Exploration Expenditures means the sum of:
Exploration Expenditures means the sum of all costs of acquisition and maintenance of the Property, all exploration and development expenditures and all other costs and expenses of whatsoever kind or nature including those of a capital nature, incurred or chargeable by KRC with respect to the exploration and development of the Property and the placing of the Property into Commercial Production.
Exploration Expenditures means all costs and expenses for Exploration and the related portion of indirect expenses and overheads.
Examples of Exploration Expenditures in a sentence
The Optionor hereby grants to the Optionee the sole exclusive right to earn a 100% interest in the Property exercisable upon having spent an aggregate total of $250,000 of Exploration Expenditures on the Property, on or before February 21, 2024, or having made cash payments in lieu thereof, and having issued an aggregate 2,000,000 Common Shares from the Optionee, as per the table below.
Date Exploration Expenditures Share Issuances Cash Payments Within 10 days of the Effective Date n/a 100,000 Common Shares $20,000 On or before 1st Anniversary of the Effective Date $50,000 300,000 Common Shares $20,000 On or before 2nd Anniversary of the Effective Date $100,000 600,000 Common Shares $20,000 On or before 3rd Anniversary of the Effective Date $100,000 1,000,000 Common Shares $20,000 Grant of Royalty.
The Optionee can accelerate the Exploration Expenditures and share issuances to earn the interest at any time and shall be entitled to make cash payments to the Optionor in lieu of the incurring the Exploration Expenditures.
More Definitions of Exploration Expenditures
Exploration Expenditures means all reasonable and necessary monies expended on or in connection with Exploration and Development as determined in accordance with generally accepted accounting principles including, without limiting the generality of the foregoing:
Exploration Expenditures means those expenditures described in Article 2.2 of the Accounting Procedure attached hereto as Annex C.
Exploration Expenditures means those charges described in Article IV.
Exploration Expenditures means all expenditures and costs incurred and demonstrably paid by cheque or wire transfer or corporate bank draft by the Optionee and received by the payee relating directly or indirectly to the Property, including all expenditures and costs incurred: (a) in doing geophysical, geochemical, land, airborne, environmental and geological examinations, assessments, assays, audits and surveys; (b) in line cutting, mapping, trenching and staking; (c) in searching for, digging, trucking, sampling, working, developing, mining and extracting ores, minerals and metals; (d) in conducting diamond and other drilling; (e) in obtaining, providing, installing and erecting mining, milling and other treatment, plant, ancillary facilities, buildings, machinery, tools, appliances and equipment; (f) in construction of access roads and other facilities on or for the benefit of the Property or any part thereof; (g) in transporting personnel, supplies, mining, milling and other treatment plant, ancillary facilities, buildings, machinery, tools, appliances and equipment in, to or from the Property or any part thereof; (h) in paying reasonable wages and salaries (including reasonable “fringe benefits”, but excluding home office costs) of personnel directly engaged in performing work on the Property; (i) in paying assessments and contributions under applicable employment legislation relating to workers’ compensation and unemployment insurance and other applicable legislation related to such personnel; (j) in supplying food, lodging and other reasonable needs for such personnel; (k) in obtaining consulting and other contract and professional services or facilities related directly to work performed hereunder; (l) in paying any taxes, fees, charges, payments and rentals (including payments made in lieu of assessment work) or otherwise incurred to transfer the Property or any part thereof in good standing; (m) in paying goods and services tax and social service tax and other taxes charged on expenditures made or incurred by the Optionee relating directly or indirectly to the Property; (n) in acquiring access and surface rights to the Property; (o) in carrying out any negotiations and preparing, settling and executing any Agreements and other documents relating to environmental claims; (p) in obtaining all necessary or appropriate approvals, permits, consents and permissions relating to carrying out of work, including environmental permits, approvals and consents; (q) in carrying out re...
Exploration Expenditures means all costs and --------------------------- expenses, however denominated, incurred by the Optionee on or in connection with the exploration and development of the Property and shall include all monies required to maintain the Property in good standing in accordance with the laws of the jurisdiction in which the Property is situated.
Exploration Expenditures means expenditures which qualify for CEE;
Exploration Expenditures means all costs and expenses paid for Exploration Operations during the Exploration Period or afterward pursuant to Sub-article 3.5 as determined in accordance with the Accounting Procedure.