06:25 AM EDT, 08/21/2025 (MT Newswires) -- Novagold Resources ( NG ) and Paulson Advisers late on Wednesday said it held a project workshop and site visit in Alaska in July following the recent change in ownership of Donlin Gold.

Participants included the Donlin Gold team, senior representatives from Novagold and Paulson, and Novagold shareholders John Paulson and Thomas Kaplan. The meetings were focused on advancing the project to a bankable feasibility study.

Meetings were held with Alaska Native Corporations, government officials and key stakeholders. A Donlin Gold contract was awarded to prepare the request for proposals to begin the updated bankable feasibility study. Engineering firms are expected to be selected by the fourth quarter.

Discussions were also held with natural gas pipeline developers and distributors exploring options to bring natural gas to south-central Alaska.

Separately, the 2025 Donlin Gold 15,000-meter drill program has been completed, focused on converting and expanding reserves and resources. Drill results will be provided in the coming months.

Novagold and Paulson in June completed the acquisition of a 50% stake in Donlin Gold from Barrick Mining (ABX.TO). Following the deal completion, Novagold boosted its stake in Donlin Gold to 60% from 50% and Paulson holds a 40% stake.