Legislature(2023 - 2024)BUTROVICH 205

04/03/2024 03:30 PM Senate RESOURCES

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Audio Topic
03:32:22 PM Start
03:32:58 PM Confirmation: Department of Environmental Conservation
03:50:25 PM Presentation: Graphite Creek Project
04:18:53 PM Presentation: Donlin Project
04:49:42 PM Adjourn
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ Consideration of Governor’s Appointees: TELECONFERENCED
Commissioner, Department of Environment
Conservation: Emma Pokon
Alaska Commercial Fisheries Entry Commission:
Michael Porcaro
<Above Appointee Removed from Agenda>
-- Invited & Public Testimony --
+ Presentation: Graphite Creek Project Update by TELECONFERENCED
Kevin Torpy, Vice President of Mining, Graphite
One Inc.
+ Presentation: Donlin Project Update by TELECONFERENCED
Kristina Woolston, External Affairs Manager,
Donlin Gold
*+ SB 253 DNR BIG GAME HUNTING PRGRM/PILOT PROJECT TELECONFERENCED
<Bill Hearing Canceled>
-- Testimony <Invitation Only> --
+ Bills Previously Heard/Scheduled TELECONFERENCED
**Streamed live on AKL.tv**
                    ALASKA STATE LEGISLATURE                                                                                  
              SENATE RESOURCES STANDING COMMITTEE                                                                             
                         April 3, 2024                                                                                          
                           3:32 p.m.                                                                                            
                                                                                                                                
                                                                                                                                
MEMBERS PRESENT                                                                                                               
                                                                                                                                
Senator Click Bishop, Co-Chair                                                                                                  
Senator Cathy Giessel, Co-Chair                                                                                                 
Senator Bill Wielechowski, Vice Chair                                                                                           
Senator Scott Kawasaki                                                                                                          
Senator James Kaufman                                                                                                           
Senator Forrest Dunbar                                                                                                          
Senator Matt Claman                                                                                                             
                                                                                                                                
MEMBERS ABSENT                                                                                                                
                                                                                                                                
All members present                                                                                                             
                                                                                                                                
COMMITTEE CALENDAR                                                                                                            
                                                                                                                                
CONFIRMATION HEARING(S):                                                                                                        
                                                                                                                                
Department Of Environment Conservation                                                                                        
Emma Pokon - Anchorage                                                                                                          
                                                                                                                                
     - CONFIRMATION ADVANCED                                                                                                    
                                                                                                                                
PRESENTATION: GRAPHITE CREEK PROJECT                                                                                            
                                                                                                                                
     - HEARD                                                                                                                    
                                                                                                                                
PRESENTATION: DONLIN PROJECT                                                                                                    
                                                                                                                                
     - HEARD                                                                                                                    
                                                                                                                                
PREVIOUS COMMITTEE ACTION                                                                                                     
                                                                                                                                
No previous action to record                                                                                                    
                                                                                                                                
WITNESS REGISTER                                                                                                              
                                                                                                                                
EMMA POKON, Commissioner-Designee                                                                                               
Department of Environmental Conservation                                                                                        
Anchorage, Alaska                                                                                                               
                                                                                                                                
POSITION  STATEMENT:  Testified  as the  governor's  commissioner                                                             
designee to the Department of Environmental Conservation.                                                                     
                                                                                                                                
ILIODOR PHILEMONOF, Government Relations Administrator                                                                          
Calista Corporation                                                                                                             
Anchorage, Alaska                                                                                                               
POSITION STATEMENT:  Testified in  support of the  appointment of                                                             
Commissioner-Designee Pokon.                                                                                                    
                                                                                                                                
KEVIN TORPY, Vice President of Mining                                                                                           
Graphite One                                                                                                                    
Anchorage, Alaska                                                                                                               
POSITION STATEMENT:  Presented an overview of  the Graphite Creek                                                             
Project.                                                                                                                        
                                                                                                                                
KRISTINA WOOLSTON, External Affairs Manager                                                                                     
Donlin Gold                                                                                                                     
Anchorage, Alaska                                                                                                               
POSITION STATEMENT: Presented an update on the Donlin Project.                                                                
                                                                                                                                
ACTION NARRATIVE                                                                                                              
                                                                                                                                
3:32:22 PM                                                                                                                    
CO-CHAIR  CLICK  BISHOP  called  the  Senate  Resources  Standing                                                             
Committee meeting  to order at 3:32  p.m. Present at the  call to                                                               
order  were  Senators  Wielechowski, Kawasaki,  Kaufman,  Dunbar,                                                               
Claman, Co-Chair Bishop, and Co-Chair Giessel.                                                                                  
                                                                                                                                
^Confirmation: Department of Environmental Conservation                                                                         
                    CONFIRMATION HEARING(S):                                                                                
     COMMISSIONER, DEPARTMENT OF ENVIRONMENTAL CONSERVATION                                                                 
                                                                                                                              
3:32:58 PM                                                                                                                    
CO-CHAIR BISHOP  announced the consideration of  the confirmation                                                               
hearing for Emma  Pokon as the commissioner of  the Department of                                                               
Environmental Conservation.                                                                                                     
                                                                                                                                
3:33:39 PM                                                                                                                    
EMMA  POKON, Commissioner-Designee,  Department of  Environmental                                                               
Conservation,  Anchorage,  Alaska,  provided  a  brief  work  and                                                               
education  history.  She  expressed  eagerness  to  continue  her                                                               
career in  public service  in this  role. She  has served  as the                                                               
Deputy Commissioner for over four years  and has over 11 years of                                                               
State service. Prior to DEC, she  worked at the Department of Law                                                               
(DOL) and  had the  opportunity to work  in Fairbanks,  the North                                                               
Slope Borough, and the State  Superior Court. She stated that her                                                               
experience in  environmental law,  backed by her  master's degree                                                               
in the field, equips her to  support the agency and make informed                                                               
decisions.  She stated  that she  feels  well-grounded after  her                                                               
time  at  the department  and  is  confident  in her  ability  to                                                               
contribute to the agency's success.                                                                                             
                                                                                                                                
3:35:29 PM                                                                                                                    
SENATOR   KAWASAKI   noted   that,   as   previously   discussed,                                                               
approximately  99  percent  of environmental  scientists  believe                                                               
that  climate  change has  a  man-made  cause. He  requested  her                                                               
perspective on this fact.                                                                                                       
                                                                                                                                
3:35:52 PM                                                                                                                    
COMMISSIONER-DESIGNEE  POKON  agreed  that   the  weight  of  the                                                               
science  indicates  that  climate  change  is  happening  and  is                                                               
anthropogenically   caused.    She   noted   that    in   Alaska,                                                               
particularly, the  effects are  evident. During  her time  on the                                                               
North Slope,  community members shared their  observations, which                                                               
would concur with this understanding.                                                                                           
                                                                                                                                
3:36:22 PM                                                                                                                    
SENATOR KAWASAKI noted that a  lot of the work requires attention                                                               
to detail,  specifically in research and  dispatching permits for                                                               
air  quality. He  inquired whether  she feels  her department  is                                                               
adequately  staffed   to  take  on  these   responsibilities.  He                                                               
observed that  a dozen years  ago, permits were  relatively quick                                                               
to  obtain, which  was favorable  for  the industry,  but now  it                                                               
seems to  be lagging. He asked  how the state could  address this                                                               
issue.                                                                                                                          
                                                                                                                                
3:37:06 PM                                                                                                                    
COMMISSIONER-DESIGNEE   POKON   expressed   gratitude   for   the                                                               
positions  and resources  provided by  the legislature  in recent                                                               
years.  She  noted  that  resources  discussed  during  the  last                                                               
legislative session  for the  Division of  Air Quality  are being                                                               
allocated  to ensure  permitting can  proceed more  smoothly. The                                                               
department  has received  resources  for the  Division of  Water,                                                               
specifically  for  the  Alaska  Pollutant  Discharge  Elimination                                                               
System (APDES) program  and related work. She  mentioned that new                                                               
positions have  been added  in the  Division of  Spill Prevention                                                               
and  Response. Recognizing  past feedback,  she acknowledged  the                                                               
need  for more  efficient  permitting processes  and stated  that                                                               
these additional resources will be helpful.                                                                                     
                                                                                                                                
3:38:10 PM                                                                                                                    
SENATOR  DUNBAR  said he  sees  the  role  of the  Department  of                                                               
Conservation  as working  hand in  glove with  the Department  of                                                               
Health, noting  that one of its  primary roles is to  protect the                                                               
health and  well-being of Alaskans, particularly  in urban areas.                                                               
He   inquired  about   the  efforts   her  department   might  be                                                               
undertaking  to  resolve  the health  challenges  resulting  from                                                               
unlined landfills  in rural Alaska.  He also asked what  she sees                                                               
as the  largest threats to  water quality  for the public  in the                                                               
state and what she might propose to do about it.                                                                                
                                                                                                                                
3:39:16 PM                                                                                                                    
COMMISSIONER-DESIGNEE  POKON  recognized that  unlined  landfills                                                               
are  a concern,  as there  may be  leaching or  other sources  of                                                               
impact from  those sites. She  acknowledged the  challenges rural                                                               
communities face regarding the logistics  and costs of installing                                                               
liners for established landfills.  The department's mission is to                                                               
protect human  health and the environment  while also considering                                                               
the economic and  social well-being of Alaskans.  As they address                                                               
issues like  unlined landfills, it  is important to  evaluate the                                                               
feasibility for  communities, considering costs and  the relative                                                               
risks of  specific solutions. She  agreed that  unlined landfills                                                               
are  not ideal,  but  she did  not have  specific  steps in  mind                                                               
regarding  actions with  particular communities.  She noted  that                                                               
the EPA  concurs with assessing  practices based on  the totality                                                               
of  circumstances. The  department  aims to  monitor how  unlined                                                               
landfills  impact  water  quality,  particularly  drinking  water                                                               
sources,  and respond  where necessary.  Regarding water  quality                                                               
challenges around the  state, she mentioned that  the Division of                                                               
Water prepares a  periodic list identifying water  bodies that do                                                               
not meet  state water  quality standards. This  list is  a useful                                                               
resource  for   understanding  where   water  quality   is  being                                                               
affected. Factors  contributing to  water quality  impairment can                                                               
include proximity to roads and  runoff. For regulated facilities,                                                               
the  department conducts  a robust  permitting process  to ensure                                                               
any  discharges   to  water  bodies   are  protective   of  those                                                               
environments,   including  human   and   fish  consumption.   For                                                               
permitted discharges,  there is  confidence that human  health is                                                               
being   safeguarded.   However,   risks  arise   from   unplanned                                                               
discharges or releases,  which can occur. The  department aims to                                                               
ensure an appropriate response to  clean up where necessary or to                                                               
address any negligence leading to such releases.                                                                                
                                                                                                                                
