Common use of Mining Claims Clause in Contracts

Mining Claims. The material mining licenses claims, concessions, exploration, extraction and other mineral property rights are disclosed in the Offering Documents. All Mining Claims of Augusta and the Material Subsidiaries that are held by Augusta or the Material Subsidiaries, are in good standing, are valid and enforceable, are free and clear of any material Liens or charges and no material royalty is payable in respect of any of them, except as set out in the Offering Documents. Except as set out in the Offering Documents, no other property rights are necessary for the conduct of Augusta’s or the Material Subsidiaries’ business as it is currently being conducted; and there are no material restrictions on the ability of Augusta or the Material Subsidiaries to use, transfer or otherwise exploit any such property rights except as required by applicable law. Except as disclosed in the Offering Documents, the Material Subsidiaries are the owners of Mining Claims necessary to carry on their current and proposed mining and exploration activities as disclosed in the Offering Documents. Except as disclosed in the Offering Documents, Mining Claims held by Augusta or the Material Subsidiaries cover the properties required by Augusta for such purposes as contemplated by the Feasibility Study.

Mining Claims. The material mining licenses claims, concessions, exploration, extraction and other mineral property rights that are disclosed set forth in the Offering DocumentsCompany’s Annual Information Form dated March 25, 2009 (collectively, the “Mining Claims”) is a complete and accurate list of all such rights held by ▇▇▇▇▇▇ and the Material Subsidiaries. All Mining Claims of Augusta ▇▇▇▇▇▇ and the Material Subsidiaries that are held by Augusta ▇▇▇▇▇▇ or the Material Subsidiaries, are in good standing, are valid and enforceable, are free and clear of any material Liens or charges and no material royalty is payable in respect of any of them, except as set out in the Offering Documents. Except as set out in the Offering Documents, no other property rights are necessary for the conduct of Augusta’s ▇▇▇▇▇▇’▇ or the Material Subsidiaries’ business as it is currently being conducted; and there are no material restrictions on the ability of Augusta ▇▇▇▇▇▇ or the Material Subsidiaries to use, transfer or otherwise exploit any such property rights except as required by applicable law. Except as disclosed in the Offering Documents, the Material Subsidiaries are the owners of Mining Claims necessary to carry on their current and proposed mining and exploration activities as disclosed in the Offering Documents. Except as disclosed in the Offering Documents, Mining Claims held by Augusta ▇▇▇▇▇▇ or the Material Subsidiaries cover the properties required by Augusta ▇▇▇▇▇▇ for such purposes as contemplated by the Technical Reports and/or Feasibility Study.