Exploration Works Clause Samples
The 'Exploration Works' clause defines the rights and obligations of a party to conduct exploration activities on a specified property or area. It typically outlines the types of activities permitted, such as geological surveys, drilling, or sampling, and may set requirements for notice, approvals, or compliance with laws. This clause ensures that both parties understand the scope and limitations of exploration, helping to prevent disputes and clarify responsibilities during the exploration phase of a project.
Exploration Works. The Optionee is entitled to:
(a) Start and carry out exploration works at any time in accordance with the programs and budgets to be determined by the Optionee, and apply for the necessary permits and approvals before the competent authorities.
(b) Apply for or acquire mineral rights in areas adjacent to the Mineral Rights, which, if applied for or acquired, shall not be part of this Agreement.
(c) Obtain from the Mineral Rights the quantities of ores or other materials that may be deemed appropriate for the evaluation of the Mineral Rights or for the completion of a feasibility study, being authorized to dispose of them freely, at its own discretion. As regards to the portions of cores and/or samples obtained from drilling operations, the Optionee is authorized to freely dispose of up to fifty percent (50%) thereof, keeping control thereof in accordance with the provisions of the General Mining Act.
Exploration Works. Are operations performed by THE ASSOCIATE in regard to the prospecting and discovery of Hydrocarbons in the Contracted Area.
Exploration Works. (a) The Concessionaire shall, during the period from the Execution Date until the Construction Start Date, perform all and any works required in accordance with the Laws of Montenegro and the Social and Environmental Standards, in order to determine the conditions at the Project Sites, the Inundated Areas and the Staging Areas.
Exploration Works. During the enforceability of this agreement the LESSEE may carry out in the areas of the mining title promised to be assigned, mining activities of preliminary projection and technical exploration, understood as such the activities of topographic, geological, geochemical and geophysical uplifting, taken of samples, test drilling with mechanical or manual drills, pre-development works, and other operations of similar detail, extent and depth tending to establish and/or quantify the quantity and quality of the existing mineral in order to project its future exploitation. The LESSOR shall have no right of withholding the samples taken by the LESSEE, who shall assume the royalty payments of such minerals.
Exploration Works. The Optionee is entitled to:
(a) Start and carry out exploration works at any time in accordance with the programs and budgets to be determined by the Optionee, and apply for the necessary permits and approvals before the competent authorities.
(b) Apply for or acquire mineral rights in areas adjacent to the Mineral Rights. If the mineral rights so applied for or acquired are located within the Area of Interest detailed in Exhibit “C”, sub-section 5.5.3 (d) will apply.
(c) Obtain from the Mineral Rights the quantities of ores or other materials that may be deemed appropriate for the evaluation of the Mineral Rights or for the completion of a feasibility study, being authorized to dispose of them freely, at its own discretion. As regards to the portions of cores and/or samples obtained from drilling operations, the Optionee is authorized to freely dispose of up to fifty percent (50%) thereof, keeping control thereof in accordance with the provisions of the General Mining Ac; if the Optionee does not exercise the Option, then the Optionee will deliver the remaining fifty percent (50%) of the cores and/or samples to the Titleholder.
(d) J▇▇▇▇ ▇▇▇▇▇▇▇ V▇▇▇▇▇▇ ▇▇▇▇ may, at is own cost and in coordination with the Optionee, authorize his legal or technical representative to verify compliance of the works performed under the Agreement, as many times as he may deem convenient and provided that this Agreement remains in force.
Exploration Works