NOVAGOLD & Paulson Award Engineering Contracts to WSP, Worley, and Hatch for Key Infrastructure and Unit Operations in Bankable Feasibility Study

Core Viewpoint - NOVAGOLD and Donlin Gold Holdings have engaged leading engineering firms to advance the Donlin Gold project, aiming to enhance infrastructure and operational efficiency as part of the ongoing Bankable Feasibility Study (BFS) update [1][2][3] Engineering Contracts - Specialized contracts have been awarded to WSP, Worley, and Hatch for key components of the Donlin Gold project, including the power plant, natural gas pipeline, and pressure oxidation circuit [1][2] - Fluor Corporation has been appointed as the lead engineering firm to coordinate and integrate all workstreams within a consolidated execution framework [2] Power Plant - WSP has been awarded the contract to design a dual-fired power generation facility with an installed capacity of approximately 215 MW, which will supply energy for the open-pit mine and processing plant [4] Natural Gas Pipeline - Worley will design a 316-mile buried natural gas pipeline to supply fuel from Cook Inlet to the power plant, aiming to provide long-term, lower-cost, and lower-emission energy [5] Pressure Oxidation Circuit and Oxygen Plant - Hatch is responsible for designing the pressure oxidation circuit, which is essential for treating refractory gold ore, and will also design the on-site oxygen plant [6][7] Project Development and Timeline - Fluor is advancing the BFS in a structured manner, with an integrated engineering, cost, and schedule framework expected to be completed in 2027 [8] - The company plans to advance workstreams concurrently to support the BFS and position the project for the next phase of development [9] Company Overview - NOVAGOLD is focused on developing the Donlin Gold project, which is regarded as one of the largest and highest-grade open-pit gold deposits globally, with approximately 40 million ounces of gold in the Measured and Indicated Mineral Resource categories [14][19]