Producing PML definition
Producing PML is a Primary Mining License in which there exists current active gold mining and production or that is temporarily suspended due to obvious problems such as water, break downs or financing. The PML may even be abandoned, but, contains identifiable shafts and serious workings that renewing production can be easily established based on assay results. “Pro-rata Portion” will be proportionately calculated based on the percentage or portion of the whole Special Mining License that each Owner’s license or licenses make up or contribute. i.e If the Special Mining License was originally comprised of six (6) individual PMLs and the Owners contribution to the whole Special Mining License is Two (2) PMLs of the six (6), then the Pro-rata Portion would be 33.3% of the whole Special Mining License.