NOVAGOLD(US:NG)2025-10-01 12:01The Donlin Gold project, a joint venture between NOVAGOLD (60%) and Barrick Gold Corporation (40%), is an advanced exploration and permitting stage project located in southwestern Alaska. It is recognized as one of the world's largest and highest-grade undeveloped open-pit gold projects. Key Highlights: * Significant Resource Base: The project boasts approximately 39 million ounces of gold in measured and indicated mineral resources (541 million tonnes grading 2.24 grams per tonne), including proven and probable mineral reserves. This average grade is more than double the industry average for similar projects. * Projected Production: Based on the 2021 Technical Report, Donlin Gold is expected to produce an average of over one million ounces of gold per year over a 27-year mine life once operational. * Strategic Location: Situated in the Kuskokwim region, approximately 277 miles (446 kilometers) west of Anchorage, the project benefits from access to the Kuskokwim River for transportation and a proposed natural gas pipeline for power. * Permitting Progress: Donlin Gold has secured most of the necessary federal and state permits for construction and operation. The company is actively defending existing permits against legal challenges and supporting state agencies in these efforts. * Strong Local Support: The project maintains robust relationships with local Alaska Native corporations, Calista Corporation and The Kuskokwim Corporation (TKC), who are both landowners and strong advocates for the project. Community engagement and local employment are key priorities. * Ongoing Optimization and Exploration: The project is currently focused on advancing a Bankable Feasibility Study (BFS) to optimize the mine plan and update economic parameters. Significant exploration potential remains, with only about 3 kilometers of the 8-kilometer known mineralization strike length extensively drilled, and the broader 67,000-acre land package largely unexplored. * Recent Ownership Change: NOVAGOLD recently increased its ownership stake in Donlin Gold LLC from 50% to 60% through an acquisition from Barrick Mining Corporation, signaling a renewed commitment to accelerating the project's development. The Donlin Gold project represents a substantial opportunity for gold production, underpinned by its vast resources, high-grade mineralization, and strategic partnerships. The current focus is on de-risking the project through further studies, permit defense, and exploration to unlock its full value.