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As Of Filer Filing For·On·As Docs:Size Issuer Agent 10/29/03 Novagold Resources Inc 40FR12G 91:19M Newsfile Corp/FA |
Document/Exhibit Description Pages Size
1: 40FR12G Registration Statement Pursuant to Section 12 of HTML 79K
the Securities Exchange Act of 1934
2: EX-99.1 Revised Initial Annual Information Form of the HTML 228K
Registrant Dated July 22, 2003
11: EX-99.10 Quarterly Report of the Registrant for the Six HTML 137K
Months Ended May 31, 2002
12: EX-99.11 Quarterly Report of the Registrant for the Three HTML 139K
Months Ended February 28, 2002
13: EX-99.12 Management Information Circular of the Registrant HTML 101K
Dated April 14, 2003
14: EX-99.13 Form of Proxy for Use in Connection With the May HTML 35K
28, 2003 Annual and Special Meeting
15: EX-99.14 Management Information Circular of the Registrant HTML 98K
Dated April 15, 2002
16: EX-99.15 Form of Proxy for Use in Connection With the May HTML 33K
22, 2002 Annual and Special Meeting
17: EX-99.16 Final Short Form Prospectus Dated September 25, HTML 159K
2003
18: EX-99.17 Underwriting Agreement Dated September 15, 2003 HTML 221K
19: EX-99.18 Warrant Indenture Dated October 1, 2003 HTML 309K
20: EX-99.19 Report Dated August 13, 2003, as Amended September HTML 619K
22, 2003
3: EX-99.2 Annual Information Form of the Registrant Dated HTML 422K
April 17, 2002
21: EX-99.20 Qualifying Certificate of Ken Kuchling Dated HTML 30K
September 22, 2003
22: EX-99.21 Report Dated April 16, 2002 HTML 161K
23: EX-99.22 Qualifying Certificate of Curtis J. Freeman Dated HTML 29K
April 16, 2002
24: EX-99.23 Report Dated April 15, 2002 HTML 88K
25: EX-99.24 Qualifying Certificate of Curtis J. Freeman Dated HTML 29K
April 15, 2002
26: EX-99.25 Report Dated April 1, 2002 HTML 109K
27: EX-99.26 Qualifying Certificate of Curtis J. Freeman Dated HTML 29K
April 1, 2002
28: EX-99.27 Report Dated March 2002 HTML 600K
29: EX-99.28 Qualifying Certificate of Stephen B. Hodgson Dated HTML 27K
March 8, 2002
30: EX-99.29 Qualifying Certificate of Stephen Juras Dated HTML 28K
March 8, 2002
4: EX-99.3 Annual Report of the Registrant for the Year Ended HTML 281K
November 30, 2002
31: EX-99.30 Report Dated February 2002 HTML 264K
32: EX-99.30.A Appendix A of Report Dated February 2002 HTML 26K
33: EX-99.30.B Appendix B of Report Dated February 2002 HTML 1.29M
34: EX-99.30.C Appendix C of Report Dated February 2002 HTML 60K
35: EX-99.30.D Appendix D of Report Dated February 2002 HTML 25K
36: EX-99.31 Qualifying Certificate of Stephen Juras Dated HTML 28K
February 25, 2002
37: EX-99.32 Material Change Report of the Registrant Dated HTML 33K
October 24, 2003
38: EX-99.33 Press Release Dated October 23, 2003 HTML 31K
39: EX-99.34 Material Change Report of the Registrant Dated HTML 36K
October 16, 2003
40: EX-99.35 Material Change Report of the Registrant Dated HTML 48K
October 10, 2003
41: EX-99.36 Material Change Report of the Registrant Dated HTML 36K
October 2, 2003
42: EX-99.37 Material Change Report of the Registrant Dated HTML 36K
September 12, 2003
43: EX-99.38 Material Change Report of the Registrant Dated HTML 46K
August 13, 2003
44: EX-99.39 Material Change Report of the Registrant Dated HTML 45K
August 11, 2003
5: EX-99.4 Annual Report of the Registrant for the Year Ended HTML 294K
November 30, 2001
45: EX-99.40 Material Change Report of the Registrant Dated HTML 63K
August 7, 2003
46: EX-99.41 Material Change Report of the Registrant Dated HTML 39K
July 30, 2003
47: EX-99.42 Material Change Report of the Registrant Dated HTML 42K
July 3, 2003
48: EX-99.43 Material Change Report of the Registrant Dated HTML 59K
June 4, 2003
49: EX-99.44 Material Change Report of the Registrant Dated May HTML 34K
1, 2003
50: EX-99.45 Material Change Report of the Registrant Dated HTML 46K
