors know that we have the expertise behind us to advance these projects to production.
Barrick Gold
At the end of 2007, NovaGold and Barrick Gold U.S. Inc., a subsidiary of Barrick Gold, formed the Donlin Gold LLC to oversee development of the Donlin Gold gold project. DCLLC is owned equally by both partners, with full participation by both companies in all aspects of project development. Barrick is the world's largest gold mining company, with a strong balance sheet and a portfolio of 26 operating mines worldwide.
Barrick brings an incredible wealth of project development, construction and operations experience to the project. As an industry leader, Barrick is committed to upholding the highest environmental and social standards at its projects, and shares NovaGold's commitments to the Calista Corporation and other community stakeholders.
Teck Resources
NovaGold and Teck Resources created the Galore Creek Mining Corporation in 2007 as equal partners committed to developing the Galore Creek copper-gold-silver project.
Teck is Canada's largest diversified mining, mineral processing and metallurgical company and is one of the world's largest base metal producers, with a portfolio of 13 mines worldwide. Teck is committed to responsible mining and mineral development and is well respected in the mining industry for its sustainability initiatives.