Tailings. All Tailings shall be subject to the Royalty. If commingling of the Tailings occurs in accordance with the terms of this agreement, the amount of such Tailings subject to the Royalty shall be based upon the estimated weight of such Tailings multiplied by the estimated recoverable grade of such Tailings.
Appears in 1 contract
Sources: Settlement Agreement (Battle Mountain Gold Exploration Corp.)
Tailings. All Tailings shall be subject to the Royalty. If commingling of the Tailings occurs in accordance with the terms of this agreementAgreement, the amount of such Tailings subject to the Royalty shall be based upon determined in proportion to its contribution of contained metal in such Tailings, where contained metal is determined by the product of the estimated weight of such Tailings multiplied by the estimated recoverable grade of such Tailings.
Appears in 1 contract
Sources: Net Smelter Return Royalty Agreement (Sagebrush Gold Ltd.)