Common use of Exploration only Clause in Contracts

Exploration only. The parties acknowledge and agree that pursuant to the framework ILUA and the accepted exploration contract: (a) they do not agree to the validation of, or consent to, the grant to the explorer of any production tenement or the carrying out by the explorer of any mining operations under any production tenement; and (b) the explorer will, if legally obliged to do so, be required: (i) to enter into an indigenous land use agreement; or (ii) in accordance with the right to negotiate procedure, to negotiate and enter into a separate agreement or obtain a determination from a court or tribunal of competent jurisdiction, to provide for the authorisation of the grant to the explorer of any production tenement or the carrying out of any mining operations under it.

Exploration only. The parties acknowledge and agree that that: (a) pursuant to the framework ILUA and the accepted exploration contract: (a) contract they do not agree to the validation of, or consent to, the grant to the explorer of any production tenement or the carrying out by the explorer of any mining operations under any production tenement; and (b) the explorer will, if legally obliged to do so, be required: (i) to enter into an indigenous land use agreementagreement ; or (ii) in accordance with the right to negotiate procedureprocedure , to negotiate and enter into a separate agreement or obtain a determination from a court or tribunal of competent jurisdiction, to provide for the authorisation of the grant to the explorer of any production tenement or the carrying out of any mining operations under it.

Exploration only. The parties acknowledge and agree that that: (a) pursuant to the framework ILUA and the accepted exploration contract: (a) contract they do not agree to the validation of, or consent to, the grant to the explorer of any production tenement or the carrying out by the explorer of any mining operations under any production tenement; and (b) the explorer will, if legally obliged to do so, be required: (i) to enter into an indigenous land use agreement; or (ii) in accordance with the right to negotiate procedure, to negotiate and enter into a separate agreement or obtain a determination from a court or tribunal of competent jurisdiction, to provide for the authorisation of the grant to the explorer of any production tenement or the carrying out of any mining operations under it.

Exploration only. The parties acknowledge and agree that pursuant to the framework ILUA and the accepted exploration contract: (a) they do not agree to the validation of, or consent to, the grant to the explorer of any production tenement or the carrying out by the explorer of any mining operations under any production tenement; and (b) the explorer will, if legally obliged to do so, be required: (i) to enter into an indigenous land use agreementagreement ; or (ii) in accordance with the right to negotiate procedureprocedure , to negotiate and enter into a separate agreement or obtain a determination from a court or tribunal of competent jurisdiction, to provide for the authorisation of the grant to the explorer of any production tenement or the carrying out of any mining operations under it.