Exploration Cost definition

Exploration Cost means the cost incurred by the CONTRACTOR for exploration operations.
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Exploration Cost means an expense incurred for the purposes of determining the existence, location, extent, quality or economic potential of a diamond or diamond-bearing deposit in Ontario, but does not include an expense incurred for the purposes of bringing a diamond mine into production;
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Exploration Cost means a cost referred to in subsection 30(2); « frais d’exploration »
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Examples of Exploration Cost in a sentence

  • For clarification, it is approved possibility that Development Cost can occur within Exploration Period and Exploration Cost within Development Period.

  • Prior to earning any Interest, Avaron will indemnify and hold the Company harmless from any claim of or liability to any third person asserted upon the ground that any action taken under this Agreement has resulted in or will result in any loss or damage to such third person, to the extent, but only to the extent, that such claim or liability is paid by the Company, and any such amount when paid to the Company will be included as an Exploration Cost hereunder.

  • All the costs and expenses incurred by the Contractor depends on the Work Program and Budget adopted by JMC and approved by the CNPC in evaluation phase shall be deemed as the Exploration Cost, and shall be born and recovered by the Contractor and recorded in exploration cost account base on the Annex II of the Contract, subject to Article 19 of the Contract.