exploration area definition

exploration area means that part of the Area allocated to the Contractor for exploration, described in schedule 1 hereto, as the same may be reduced from time to time in accordance with this contract and the Regulations;

exploration area means the area of land, including its lateral limits, to which an exploration license relates;

exploration area means, for bonding purposes, one or more drill sites, comprising an integrated project conducted by a discoverer within one of the three districts presently established by the Land Quality Division of the Department of Environmental Quality.

Examples of exploration area in a sentence

• Official Employees shall have the right, at any reasonable time and upon forty-eight (48) hours’ Notice, to inspect the Exploration Area at its sole cost and risk and ensure that all Exploration Operations are carried out in accordance with this License and the provisions of Applicable Law.

• The Company, subject to ninety (90) days prior written notice to EMRA, shall have the right at any time to relinquish the whole or part of its rights in the Exploration Area, provided that the Company shall remain liable for all obligations accrued prior to the date of such renunciation in respect of the area relinquished.

• The Company shall have the exclusive right to explore for gold and associated minerals in the Exploration Area in accordance with the terms and conditions of this License.

• Company may, voluntarily, during any Exploration period relinquish all or any part of the Exploration Area in a single unit of whole Exploration Blocks or parts of Exploration Blocks; provided that at the time of such voluntary relinquishment its Exploration obligations under this License for the then current Exploration period have been fulfilled.

• However, at the end of the last Exploration period, the Company shall relinquish all parts of the Exploration Area not then containing a commercial discovery, or if no application to obtain an exploitation license has been submitted.

More Definitions of exploration area

exploration area means the area comprising the block or blocks depicted in an exploration or production right;

exploration area means the area consisting of the block or blocks to which an exploration licence relates;

exploration area means an area constituted by a block or blocks that are, or can be, subject to a petroleum exploration licence;

exploration area means an area of land subject to an exploration licence;

exploration area means the area comprising the block or blocks depicted in an

exploration area means the surface area within the Contract Area which has not been relinquished before the expiration of the exploration period hereof and in which Development Operations and Production Operations have not begun.

exploration area means an Exploration Area as defined in section 1(1) of the Petroleum Act;