3:43:09 PM                                                                                                                    
SENATOR CLAMAN  noted that there  have been  numerous discussions                                                               
about  SPAR funding  and expressed  concern  that the  challenges                                                               
regarding  the lack  of  funding for  the  SPAR division  haven't                                                               
changed  significantly.  He  mentioned  that  accounting  changes                                                               
related  to the  fiscal  year make  it seem  as  though the  SPAR                                                               
budget is in  better condition than it actually is.  He asked for                                                               
her  perspective on  this  issue, stating  that  he continues  to                                                               
worry about  the lack  of funding  for the  SPAR budget,  even as                                                               
budget presentations suggest that  the problem has been resolved.                                                               
He  inquired about  the metrics  and overall  perspective on  the                                                               
funding situation.                                                                                                              
                                                                                                                                
3:43:54 PM                                                                                                                    
COMMISSIONER-DESIGNEE POKON expressed  her understanding that the                                                               
phenomenon  observed in  the  budget  presentations, where  there                                                               
appeared  to be  a  double  deposit in  one  year, resulted  from                                                               
legislative direction to  place money into a fund.  This fund was                                                               
established  to ensure  continuous  funding  for operations  amid                                                               
budgetary concerns and sweep issues.  She clarified that this was                                                               
not  an accounting  trick  to create  a  more favorable  picture;                                                               
rather, it was  a legislative decision to deposit  funds into the                                                               
account before the  end of the fiscal year,  preventing the money                                                               
from  disappearing during  the sweep.  She acknowledged  that the                                                               
current  balance in  the account  is  approximately $18  million,                                                               
with projections  indicating a decline  to around $14  million in                                                               
10 years. While this represents  a manageable decline rather than                                                               
a fiscal  cliff scenario, she  noted that this forecast  does not                                                               
account for investment earnings.  She highlighted that investment                                                               
earnings  for the  current year  are around  $2.3 million,  while                                                               
last  year's earnings  were  approximately  $2 million.  Although                                                               
these earnings  are uncertain and  not included in  the forecast,                                                               
they represent potential inflow. Cost  recovery is coming in, and                                                               
there  are significant  settlements potentially  on the  horizon.                                                               
She  expressed confidence  in the  division's current  status but                                                               
acknowledged the  responsibility to ensure that  the division has                                                               
the necessary  funding to continue its  work should circumstances                                                               
change.                                                                                                                         
                                                                                                                                
3:46:25 PM                                                                                                                    
CO-CHAIR BISHOP  expressed appreciation to the  committee members                                                               
for spending  the day at Usibelli  Coal Mine. He noted  the value                                                               
of learning  about the  industry from the  ground up  and thanked                                                               
everyone for  taking the  time to  deepen their  understanding of                                                               
the coal mining process.                                                                                                        
                                                                                                                                
3:46:53 PM                                                                                                                    
CO-CHAIR  BISHOP opened  public testimony  on the  appointment of                                                               
Commissioner-Designee Pokon.                                                                                                    
                                                                                                                                
3:47:16 PM                                                                                                                    
ILIODOR PHILEMONOF,  Government Relations  Administrator, Calista                                                               
Corporation,  Anchorage,  Alaska,  testified in  support  of  the                                                               
confirmation of Ms.  Pokon. He said he believes  the candidate is                                                               
outstanding  and will  serve admirably  as DEC  Commissioner. She                                                               
has been a great advocate and communicator for many communities.                                                                
                                                                                                                                
3:47:46 PM                                                                                                                    
CO-CHAIR  BISHOP closed  public testimony  on the  appointment of                                                               
Ms. Pokon.                                                                                                                      
                                                                                                                                
3:47:51                                                                                                                         
CO-CHAIR BISHOP solicited a motion.                                                                                             
                                                                                                                                
3:47:53 PM                                                                                                                    
CO-CHAIR GIESSEL  moved Emma Pokon, Commissioner-Designee  to the                                                               
Department of  Conservation, be forwarded  to a Joint  Session of                                                               
the legislature for consideration.                                                                                              
                                                                                                                                
Signing  the  report(s)  regarding  appointments  to  boards  and                                                               
commissions in  no way reflects  individual members'  approval or                                                               
disapproval  of  the  appointees;   the  nominations  are  merely                                                               
forwarded to the full legislature for confirmation or rejection.                                                                
                                                                                                                                
3:48:17 PM                                                                                                                    
CO-CHAIR  BISHOP   found  no  objection;   he  stated   that,  in                                                               
accordance  with  AS  39.05.080, the  Senate  Resources  Standing                                                               
Committee reviewed  the following and recommends  the appointment                                                               
be forwarded to a joint session for consideration:                                                                              
                                                                                                                                
Commissioner - Department of Conservation                                                                                     
Emma Pokon - Anchorage                                                                                                          
                                                                                                                                
3:48:28 PM                                                                                                                    
At ease                                                                                                                         
                                                                                                                                
^Presentation: Graphite Creek Project                                                                                           
              PRESENTATION: GRAPHITE CREEK PROJECT                                                                          
                                                                                                                                
3:50:25 PM                                                                                                                    
CO-CHAIR  BISHOP   reconvened  the  meeting  and   announced  the                                                               
consideration of a presentation on the Graphite Creek Project.                                                                  
                                                                                                                                
3:51:06 PM                                                                                                                    
KEVIN TORPY,  Vice President of Mining,  Graphite One, Anchorage,                                                               
Alaska, presented an  overview of the Graphite  Creek Project. He                                                               
shared his background as a  mining engineer with approximately 28                                                               
years   of  experience   in   late-stage   exploration  and   the                                                               
construction   of  mining   operations,  primarily   in  northern                                                               
regions. His  Alaska experience includes  work at  the Kensington                                                               
and Pogo  mines, as well as  the Ambler Metals project.  He noted                                                               
that Graphite One  Alaska owns the Graphite Creek  project and is                                                               
a  wholly  owned subsidiary  of  Graphite  One Inc.,  a  Canadian                                                               
company based in Vancouver, British Columbia.                                                                                   
                                                                                                                                
3:51:51 PM                                                                                                                    
MR. TORPY moved to slide 2 and previewed a disclosure statement.                                                                
                                                                                                                                
3:52:00 PM                                                                                                                    
MR. TORPY moved  to slide 3 and described the  graphite crisis in                                                               
America:                                                                                                                        
                                                                                                                                
[Original punctuation provided.]                                                                                                
                                                                                                                                
     America's Graphite Crisis                                                                                                
                                                                                                                              
     100 percent                                                                                                              
       U.S. import reliance on China as primary graphite                                                                        
     import source                                                                                                              
     U.S. GEOLOGICAL SURVEY                                                                                                     
                                                                                                                              
     70 percent                                                                                                               
     of the world's graphite supply comes from China                                                                            
     REUTERS                                                                                                                    
                                                                                                                              
     95 percent                                                                                                               
      of anode materials in lithium-ion batteries is based                                                                      
     on graphite                                                                                                                
     EUROPEAN CARBON & GRAPHITE ASSOCIATION                                                                                     
                                                                                                                              
     494 percent                                                                                                              
     Expected growth of the graphitemarketby2050                                                                                
     WORLD BANK GROUP                                                                                                           
                                                                                                                              
     2,500 percent                                                                                                            
     Expected growth of graphite demand by 2040                                                                                 
     JOE BIDEN'S 100-DAY REPORT                                                                                                 
                                                                                                                              
     15:1                                                                                                                     
     Ratio of graphite to lithium in electric car batteries                                                                     
     LOMIKO METALS                                                                                                              
     The Need for Graphite - Lomiko Metals Inc.                                                                                 
                                                                                                                                
MR. TORPY  acknowledged that  this committee  was briefed  by the                                                               
Alaska  Miners Association  (AMA)  a few  weeks  ago on  critical                                                               
minerals, including  some information  on graphite.  He indicated                                                               
that he would not belabor the  point by going through the numbers                                                               
in  great   detail  but  emphasized  that,   like  many  critical                                                               
minerals, the  United States  has fallen far  behind in  both the                                                               
mining of these ores and the raw production material.                                                                           
                                                                                                                                
3:52:47 PM                                                                                                                    
CO-CHAIR GIESSEL  inquired about  the second point  regarding the                                                               
graphite supply, noting  that 70 percent of  the world's graphite                                                               
supply comes from China. She  asked whether the graphite actually                                                               
comes  from China  or if  it is  refined and  then exported  from                                                               
China, questioning if the real  source of the critical mineral is                                                               
another country.                                                                                                                
                                                                                                                                
3:53:05 PM                                                                                                                    
MR. TORPY replied that, regarding  raw natural graphite material,                                                               
much of it is  mined in China as well as  in other countries such                                                               
as Europe and  Mozambique. He noted that, for the  most part, all                                                               
refininguntil  very recentlyhas  occurred  in China to provide an                                                               
anode  product.  He  observed  that the  U.S.  has  seen  minimal                                                               
production  come online  in the  past  year, along  with a  small                                                               
amount  from Canada,  but  emphasized that  the  U.S. is  decades                                                               
behind China's efforts in this area.                                                                                            
                                                                                                                                
3:53:51 PM                                                                                                                    
MR.  TORPY  moved to  slide  4  and  explained the  supply  chain                                                               
solution:                                                                                                                       
                                                                                                                                