April 28, 2003
51: EX-99.46 Material Change Report of the Registrant Dated HTML 47K
April 9, 2003
52: EX-99.47 Press Release of the Registrant Dated February 25, HTML 30K
2003
53: EX-99.48 Material Change Report of the Registrant Dated HTML 44K
February 11, 2003
54: EX-99.49 Material Change Report of the Registrant Dated HTML 70K
February 6, 2003
6: EX-99.5 U.S. Gaap Reconciliation Which Includes Audited HTML 279K
Comparative Financial Statements
55: EX-99.50 Material Change Report of the Registrant Dated HTML 92K
January 30, 2003
56: EX-99.51 Material Change Report of the Registrant Dated HTML 37K
December 30, 2002
57: EX-99.52 Material Change Report of the Registrant Dated HTML 72K
December 11, 2002
58: EX-99.53 Material Change Report of the Registrant Dated HTML 55K
November 26, 2002
59: EX-99.54 Material Change Report of the Registrant Dated HTML 65K
November 14, 2002
60: EX-99.55 Material Change Report of the Registrant Dated HTML 70K
October 3, 2002
61: EX-99.56 Material Change Report of the Registrant Dated HTML 37K
September 19, 2002
62: EX-99.57 Material Change Report of the Registrant Dated HTML 54K
September 13, 2002
63: EX-99.58 Press Release of the Registrant Dated September 9, HTML 28K
2002
64: EX-99.59 Material Change Report of the Registrant Dated HTML 35K
September 5, 2002
7: EX-99.6 U.S. Gaap Supplement to Management Discussion and HTML 42K
Analysis
65: EX-99.60 Material Change Report of the Registrant Dated HTML 80K
September 4, 2002
66: EX-99.61 Material Change Report of the Registrant Dated HTML 51K
August 7, 2002
67: EX-99.62 Material Change Report of the Registrant Dated HTML 74K
July 16, 2002
68: EX-99.63 Material Change Report of the Registrant Dated HTML 57K
June 5, 2002
69: EX-99.64 Material Change Report of the Registrant Dated May HTML 76K
22, 2002
70: EX-99.65 Material Change Report of the Registrant Dated HTML 43K
April 30, 2002
71: EX-99.66 Material Change Report of the Registrant Dated HTML 42K
April 18, 2002
72: EX-99.67 Material Change Report of the Registrant Dated HTML 37K
March 26, 2002
73: EX-99.68 Material Change Report of the Registrant Dated HTML 78K
March 15, 2002
74: EX-99.69 Material Change Report of the Registrant Dated HTML 56K
February 18, 2002
8: EX-99.7 Quarterly Report of the Registrant for the Six HTML 110K
Months Ended May 31, 2003
75: EX-99.70 Material Change Report of the Registrant Dated HTML 55K
January 24, 2002
76: EX-99.71 Consent of Pricewaterhousecoopers LLP HTML 25K
77: EX-99.72 Consent of Ken Kuchling HTML 26K
78: EX-99.73 Consent of Curtis J. Freeman HTML 28K
79: EX-99.74 Consent of Stephen B. Hodgson HTML 27K
80: EX-99.75 Consent of Stephen Juras HTML 28K
81: EX-99.76 Consent of Phillip St. George HTML 29K
82: EX-99.77 Consent of Harry Parker HTML 27K
83: EX-99.78 Consent of Norm Johnson HTML 27K
84: EX-99.79 Consent of Norwest Corporation HTML 27K
9: EX-99.8 Quarterly Report of the Registrant for the Three HTML 121K
Months Ended February 28, 2003
85: EX-99.80 Consent of Avalon Development Corporation HTML 27K
86: EX-99.81 Consent of Amec E&C Services Limited HTML 30K
87: EX-99.82 Consent of Kennecott Exploration Company HTML 26K
88: EX-99.83 Consent of Newmont Mining Corporation HTML 27K
89: EX-99.84 Consent of Placer Dome Inc. HTML 27K
90: EX-99.85 Consent of Mark Jutras HTML 27K
91: EX-99.86 Consent of Robert Prevost HTML 27K
10: EX-99.9 Quarterly Report of the Registrant for the Nine HTML 148K
Months Ended August 31, 2002
| Filed by Automated Filing Services Inc. (604) 609-0244 |
FORM 27
MATERIAL CHANGE REPORT
SECTION 75(2) OF SECURITIES ACT (ONTARIO),
SECTION 84(1)(b) OF THE SECURITIES ACT (SASKATCHEWAN),
SECTION 118(1) OF SECURITIES ACT (ALBERTA),
SECTION 67(1) OF SECURITIES ACT (BRITISH COLUMBIA),
SECTION 81(2) OF THE SECURITIES ACT (NOVA SCOTIA),
SECTION 76(2) OF SECURITIES ACT (NEWFOUNDLAND).
