NOVAGOLD(US:NG)2021-06-30 17:32Donlin Gold Project Highlights - Donlin Gold is a Tier-One asset in a Tier-One jurisdiction, boasting 39 million gold ounces in measured and indicated mineral resources [15, 16, 81, 82] - The project's gold grade is 2.24 g/t, more than double the world average [16, 61, 62, 63, 64, 65, 66, 82] - NOVAGOLD has solid cash and term deposits of $108 million and notes receivable of $100 million [16, 58, 82] - The 2021 drill program is progressing as planned, with 28 holes drilled to date, representing over 40% of the planned drilling [31] Sustainability and Community Engagement - 70% of Donlin Gold direct hires for the 2021 drill program are Alaska Natives [21] - NOVAGOLD and Donlin Gold continue to follow strict health protocols to ensure the safety and well-being of its workforce, their families, and local communities for the 2021 field season [26] - Shared Value Statements have been finalized with seven villages from the Y-K region, including educational, environmental, and social initiatives [44] Financial Performance - NOVAGOLD's operating loss for the three months ended May 31, 2021, was $92 million [53] - The company's cash and term deposits as of May 31, 2021, were $1076 million [55] Technical Report Update - An update to the content in the 2011 Technical Report determined that updating the report using 2020 costs and new gold price guidance resulted in no material change to the mineral resources or mineral reserves [41]