[Original punctuation provided.]                                                                                                
                                                                                                                                
     Graphite One's Supply Chain Solution                                                                                     
                                                                                                                              
     Meet demand graphite to decrease dependency on China                                                                       
                                                                                                                                
     Graphite One (Alaska) Inc.                                                                                               
        • Advance America's largest graphite deposit                                                                            
        • Raw material                                                                                                          
        • Graphite Creek is the largest natural flake                                                                           
          graphite deposit in the US                                                                                            
        • 300+ jobs created in rural Alaska                                                                                     
        • Foster partnerships                                                                                                   
        • Community engagement                                                                                                  
        • BSNC investment support                                                                                               
                                                                                                                                
      Create America's first advanced anode manufacturing                                                                     
     AND battery recycling facilities                                                                                         
        • Plan to produce both natural graphite and                                                                             
          artificial graphite anode materials                                                                                   
        • 400+ est. high-tech jobs created in the US                                                                            
        • Clean and renewable energy                                                                                            
        • Technology License Agreement (TLA)                                                                                    
        • G1 to own 100 percent of the Infrastructure and                                                                       
          Plant                                                                                                                 
        • Facility engineering to accept used EV batteries                                                                      
          for feedstock                                                                                                         
                                                                                                                                
MR.  TORPY  said  that,  unlike metal  mining  in  Alaska,  which                                                               
typically involves  creating a  doré or  concentrate for  sale to                                                               
smelters,  Graphite One's  vision is  to establish  a fully  U.S.                                                               
domestic  supply  chain  rather  than  selling  natural  graphite                                                               
concentrate to  China or other countries  for further refinement.                                                               
He  explained that  the goal  is  to develop  the Graphite  Creek                                                               
project in  Alaska to supply  natural flake graphite,  which will                                                               
then be  sent to a secondary  treatment facility in the  lower 48                                                               
states. There, it  will be purified and  combined with artificial                                                               
graphite  products to  produce anode  batteries for  the electric                                                               
vehicle  market. However,  the  challenge lies  in the  secondary                                                               
treatment  and  the  lack  of   processing  technology  that  has                                                               
developed in the United States over the last several decades.                                                                   
                                                                                                                                
3:55:09 PM                                                                                                                    
SENATOR CLAMAN asked  why the manufacturing of  the raw material,                                                               
as described in the model, is  planned to take place in the lower                                                               
48 states instead of in Alaska.                                                                                                 
                                                                                                                                
3:55:23 PM                                                                                                                    
MR.  TORPY  said  he  would   address  the  topic  later  in  the                                                               
presentation.                                                                                                                   
                                                                                                                                
3:55:41 PM                                                                                                                    
MR. TORPY moved to slide 5 and spoke to the project location:                                                                   
                                                                                                                                
[Original punctuation provided.]                                                                                                
                                                                                                                                
     Project Location                                                                                                         
                                                                                                                                
        • 38 miles north of Nome                                                                                                
        • Between the Imuruk Basin and the Kigluaik                                                                             
          Mountains                                                                                                             
        • 176 State Mining Claims                                                                                               
                                                                                                                                
MR. TORPY said the projects  are located on the Seward Peninsula,                                                               
about 38  miles north of  Nome, just  north of the  Inward Basin.                                                               
The property is fully located  on state mining claims. Operations                                                               
are conducted  seasonally in  three areas  at the  Graphite Creek                                                               
project, marked by a yellow star.  There is a camp at the project                                                               
site and a small camp on  the outskirts of Nome. Staging areas on                                                               
Cougar  Rock Road,  permitted by  the  state, are  used to  stage                                                               
freight  and fuel.  Supplies  are transported  by  road to  these                                                               
areas before being flown by helicopter to the project.                                                                          
                                                                                                                                
3:56:33 PM                                                                                                                    
MR. TORPY moved to slide 6 and detailed the Graphite Creek Camp:                                                                
                                                                                                                                
[Original punctuation provided.]                                                                                                
                                                                                                                                
     Graphite Creek Camp                                                                                                      
                                                                                                                                
        • 60-person capacity, supporting                                                                                        
        • Drilling                                                                                                              
        • Helicopter support                                                                                                    
        • Environmental baseline monitoring                                                                                     
                                                                                                                                
MR.  TORPY stated  that the  60-person camp  at the  project site                                                               
operates  seasonally from  June to  early October.  Activities at                                                               
the site  include drilling the  deposit and  providing helicopter                                                               
support for  both drilling operations and  baseline environmental                                                               
monitoring,  which is  also  conducted  seasonally. He  expressed                                                               
hope to discuss the environmental monitoring further.                                                                           
                                                                                                                                
3:57:05 PM                                                                                                                    
MR. TORPY moved to slide 7 and summarized the Nome camp:                                                                        
                                                                                                                                
[Original punctuation provided.]                                                                                                
                                                                                                                                
     Nome Camp                                                                                                                
                                                                                                                              
        • 24-person capacity, supporting                                                                                        
        • Core logging                                                                                                          
        • Core cutting                                                                                                          
        • Sample preparation                                                                                                    
        • Expediting                                                                                                            
        • Transitional housing                                                                                                  
                                                                                                                                
MR.  TORPY  explained  that  the   small  camp  on  the  northern                                                               
outskirts of Nome, near the  satellite fields, serves as the site                                                               
where all  drill core is  flown in. At this  facility, geologists                                                               
log and prepare  the core for assaying before it  is shipped off-                                                               
site. The  facility is  also used  to stage  all freight  for the                                                               
project.                                                                                                                        
                                                                                                                                
3:57:38 PM                                                                                                                    
MR. TORPY moved to slide 8 and spoke to exploration history:                                                                    
                                                                                                                                
[Original punctuation provided.]                                                                                                
                                                                                                                                
     Exploration History                                                                                                      
                                                                                                                                
        • Early 1900's - Minor mining production in two                                                                         
          campaigns                                                                                                             
        • 1943 - Sampling & mapping by the USGS                                                                                 
        • 1981 - Sampling by Anaconda Company                                                                                   
                                                                                                                                
MR.  TORPY noted  that that  attempts  at commercial  development                                                               
date  back to  the early  1900s, although  native peoples  in the                                                               
region had long been aware  of the graphite deposits. Since 2011,                                                               
when Graphite One became involved,  several years of drilling and                                                               
studies  have  been  conducted.  Last  year  marked  the  largest                                                               
program to  date, with over  8,700 meters (about 28,000  feet) of                                                               
core drilled.                                                                                                                   
                                                                                                                                
3:58:26 PM                                                                                                                    
MR. TORPY moved to slide 9  and spoke to the prefeasibility study                                                               
from 2022:                                                                                                                      
                                                                                                                                
[Original punctuation provided.]                                                                                                
                                                                                                                                
     2022 Prefeasibility Study Results                                                                                        
                                                                                                                                
        • Open pit mining operation with conventional                                                                           
          crushing, grinding, and flotation circuit2,800                                                                        
          tonnes per day mill throughout                                                                                        
        • 2.2:1 stripping ratio                                                                                                 
                                                                                                                                
        • Co-disposal of waste rock with dry stack tailings                                                                     
        • ~18-mile access road                                                                                                  
        • 22-year mine life                                                                                                     
        • Concentrate barged from Nome to Lower 48                                                                              
          seasonally                                                                                                            
        • Secondary Treatment Plant (STP) and anode                                                                             
          Manufacturing Facility                                                                                                
                                                                                                                                
     "The  largest  known  graphite deposit  in  the  United                                                                    
     States is  the Graphite  Creek deposit in  Alaska where                                                                    
     recent industry  exploration has identified  a measured                                                                    
     and indicated resources of more than 10 million metric                                                                     
     tonnes of ore with 7.8 to 8.0 percent graphite"                                                                            
                                                                                                                                
MR. TORPY  said the exploration  history dates back to  the early                                                               
1900s, with a few attempts  to establish commercial operations in                                                               
the  area.  Predating  these efforts,  the  native  peoples  were                                                               
already  aware  of  the  graphite   deposits.  Since  2011,  when                                                               
Graphite One became  involved with the project,  several years of                                                               
drilling and  studies have taken  place. This culminated  in last                                                               
year's  largest  program  to  date,   where  over  8,700  meters,                                                               
approximately 28,000 feet, of core were drilled.                                                                                
                                                                                                                                
4:00:09 PM                                                                                                                    
CO-CHAIR BISHOP  inquired about  the quality of  the core  box on                                                               
the photo on the far-right side of slide 9.                                                                                     
                                                                                                                                
4:00:22 PM                                                                                                                    
MR. TORPY replied yes, that is the case.                                                                                        
                                                                                                                                
4:00:38 PM                                                                                                                    
MR. TORPY moved to slide 10 and spoke to the steps forward:                                                                     
                                                                                                                                
[Original punctuation provided.]                                                                                                
                                                                                                                                
     Where to next?                                                                                                           
     2022 Prefeasibility Study                                                                                                
                                                                                                                                
        • 2,800 tpd mill                                                                                                        
        • 9,436 tpd mine (ore + waste)                                                                                          
        • 53,000 tpy graphite concentrate                                                                                       
        • STP   26-year   annual   production   75,026   tpy                                                                    
          including 49,624 tpy anode materials                                                                                  
                                                                                                                                
     Feasibility Study Target                                                                                                 
                                                                                                                                
        • 10,000 tpd mill                                                                                                       
        • ~33,700 tpd mine                                                                                                      
        • 175,000 tpy graphite concentrate                                                                                      
        • 22-year mine life                                                                                                     
                                                                                                                                
     Feasibility Study targets improving economics by                                                                         
                                                                                                                              
        • Significantly lowering the operating cost per                                                                         
          tonne of graphite concentrate produced                                                                                
        • Minimally increasing headcount but with up to 3.6                                                                     
          x increased throughput                                                                                                
                                                                                                                                
