Start Time: 11:00 End Time: 43:00 November 1, 0000 ET

Q1 2024 Earnings Conference Call
April 04, 2024, 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

Lucas Pipes – B. Riley Securities
Don DeMarco – National Bank Financial

Operator

Thank you for standing by. This is the conference operator. Welcome to the NOVAGOLD 2024 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. Good morning, everyone. We are pleased that you have joined us for NOVAGOLD's 2024 first quarter financial results and for an update on the Donlin Gold project. On today's call, we have NOVAGOLD's President and CEO, Greg Lang; 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 on the webcast.

I would like to remind you, 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 on our various EDGAR and SEDAR filings and forward-looking disclaimers included in this presentation.

I will now turn the presentation over to our President and CEO, Greg Lang. Greg?

Greg Lang

Thank you Melanie and good morning everyone ahead of providing a summary on our first quarter results. I'd like to start today's call with a brief overview explaining why both us and our shareholders consider Donlin Gold, a Tier 1 asset. On the backdrop of the record gold price, it's important to highlight our investment thesis. We view assets like Donlin Gold, and it's more important than ever for the sector and for the investment community.

Starting from slide five, with an impressive resource of approximately 39 million ounces of gold, boasting a grade that has doubled the industry average at 2.25 grams, along with the projected mine life exceeding 27 years, Donlin Gold has the potential to be a low-cost, open pit, near-natural year producer for many decades. Additionally, its expansive landholdings offer outstanding exploration potential with the current resource area covering less than 5% of the land. Importantly, we are situated on private land that was designated for mining in Alaska, a jurisdiction renowned for its responsible mining practices.