NOVAGOLD selects Fluor to lead Donlin Gold feasibility study

NOVAGOLD Resources Inc. (NYSE American, TSX: NG) and Donlin Gold Holdings announced the selection of Fluor Corporation (NYSE: FLR) to lead the Bankable Feasibility Study for the Donlin Gold project in Alaska.

The feasibility study is expected to be completed in 2027, according to a press release statement. Fluor will integrate work packages from specialist contractors and coordinate infrastructure components including the power plant, natural gas pipeline, and pressure oxidation circuit.

Donlin Gold Holdings, wholly owned by Paulson Advisers LLC and its affiliates, holds a 40% stake in the project while NOVAGOLD owns 60%. The companies share equal voting and operating control of the project.

The study work will be conducted primarily at Fluor's offices in Canada with coordination from the Donlin Gold office and project site in Alaska. Fluor has commenced work on the study and will be responsible for advancing value and cost optimization while delivering an integrated engineering framework.

"Fluor is pleased to be appointed as Donlin Gold's partner to lead the BFS," said Harish Jammula, Fluor's President, Mining & Metals Business.

The Donlin Gold project contains approximately 40 million ounces of gold in Measured and Indicated Mineral Resource categories. The project is expected to produce an average of more than one million ounces per year over a 27-year mine life once in production.

Requests for proposals were issued in the fourth quarter of 2025 for specialist contractors to cover power plant, pipeline, and pressure oxidation scopes of work. Site activities continue including geotechnical drilling and materials assessments along the planned upriver port and access road.

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