MR. TORPY  mentioned that  the current  production rate  of 2,800                                                               
tons per day is low and  carries high costs, especially given the                                                               
size of  the deposit and  the changing market dynamics.  He noted                                                               
that  recent  forecasts  on  the   electric  vehicle  market  and                                                               
feedback from car  manufacturers indicate a demand  for much more                                                               
than  the current  production capacity.  In response,  a drilling                                                               
program was  initiated to increase production  capacity to 10,000                                                               
tons per day,  which would align with the scale  of operations at                                                               
Red Dog.  Due to the  extensive trend, approximately  20,000 feet                                                               
were  drilled last  year. The  team  believes they  will be  well                                                               
positioned with  the feeder zone  they are currently  working on,                                                               
aiming to maintain a mine life of  over 20 years at a rate of 3.6                                                               
times throughput.  The study is  expected to be completed  by the                                                               
end of the year.                                                                                                                
                                                                                                                                
4:02:06 PM                                                                                                                    
SENATOR DUNBAR asked how much annual revenue is anticipated.                                                                    
                                                                                                                                
4:02:25 PM                                                                                                                    
MR.  TORPY replied  that he  could  not provide  an answer  until                                                               
after study is completed.                                                                                                       
                                                                                                                                
4:02:47 PM                                                                                                                    
SENATOR DUNBAR asked if the  company is publicly traded. He noted                                                               
that  the  committee chair  and  others  are interested  in  this                                                               
information. In  the pre-feasibility study, there  must have been                                                               
discussions  about  financials,  which he  believes  represent  a                                                               
significant  portion   of  the  overall  financial   picture.  He                                                               
requested  a  rough  estimate  of the  revenue  scale  and  asked                                                               
whether it involves  hundreds of thousands, millions,  or tens of                                                               
millions of dollars.                                                                                                            
                                                                                                                                
4:03:15 PM                                                                                                                    
MR. TORPY  replied that  Graphite One is  publicly traded  on the                                                               
Vancouver Stock  Exchange He said  he does  not have the  data in                                                               
hand but would report back to the committee.                                                                                    
                                                                                                                                
4:03:45 PM                                                                                                                    
MR. TORPY moved to slide  11 and explained environmental baseline                                                               
monitoring:                                                                                                                     
                                                                                                                                
[Original punctuation provided.]                                                                                                
                                                                                                                                
     Environmental Baseline Monitoring                                                                                        
                                                                                                                                
        • Various    levels   of    environmental   baseline                                                                    
          monitoring since 2014 to support eventual NEPA                                                                        
          permitting process                                                                                                    
        • Cultural                                                                                                              
        • Surface & ground water                                                                                                
        • Raptor surveys                                                                                                        
        • Aquatic species                                                                                                       
        • Imuruk Basin bathymetry                                                                                               
        • Geochemical                                                                                                           
        • Hydrogeologic                                                                                                         
        • Meteorological                                                                                                        
        • Wetlands mapping                                                                                                      
                                                                                                                                
MR. TORPY stated  that in preparation for  informing the upcoming                                                               
feasibility study  and likely entering the  permitting phase next                                                               
year,   extensive  environmental   baseline  studies   are  being                                                               
conducted.  He  emphasized that  this  year's  focus will  be  on                                                               
permafrost and geotechnical studies.                                                                                            
                                                                                                                                
4:04:22 PM                                                                                                                    
MR. TORPY moved to slide 12 and spoke to community outreach:                                                                    
                                                                                                                                
[Original punctuation provided.]                                                                                                
                                                                                                                                
     Community Outreach                                                                                                       
        • Community meetings since 2014 with emphasis on                                                                        
          Brevig Mission, Teller, and Nome.                                                                                     
       • Subsistence Advisory Council established in 2018                                                                       
        • Initially Brevig Mission, Teller, and Mary's                                                                          
          Igloo.                                                                                                                
        • Expanded to include BSNC, Nome Eskimo Community,                                                                      
          and King Island Tribal Council in 2023                                                                                
        • Increasing local hiring                                                                                               
        • Working with local resources on long term                                                                             
          workforce development needs                                                                                           
        • 2023 Investment Agreement with BSNC sets up                                                                           
          scholarships and community project funding                                                                            
                                                                                                                                
MR. TORPY said  Graphite One has been  making significant efforts                                                               
since  2014 to  engage with  local communities,  particularly the                                                               
villages of the Brevig, Mission, Teller  and the city of Nome. In                                                               
2018, a supervisory committee was  formed to incorporate feedback                                                               
from  tribal organizations  to  minimize  impacts on  subsistence                                                               
activities in  the area. This council  was originally established                                                               
with input from  the Brevig Mission and Mary's  Igloo. Last year,                                                               
the committee  was expanded  to include  the Bering  Strait City,                                                               
the  Kotzebue Eskimo  community,  and the  Kigigak Island  Tribal                                                               
Council. He  initiated a major  push to prioritize  direct hiring                                                               
instead of relying  on contractors, who had  not been effectively                                                               
engaging in  local hiring.  This focus has  been a  priority over                                                               
the past  year and  will continue moving  forward. He  added that                                                               
they  are  grateful to  have  Bering  Straits Native  Corporation                                                               
invest  in the  company last  year,  which also  resulted in  the                                                               
company  establishing scholarship  funding and  community project                                                               
funding for all three of the communities involved.                                                                              
                                                                                                                                
4:05:50 PM                                                                                                                    
MR. TORPY moved to slide 13 and spoke to economic impacts:                                                                      
                                                                                                                                
[Original punctuation provided.]                                                                                                
                                                                                                                                
     Economic Impacts                                                                                                         
                                                                                                                                
        • 6 fulltime Alaska residents                                                                                           
        • 1 Fulltime & 22 seasonal regional residents                                                                           
        • 2023 Payroll Impacts$1.9M to Alaska Residents                                                                         
        • $582K to regional residents                                                                                           
        • Similar numbers expected for 2024                                                                                     
        • $31.2M in goods & services to Alaska businesses                                                                       
          since 2021, including $5.5M to Seward Peninsula                                                                       
          based businesses                                                                                                      
                                                                                                                                
MR.  TORPY   said  there  are  currently   six  full-time  Alaska                                                               
residents  working on  the  project, while  the  majority of  the                                                               
staff is  seasonal to  support the summer  program. There  is one                                                               
full-time  employee  in  Nome,   and  last  summer,  the  project                                                               
employed 22  seasonal regional residents across  both the company                                                               
and its  contractors. He  noted that  the payroll  impact appears                                                               
modest,  totaling  $1.9 million  to  Alaska  residents and  about                                                               
$500,000  to  regional  residents, primarily  over  a  four-month                                                               
period.  Despite  this,  these  figures  are  meaningful  to  the                                                               
communities involved.  The project  has had a  significant impact                                                               
on  Alaska businesses,  contributing approximately  $31.2 million                                                               
to businesses statewide, with  $5.5 million benefiting businesses                                                               
on the Seward Peninsula.                                                                                                        
                                                                                                                                
4:07:05 PM                                                                                                                    
SENATOR CLAMAN  asked for  the current  estimate of  the earliest                                                               
point  in time  when  production  from the  mine  is expected  to                                                               
commence.                                                                                                                       
                                                                                                                                
4:07:14 PM                                                                                                                    
MR.  TORPY replied  that  he  has a  slide  coming  up that  will                                                               
outline the project's timeline for the next several years.                                                                      
                                                                                                                                
4:07:31 PM                                                                                                                    
MR. TORPY moved to slide 14  and spoke to the secondary treatment                                                               
plan:                                                                                                                           
                                                                                                                                
[Original punctuation provided.]                                                                                                
                                                                                                                                
     Secondary Treatment Plant                                                                                                
        • Graphite Creek concentrate to be shipped to Lower                                                                     
          48  recently announced Ohio location                                                                                  
        • Alternative power to be used to mill, shape, and                                                                      
          purify / graphitize input materials into the                                                                          
          following products                                                                                                    
        • Natural and artificial graphite products produced                                                                     
                                                                                                                                
     Anode Materials                                                                                                          
        • Li-ion Batteries                                                                                                      
        • 4 anode products                                                                                                      
                                                                                                                                
     Purified Graphite Products                                                                                               
        • 99 percent Cg                                                                                                         
        • Conventional,   non-lithium-ion    battery   anode                                                                    
          industry                                                                                                              
                                                                                                                                
     Unpurified Graphite Products                                                                                             
        • 95 percent Cg                                                                                                         
        • Traditional graphite markets such as refractory                                                                       
          materials, lubricants, etc.                                                                                           
                                                                                                                                
MR.  TORPY said  that  the secondary  treatment process  involves                                                               
purifying both  the natural graphite  produced at  Graphite Creek                                                               
and  artificial  graphite  products,   which  are  essential  for                                                               
battery  construction. The  graphite produced  will meet  various                                                               
grades,   with  the   quality  and   properties  of   each  split                                                               
determining its end-use. Higher purity  products will be used for                                                               
anode  materials  in   lithium-ion  batteries,  representing  the                                                               
premium  segment of  the  output. Lesser  pure  products will  be                                                               
directed  to conventional  non-lithium-ion batteries.  The lower-                                                               
grade,  less purified  graphite will  be utilized  in traditional                                                               
markets, such as lubricants and refractory materials.                                                                           
                                                                                                                                
4:08:54 PM                                                                                                                    
MR. TORPY moved to slide 15 and explained secondary treatment:                                                                  
                                                                                                                                
[Original punctuation provided.]                                                                                                
                                                                                                                                
     Why Not Secondary Treatment in Alaska?                                                                                   
                                                                                                                                
        • Lower cost and more abundant power in Lower 48PFS                                                                     
          Phase I - 85.9 MW Connected / 54.3 MW Peak                                                                            
        • PFS Phase II  110 MW Connected / 66.5 MW Peak                                                                         
        • Lower carbon footprint more attractive to                                                                             
          investors interested in the graphite / BEV sector                                                                     
        • Access to ports for incoming concentrate and                                                                          
          other precursor materials                                                                                             
        • Access to transportation systems for delivery of                                                                      
          battery anodes in the USA and to Europe                                                                               
                                                                                                                                
