ERCOSPLAN definition
Examples of ERCOSPLAN in a sentence
The JEP is more specifically defined herein as, and the Exploration Program shall conform to, the two phase drilling campaign on Hopi Land generally described in the ERCOSPLAN Memo attached hereto as Exhibit 2.
Chemical and mineralogical analysis of material obtained in the course of the Exploration Program will be managed by ERCOSPLAN and performed by a certified laboratory selected by ERCOSPLAN with proven experience in the analysis of potash salt rocks.
The Tribe and Licensee acknowledge and agree that phase two of the Exploration Program generally described in the ERCOSPLAN Memo attached hereto as Exhibit 2 shall be specified and may change based on ERCOSPLAN’s continuing evaluation of data and ERCOSPLAN’s recommendations.
Without limiting the foregoing, Licensee hereby irrevocably authorizes and instructs each of the Licensee Contractors to share Exploration Program Results with ERCOSPLAN for the Tribe’s benefit and to make itself available to the Tribe’s representatives to answer questions about or discuss the Exploration Program Results.
ERCOSPLAN’s geological supervision shall be accomplished as ERCOSPLAN determines appropriate, but will at a minimum include the presence of one exploration geologist while evaporate sections are being cored, and stand-by back-office capacity on hold to support the site geologist.
Effective Date: as of November 1, 2012 The Hopi Tribe, a federally recognized Indian tribe By: /s/ ▇▇▇▇▇ Shingoitewa ▇▇▇▇▇ Shingoitewa, Chairman Passport Potash Inc., a Canadian corporation By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇ Name: ▇▇▇▇▇▇ ▇▇▇▇▇, President/CEO Title: ACKNOWLEDGED GENERALLY, AND AGREED WITH RESPECT TO SECTIONS 3 AND 4 ERCOSPLAN Ingenieurgesellschaft Geotechnik und Bergbau mbH By: ______________________________________________ Name: Title: ▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇ Section 14.
ERCOSPLAN has also been engaged by Hopi to evaluate the potash resource potential on its lands.
On the First Closing Date and each Option Closing Date, the Representatives shall have received from ERCOSPLAN a letter dated such date, in form and substance satisfactory to the Representatives, which letter shall reaffirm the statements made in the letter furnished by ERCOSPLAN pursuant to Section 6(b) hereof, except that the procedures shall be brought down to a date no more than three Business Days prior to the First Closing Date or the applicable Option Closing Date, as the case may be.
Based upon exploration work performed by PPI in the Area of Interest, and its review of the Hopi property, ERCOSPLAN has recommended that PPI and Hopi combine their properties in a PEA.
For the purpose of evaluating the economic potential of its potash properties, PPI has engaged an engineering firm, ERCOSPLAN, to produce a National Instrument 43-101 compliant Preliminary Economic Assessment (“PEA”) report for its ▇▇▇▇▇▇▇▇ Basin potash properties.