Item One - Reporting Issuer
NovaGold Resources Inc.
PO Box 49215, Four Bentall Centre
#3454 – 1055 Dunsmuir Street
Vancouver BC V7X 1K8
Item Two - Date of Material Change
Item Three - Press Release
The attached press release was issued in Vancouver, British Columbia.
Item Four - Summary of Material Change
On October 9,l 2003, NovaGold Resources Inc. announced the following:
Item Five - Full Description of Material Change
NovaGold has completed the final in-fill delineation drill program for its 100% owned Rock Creek Project located in Nome, Alaska. The recently completed 10,000 meter drill program started in late June and was designed to increase the in-fill drill definition for a Feasibility Study scheduled to be completed by mid-2004.
Preliminary results confirm the previous Independent Scoping Study model and estimates. An updated resource estimate and geologic model based on the in-fill drill program is being prepared in conjunction with AMEC E&C Services Ltd. and will be used in the final Feasibility Study.
NovaGold has also implemented a new larger sample size, metallic screen sample protocol for the current in-fill drill samples to better address the potential for an increase in grade due to the coarse gold component. The new protocol was developed in conjunction with ALS Chemex labs in Vancouver, B.C., based on the results from Knelson concentrator gravity testwork and metallic sieve analysis that demonstrated that there is a significant coarse gold component at Rock Creek that can be under reported with a conventional 200 gram sample split and 50 gram fire assay. The new protocol uses a significantly larger sample split of 4 kilograms and reports a final weighted average assay that combines a coarse and fine fraction assay. Preliminary results from the new protocol are very encouraging with the virtually all of the samples of greater than 1.0 g/t showing a significant increase in total gold grade due to the coarse metallic screen size fraction. These initial results suggest that the new protocol may result in an overall higher average grade for the deposit. Assay results from the program will be reported when the assays are finalized over the next two months.
Completion of the Feasibility Study is targeted for the second quarter of 2004 and submission of permit applications to the State of Alaska in the third quarter of 2004. Based on consultation with the permit agencies, NovaGold anticipates permit approval in the summer of 2005 with construction to begin immediately thereafter. Production is scheduled to commence in the first quarter of 2006. Including the final in-fill delineation drill program that was completed this year, NovaGold will spend of total of $5 million to bring the Rock Creek project to a construction decision in 2005.
Item Six - Reasons for Confidential Filing
Not Applicable.
Item Seven - Omitted Information
Not Applicable.
Item Eight - Senior Officer
Janice A. Stairs, Corporate Secretary.
Item Nine - Statement of Senior Officer
"The foregoing accurately discloses the material change referred to herein."
Executed this 10th day of October, 2003 at Halifax, Nova Scotia by Janice A. Stairs, Corporate Secretary.
 |
News Release | Toronto Stock Exchange: NRI |
NovaGold Begins Feasibility Study on Rock Creek Gold Project
October 9th, 2003, Vancouver – NovaGold Resources Inc. Highlights
Delineation Drill Program Completed, Updated Resource Model In Progress
NovaGold has just completed the final in-fill delineation drill program for its 100% owned Rock Creek Project located in Nome, Alaska. The conclusion of the in-fill drill program and Independent Economic Assessment Study are important milestones in the advancement of the project to production. The recently completed 10,000 meter drill program started in late June and was designed to increase the in-fill drill definition for a Feasibility Study scheduled to be completed by mid-2004.