MR. TORPY  explained why secondary  treatment is not  feasible in                                                               
Alaska,  citing two  main reasons:  limited  available power  and                                                               
restricted access to transportation  and supply chains. Referring                                                               
to  data  from  a  previous  building  study,  he  described  how                                                               
treating concentrates  from a 2,800-ton-per-day  mining operation                                                               
is  highly  energy-intensive.  The  graphite must  be  heated  to                                                               
thousands of degrees for purification,  requiring 86 megawatts of                                                               
connected power in  phase one, with 119 megawatts  in the longer-                                                               
term phase.  The plan is  to increase natural graphite  output by                                                               
3.6 times, which would demand  even more power. He emphasized the                                                               
importance  of affordable  and low-carbon  energy and  noted that                                                               
investors in  the graphite electric  vehicle sector  prioritize a                                                               
minimal carbon footprint.                                                                                                       
                                                                                                                                
4:10:33 PM                                                                                                                    
SENATOR WIELECHOWSKI  asked how  many megawatts are  required for                                                               
the mining operation  and inquired about the plan  to provide the                                                               
necessary power.                                                                                                                
                                                                                                                                
4:10:41 PM                                                                                                                    
MR. TORPY replied that the plan  is to sync it with a feasibility                                                               
study  at  ten  thousand  tons   per  day  and  approximately  30                                                               
megawatts  of  power will  be  needed.  Currently, without  other                                                               
solutions,  the operation  would  rely on  diesel,  which is  the                                                               
basis of  the study.  He expressed hope  that mini  nuclear power                                                               
could  gain traction  in  the  future. Additionally,  discussions                                                               
with  Kawerak  are  underway regarding  the  potential  of  their                                                               
Tolovana  Hot  Springs  to  provide   geothermal  energy  to  the                                                               
project, though  it is in  the early  stages and not  expected to                                                               
serve as a base case in the study.                                                                                              
                                                                                                                                
4:11:28 PM                                                                                                                    
SENATOR  WIELECHOWSKI  inquired  about   the  planned  route  for                                                               
transporting the product to the Lower 48 by March.                                                                              
                                                                                                                                
4:11:38 PM                                                                                                                    
MR.  TORPY  replied that  Graphite  One  anticipates barging  the                                                               
product from Nome to either  Seattle or Prince Rupert Port, after                                                               
which it would be transported by rail to Ohio.                                                                                  
                                                                                                                                
4:12:01 PM                                                                                                                    
SENATOR DUNBAR  asked about the  low-carbon power source  in Ohio                                                               
that investors  are seeking,  noting that  Ohio is  not typically                                                               
associated with large-scale hydroelectric  power like Hoover Dam.                                                               
He inquired  if there  is a significant  hydro power  plant there                                                               
and sought clarification on the  power generation in Ohio that is                                                               
currently competitive.                                                                                                          
                                                                                                                                
4:12:30 PM                                                                                                                    
MR.  TORPY stated  that Graphite  One has  been in  communication                                                               
with nuclear power providers.                                                                                                   
                                                                                                                                
4:12:48 PM                                                                                                                    
MR. TORPY  explained that  beyond the need  for power,  access to                                                               
the  supply  chain  is  crucial   for  obtaining  the  precursors                                                               
required for  the artificial side  of the  process. Additionally,                                                               
proximity to  the supply chain  allows for efficient  delivery of                                                               
the finished product to car manufacturers.                                                                                      
                                                                                                                                
4:13:14 PM                                                                                                                    
MR.  TORPY moved  to  slide 16  and spoke  to  the Department  of                                                               
Defense Technology Investment Agreement:                                                                                        
                                                                                                                                
[Original punctuation provided.]                                                                                                
                                                                                                                                
     Department of Defense Technology Investment Agreement                                                                    
     July 17,  2023, Graphite One (Alaska)  Inc. was awarded                                                                    
     a  $37.5M   Department  of  Defense   (DoD)  Technology                                                                    
     Investment  Agreement  (TIA)  under Title  III  of  the                                                                    
     Defense  Production   Act  (DPA)  funded   through  the                                                                    
     Inflation Reduction Act.                                                                                                   
                                                                                                                                
     The  goal  of the  TIA  is  to perform  an  accelerated                                                                    
     Feasibility  Study  to  modernize and  expand  domestic                                                                    
     production  capacity and  supply  for graphite  battery                                                                    
     anodes   necessary   for    electronic   vehicles   and                                                                    
     alternative energy batteries,  as an essential national                                                                    
     defense technology item.                                                                                                   
                                                                                                                                
MR. TORPY  noted that DoD will  fund 50 percent of  the project's                                                               
costs, up to $37.5 million,  to support efforts toward completing                                                               
the feasibility  study. He emphasized the  critical importance of                                                               
graphite  to  U.S.  security  and   noted  that  China  currently                                                               
dominates  the  graphite  market.  He  added  that  without  this                                                               
assistance, it would  be unlikely that the  project could advance                                                               
independently.                                                                                                                  
                                                                                                                                
4:14:12 PM                                                                                                                    
MR. TORPY  moved to slide  17 and  spoke to state  and delegation                                                               
support, showcasing  quotes from  public officials.  He expressed                                                               
gratitude for  the bipartisan support from  the local delegation,                                                               
including Governor Dunleavy,  Senator Sullivan, and Congresswoman                                                               
Peltola.   He   specifically  highlighted   Senator   Murkowski's                                                               
instrumental role  in supporting the project,  noting that within                                                               
two days  of visiting the site  last year, she was  on the Senate                                                               
floor advocating for the project.                                                                                               
                                                                                                                                
4:14:54 PM                                                                                                                    
MR. TORPY moved to slide 18 and detailed the project timeline:                                                                  
                                                                                                                                
[Original punctuation provided.]                                                                                                
                                                                                                                                
     Project Timeline                                                                                                         
                                                                                                                              
     2024:                                                                                                                    
     Complete Feasibility Study                                                                                                 
                                                                                                                              
     2025  2027:                                                                                                              
     Permitting, Detailed Engineering                                                                                           
                                                                                                                              
     2027  2029:                                                                                                              
     Construction                                                                                                               
                                                                                                                              
     2029+:                                                                                                                   
     Operations                                                                                                                 
                                                                                                                                
MR. TORPY  mentioned that  Graphite One is  on track  to complete                                                               
drilling  this year,  which will  provide  the final  information                                                               
needed for the feasibility study  expected to be published by the                                                               
end of  the year. He indicated  a desire to enter  the permitting                                                               
process afterward, estimating  that it may take  about two years,                                                               
followed by an optimistic two  years for construction. Operations                                                               
and production of concentrates are anticipated to begin in 2030.                                                                
                                                                                                                                
4:15:37 PM                                                                                                                    
SENATOR  KAUFMAN inquired  about the  project's global  standing,                                                               
asking  how  it  compares  in terms  of  global  competition  for                                                               
graphite material.                                                                                                              
                                                                                                                                
4:15:56 PM                                                                                                                    
MR. TORPY  replied that he does  not have a specific  ranking for                                                               
the  project's global  standing, noting  that obtaining  reliable                                                               
information, particularly  from China, about tonnage  and deposit                                                               
breadth is  very challenging. The  project's deposits  are likely                                                               
substantial  on a  global  scale. However,  he  pointed out  that                                                               
other  regions,  such  as Mozambique,  have  deposits  with  much                                                               
higher  grades   than  theirs.  While   the  project's   size  is                                                               
competitive, its  grade is likely in  the middle of the  pack. He                                                               
noted that the project is running  at a graphite grade of five to                                                               
six percent, while  one of the projects in  Mozambique exceeds 20                                                               
percent.                                                                                                                        
                                                                                                                                
4:16:54 PM                                                                                                                    
SENATOR  KAUFMAN  noted  recent  news indicating  that  China  is                                                               
shutting down operations and requiring  permits for the export of                                                               
graphite  materials.  He  emphasized  that  this  development  is                                                               
significant; not only  the presence of graphite  but also China's                                                               
control over the market and the increasing restrictions.                                                                        
                                                                                                                                
4:17:17 PM                                                                                                                    
MR. TORPY agreed, stating that  China's ability to manipulate the                                                               
graphite markets  has been evident, particularly  this summer. He                                                               
cited  an  example  involving  a project  in  Louisiana  that  is                                                               
undertaking  the   secondary  treatment  of  graphite   mined  in                                                               
Mozambique.  As this  project was  coming online,  China made  it                                                               
difficult for them  to sell their product  at competitive prices,                                                               
thereby complicating their market entry.                                                                                        
                                                                                                                                
4:17:57 PM                                                                                                                    
MR. TORPY moved to slide 19 and summarized the project:                                                                         
                                                                                                                                
[Original punctuation provided.]                                                                                                
                                                                                                                                
     Summary                                                                                                                  
                                                                                                                                
        • Graphite is a mineral critical to the nation's                                                                        
          security, but we are fully reliant on foreign                                                                         
          sources                                                                                                               
        • Bipartisan support for domestic supply chain for                                                                      
          graphite battery anodes for which we are                                                                              
          currently fully reliant on China                                                                                      
        • The Graphite Creek Project is the nation's                                                                            
          largest natural graphite deposit                                                                                      
        • With   the   addition   of   artificial   graphite                                                                    
          production completes the full US domestic supply                                                                      
          chain                                                                                                                 
        • The Project shows a long-projected mine life and                                                                      
          is  positioned  on  a trend  that  should  provide                                                                    
          multi-generational  jobs  in  Western  Alaska  and                                                                    
          ongoing  security to  our critical  mineral supply                                                                    
          chain.                                                                                                                
                                                                                                                                
MR.  TORPY  summarized that  the  project  is well-positioned  to                                                               
supply a  portion of  the country's graphite  needs and,  for the                                                               
first time in decades, contribute  to a domestic supply chain. He                                                               
expressed gratitude  for the ongoing  bipartisan support  for the                                                               
project  and looked  forward  to advancing  it  to create  multi-                                                               
generational jobs for western Alaska.                                                                                           
                                                                                                                                
4:18:35 PM                                                                                                                    
CO-CHAIR  BISHOP  said  he  is   looking  forward  to  the  first                                                               
construction.                                                                                                                   
                                                                                                                                
