EXPLORATION PROGRAMS. 7.1 The Operator shall prepare draft Programs for consideration by the Management Committee. Unless otherwise agreed to by a Special Majority, each Program shall cover a calendar year. The draft Program shall contain a statement in reasonable detail of the proposed Mining Operations, estimates of all Exploration Costs to be incurred and an estimate of the time when they will be incurred, and shall be delivered to each Participant by no later than 60 days prior to the period to which the draft Program relates. Each draft Program shall be accompanied by such reports and data as are reasonably necessary for each party to evaluate and assess the results from the Program for the then current year and, to the extent not previously delivered, from earlier Programs.
EXPLORATION PROGRAMS. 8.1 Draft Programs submitted by the Operator to the Management Committee shall contain a statement in reasonable detail of the proposed Program and estimates of all Exploration Costs to be incurred.
EXPLORATION PROGRAMS. 7.01 The Operator shall prepare draft Programs for consideration by the Management Committee. Unless otherwise agreed to by a Special Majority, each Program shall cover a calendar year. The draft Program shall contain a statement in reasonable detail of the proposed Mining Operations, estimates of all Exploration Costs to be incurred and an estimate of the time when they will be incurred, and shall be delivered to each Participant by no later than 60 days prior to the period to which the draft Program relates. Each draft Program shall be accompanied by such reports and data as are reasonably necessary for each party to evaluate and assess the results from the Program for the then current year and, to the extent not previously delivered, from earlier Programs.
EXPLORATION PROGRAMS. The JVC's geologists and/or engineers shall carry out Board approved Exploration Programs in compliance with the Operating Schedules. Where Exploration Programs are carried on without third party participation, the JVC's engineers and or geologists shall act under the leadership of the General Manager and Deputy General Manager. Where Exploration Programs are carried on with third party participation, the JVC's engineers and/or geologist, General Manager and Deputy General Manager shall act in cooperation with or under the supervision of the third party's engineers and geologists in accordance with the Exploration Programs and Operating Schedules approved by the Board of Directors.
EXPLORATION PROGRAMS. The Operator is to propose draft Programs of exploration for Board approval. Each party may elect to contribute its proportionate share of the costs of the approved Program. Unless otherwise approved, contributions will be made by way of equity in Holdco. If a party elects not to contribute, the parties’ respective shareholdings in Holdco will be adjusted as contemplated in paragraph , so that their percentage shareholdings are proportionate to their initial contribution to Holdco’s capital as contemplated in paragraph and its subsequent contributions compared to the total contributions to Holdco’s capital by both parties. However, if a Program to which a party elected not to contribute is completed or terminated with less than 80% of the budgeted costs having been incurred, the non-contributing party will be given notice thereof, including the results of the Program, and it may within 30 days elect to contribute its proportionate share based on its prior shareholding.
EXPLORATION PROGRAMS. 19.1 Prior to a Production Decision, the Operator shall propose draft work programs, by February 28th of each year, for Management Committee approval and carry out approved programs. Any Feasibility Study (as defined in §21.2) shall be prepared under a separate program and budget and shall be for such term as the Operator feels is appropriate for the completion of such Feasibility Study.
EXPLORATION PROGRAMS. 4.1. The Operator shall prepare draft Programs for consideration by Sunburst de Mexico. Unless otherwise agreed to by Sunburst de Mexico, each Program shall cover a period of six months. The draft Program shall contain a statement in reasonable detail of the proposed Mining Operations, estimates of all Exploration Costs to be incurred and an estimate of the time when they will be incurred, and shall be delivered to Sunburst de Mexico by no later than 60 days prior to the period to which the draft Program relates. Each draft Program shall be accompanied by such reports and data as are reasonably necessary for Sunburst de Mexico to evaluate and assess the results from the Program for the then current six-month period and, to the extent not previously delivered, from earlier Programs.
EXPLORATION PROGRAMS. 7.1 The Operator shall prepare draft Programs for consideration by the Management Committee. Unless otherwise agreed to by a Special Majority, each Program shall cover a period of six months. The draft Program shall contain a statement in reasonable detail of the proposed Mining Operations, estimates of all Exploration Costs to be incurred and an estimate of the time when they will be incurred, and shall be delivered to each Participant by no later than 60 days prior to the period to which the draft Program relates. Each draft Program shall be accompanied by such reports and data as are reasonably necessary for each party to evaluate and assess the results from the Program for the then current six-month period and, to the extent not previously delivered, from earlier Programs.
EXPLORATION PROGRAMS. 7.01 Until such time as the Shareholders’ Committee has adopted a Feasibility Report pursuant to paragraph 9.02, the Operator shall prepare draft Programs for consideration by the Shareholders’ Committee. The draft Program shall contain a statement in reasonable detail of the proposed Mining Operations and estimates of all Exploration Costs to be incurred. Unless otherwise determined by the Shareholders’ Committee, each draft Program shall cover a calendar year, and shall be submitted to the Shareholders’ Committee no later than October 31 of each year.
EXPLORATION PROGRAMS. 3.1 ICONET or its duly authorized representatives shall have full conduct of all exploration programs on the Property prior to the time that the Option is exercised.
