Tailings and Residues. All tailings, residues, waste rock, spoiled xxxxx materials and other materials (collectively “Materials”) resulting from Lessee’s operations and activities on the Royalty Property shall be Lessee’s sole property, but shall remain subject to the Royalty if they are processed or reprocessed and Lessee receives revenues from such processing or reprocessing. If materials are processed or reprocessed, the Royalty payable shall be determined by using the best engineering, metallurgical, and technical practices and standards then available.
Appears in 5 contracts
Samples: Exploration and Mining Lease and Option to Purchase Agreement, Exploration and Mining Lease and Option to Purchase Agreement (Idaho North Resources Corp.), Exploration and Mining Lease and Option to Purchase Agreement (Idaho North Resources Corp.)