^Presentation: Donlin Project                                                                                                   
                  PRESENTATION: DONLIN PROJECT                                                                              
                                                                                                                                
4:18:53 PM                                                                                                                    
CO-CHAIR  BISHOP announced  the consideration  of a  presentation                                                               
overview of the Donlin Project.                                                                                                 
                                                                                                                                
4:19:33 PM                                                                                                                    
At ease                                                                                                                         
                                                                                                                                
4:20:17 PM                                                                                                                    
CO-CHAIR BISHOP reconvened the meeting.                                                                                         
                                                                                                                                
4:20:25 PM                                                                                                                    
KRISTINA  WOOLSTON,   External  Affairs  Manager,   Donlin  Gold,                                                               
Anchorage,  Alaska, presented  an update  on the  Donlin Project.                                                               
She noted  that, similar  to the  Graphite One  presentation, she                                                               
would  be  making  forward-looking  statements  and  advised  the                                                               
audience to use the information  accordingly. She emphasized that                                                               
the information provided is based  on their best expectations and                                                               
proposals.                                                                                                                      
                                                                                                                                
4:21:31 PM                                                                                                                    
MS.  WOOLSTON  moved  to  slide 2  and  detailed  landowners  and                                                               
surface rights:                                                                                                                 
                                                                                                                                
[Original punctuation provided.]                                                                                                
                                                                                                                                
     Land Owners                                                                                                              
                                                                                                                                
        • Calista board selected the land for resource                                                                          
          development through ANCSA in early 1970s                                                                              
        • Generate employment opportunities and economic                                                                        
          benefits for Calista Shareholders                                                                                     
        • Invited Donlin Gold to develop property for                                                                           
          benefit of shareholders                                                                                               
        • Exploration and mining lease                                                                                          
        • Hiring preference: shareholders, spouses, and                                                                         
          descendants                                                                                                           
        • Bidder's preference for subsidiaries                                                                                  
        • Contributions to scholarship program                                                                                  
        • Surface Use Agreement                                                                                                 
        • Contributions to KEF scholarship                                                                                      
        • Hiring preference: shareholders, spouses, and                                                                         
          descendants                                                                                                           
        • Bidder's preference for subsidiaries                                                                                  
        • Agreement on construction and operation of                                                                            
          Angyaruaq port                                                                                                        
        • Oversite during mine closure and reclamation                                                                          
                                                                                                                                
MS.  WOOLSTON stated  that the  gold at  Donlin is  owned by  the                                                               
Calista Corporation,  which selected the land  specifically after                                                               
the  Alaska Native  Settlement Act  (ANCSA) to  develop resources                                                               
for the benefit of its  shareholders. She noted that Calista owns                                                               
both  surface  rights  and  some  subsurface  rights,  while  The                                                               
Kuskokwim   Corporation   (TKC)   is   the   surface   landowner.                                                               
Exploration and mining agreements are  made with Calista and TKC,                                                               
encompassing  various  aspects, including  significant  community                                                               
activities,   support   partnerships,  local   programs,   hiring                                                               
preferences for shareholders,  their descendants, and preferences                                                               
for their  subsidiary companies.  She highlighted  the incredible                                                               
opportunity to  collaborate with Calista to  develop new business                                                               
lines now  and in the future,  reflecting the intent of  ANCSA to                                                               
empower  local ownership  of land.  Calista thoughtfully  delayed                                                               
the  development  of  Donlin  until  the  National  Environmental                                                               
Policy  Act (NEPA)  law was  passed, ensuring  confidence in  the                                                               
safety  measures  for  their prized  resources,  including  land,                                                               
water, and fish.                                                                                                                
                                                                                                                                
4:23:08 PM                                                                                                                    
CO-CHAIR  GIESSEL  noted her  previous  experience  as a  citizen                                                               
attending hearings  and emphasized the importance  of clarity for                                                               
the  audience.  She  referred  to Slide  2,  mentioning  TKC  and                                                               
highlighted  that  providing  context  on TKC  and  the  NEPA  is                                                               
essential for listeners to follow along.                                                                                        
                                                                                                                                
4:23:31 PM                                                                                                                    
MS.  WOOLSTON  explained   that  TKC  is  a   cooperative  of  10                                                               
communities  that  have  come   together  as  individual  village                                                               
corporations. The Calista Corporation  represents 56 villages and                                                               
tribes in  the region, and their  stakeholder engagement includes                                                               
a total  of 62 communities.  She mentioned that the  national gas                                                               
pipeline,  which  is  permitted,   starts  on  Calista  land  and                                                               
eventually  reaches Anchorage.  While Donlin  Gold considers  the                                                               
three  regional   corporations  and   62  communities   as  their                                                               
stakeholders,  all Alaskans  are part  of this  effort since  the                                                               
gold resources are located on  Alaska Native Corporation land. As                                                               
such, they are subject to  the 7(j)-royalty sharing law. This law                                                               
reflects  the sharing  culture  prevalent  in rural  communities,                                                               
where 70 percent  of the profits earned from Donlin  Gold will be                                                               
shared  among   the  native  corporations.  The   seven  regional                                                               
corporations  receive these  profits, and  50 percent  is further                                                               
distributed to  the village  corporations, creating  an effective                                                               
model for sharing wealth among native people.                                                                                   
                                                                                                                                
4:25:05 PM                                                                                                                    
SENATOR  CLAMAN  inquired  whether Calista  owns  the  subsurface                                                               
rights in the  same manner as the surface rights,  given that the                                                               
land was selected through the ANCSA processes.                                                                                  
                                                                                                                                
4:25:13 PM                                                                                                                    
MS. WOOLSTON confirmed  that Calista is listed  as the subsurface                                                               
landowner. While  they own some  surface land,  they specifically                                                               
own  the  gold,  and  Donlin   Gold  is  operating  at  Calista's                                                               
invitation,  as they  selected the  company as  their development                                                               
partner.                                                                                                                        
                                                                                                                                
4:25:29 PM                                                                                                                    
SENATOR CLAMAN asked whether the  state has any economic interest                                                               
in  the   resource  development,   noting  that   the  subsurface                                                               
resources are owned by Calista.                                                                                                 
                                                                                                                                
4:25:44 PM                                                                                                                    
MS.  WOOLSTON  stated  that  the   land  is  owned  by  a  Native                                                               
corporation and is subject to  safety regulations. Similar to the                                                               
economic information shared earlier  by Graphite One, she expects                                                               
the  economic   impact  to  be  significant   across  the  state.                                                               
Currently, the  estimated cost  for construction,  operation, and                                                               
ongoing  improvements  and  maintenance   is  a  little  over  $8                                                               
billion, pending an updated feasibility study.                                                                                  
                                                                                                                                
[4:25:44]                                                                                                                       
CO-CHAIR BISHOP asked her to repeat her response.                                                                               
                                                                                                                                
[4:25:44]                                                                                                                       
MS.  WOOLSTON   repeated  her  response   and  added   that  this                                                               
undertaking    requires    considerable   financial    resources,                                                               
engineering, planning, logistics preparation, and human capital.                                                                
                                                                                                                                
4:26:59 PM                                                                                                                    
MS. WOOLSTON  moved to  slide 3  and explained  the goals  of the                                                               
Donlin Project:                                                                                                                 
                                                                                                                                
[Original punctuation provided.]                                                                                                
                                                                                                                                
     Our Goals                                                                                                                
                                                                                                                              
        • Develop a safe and environmentally sound mine                                                                         
        • Provide economic opportunities and jobs to Y-K                                                                        
          region, neighboring communities, and Alaska                                                                           
        • Respect    and    co-existence   of    subsistence                                                                    
          activities with employment                                                                                            
        • Protect Crooked Creek and Kuskokwim River                                                                             
                                                                                                                                
MS. WOOLSTON emphasized  that the project is  deeply important to                                                               
the  management and  community relations  team, all  of whom  are                                                               
Alaska Native from rural communities.  They feel privileged to be                                                               
invited  by  Calista  and  the  Kuskokwim  Corporation  as  their                                                               
development  partner. The  project  includes  roughly 34  million                                                               
ounces  of  gold,  which  is  classified  as  refractory  due  to                                                               
microscopic particles held  within arsenopyrite, necessitating an                                                               
energy-intensive  extraction process.  The  project will  process                                                               
approximately 59,000  tons per day, requiring  substantial power.                                                               
Donlin Gold is  currently working with the State  of Alaska's dam                                                               
safety permit  office. The approval  process is expected  to take                                                               
around two years  to design and secure the  necessary permits for                                                               
the  lined  tailings  storage facility  (TSF).  The  design  will                                                               
incorporate  a   material  that   effectively  creates   a  liner                                                               
throughout the  facility. Regarding  the infrastructure,  a fiber                                                               
optic  network   is  planned  along  the   natural  gas  pipeline                                                               
corridor. While  there is  considerable activity  and development                                                               
of fiber  infrastructure, this may change  as future construction                                                               
progresses,   potentially    increasing   on-site    and   global                                                               
infrastructure options.                                                                                                         
                                                                                                                                
4:27:24 PM                                                                                                                    
MS. WOOLSTON  moved to slide  4 and  provided an overview  of the                                                               
Donlin Project:                                                                                                                 
                                                                                                                                
[Original punctuation provided.]                                                                                                
                                                                                                                                
     Project Overview                                                                                                         
                                                                                                                              
        • Reserves: 33.9 M oz of gold                                                                                           
        • Mine Life: ~27+ years                                                                                                 
        • Production: ~ 1.1 M oz/year                                                                                           
        • Operation: Open-pit                                                                                                   
        • Milling:  59,000 tons/day                                                                                             
        • Strip ratio: ~5.5:1 = ~3B tons waste rock                                                                             
        • Tailings:  Fully lined storage facility                                                                               
        • Infrastructure: fiber optic network, runway, 600                                                                      
          person camp, 30- mile road, 2 ports                                                                                   
        • Equipment: 69 haul trucks (400 ton/ea), electric                                                                      
          shovels                                                                                                               
        • Power: ~220MW power plant, 314-mile natural-gas                                                                       
          pipeline from Cook Inlet                                                                                              
                                                                                                                                
