Decision to Mine definition

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

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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 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

• The JV Parties will in good faith endeavour to cause the Joint Venture Agreement to be executed within thirty (30) Business Days of the Decision to Mine.

• If the Management Committee decides by Unanimous Vote or a Super Majority Vote (as applicable in accordance with clause 5.5) to approve that Bokney Development Proposal and make a Decision to Mine then clause 3.3(c) shall apply.

• If that party's feasibility study later forms the basis of a Decision to Mine by the Operating Committee, then the Venture shall reimburse that party for all costs of the feasibility study.

• Once a Decision to Mine is made, KALG/TM and IDO/INDE will each pay their working interest share of all capital and operating costs going forward.

• A 15,000,000 Company declaring under the JORC Code a minimum 250,000 ounce contained gold inferred, indicated and/or measured Mineral Resource with a grade of at least 0.75 g/t (and cut-off grade of at least 0.5 g/t) 5 years from the date of issue B 15,000,000 Company announcing a Decision to Mine* 5 years from the date of issue * Decision to Mine means a decision made by the Company to commence commercial mining operations on one or more of the Project tenements.

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 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 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 made by the Management Committee (as Mangament Committee is defined in the Joint Venture terms) means a decision of the Joint Venture, based upon a Bankable Feasibility Study, to develop a mine for Iron Ore within the Tenement Area.

Decision to Mine has the meaning given in clause 6.1. Confidential and Legally Privileged page 4

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