# NOVAGOLD & Paulson Select Fluor as Donlin Gold's Partner to Lead Bankable Feasibility Study

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/novagold-paulson-select-fluor-as-donlin-gold-s-partner-to-lead-bankable-feasibil--b92c4278-ce1c-40a9-a957-6e50fa52db22

Original source: https://money.tmx.com/en/quote/NG/news/8206991220300473/novagold-paulson-select-fluor-as-donlin-gold-s-partner-to-lead-bankable-feasibil

Publisher: tmx

Original announcement: 2026-02-09T13:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: NOVAGOLD RESOURCES INC.

- Ticker: NG

- Exchange: TSX

- Region: Alaska

- Primary commodity: Gold

- Secondary commodities: None reported

- Document categories: Agreement transaction, Resource update

- Extracted: 2026-08-21 02:36:03 UTC

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas summary

NOVAGOLD and Paulson have selected Fluor Corporation to lead the Bankable Feasibility Study \(BFS\) for the Donlin Gold project in Alaska. The BFS is expected to be completed in 2027 and will integrate key infrastructure and processing components like the pressure oxidation circuit.

Reasoning: The appointment of Fluor to lead the Bankable Feasibility Study is a major de-risking milestone for the Donlin Gold project, moving it closer to production.

- Positive factor: Selection of top-tier engineering firm Fluor to lead BFS

- Positive factor: Project advancing toward financing and development

- Positive factor: Large scale resource \(40 Moz Au\) confirmed

- Negative factor: BFS completion not until 2027

Facts used in scoring: 4

## Classification and evidence

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: The resource is stated to be in accordance with NI 43-101 and S-K 1300 based on a 2025 Technical Report.

Evidence · text

> Mineral Reserve and Resources have been estimated in accordance with NI 43-101 and S-K 1300.

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The document provides a summary of the current resource and reserve status as part of the project advancement announcement.

Evidence · text

> 560 million tonnes at an average grade of approximately 2.22 grams per tonne

## Extracted facts

Stored fact records: 0. Some facts used in scoring do not have a stored record.

No stored fact records are available for this extraction.

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.