Decision to Mine definition

Decision to Mine is defined and means the date the Group has both completed feasibility studies on the Project, and made a formal decision to proceed with procurement and infrastructure development for the mine. A further 7.5 million options will be issued upon commencement of mining as per the above agreement. All options issued to WLDAC have an exercise price of $0.50 and will expire four years from the date of issue.

Decision to Mine means PTOIM providing written notice to PTIB that, having completed an exploration programme and project feasibility study, it wishes to proceed to commercial exploitation of coal resources in the concession area

Decision to Mine a decision taken by Plateau and PPL in accordance with 6.1.8, as read with 6.1.9, to proceed with Mining within the JV Area; CIS/AAP/669 Page 12 1256/AAP/KJW 26/04/2004 “the Effective Date” the date of fulfilment of all of the suspensive conditions in clause 23;

Examples of Decision to Mine in a sentence

• Any Decision to Mine on the Project will require Cradle to provide funding to PHT based on its pro-rata shareholding in PHT or dilute its interest in PHT based upon a value of such interest of US$20 million plus contributions made by Cradle since October 2015, which is currently approximately US$3.5 million.

• Jindalee’s 20% participatory interest is loan‐carried through to a Decision to Mine.

• Subject to the outcome of the dispute, if the definitive feasibility study which has been presented is accepted as a definitive feasibility study within the meaning of the Shareholders Agreement the parties will then consider whether to proceed with construction of a mine to carry out mining activities on the Project ("Decision to Mine").

• Upon completion of the DFS but prior to a Decision to Mine, Boss may elect to convert the remainder of their interest to a 1.5% Net Smelter Return, otherwise Boss shall be free carried to a decision to mine and will then be required to contribute on a pro rata basis.

• Any Decision to Mine on the Project will require Cradle to provide funding to PHT based on its pro-rata shareholding in PHT or dilute its interest in PHT based upon a value of such interest of US$20 million plus contributions made by Cradle since October 2015, which is currently approximately US$3.4 million.

More Definitions of Decision to Mine

Decision to Mine means a decision to proceed with a proposal to carry out mining in accordance with a Bankable Feasibility Study on a Significant Orebody;

Decision to Mine means a decision by the Manager to recommend to the Participants that they undertake mining following a positive Feasibility Study, and being a decision communicated by the Manager by notice to the other Participant;

Decision to Mine means a decision to establish and develop a mine in the Project Area, taken by the Board under Section 9.0;

Decision to Mine means the decision to start commercial production from the underground but excludes any production that may occur as result of sweeping and vamping operations conducted during the assessment period; MEMORANDUM OF AGREEMENT PAGE 4 --------------------------------------------------------------------------------

Decision to Mine means PTOIM providing written notice to PTIB that, having completed an exploration programme and project feasibility study, it wishes to proceed to commercial exploitation of coal resources in the concession area DIRECTORS AND COMPANY SECRETARY Information concerning Directors in office during or since the financial year are: Farooq Khan Executive ChairmanAppointed 23 October 2006Qualifications BJuris , LLB. (Western Australia)Experience Mr Khan is a qualified lawyer having previously practised principally in the field of corporate law. Mr Khan has extensive experience in the securities industry, capital markets and the executive management of ASX listed companies. In particular, Mr Khan has guided the establishment and growth of a number of public listed companies in the investment, mining and financial services sector. He has considerable experience in the fields of capital raisings, mergers and acquisitions and investments.Relevant interest in shares 2,000 shares - directly8,558,127 shares - indirectly9Special Responsibilities Chairman of the Company and the Investment CommitteeOther current directorships inlisted entities Former directorships in other listed entities in past 3 yearsCurrent Chairman and Managing Director of:(1) Queste Communications Ltd (QUE) (since 10 March 1998)Current Chairman of:(2) Bentley International Limited (BEL) (director since 2 December 2003)(3) Scarborough Equities Limited (SCB) (since 29 November 2004)Current Executive Director of:(4) Strike Resources Limited (SRK) (since 9 September 1999)(5) Alara Uranium Limited (AUQ) (since 18 May 2007)(1) Altera Capital Limited (AEA) (9 November 2001 to 18 October 2005)(2) Sofcom Limited (SOF) (3 July 2002 to 18 October 2005) William M. Johnson Executive DirectorAppointed 28 February 2003.Qualifications MA (Oxon), MBAExperience Mr Johnson commenced his career in resource exploration and has most recently held senior management and executive roles in a number of public companies in Australia, New Zealand and Asia. As Regional Director Asia Pacific for Telecom New Zealand Ltd, Mr Johnson was responsible for identifying, evaluating and implementing investment strategies that included start-up technology ventures, a technology focussed venture capital fund and strategic investments and acquisitions in Asia and Australia. As Executive Director, Mr Johnson is part of the Investment Committee of the Company and has been actively involved in the strategic analysis of a diverse range of busines...

Decision to Mine means a decision by the Operating Committee to proceed to Development and Mining of a Project.

Decision to Mine means a decision by the Operating Committee, based on a positive feasibility study, to proceed with the development and construction of a mine on the Venture Property.