NovaGold Resources Inc. (NYSE:NG) Q3 2023 Earnings Conference Call October 4, 2023 11:00 AM ET

Company Participants

Melanie Hennessey - Vice President, Corporate Communications

Greg Lang - President and Chief Executive Officer

David Ottewell - Vice President and Chief Financial Officer

Conference Call Participants

Nick Giles - B. Riley Securities

Operator

Thank you for standing by. This is the conference operator. Welcome to the NovaGold 2023 Third Quarter Financial Results Conference Call and Webcast. As a reminder, all participants are in listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. [Operator Instructions]

I would now like to turn the conference over to Melanie Hennessey, Vice President, Corporate Communications. Please go ahead.

Melanie Hennessey

Thank you, and good morning, everyone. We are pleased that you have joined us for NovaGold's 2023 Third Quarter Financial Results and also for an update on the Donlin Gold Project. On today's call, we have Greg Lang, NovaGold's President and CEO; and David Ottewell, NovaGold’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 e-mail. I would like to remind our listeners, 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 SEDAR filings and forward-looking disclaimers included in this presentation.

I now have the pleasure of turning the presentation over to our President and CEO, Greg Lang. Greg?

Greg Lang

Thank you, Melanie. Before we begin, I would like to note that Dr. Thomas Kaplan, our Chairman and largest shareholder, sends his regrets for not being able to be on the call this morning as he is in transit back to the US after several weeks abroad.

Ahead of going into our third quarter activities, I'd like to begin today's call by providing a brief overview on slide five on why both us and our shareholders view Donlin Gold as a Tier 1 asset. With approximately 39 million ounces of gold at an impressive grade of 2.25 grams more than twice the industry average and a projected mine life of almost 30 years Donlin Gold has the potential to become a significant and cost-effective producer.

In addition, excellent exploration potential exists beyond the known resource area, which covers less than 5% of our extensive land holdings. And importantly, the project is situated on private land designated for mining in Alaska, a world-leading jurisdiction known for responsible mining practices and enduring partnerships with Calista and TKC that position the project favorably on a path toward development.