Common use of Operations Phase Clause in Contracts

Operations Phase. 22.2.1 With the exception of the following duties, royalties and taxes, the Company is exempt from all other royalties, duties and taxes: (A) FIXED DUTIES - award or renewal 1 000 000 F CFA - transfer 2 000 000 F CFA - extension 2 500 000 F CFA (B) ANNUAL SURFACE RIGHTS: - first term of validity 100 000 CFA/km(2) - second term of validity 100 000 CFA/km(2) - extension 150 000 CFA/km(2)

Appears in 2 contracts

Sources: Mining Agreement (Northwestern Mineral Ventures Inc.), Mining Agreement (Northwestern Mineral Ventures Inc.)