Core Viewpoint - NOVAGOLD and Paulson Advisers LLC are advancing the Donlin Gold project in Alaska, focusing on stakeholder engagement and preparing for a Bankable Feasibility Study (BFS) amid a favorable gold market [1][2][3]. Group 1: Project Development and Stakeholder Engagement - A project workshop was held in July 2025 in Alaska, involving key stakeholders and representatives from NOVAGOLD and Paulson, aimed at advancing the Donlin Gold project [1]. - Meetings with local stakeholders, including Calista Corporation and The Kuskokwim Corporation (TKC), emphasized collaboration and the project's commitment to responsible development [2][3]. - The project is expected to produce over one million ounces of gold annually over a 27-year mine life, highlighting its significance as one of the largest gold mines in the U.S. [13]. Group 2: Strategic Planning and Infrastructure - A contract has been awarded to prepare the Request for Proposals (RFP) for the updated BFS, with top-tier engineering firms expected to be selected by Q4 2025 [3][11]. - Discussions with natural gas pipeline developers are ongoing to explore options for delivering natural gas to Southcentral Alaska, which could benefit the Donlin Gold project [10]. - The 2025 drill program has been completed, focusing on converting and expanding reserves, with an additional 3,000 meters approved for geotechnical drilling [12][17]. Group 3: Company Overview and Financial Position - NOVAGOLD is well-financed and focuses on developing the Donlin Gold project, which has approximately 39 million ounces of gold in the Measured and Indicated Mineral Resource categories [13][17]. - The project is regarded as one of the largest and highest-grade open-pit gold deposits globally, with significant potential for future production [13].

Core Insights - Besra Gold Inc has made significant progress in derisking the Jugan Project, aiming to complete the Bankable Feasibility Study (BFS) by H1 2025 [1] Metallurgical Test Work - Three metallurgical drillholes totaling 715 meters have been completed, with core samples sent for advanced testing to ALS Laboratories and Minefill Services [2][4] - An alternative processing route using pyrolysis technology is being evaluated, which could provide environmental benefits by converting arsenic-bearing tailings into a stable form [3] Geotechnical Drilling and Analysis - Geotechnical drilling has advanced with nine out of eleven planned diamond drillholes completed, totaling approximately 2,700 meters [5][6] - Minegeotech Services has been engaged to provide analytical geotechnical work, focusing on slope stability and underground access development [7] Hydrogeological Assessment - Planning for hydrogeological investigations has begun to estimate water inflows for proposed mining operations, including surface-based geophysical surveys [8][9] Pilot Plant Approvals and Site Readiness - The company has secured nearly all necessary approvals for the construction of the Jugan Pilot Plant, with only the renewal of Mining Lease ML 05/2012/1D pending [10][11] - Civil earthworks geotechnical drillholes have been completed to prepare the site, ensuring slope stability for future construction [11][13]

Core Viewpoint - Chibougamau Independent Mines Inc. and Globex Mining Enterprises Inc. are updating on the Mont Sorcier iron vanadium deposit, highlighting their respective royalties on production and ongoing metallurgical test work aimed at enhancing project feasibility [1][3][4]. Group 1: Project Update - The Mont Sorcier project is focused on producing high-grade iron concentrate with over 67% iron content and low silica and alumina levels below 2.3% [3]. - Ongoing test work includes flotation testing, variability tests, grind size optimization, and equipment sizing, which are critical for the project's development [3][4]. - A Bankable Feasibility Study (BFS) is targeted for completion by the end of Q1 2026, building on a previous Preliminary Economic Assessment (PEA) that indicated a project NPV8% of US$1.6 billion based on 65% iron concentrates [4]. Group 2: Company Royalties - Chibougamau Independent Mines holds a 2% Gross Metal Royalty on all iron and vanadium produced from the Mont Sorcier property [1]. - Globex Mining Enterprises has a 1% Gross Metal Royalty on all iron production from the same property [1].