Tailings and Residues. All tailings, residues, waste rock, spoiled leach materials and xxxxr materials (collectively "Materials") resulting from TOGI's operations and activities on the Royalty Property shall be TOGI's sole property, but shall remain subject to the Royalty if they are processed or reprocessed and TOGI 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 4 contracts
Samples: Mining Lease and Option to Purchase Agreement (Tornado Gold International Corp), Mining Lease and Option to Purchase Agreement (Tornado Gold International Corp), Mining Lease and Option to Purchase Agreement (Tornado Gold International Corp)
