Pre-Feasibility Study Sample Clauses
The Pre-Feasibility Study clause defines the requirement for an initial assessment to determine whether a proposed project or venture is viable before committing significant resources. Typically, this clause outlines the scope, objectives, and responsibilities for conducting the study, which may include technical, financial, and regulatory evaluations. By mandating a structured preliminary analysis, the clause helps parties identify potential risks and benefits early, ensuring informed decision-making and reducing the likelihood of costly failures later in the project lifecycle.
Pre-Feasibility Study. (a) At such time as Exploration Operations conducted pursuant to this Agreement result in the definition of an “Inferred Mineral Resource” within the meaning of the CIM Standards on all or a portion of the Properties, either Member may propose by written notice to the other Member that the Company undertake preparation of a Pre-Feasibility Study with respect to such resource. Such notice shall include the proposed scope of the Pre-Feasibility Study, the data upon which the proposing Member based its view that the preparation of a Pre-Feasibility Study is warranted, as well as a proposed Program and Budget in respect of the preparation of the Pre-Feasibility Study.
(b) Within 60 days of receipt of the notice contemplated by Section 5.3(a), the other Member shall provide a written notice to the proposing Member indicating either that it:
(i) agrees with the proposal and approves the Program and Budget in respect of the preparation of the Pre-Feasibility Study, in which case the proposed Program and Budget will be deemed approved by the Members; or
(ii) agrees with the proposal and proposes amendments to the scope of the Pre-Feasibility Study and/or to the Program and Budget in respect of the preparation of the Pre-Feasibility Study; or
(iii) does not agree that a Pre-Feasibility Study should be prepared and elects not to participate in the preparation of the Pre-Feasibility Study. If a Member makes a timely proposal pursuant to Section 5.3(b)(ii) above, the Board shall meet within 25 days of delivery of such proposal and proposed amendments to attempt to resolve the disagreement of the parties. In the event of any deadlock in respect of any decision regarding the scope of the Pre-Feasibility Study or the Program and Budget in respect thereof, either Member may refer the subject matter of the deadlock to the respective Chief Operating Officers of each Member’s parent company, who will attempt in good faith to resolve the deadlock within 21 days of the deadlock being referred to them. In the event that the respective Chief Operating Officers are unable to resolve the dispute, then it shall be referred to an independent third party expert selected by mutual agreement of the Members with relevant experience in the mining industry (or, failing such agreement, by a panel of three experts with relevant experience in the mining industry, with one expert selected by each Member and the third expert selected by mutual agreement of the other two experts and the determi...
Pre-Feasibility Study. 10.1 Contribution of Pre-Feasibility Study 40 10.2 PFS Share Issuance 40 10.3 Value of Capital Contribution 41
Pre-Feasibility Study. The Pre-Feasibility Study was completed in two phases 1994 and 1997 and had the following structure: Volume 2 Prefeasibility Study dated December 1994 Covers route options for the section Pitesti – Curtea de Arges - Cornetu Volume 3 Prefeasibility Study dated January 1997 Covers route options for the section Cornetu - Sibiu It is noted that the Volume 1 Route Option assessment was updated as part of the Feasibility Stage and has a front cover dated December 2007. As such, the review of this Volume 1 is included within the Feasibility Study Section of this report. The route options drawing made available by IPTANA during the meeting dated 9th April 2013, is included in Annex A to this report.
a) Volume 2 Pre-feasibility Study Motorway Pitesti – Curtea de Arges - Cornetu – 1994
b) Pre-feasibility study Motorway Cornetu – Sibiu 1997
Pre-Feasibility Study. Prior to the Effective Date, the Manager commenced preparation of a Pre-Feasibility Study to analyze whether economically viable Mining Operations may be possible on the Properties (the “Pre-Feasibility Study”).
Pre-Feasibility Study. EUR and/or the Company have furnished to the Company a true and correct copy of the pre-feasibility study for the Wolfsberg Lithium Project, dated as of April 5, 2018, and such copy has not been amended, modified or supplemented as of the date hereof.