Letter to Shareholders
NOVAGOLD 2025 Interview
A TIER-ONE ASSET IN A WORLD-LEADING JURISDICTION
NOVAGOLD is a well-financed precious metals company focused on the development of its 50%-owned, federally permitted Donlin Gold project in Alaska, one of the safest mining jurisdictions in the world.
39 MOZ GOLD
Contained in measured and
indicated mineral resources¹
WORLD LEADING
MINING JURISDICTION
Alaska also has a well-established tradition of responsible mining
Exploration
Endowment is contained within three kilometers of an eight- kilometer long mineralized trend, which itself is located on less than 5% of Donlin Gold’s land position
Longstanding partnerships
With Alaska Corporations and Paulson Advisers LLC
1 Mineral Resources are inclusive of Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Donlin Gold data as per the NI 43-101 Technical Report on the Donlin Gold Project, Alaska, USA with an effective date of June 1, 2021 and the S-K 1300 Technical Report Summary on the Donlin Gold Project, Alaska, USA, November 30, 2021. 39 Moz refers to measured and indicated mineral resources inclusive of mineral resources on a 100% basis, 50% attributable to NOVAGOLD (19.503 Moz). Donlin Gold proven and probable reserves of approximately 16.925 Moz grading 2.09 g/t attributable to NOVAGOLD (33.849 Moz on 100% basis) and measured and indicated resources, exclusive of reserves, of approximately 2.749 Moz grading 2.43 g/t attributable to NOVAGOLD (5.497 Moz on 100% basis).
Sustainability
NOVAGOLD is committed to responsible mining practices, prioritizing ecologically responsible development and environmental stewardship. We recognize the importance of maintaining the health of the land and the traditional way of life for surrounding communities. Through transparent practices and sustainable development, we work to minimize environmental impacts while promoting economic, social, and environmental well-being.
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EXPLORE THE DONLIN GOLD PROJECT: VIRTUAL SITE TOUR & VISION FOR THE FUTURE
Take a deeper look at the Donlin Gold project—one of the largest and most prospective development-stage gold deposits in the world. This full site tour takes you behind the scenes in Alaska to see the scale, dedication, and innovation behind the Donlin Gold project. Learn about NOVAGOLD’s commitment to environmental responsibility and collaboration with the local communities while unlocking the potential Donlin Gold holds for the future of gold mining.
Watch the full video to see what makes Donlin Gold unlike any other project in the world.
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The Donlin Gold project is a uniquely attractive asset in terms of size, grade, exploration potential, production profile, mine life, and jurisdictional safety. NOVAGOLD and its partner, Paulson Advisers LLC bring strength and expertise to the project and continue to focus on optimization efforts and community outreach.