Novagold Resources Inc.

Thank you for standing by. This is the conference operator. Welcome to the NOAA Gold 2024 Third Quarter Financial Results Conference Call and Webcast. As a reminder, all participants are in listen-only mode. The conference is being recorded. After the presentation, there will be an opportunity to ask questions. To join the question queue, you may press star, then 1 on your telephone keypad. Should you need assistance during the conference call, you may signal an operator by pressing star then zero. Webcast viewers may submit questions through the text box in the lower right corner of the webcast frame. Should you need assistance during the conference call, you may signal an operator by pressing star then zero. I would now like to turn the conference over to Melanie Hennessy, Vice President, Corporate Communications. Please go ahead.

Good morning, everyone, and thank you for joining us for Novogold's third quarter financial results and for an update on the Donlon Gold Project. On today's call, we have Novogold's President and CEO, Greg Lang, and Peter Adivac, Novogold's Vice President and CFO. At the end of the webcast, we will take questions by phone. Additionally, we will respond to questions received by email. I would like to remind everyone, as stated on slide three, any statements made today may contain forward-looking information, such as projections and goals, which are likely to involve risks detailed in our various EDGAR and CDAR filings and forward-looking disclaimers included in this presentation. I will now turn the presentation over to our President and CEO, Greg Lang. Greg?

Thank you, Melanie, and good morning, everyone. To begin today's call, I want to highlight why Donlon Gold is viewed as a Tier 1 asset by us and our shareholders, especially given the scarcity of high-quality projects in safe jurisdictions and the recent surge in the price of gold. Let's examine the impressive features of the Donlon Gold project as detailed on slide 5. Donlin boasts 39 million ounces of gold at an average grade of 2.25 grams per ton, more than double the industry average. With a projected mine life of nearly three decades based on our known resources, Donlin Gold promises a long-term, stable, and low-cost operation that would be one of the leading producers in the industry, with substantial exploration potential for future growth. Acted by an experienced management team with a proven track record in mine development across the Americas, Donlon Gold has secured the necessary federal permits and the majority of the state permits, demonstrating its readiness for successful advancement. Donlon is situated on private land Designated for mining in one of the world's top jurisdictions, this reinforces our social license to operate through our longstanding partnerships with Chalista and TKC. Together, these factors position Donlon Gold as a cornerstone project with significant long-term value and strong potential. One of the standout features of Donovan Gold is its ranking among the largest and highest grade undeveloped open pit reserves worldwide, particularly compared to other gold projects in the Americas, as depicted on slide six. As global gold production continues to decline, the industry faces a shortage of high quality development stage projects. This creates a heightened demand for projects that are characterized by scale, grade, and longevity, qualities that are vital to successfully navigating various gold price cycles. Moreover, with a grade of two and a quarter grams, more than double the industry average for open pit projects, as illustrated on slide seven, Donlan is poised become one of the most cost-effective producers in the gold industry. Currently ranked third out of 120 global jurisdictions and only one of 12 to achieve a AAA rating in the World Risk Report by the Mining Journal, Alaska is renowned for its strong and secure environment, especially in the mining sector, as shown on slide 8. This reputation not only boosts investor confidence, but aligns perfectly with the promising attributes of Donlon Gold. As the second largest gold producer in the United States, Alaska's robust regulatory framework and commitment to responsible development creates a supportive climate.