MS. WOOLSTON noted  that the project involves  roughly 34 million                                                               
ounces of  gold, characterized as  refractory due  to microscopic                                                               
particles  held within  arsenopyrite.  This  requires an  energy-                                                               
intensive process, as the project  will mill approximately 59,000                                                               
tons  per day,  necessitating  substantial power.  She noted  the                                                               
ongoing  collaboration  with the  State  of  Alaska's dam  safety                                                               
permit  office, which  entails a  two-year iterative  process for                                                               
designing  and  securing  necessary  permits for  the  TSF.  This                                                               
facility  will utilize  a material  welded together  to create  a                                                               
continuous liner. A  fiber optic network will  be installed along                                                               
the 314-mile natural gas pipeline  corridor. There is significant                                                               
planning  and development  for  fiber  infrastructure, which  may                                                               
evolve  as   construction  progresses,  potentially   leading  to                                                               
additional on-site and local infrastructure options.                                                                            
                                                                                                                                
4:29:31 PM                                                                                                                    
SENATOR DUNBAR observed the  project's potential economic impact,                                                               
noting that with an estimated  recovery of 1.21 million ounces of                                                               
gold  per  year for  over  27  years, totaling  approximately  30                                                               
million recoverable  ounces, the  revenue could reach  around $60                                                               
billion  based on  current gold  prices of  $2,200 to  $2,300 per                                                               
ounce.  He suggested  rounding  this figure  down  to $2,000  for                                                               
simplicity,  highlighting   the  significant   economic  activity                                                               
generated $60 billion.  While Alaska has no  personal income tax,                                                               
many workers will benefit financially  from this project. With an                                                               
anticipated $8 billion spent within  the state, he emphasized the                                                               
importance  of  considering  the broader  economic  implications,                                                               
including  value-added processing  that would  occur outside  the                                                               
state.                                                                                                                          
                                                                                                                                
4:30:33 PM                                                                                                                    
MS.  WOOLSTON explained  that the  processing facility  at Donlin                                                               
will  produce gold  doré bars,  which will  be shipped  out after                                                               
initial  processing is  completed  on-site in  Alaska. She  noted                                                               
that  developing   the  project  has   taken  time  due   to  the                                                               
significant  energy and  infrastructure required  for processing.                                                               
She mentioned that  costs have risen roughly 40  percent over the                                                               
past few  years, suggesting that the  previously provided figures                                                               
are  conservative  since construction  decisions  are  yet to  be                                                               
made. A permitted port will  be established just south of Crooked                                                               
Creek, the  village nearest  to the project  site, with  plans to                                                               
construct four purpose-built barges  for navigating the Kuskokwim                                                               
River. These  barges will feature a  double-hulled modular design                                                               
to adapt  to the river's bends  and a shallow draft.  The project                                                               
will  also include  a 600-person  camp and  a 30-mile-long  road,                                                               
along  with  a  5,000-foot  one-way access  route.  Purdue  Creek                                                               
village  is approximately  13 miles  from the  project site,  and                                                               
planning efforts will involve  extensive collaboration with them.                                                               
TKC will serve as the owner and operator of the port project.                                                                   
                                                                                                                                
4:32:52 PM                                                                                                                    
CO-CHAIR  BISHOP inquired  about  the asset  value  of gold  doré                                                               
bars.                                                                                                                           
                                                                                                                                
4:33:02 PM                                                                                                                    
MS.  WOOLSTON replied  that she  believes it  is 80  percent, but                                                               
offered to follow up with the committee.                                                                                        
                                                                                                                                
4:33:07 PM                                                                                                                    
CO-CHAIR  BISHOP noted  that when  he  checks the  gold price  at                                                               
$2,200  each morning,  he must  account for  smelting losses  and                                                               
purity levels,  which impacts  the effective  value of  the gold,                                                               
suggesting a need to factor in the numeric value.                                                                               
                                                                                                                                
4:33:31 PM                                                                                                                    
MS. WOOLSTON said she would follow up with a specific value.                                                                    
                                                                                                                                
4:33:38 PM                                                                                                                    
MS.  WOOLSTON moved  to  slide 5  and spoke  to  the natural  gas                                                               
pipeline:                                                                                                                       
                                                                                                                                
[Original punctuation provided.]                                                                                                
                                                                                                                                
     Natural Gas Pipeline                                                                                                     
                                                                                                                              
        • Steel pipeline suppling natural gas to onsite                                                                         
          power plant                                                                                                           
        • 30 to 35 mcf/day (approx. 50 percent of pipeline                                                                      
          capacity)                                                                                                             
        • Buried along entire alignment  Above ground at                                                                        
          fault crossing                                                                                                        
        • Single compressor station                                                                                             
        • Open access pipeline                                                                                                  
                                                                                                                                
MS. WOOLSTON stated that Donlin  is permitted to construct a 314-                                                               
mile  natural  gas  pipeline  leading  to  a  227-megawatt  power                                                               
facility on-site,  supplying all  operational power.  Diesel will                                                               
also be  brought in  via barges  for construction  materials. The                                                               
natural  gas pipeline  will  connect  to existing  infrastructure                                                               
approximately 33 miles  west of Anchorage, with a  capacity of 73                                                               
million standard cubic feet per  day. On average, it will consume                                                               
around 25 million  cubic feet per day to generate  a base load of                                                               
approximately  153  megawatts, with  a  peak  load of  about  181                                                               
megawatts.                                                                                                                      
                                                                                                                                
4:34:44 PM                                                                                                                    
SENATOR WIELECHOWSKI  asked if there  are any firm  gas contracts                                                               
with Cook Inlet producers.                                                                                                      
                                                                                                                                
4:34:50 PM                                                                                                                    
MS. WOOLSTON  stated that they are  not yet ready to  publish any                                                               
Request for  Quotes (RFQs)  or Request  for Proposals  (RFPs) for                                                               
natural gas and  have not entered into  contracts with suppliers.                                                               
The  gas  line is  permitted,  but  recent developments  in  Cook                                                               
Inlet's  natural  gas  supply  have  prompted  them  to  consider                                                               
alternative sources.  The situation is  currently a hot  topic in                                                               
South  Central Alaska,  as the  supply is  largely committed.  If                                                               
there is gas  available for sale, they may need  to explore other                                                               
suppliers, but as of now, no contracts are in place.                                                                            
                                                                                                                                
4:35:48 PM                                                                                                                    
SENATOR  WIELECHOWSKI asked  if utilizing  this would  constitute                                                               
roughly 16 percent  of their gas supply, noting  their efforts to                                                               
secure  gas  from Cook  Inlet.  He  expressed concern  about  the                                                               
inability to get  producers to supply gas  and questioned whether                                                               
she  believes  they will  be  able  to incentivize  producers  to                                                               
increase production.                                                                                                            
                                                                                                                                
4:36:07 PM                                                                                                                    
MS.  WOOLSTON  stated  that  Donlin views  itself  as  a  sizable                                                               
potential  customer for  natural gas.  She mentioned  that during                                                               
their  recent meetings  with  various  suppliers, producers,  and                                                               
regulatory  agencies, they  raised  similar  questions about  the                                                               
availability of  natural gas. While  Donlin is interested  in the                                                               
supply,  it is  not in  a  position to  invest in  a natural  gas                                                               
company to support  development, which is outside  their scope of                                                               
business. Consequently,  it is  closely monitoring  the situation                                                               
in Cook Inlet, like others, to see what solutions may arise.                                                                    
                                                                                                                                
4:36:54 PM                                                                                                                    
CO-CHAIR BISHOP  inquired whether  the right-of-way  is permitted                                                               
for the transmission  line, asking if it could  still be utilized                                                               
in  the event  that a  gas pipeline  was not  constructed and  an                                                               
alternative power source was used instead.                                                                                      
                                                                                                                                
4:37:07 PM                                                                                                                    
MS. WOOLSTON  replied that  it is  it is  only permitted  for the                                                               
natural gas pipeline and for the fiber optic network.                                                                           
                                                                                                                                
4:37:15 PM                                                                                                                    
SENATOR WIELECHOWSKI  asked about  the potential for  open access                                                               
to energy  and whether there are  plans to provide energy  to the                                                               
regions of Bethel and Dillingham.                                                                                               
                                                                                                                                
4:37:31 PM                                                                                                                    
MS. WOOLSTON  replied that  it is  Donlin's intention  to provide                                                               
natural gas to the region, which  is why the natural gas pipeline                                                               
was  built  larger than  needed.  The  pipeline is  open  access,                                                               
allowing for  potential supply  to communities.  However, current                                                               
infrastructure limits  connections along the route.  There is one                                                               
compressor  station along  the way  with the  ability to  offload                                                               
gas, but  many communities  still rely  on diesel  generators and                                                               
lack infrastructure  to tie into  the natural gas  pipeline. They                                                               
are investing in  large scale studies to  explore extending power                                                               
from the on-site  power plant, which won't need  its entire load.                                                               
This presents a real potential for regional energy development.                                                                 
                                                                                                                                
4:38:58 PM                                                                                                                    
SENATOR WIELECHOWSKI  inquired about Donlin's  planned production                                                               
start  date  and the  estimated  duration  for building  the  gas                                                               
pipeline.                                                                                                                       
                                                                                                                                
4:39:13 PM                                                                                                                    
MS.  WOOLSTON offered  to answer  the question  by speaking  to a                                                               
future slide. She moved to slide  8, showcasing a timeline of the                                                               
permitting  schedule.  The  timeline   for  Donlin's  project  is                                                               
currently  driven by  permitting  and ongoing  state and  federal                                                               
litigation. The  dam safety permit  process is  highly iterative,                                                               
expected to take  about two more years, with  approximately 12 to                                                               
18 months  remaining. Several state  permits are under  appeal by                                                               
Earthjustice  and (Orutsararmiut  Native  Council)  ONC, but  the                                                               
project has  been successful  at each  appeal stage.  The federal                                                               
litigation  concerning permits  has just  begun, with  briefs and                                                               
supporting party interventions due in  the next two weeks, likely                                                               
extending  the   timeline  by  another   two  years.   All  these                                                               
permitting challenges  must be resolved before  a construction go                                                               
decision can be made.                                                                                                           
                                                                                                                                
