Record Keeping Requirement. A locator must keep a record of all minerals recovered during exploration operations and must pay to the state a royalty of five percent (5%) of the gross value of the minerals recovered. Payment must be made each year with the filing of the assessment work report. (2-7-91)
Appears in 7 contracts
Samples: Riverbed Mineral Leasing Agreement, Riverbed Mineral Leasing Agreement, Riverbed Mineral Leasing Agreement