Preliminary results confirm the previous Independent Scoping Study model and estimates. An updated resource estimate and geologic model based on the in-fill drill program is being prepared in conjunction with AMEC E&C Services Ltd. and will be used in the final Feasibility Study.
NovaGold has also implemented a new larger sample size, metallic screen sample protocol for the current in-fill drill samples to better address the potential for an increase in grade due to the coarse gold component. The new protocol was developed in conjunction with ALS Chemex labs in Vancouver, B.C., based on the results from Knelson concentrator gravity testwork and metallic sieve analysis that demonstrated that there is a significant coarse gold component at Rock Creek that can be under reported with a conventional 200 gram sample split and 50 gram fire assay. The new protocol uses a significantly larger sample split of 4 kilograms and reports a final weighted average assay that combines a coarse and fine fraction assay. Preliminary results from the new protocol are very encouraging with the virtually all of the samples of greater than 1.0 g/t showing a significant increase in total gold grade due to the coarse metallic screen size fraction. These initial results suggest that the new protocol may result in an overall higher average grade for the deposit. Assay results from the program will be reported when the assays are finalized over the next two months.
Rock Creek Feasibility Study Initiated
In August, Norwest Corporation completed a detailed Independent Economic Assessment Study that demonstrated that the project could be rapidly developed into a mine that would produce an average of 110,000 ounces of gold per year at a total cash cost of less than $200 per ounce (see August 7th, 2003 News Release). NovaGold has now initiated a final Feasibility Study on the Rock Creek project. Key areas to be addressed in the final Feasibility Study include geotechnical, hydrologic, and metallurgical studies along with final pit design and optimization. In addition to Norwest, NovaGold has retained several specialized firms for the Feasibility work including: Golder Associates, Inc. to conduct a geotechnical evaluation, Water Management Consultants (WMC) Group to assess the hydrologic characteristics of the Rock Creek site, and Laurion, Inc. to carry out further metallurgical test work on samples collected from this year’s in-fill drill campaign.
As part of the Feasibility Study, Laurion, Inc., will be completing a detailed metallurgical program to confirm the process selection from the Scoping Study and to refine the process flowsheet. The Scoping Study recommended a gravity/flotation process, showing recovery of over 80% of the gold to a refinable product by simple gravity methods. Overall recovery is anticipated to be over 96%.
Golder Associates has undertaken a detailed geotechnical fieldwork program that is now near completion. Part of that program included drilling of oriented core holes in the projected pit walls and the proposed tailing structure. Test pits were also excavated in the foundations of the development rock dumps and plant site. The results of the geotechnical program will be integrated into the final mine design work.
Project Timeline and Permitting Process
Completion of the Feasibility Study is targeted for the second quarter of 2004 and submission of permit applications to the State of Alaska in the third quarter of 2004. Based on consultation with the permit agencies, NovaGold anticipates permit approval in the summer of 2005 with construction to begin immediately thereafter. Production is scheduled to commence in the first quarter of 2006. Including the final in-fill delineation drill program that was completed this year, NovaGold will spend of total of $5 million to bring the Rock Creek project to a construction decision in 2005.
As part of the baseline environmental information necessary for the permit process, Water Management Consultants (WMC) Group has begun a study to assess the hydrologic characteristics of the Rock Creek site. The WMC Group is internationally recognized for its specialized expertise in mine hydrology and engineering and has designed and initiated a plan for the installation of seven water monitoring wells on the project. The water monitoring wells are intended to establish baseline groundwater conditions prior to initiation of mining. The Alaska State Department of Environmental Conservation has approved the plan of work and installation of the wells has been initiated with three of the seven wells now completed. In addition to overseeing installation of the monitoring wells, WMC Group is collecting data on ground water flows to assess pit hydrology and establish an overall site water balance.
As the final part of the permit process NovaGold is initiating additional baseline environmental studies for the preparation of an Environmental Assessment (EA) document for the project. Work has begun on the required collection of surface water samples, characterization of wetlands, air quality monitoring, archeological resources, rock characterization, and the completion of a socio-economic evaluation.
The Rock Creek deposit has many positive attributes that will facilitate its rapid development including close proximity to existing infrastructure, mining and process simplicity, modest capital cost and exploration upside. The project has strong community support and based on the long history of mining in the area, timely approval of all required project permits is anticipated.
