Exploration Operations; Exploration Reclamation Plan; Financial Assurance Sample Clauses

Exploration Operations; Exploration Reclamation Plan; Financial Assurance. Prior to the commencement of any Exploration Operations on the Leased Premises, Lessee shall obtain Lessor’s approval of the “exploration reclamation plan” for the Leased Premises in compliance with the applicable provisions of Title 47, Chapter 7, Idaho Code, as amended. Exploration Operations of Lessee shall be conducted in accordance with the applicable provisions of Title 47, Chapter 7, Idaho Code, as may be amended (Mineral Rights in State Lands); and Title 47, Chapter 15, Idaho Code, as may be amended (Mined Land Reclamation Act); if applicable, Title 47, Chapter 13, Idaho Code (Idaho Dredge and Placer Mining Protection Act), as amended; and IDAPA 20.03.02. Motorized exploration is expressly prohibited on the Leased Premises until the requisite financial assurance is received by Lessor and an “exploration reclamation plan” is submitted to, and approved by, Lessor. Prior to the end of the Lease Term or any Term Extension, Lessee shall properly and completely reclaim the Leased Premises. Lessee’s obligation to complete exploration reclamation of the Leased Premises is a continuing obligation that will survive termination, for any reason, or assignment or subleasing of the Lease. The period of liability of any financial assurance shall not be terminated until this Lease provision and any applicable Special Terms and Conditions have been fulfilled and such financial assurance is released in writing by Lessor.
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Related to Exploration Operations; Exploration Reclamation Plan; Financial Assurance

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