Exploration Expenses definition

Exploration Expenses means all costs, expenses, obligations, liabilities and charges of whatsoever nature or kind incurred or chargeable, directly or indirectly, in connection with the exploration and development of the Property including, without limiting the generality of the foregoing, all costs reasonably attributable, in accordance with generally accepted accounting principles, to the design, planning, testing, financing, administration, marketing, engineering, legal, accounting, transportation and other incidental functions associated with the exploration and mining operation contemplated by this Agreement and with the Facilities, but does not include Operating Expenses nor Capital Expenses.

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Exploration Expenses means all expenditures incurred on reclamation of the Claims and on exploration and development activities (including activities associated with preparation of a feasibility study) directed towards disclosure and definition of an ore body on the Claims, including payments required to maintain the Claims in good standing, monies expended in paying the fees, wages, salaries, travelling expenses and fringe benefits of all persons engaged in work with respect to or for the benefit of the Claims and which are attributable to such persons work on the Claims;

Exploration Expenses means all costs, expenses, obligations, liabilities and charges of whatsoever nature or kind incurred or chargeable, directly or indirectly, in connection with the exploration and development of the Property all determined in accordance with generally accepted accounting principles including, without limiting the generality of the foregoing, all costs reasonably attributable, in accordance with generally accepted accounting principles, to the design, planning, testing, financing, administration, marketing, engineering, legal, accounting, transportation and other incidental functions associated with the exploration and mining operation contemplated by this Agreement and with the Facilities, but does not include Operating Expenses nor Capital Expenses.

Examples of Exploration Expenses in a sentence

The Statement will distinguish between Exploration Expenses, Development Expenses and Operating Expenses and will separately identify all significant items of expenditures within these categories.
If the Optionee makes the payments, issues the shares and incurs the Exploration Expenses described in section 4.02 before such time, if any, as the Option is validly terminated, it will, without any further act or payment, have and be deemed for all purposes to have exercised the Option.
If the Optionee makes the payments, issues the shares and provides documentation that it has incurred the Exploration Expenses described in section 4.02 before such time, if any, as the Option is validly terminated, it will, without any further act or payment, have and be deemed for all purposes to have exercised the Option.
After recovery of Operating Expenses any excess Cost Oil available for distribution shall be applied to recover Exploration Expenses.
Exploration Expenses incurred in a given year after the Commencement of Commercial Production within the Area of Interest shall be deducted up to an annual maximum of ten million U.S. Dollar in the year they are incurred.

More Definitions of Exploration Expenses

Exploration Expenses means those expenses as so categorised in Annex “D”, the Accounting Procedure.

Exploration Expenses means costs and expenses of whatsoever kind or nature, including those of a capital nature, incurred or chargeable with respect to the exploration and development of the Property and the maintenance of the Property in good standing.

Exploration Expenses has the meaning ascribed to it in the Mines and Minerals Act, Manitoba Regulations 64/92, Schedule B;

Exploration Expenses means the expenses incurred by the Company in the carrying out the Exploration.

Exploration Expenses means the expenses to be incurred by the Vendor to determine the existence, location, extent or quality of mineral resources on the Properties, including any "grassroots" exploration expense incurred in the course of prospecting, carrying out geological, geophysical or geochemical surveys, drilling by rotary, diamond, percussion or other methods or trenching, digging test pits and preliminary sampling.

Exploration Expenses means the expenses incurred by the Company in the carrying

Exploration Expenses means all costs, expenses and charges of whatsoever kind or nature incurred by the Optionee in connection with the exploration, development and maintenance of the Property, determined in accordance with Canadian generally accepted accounting practices.