No Royalty on Test Materials. Lessee shall have the right to mine and market amounts of Mineral Substances reasonably necessary for sampling, assaying, metallurgical testing and evaluation of the mineral potential of the Premises without incurring any obligation to make production royalty payments.
Appears in 6 contracts
Samples: Mineral Lease Agreement and Option to Purchase (Midway Gold Corp), Mineral Lease Agreement and Option to Purchase (Midway Gold Corp), Mineral Lease Agreement and Option to Purchase (Midway Gold Corp)
No Royalty on Test Materials. Lessee shall have the right to mine and market amounts of Mineral Substances reasonably necessary for sampling, assaying, metallurgical testing and evaluation of the mineral potential of the Premises without incurring any obligation to make production royalty Production Royalty payments, provided, that the cumulative total tonnage of the Mineral Substances consumed in such testing and evaluation shall not exceed 10,000 tons.
Appears in 2 contracts
Samples: Mineral Lease (Prophecy Development Corp.), Mineral Lease Agreement (Prophecy Development Corp.)
No Royalty on Test Materials. Lessee shall have the right to mine and market amounts of Mineral Substances reasonably necessary for sampling, . assaying, . metallurgical testing and evaluation of the mineral potential of the Premises without incurring any obligation to make production royalty payments.
Appears in 1 contract
