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    Rabi NizamiNational Bank Financial

    Rabi Nizami's questions to NovaGold Resources Inc (NG) leadership

    Rabi Nizami's questions to NovaGold Resources Inc (NG) leadership • Q1 2025

    Question

    Rabi Nizami of National Bank Financial asked how the current environment of all-time high gold prices is influencing the company's decision-making and project prioritization, particularly concerning permitting and advancing the feasibility study.

    Answer

    Executive Greg Lang responded that the immediate focus is on executing the drill program and engaging with stakeholders. He acknowledged that at current prices, Donlin is a "very compelling investment" but reiterated a "one step at a time" approach, where finishing the drill program will position the owners to decide on the next steps.

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