Common use of Preliminary Economic Assessment, Prefeasibility Study, and Feasibility Study Clause in Contracts

Preliminary Economic Assessment, Prefeasibility Study, and Feasibility Study. The Company may produce, at its sole discretion, a Preliminary Economic Assessment (PEA) and a Prefeasibility Study (PFS). Should the Company produce a PEA, PFS, or other similar document in compliance with JORC or NI 43-101 regulations, the Company is obligated to provide an electronic PDF or printed version of the report to EMRA. Prior to conversion from Exploration License to Exploitation License, the Company is required to produce a Feasibility Study (FS). The PEA, PFS, and FS may be prepared by (i) an independent third-party or (ii) by the Company and verified by an Independent Sole Expert, on the basis of sound engineering and economic principles in accordance with Good Industry Practice. The Feasibility Study shall include:

Appears in 3 contracts

Samples: Mining Exploration License Model, Mining Exploration License Model, Mining Exploration License Model

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Preliminary Economic Assessment, Prefeasibility Study, and Feasibility Study. The Company may produce, at its sole discretion, a Preliminary Economic Assessment (PEA) and a Prefeasibility Study (PFS). Should the Company produce a PEA, PFS, or other similar document in compliance with JORC or NI 43-43- 101 regulations, the Company is obligated to provide an electronic PDF or printed version of the report to EMRA. Prior to conversion from Exploration License to Exploitation License, the Company is required to produce a Feasibility Study (FS). The PEA, PFS, and FS may be prepared by (i) an independent third-party or (ii) by the Company and verified by an Independent Sole ExpertExpert in compliance with the requirements of NI 43-101 regulations, on the basis of sound engineering and economic principles in accordance with Good Industry Practice. The Feasibility Study shall include:

Appears in 1 contract

Samples: www.petroleum.gov.eg

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