Exploration Reports Clause Samples
The Exploration Reports clause requires one party, typically the operator or licensee, to provide regular updates or detailed accounts of exploration activities conducted under the agreement. These reports may include information such as the progress of drilling, survey results, discoveries, and any encountered issues, and are usually submitted at specified intervals or upon completion of certain milestones. The core function of this clause is to ensure transparency and keep all parties informed about the status and outcomes of exploration efforts, thereby facilitating oversight and informed decision-making.
Exploration Reports a. For the exploration conducted under this lease, the Lessee shall retain and store all factual exploration data and records at a location(s) mutually agreeable with Lessor and Lessee. The Lessor retains the right to examine all such data and records, including cores and samples in such a manner as to respect the confidentiality of such data and records as may be provided for under Part 625 of the NREPA or other applicable statutes.
b. Upon termination of this lease or surrender of any part of the leased premises, Lessee shall furnish to Lessor any cores or samples requested by Lessor, and an up-to-date report of all exploration conducted by Lessee on that part of the leased premises. Final reports shall contain copies of all factual data generated from exploration activities on the leased premises as of the date of surrender.
Exploration Reports a. For the exploration conducted under this lease, the Lessee shall retain and store all factual exploration data and records at a location(s) within Michigan that is mutually agreeable with Lessor and Lessee. The Lessor retains the right to examine all such data and records, including cores, cuttings, samples, logs, maps, cross-sections, assays, geological, geophysical, and geochemical data.
b. Upon termination of this lease or surrender of any part of the leased premises, Lessee shall furnish to Lessor any samples, cuttings, and cores requested by Lessor, and an up-to-date report of all exploration conducted by ▇▇▇▇▇▇ on that part of the leased premises. Final reports shall contain copies of all factual data generated from exploration activities on the leased premises as of the date of surrender.
Exploration Reports a. For the exploration conducted under this lease, the LESSEE shall retain and store all factual exploration data and records at a location(s) mutually agreeable with LESSOR and LESSEE. The LESSOR retains the right to examine all such data and records, including cores.
b. Upon termination of this lease or surrender of any part of the leased premises, LESSEE shall furnish to LESSOR any cores requested by LESSOR, and an up-to-date report of all exploration conducted by LESSEE on that part of the leased premises. Final reports shall contain copies of all factual data generated from exploration activities on the leased premises as of the date of surrender.
Exploration Reports. The Operator shall provide quarterly reports to the non-Operator detailing exploration results obtained during the quarter and all Expenditures made on the Property since the date of the last report.
Exploration Reports. With respect to any Exploration activities unrelated to Mine Development, the Contractor shall submit to the Regional Director, copy furnished the Director, the reports identified in Clause 6.7(a) and (b) of this Agreement. Exploration activities related to Mine Development shall be included in the annual progress reports under paragraph (b) of this Clause.