Definitive Feasibility Study definition
Definitive Feasibility Study means a definitive feasibility study with respect to the ▇▇▇▇▇▇▇▇ Project from Tetra Tech or another firm reasonably acceptable to the Majority Purchasers which (a) indicates that applicable metallurgical test work has been completed such that the entire flow sheet has been finalized and fixed and is fully specified to support basic and detailed engineering and obtaining firm vendor quotes; (b) indicates that at least 50% of basic engineering has been completed; (c) indicates that procurement is well-advanced; (d) indicates that capital and operating cost estimate with an accuracy of +/- 15%, has been completed and in the case of the capital cost estimate, has minimal reliance on factored estimates and primarily relies on takeoffs and unit rates; (e) indicates that significant trade-off and optimization studies have been completed; (f) indicates that all environmental assessments have been performed and all key permit applications have been submitted; (g) indicates that the ▇▇▇▇▇▇▇▇ Project has a schedule that starts no later than the first quarter of 2014 and has a duration from Notice to Proceed (as defined in the EPCM or EPC contract) to Project Completion (as would be defined in a customary project finance facility) that does not exceed fifty-two (52) months; (h) indicates that the ▇▇▇▇▇▇▇▇ Project is supported by reserves and resources of all potash members which the Company has the right to mine which are estimated using assumptions, methodologies and a mine plan acceptable to the Purchasers' independent engineering firm and meet NI 43-101 standards that have a tonnage and grade consistent with that presented in the Reserves and Resources Statement presented in the Preliminary Economic Assessment ("PEA") by Tetra Tech (which was filed with the SEC on December 22, 2011), and that in any event will (x) have sufficient demonstrable resources of ultimately recoverable standard product of all potash members that support a mine life of twenty-five (25) years and (y) have sufficient reserves to support a mine life of at least twenty (20) years; and (i) meets the definitive feasibility study requirements of commercial project finance lending banks, policy banks and major export credit agencies to which the Company will be applying for financial support, including compliance with the Equator Principles.
Definitive Feasibility Study means the definitive feasibility study for both the Kabanga underground mine and the Kahama multi-metals refinery to determine the development requirements of the project.
Definitive Feasibility Study. / “DFS” means the definitive feasibility study for both the Kabanga underground mine and the base metals refinery to determine the development requirements of the project, including capital and operating costs, which is expected to be completed in the second half of 2024.
Examples of Definitive Feasibility Study in a sentence
The Company shall apply the proceeds of the sale of the Notes for (a) the purpose of financing the ▇▇▇▇▇▇▇▇ Project (including, but not limited to, the costs associated with the Definitive Feasibility Study and the initial drilling, engineering and permitting related thereto), (b) repayment of amounts due under the Karlsson Note and (c) general corporate purposes.
In July 2019 (ASX announcement 25 July 2019), the Company released an enhanced Definitive Feasibility Study (eDFS) for Mahenge.
The Company is currently undertaking a Definitive Feasibility Study on its Imweru Project.
As of the date of the final Definitive Feasibility Study, the Company and its Subsidiaries will hold all licenses and have all interests in any mineral interests, mining concessions, mining tenements or other mineral rights necessary or appropriate to authorize and enable the Company and its Subsidiaries to explore, develop, construct or operate the ▇▇▇▇▇▇▇▇ Project as contemplated in the Definitive Feasibility Study.
The Definitive Feasibility Study results, production target and forecast financial information referred to in this ASX Release are supported by the Definitive Feasibility Study mine plan which is based on the extraction of 93% Ore Reserve and 7% Inferred Mineral Resource.
More Definitions of Definitive Feasibility Study
Definitive Feasibility Study. (DFS) means a feasibility study undertaken to a high degree of accuracy which may be used as a basis for raising finance for the construction of a project.
Definitive Feasibility Study means a study of the technical, commercial and economic feasibility of Development and Mining in the Properties or a portion thereof, and producing Minerals in significant commercial quantities, prepared or confirmed by a recognized and independent firm of mining engineering consultants, which includes summaries of all available exploration, geological, engineering and other relevant data and capital and operating cost estimates and (if appropriate) marketing studies in sufficient detail to enable options for optimum Development and Mining to be identified in reasonable detail, including:
Definitive Feasibility Study means a Feasibility Study approved by the Board of Directors.
Definitive Feasibility Study. (or “DFS”) means a detailed report that (i) addresses all matters which are customarily required for an effective assessment of the viability of the development of the Project into commercial operation, prepared in accordance with Good Industry Practice and Applicable Law (including, without limitation, Regulation S-K (Subpart 1300) promulgated under the Securities Act of the USA) and (ii) is in form and substance sufficient for both (X) enabling the board of ATLAS to make a final investment decision and (Y) presentation to the Lenders or potential Lenders, and will include, among others:
Definitive Feasibility Study means the Definitive Feasibility Study in respect of the Project prepared in accordance with NI 43-101 and approved and adopted by the Board in respect of the development of the Project and dated January ¨, 2024 provided to the Majority Lenders, except that the financial model set out in such Definitive Feasibility Study (i) is superseded and will be deemed replaced by the Project Financing Rebaseline, and (ii) will be disregarded for all purposes of this Agreement as the same may be amended in accordance with Section 6.12.17.
Definitive Feasibility Study shall have the meaning set out in the Shareholders Agreement;
Definitive Feasibility Study means the definitive feasibility study for Phase 1 of the ▇▇▇▇▇▇ Project announced by Astron on the ASX on 26 April 2023, supported by independent technical reports from Mineral Technologies, AMC Consultants, ▇▇▇▇▇▇▇ Optiro, ATC ▇▇▇▇▇▇▇▇, AECOM, TAM International, TZMI, Adamas Intelligence, Powercor, and ProjectWorx.