NovaGold to review, update 2025 budget ‘in due course’

The company said, “Our main objectives this year include: commencing the various workstreams to update Donlin Gold’s fully bankable Feasibility Study, including assembling a specially dedicated team to advance these efforts; completing the drill program for reserves and resources conversion; unlocking the full exploration potential of the district; advancing technical work and engineering designs; obtaining outstanding necessary permits and maintaining existing federal and state permits in good standing; upholding our deep support among the project’s stakeholders; and promoting a strong safety, sustainability, and environmental culture. In light of this transaction, the previously disclosed 2025 Donlin Gold expenditure of approximately $43.0 million on a 100% basis will be reviewed by the partners. NOVAGOLD’s (NG) 2025 budget will also be reviewed and updated in due course.”