4:40:43 PM                                                                                                                    
MS. WOOLSTON moved  back to slide 6 and presented  an aerial view                                                               
of  the communities  in the  Chukchi region  along the  Kuskoquim                                                               
River, highlighting the project's  location in Alaska. The Donlin                                                               
Gold Board approved  a nearly $29 million budget  for 2024, which                                                               
includes funding for additional  resource modeling, mine planning                                                               
work, metallurgical testing,  and a pilot plant.  The budget also                                                               
allocates resources for  dam safety liner testing  and other site                                                               
work such  as hydrology and  geoscience studies. For the  past 15                                                               
years, the  project has conducted collaborative  aquatic studies,                                                               
including  water quality  and fish  studies, in  partnership with                                                               
local  tribes and  the Native  Corporation  to explore  potential                                                               
fish projects.  Additionally, the  team is excited  about habitat                                                               
restoration efforts at Snow Gulch,  an area historically impacted                                                               
by  mining, which  includes reopening  a salmon  stream that  had                                                               
been  closed  for years.  The  project  continues to  assess  the                                                               
management  of  salmon  fisheries   within  the  Kuskokwim  River                                                               
watersheds   and  is   actively   identifying  specific   project                                                               
opportunities in that area.                                                                                                     
                                                                                                                                
4:42:10 PM                                                                                                                    
MS.  WOOLSTON  moved to  slide  7,  demonstrating a  bubble  plot                                                               
highlighting,  "opportunities to  speak  out." She  spoke to  the                                                               
importance  of   transparency  and  engagement.  She   noted  her                                                               
involvement with  the project over  the past 25  years, returning                                                               
five years ago after pursuing  other careers. She highlighted the                                                               
Environmental  Impact  Statement  (EIS)  process,  which  spanned                                                               
approximately  six  and a  half  years  and included  around  500                                                               
meetings,  consultations,  community meetings,  public  hearings,                                                               
and public  comment opportunities  in collaboration  with federal                                                               
agencies, Native Corporation  landowners, and community partners.                                                               
The slide  featured an open  house held at the  Alaska Federation                                                               
of  Natives   (AFN),  showcasing  the  project's   commitment  to                                                               
transparency. The EIS  is accessible to the  public, with ongoing                                                               
updates  as part  of standard  procedures. Notably,  improvements                                                               
have been  made, such as  removing mercury as a  consideration in                                                               
the  EIS. Progress  has been  made  regarding concerns  initially                                                               
raised  about  the project,  with  assurances  that it  will  not                                                               
impact local  fish populations. This is  particularly significant                                                               
as  the Native  Corporation landowners  believe that  development                                                               
can coexist with  the preservation of fish  resources, leading to                                                               
encouragement regarding  the EIS and the  continued efforts being                                                               
made.                                                                                                                           
                                                                                                                                
4:44:02 PM                                                                                                                    
MS.  WOOLSTON  moved  to  slide  9  and  spoke  to  local  hiring                                                               
commitments.  She  emphasized  the   importance  of  quick  local                                                               
hiring,  noting  it  as  a  commitment  that  benefits  both  the                                                               
communities  and the  project.  This  past year,  representatives                                                               
from  24  communities contributed  to  the  workforce, with  peak                                                               
shareholder hiring  reaching as high  as 90 percent.  The project                                                               
operates with  a rotational workforce  model of two weeks  on and                                                               
two  weeks  off,  which  was  adjusted  during  the  pandemic  to                                                               
accommodate testing  times. She  expressed satisfaction  with the                                                               
workforce and  said that several community  members have advanced                                                               
within  the project  to roles  such as  operators and  management                                                               
positions. This  progress is achieved through  collaboration with                                                               
the local communities and the Native Corporation.                                                                               
                                                                                                                                
4:44:52 PM                                                                                                                    
MS. WOOLSTON  briefly moved to slide  10 and presented a  list of                                                               
contract and employment opportunities.                                                                                          
                                                                                                                                
4:45:07 PM                                                                                                                    
MS. WOOLSTON  moved to slide 11  and spoke to the  2023 Kuskokwim                                                               
River & Yukon River Backhaul:                                                                                                   
                                                                                                                                
[Original punctuation provided.]                                                                                                
                                                                                                                                
     2023 Kuskokwim River & Yukon River Backhaul                                                                              
                                                                                                                                
        • All 62 YK communities have participated since 2018                                                                    
        • 10 YK villages served in 2023                                                                                         
        • Yukon served for the first time!                                                                                      
        • 10 Fish Camps                                                                                                         
        • 449 appliances collected in 2023 (1st time)                                                                           
        • 22 Conex containers filled & shipped for recycling                                                                    
        • 200,000 lbs. collected in 2023 alone                                                                                  
        • Since 2018, 620,000 lbs. waste removed from YK region                                                                 
        • 6th year for in-person Bethel collection event                                                                        
                                                                                                                                
     PARTNERS: AVCP, Fox Air, Delta Backhaul, AC Co., Grant                                                                     
     Aviation, multiple tribes, Native Village of Napaimute                                                                     
                                                                                                                                
MS. WOOLSTON addressed  a recent inquiry from  a Senate committee                                                               
regarding  the backhaul  program  implemented in  the region  and                                                               
referred  to Ms.  Pokon's discussion  on lined  landfills in  the                                                               
communities,  emphasizing  that this  initiative  is  one of  the                                                               
projects they  have been  actively working  on for  decades. This                                                               
initiative,  which  has been  ongoing  for  the past  six  years,                                                               
focuses  on   keeping  communities   clean  by   removing  waste,                                                               
including over  600,000 pounds of household  e-waste, appliances,                                                               
and  fuel drums.  In  partnering with  the  Napaimute tribe,  the                                                               
program has enabled the purchase  of two vessels, enhancing their                                                               
economic  opportunities  on  the Kuskokwim  River  and  extending                                                               
efforts to the Yukon River  and fish camps. These camps typically                                                               
bring in  various materials, with  the only return  being garbage                                                               
and fish.  The collected  waste is sent  to Anchorage  or Seattle                                                               
for  proper  recycling and  disposal,  although  this is  a  cost                                                               
center  with  no financial  gain  from  recycling efforts.  Rural                                                               
Alaska  backhaul  is  notably  expensive  but  remains  a  worthy                                                               
pursuit. Collaborating with various  entities, including the ADCP                                                               
and local tribes across 56  communities in the Calista region and                                                               
four  in the  Doyon region,  she expressed  excitement about  the                                                               
success  of  this region-wide  effort  and  highlighted a  recent                                                               
meeting  with the  Denali  Commission to  share  insights on  the                                                               
program.                                                                                                                        
                                                                                                                                
4:46:40 PM                                                                                                                    
MS.  WOOLSTON  moved  to  slide   12,  depicting  photographs  of                                                               
community  participation to  remove  backhaul. She discussed  the                                                               
economic  opportunities on  the Cosmic  Wind River  and mentioned                                                               
Donlin's  expansion into  the  Yukon River,  where  they are  now                                                               
working  in  fish  camps.  In these  camps,  many  materials  are                                                               
brought in, but  typically, only garbage is taken  out along with                                                               
hopefully some  fish. Waste is  sent to Anchorage or  Seattle for                                                               
proper recycling and disposal, noting  that while this initiative                                                               
is a cost center, it is  a necessary pursuit. Addressing a recent                                                               
inquiry  about potential  profits from  recycling, she  clarified                                                               
that there is  little financial gain to be made  in rural Alaska,                                                               
as backhaul  operations are quite  expensive. She  emphasized the                                                               
collaboration  with various  entities  in  the region,  including                                                               
ABCP  and  local  tribes,  covering all  56  communities  in  the                                                               
Chugach region  and four in  the Doyon region.  Partnerships with                                                               
Fox  Air, Grand  Aviation, and  multiple tribes  have facilitated                                                               
the transportation  and packaging of materials  for shipment. She                                                               
expressed excitement about their  region-wide efforts and noted a                                                               
recent meeting  with the Denali  Commission to share  insights on                                                               
their successful initiatives.                                                                                                   
                                                                                                                                
4:47:31 PM                                                                                                                    
CO-CHAIR BISHOP acknowledged the  previous discussions around the                                                               
E-waste bill,  noting its overwhelming  nature. He  remarked that                                                               
the  information  presented  seemed  directly  aligned  with  the                                                               
bill's objectives,  emphasizing its relevance for  the future. He                                                               
commended  Ms. Woolston  and her  team for  successfully managing                                                               
the removal of 626,000 pounds of waste in real-time.                                                                            
                                                                                                                                
4:48:02 PM                                                                                                                    
MS. WOOLSTON  expressed that the  project has been  an incredible                                                               
opportunity, including the experience  of working with the tribes                                                               
during the summer months in the communities.                                                                                    
                                                                                                                                
4:48:23 PM                                                                                                                    
SENATOR KAUFMAN  asked whether other minerals  are being explored                                                               
in addition to gold.                                                                                                            
                                                                                                                                
4:48:32 PM                                                                                                                    
MS. WOOLSTON clarified that the  deposit is currently a pure gold                                                               
play but the  assessment of the deposit is  continuing. She noted                                                               
that while  the team continues  to look and assess  the resource,                                                               
it is currently focused solely on gold extraction.                                                                              
                                                                                                                                
4:49:42 PM                                                                                                                    
There being  no further  business to  come before  the committee,                                                               
Co-Chair   Bishop  adjourned   the   Senate  Resources   Standing                                                               
Committee meeting at 4:49 p.m.                                                                                                  
                                                                                                                                

Document Name Date/Time Subjects
DEC Commissioner Designee Emma Pokon Resume.pdf SRES 4/3/2024 3:30:00 PM
Presentation Donlin Update 4.3.2024.pdf SRES 4/3/2024 3:30:00 PM
Presentation Graphite One Update 04.03.2024.pdf SRES 4/3/2024 3:30:00 PM