Call Start: 11:00 Call End: 11:45 November 1, 0000 ET

Q1 2023 Earnings Conference Call

April 05, 2023, 11:00 AM ET

Company Participants

Melanie Hennessey - VP, Corporate Communications

Gregory Lang - President & CEO

David Ottewell - VP & CFO

Thomas Kaplan - Chairman

Conference Call Participants

Michael Parkin - National Bank Financial

Lucas Pipes - B. Riley Securities

Operator

Thank you for standing by. This is the conference operator. Welcome to the NovaGold 2023 First Quarter Financial Results Conference Call and Webcast. [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, Alicia, and good morning, everyone. We are pleased that you've joined us for NovaGold's 2023 First Quarter Financial Results and also for an update on the NovaGold project. On today's call, we have Dr. Thomas Kaplan, NovaGold's Chairman; Greg Lang, NovaGold's President and CEO; and David Ottewell, NovaGold Vice President and CFO.

At the end of the webcast, we will take questions by phone and by e-mail. Additionally, we will respond to other questions received subsequent to the call by e-mail. I would like to remind our webcast and call participants that, as stated on Slide 3, 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?

Gregory Lang

Thank you, Melanie, and good morning, everyone. All of us at NovaGold take great pride in the fact that we have been laser-focused and very successful on executing the strategy set forth by our chairman and myself over a decade ago, mainly to unlock NovaGold's high-quality assets for our shareholders and dedicate our energy to create the maximum leverage from a pure role play and a unique endowment that is the Donlin Gold project.

This has been a foundation of our investment thesis. As shown on Slide 5, we have been steadily advancing Donlin Gold up the value chain in various areas over the past decade. These areas include the completion of the 43-101 technical report and the update to the second feasibility study, the receipt of a Joint Record of Decision from the Army Corps of Engineers and the Bureau of Land Management as well as other major federal permits. And most recently, we completed the largest drill program at Donlin in over 15 years.