Rock Creek Project Overview
The 100% owned Rock Creek Project is located seven miles by road from the city of Nome, Alaska. The million-plus-ounce Rock Creek deposit is exposed at surface and is amenable to open-pit mining. In August, Norwest Corporation completed an independent Economic Assessment Study that demonstrated that the project could be rapidly developed into a mine that would produce an average of 110,000 ounces of gold per year at a total cash cost of less than $200 per ounce and at a capital cost of less than US$40 million.
NovaGold has prioritized advancing the Rock Creek Project to production as part of its strategy to transition from a highly successful pure exploration company to an exploration focused, quality gold producer. Rock Creek would become the first of four new mines that NovaGold intends to bring to production (either directly or with a partner) by the end of the decade with the company’s anticipated share of production reaching 500,000 to 700,000 ounces of gold per year.
The financial analysis from the Independent Economic Assessment Study completed by Norwest Corporation in August 2003 that evaluated the capital costs, operating and processing costs, taxes and royalties for the project showed that Rock Creek could generate a pre-tax rate of return in the range of 19% to 25% at gold price of $325 per ounce. This increases significantly with increases in the price of gold, the table below shows that with each US$25 increase in gold price there is greater than a 35% increase in the after-tax undiscounted Net Present Value. A sensitivity analysis on the project shows that the rate of return is most sensitive to changes in the gold price and grade, followed by changes to the operating costs and then to changes in capital costs.
| Financial Analysis and Gold Price Sensitivity | ||||
| (all amounts US$) | ||||
| Gold Price | Base Case | Upside Target | ||
| $325 | Pre-tax DCF IRR | % | 18.8 | 24.9% |
| After-tax IRR | % | 16.2% | 21.7% | |
| After-Tax | Net Present Value (0%) | $M | $30.3 | $61.8 |
| After-Tax | Net Present Value (5%) | $M | $16.0 | $34.5 |
| Payback Period | ||||
| Yr | ||||
| s | 4.0 | 4.0 | ||
| $350 | Pre-tax DCF IRR | % | 26.2% | 31.6% |
| After-tax IRR | % | 22.2% | 27.3% | |
| After-Tax | Net Present Value (0%) | $M | $42.2 | $80.0 |
| After-Tax | Net Present Value (5%) | $M | $25.0 | $47.2 |
| Payback Period | 3.4 | 3.4 | ||
| Yr | ||||
| s | ||||
| $375 | Pre-tax DCF IRR | % | 33.3% | 38.1% |
| After-tax IRR | % | 28.0% | 32.6% | |
| After-Tax | Net Present Value (0%) | $M | $53.9 | $98.0 |
| After-Tax | Net Present Value (5%) | $M | $33.8 | $59.8 |
| Payback Period | 3.0 | 3.0 | ||
| Yr | ||||
| s | ||||
| $400 | Pre-tax DCF IRR | % | 40.2% | 44.4% |
| After-tax IRR | % | 33.6% | 37.8% | |
| After-Tax | Net Present Value (0%) | $M | $65.0 | $115.4 |
| After-Tax | Net Present Value (5%) | $M | $42.3 | $71.9 |
| Payback Period | 2.5 | 2.5 | ||
| Yr | ||||
| s |
Source: Norwest Corporation, Rock Creek Economic Assessment Study, Aug 2003
About NovaGold NovaGold is a precious metals company focused on the exploration and development of high quality mineral properties in North America. NovaGold is now advancing five separate million-plus-ounce gold deposits in Alaska and Western Canada toward production including two of the largest undeveloped gold deposits in North America, the 25 million ounce Donlin Creek Project in partnership with Placer Dome and the 5 million ounce Galore Creek deposit. NovaGold has 50.2 million shares outstanding, is well financed with no long-term debt, and one of the largest unhedged gold resource bases of any development stage gold company. Other information is available online at: www.novagold.net
| For more information on NovaGold contact: | |
| Greg Johnson, VP Corporate Development | Don MacDonald, CA, Sr Vice President & CFO |
| E-mail: Greg.Johnson@NovaGold.net | E-mail: Don.MacDonald@NovaGold.net |
| (604) 669-6227 Toll Free 1-866-669-6227 | (604) 669-6227 Toll Free 1-866-669-6227 |
| This ‘40FR12G’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| Filed on: | 10/29/03 | None on these Dates | ||
| 10/9/03 | ||||
| List all Filings | ||||