Exploration Activities Clause Samples

Exploration Activities. All mineral exploration activities on the properties of the Company, any Subsidiary or to the Company's knowledge, any Joint Venture Entity have been conducted in all material respects in accordance with good mining and engineering practices and all applicable workers' compensation and health and safety and workplace laws, regulations and policies have been duly complied with except where the failure to so conduct operations could not reasonably be expected to have a Material Adverse Effect.

Exploration Activities. The Company shall commence Exploration Activities within a period of two months after the Effective Date in accordance with the time schedule stipulated in the programme of activities set out in Appendix … (as submitted by licensee) hereto and shall adhere to such time periods or any modification thereto as provided for by this License. The Company shall carry out the programme of activities set out in Appendix … (as submitted by licensee) hereto. In carrying out such activities the Company shall spend in each contract year not less than the amount specified in such programme, or any agreed review thereof, in actual and direct Exploration expenditures. The Company, with the prior written notification of EMRA, may from time to time make such changes in the programme of activities and the expenditures specified therein as may be necessary and prudent in accordance with good mining industry practice; however, such changes shall not affect the minimum limits of expenditures specified in Section 3.0, taking into account the market conditions for gold and associated minerals and other relevant global economic conditions. Not later than 90 days prior to the expiration of each Exploration two-year period from the date on which this License enters into force in accordance with section 2.1 hereof, the Company and EMRA shall jointly undertake a review of the implementation of the plan of work for Exploration under this License. In the light of the review and in case the Company wishes to renew the Exploration period, the Company shall indicate its programme of activities for the following two-year period, including a revised schedule of anticipated yearly expenditures, making such adjustments to its previous programme of activities as are necessary. Appendix 2 hereto shall be adjusted accordingly.

Exploration Activities. 3.1 General Separate accounts will be maintained for Exploration Costs incurred in respect of ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇ ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇ and in respect of the Contract Area as defined in the Eastern Minerals COW ("Eastern Area").

Exploration Activities. In case that during the Petroleum Activities, the Contractor determines the possibility to achieve a Discovery outside the appraised areas, the Contractor may submit a request to CNH in order to carry out Exploration activities in accordance with the terms of this Contract.

Exploration Activities. Except for IE Exploration Services, all Exploration Activities shall be carried out by SQM following the approval of a Work Program and Exploration Budget according to the procedure set forth in Section 4.5 above. SQM shall act diligently to carry out the Exploration Activities, but if SQM is prevented from performing any of its obligations due to unforeseen circumstances beyond the reasonable control of SQM, such event shall not give rise to any liability for SQM for any damage, loss, cost or expense arising out of or in connection with any delay, restriction, interference or failure in performing any obligation.

Exploration Activities. The Purchaser shall be satisfied, in its sole and absolute discretion, that all licenses, agreements (including any surface rights agreements), permits and other arrangements necessary for a team to conduct exploration activities on the UA92 Property are in place;

Exploration Activities. Section 2.28 of the Company Disclosure Schedules sets forth a listing of all exploration and development activities in which the Company or any Subsidiary has elected to participate since June 30, 1999 and with respect to which the Company or any Subsidiary has expended or committed to expend $10,000 or more. The Company has provided Parent with materially true and complete information (to the extent the Company or any Subsidiary has such information in its possession or has access to such information and subject to the qualification that, in the case of such activities where Statex is not the operator, this representation and warranty is made only to the Company's knowledge) regarding the status and results of all such activities, including, without limitation, well logs, results of drill stem tests, production information and other pertinent information.

Exploration Activities. The Company presently plans to expand its operations in more speculative and risky precious metal exploration, in addition to its existing drilling services and equipment maintenance and repair business. Exploration for gold, silver and other precious metals is a highly speculative business, with no assurance that adequate deposits or reserves can be located or that if located, meaningful volumes of ore can be extracted, refined or sold at profitable rates. In addition, the Company's present management has limited experience in acquiring or operating previous metal mining properties.

Exploration Activities. 1. After this Contract is signed but before the establishment of Joint Venture Enterprise and the Exploration Option Agreement, Party B shall have the exclusive right, to conduct such exploration activities that Party B considers necessary and reasonable under the laws and regulations of China. Party B' s rights shall include, but not be limited to: the right to sample, explore, excavate, trench, drill, test, perform environmental studies, take bulk samples, evaluate processing methods (including such as test heap leaching, vat leaching, etc.); Verify existing data, conduct aerial and ground geophysical surveys and other surveys for mines according to China' s laws and regulations. Party B has the right to determine the timing, nature, and extent of exploration in its sole discretion, but Party B shall inform Party A of such exploration activities. During this period of time, Party A shall not either alone or in corporation with a third party apply for a mining license on any part of the Property or Areas of Mutual Interest that is the subject of this Contract 2. Upon establishment of the Joint Venture Enterprise and the enforceability of Exploration and Option Agreement the rights set out in Article 7 (1) to the benefit of Party B shall be transferred to the Joint Venture Enterprise.