Definitive Feasibility Study means a definitive feasibility study with respect to the Xxxxxxxx Project from Tetra Tech or another firm reasonably acceptable to the Majority Purchasers which (a) indicates that applicable metallurgical test work has been completed such that the entire flow sheet has been finalized and fixed and is fully specified to support basic and detailed engineering and obtaining firm vendor quotes; (b) indicates that at least 50% of basic engineering has been completed; (c) indicates that procurement is well-advanced; (d) indicates that capital and operating cost estimate with an accuracy of +/- 15%, has been completed and in the case of the capital cost estimate, has minimal reliance on factored estimates and primarily relies on takeoffs and unit rates; (e) indicates that significant trade-off and optimization studies have been completed; (f) indicates that all environmental assessments have been performed and all key permit applications have been submitted; (g) indicates that the Xxxxxxxx Project has a schedule that starts no later than the first quarter of 2014 and has a duration from Notice to Proceed (as defined in the EPCM or EPC contract) to Project Completion (as would be defined in a customary project finance facility) that does not exceed fifty-two (52) months; (h) indicates that the Xxxxxxxx Project is supported by reserves and resources of all potash members which the Company has the right to mine which are estimated using assumptions, methodologies and a mine plan acceptable to the Purchasers' independent engineering firm and meet NI 43-101 standards that have a tonnage and grade consistent with that presented in the Reserves and Resources Statement presented in the Preliminary Economic Assessment ("PEA") by Tetra Tech (which was filed with the SEC on December 22, 2011), and that in any event will (x) have sufficient demonstrable resources of ultimately recoverable standard product of all potash members that support a mine life of twenty-five (25) years and (y) have sufficient reserves to support a mine life of at least twenty (20) years; and (i) meets the definitive feasibility study requirements of commercial project finance lending banks, policy banks and major export credit agencies to which the Company will be applying for financial support, including compliance with the Equator Principles.
Definitive Feasibility Study. (DFS) means a feasibility study undertaken to a high degree of accuracy which may be used as a basis for raising finance for the construction of a project.
Definitive Feasibility Study. / “DFS” means the definitive feasibility study for both the Kabanga underground mine and the base metals refinery to determine the development requirements of the project, including capital and operating costs, which is expected to be completed in the second half of 2024.
Examples of Definitive Feasibility Study in a sentence
RTEK shall not be required to complete the pending works at the Updated Study to bring it to the level of and turn it into a Definitive Feasibility Study; however, RTEK shall remain available to provide support to ATLAS on it.
More Definitions of Definitive Feasibility Study
Definitive Feasibility Study in relation to a Project, a comprehensive document or documents that addresses all matters which are customarily required for an effective assessment of the viability of the development and mining of Minerals in, on or under the relevant Project Area, in such form and detail as may be required for the purposes of enabling the Board to reach the Decision to Mine or Decision not to Mine, as the case may be, and which shall include (but is not limited to) appropriately detailed information and data in respect of the following issues: ownership, location, geology and ore reserves, metallurgy, mining, materials handling, processing, ancillary facilities and site services, infrastructure for and availability of labour, energy supply, water, environmental impact studies and rehabilitation obligations, capital costs, costs to be incurred to sustain production including initial working capital, the time and critical path to place a mine or mines into production and financing requirements throughout the construction phase, financial analysis (including price sensitivity analysis) assumptions as to mineral prices and utilisation of a discount rate consistent with financing costs at the time as well as project and country risks “Companies Act” the Companies Act, No. 61 of 1973 (as amended)
Definitive Feasibility Study means a Feasibility Study approved by the Board of Directors.
Definitive Feasibility Study means a comprehensive technical and economic study of the selected development option for the Xxxxxxxx Project, from TetraTech or another reputable engineering firm, in which all geological, engineering, operating, economic and other relevant factors are considered in sufficient detail to demonstrate at the time of reporting that extraction is reasonably justified (economically mineable). Mining, infrastructure and processing plans will be completed with sufficient rigor such that capital and operating cost estimates could reasonably serve as the basis for a decision for the finance of the development of the Xxxxxxxx Project for mineral production.
Definitive Feasibility Study means a feasibility study as defined pursuant to the Canadian Institute of Mining, Metallurgy and Petroleum xxxxx://xxxx.xxx.xxx/media/1088/cim_definition_standards_may10_2014.pdf;
Definitive Feasibility Study means a study of the technical, commercial and economic feasibility of Development and Mining in the Properties or a portion thereof, and producing Minerals in significant commercial quantities, prepared or confirmed by a recognized and independent firm of mining engineering consultants, which includes summaries of all available exploration, geological, engineering and other relevant data and capital and operating cost estimates and (if appropriate) marketing studies in sufficient detail to enable options for optimum Development and Mining to be identified in reasonable detail, including:
Definitive Feasibility Study means a study of the technical, commercial and economic feasibility of Development, Mining, Concentration and Rehabilitation in the Mining Area and producing Products prepared by or supported by relevant subject matter reports from one or more expert(s), which includes exploration, geological, engineering, environmental and other relevant data, capital and operating cost estimates, confirmation of the required permits and approvals (if applicable), and (if appropriate) marketing studies in sufficient detail to enable options for optimum Development, Mining, Concentration and Rehabilitation to be identified in reasonable detail, which study is of a standard suitable to be submitted to a financial institution as the basis for lending of funds for the development and operation of the Mining activites contemplated in the study and is capable of supporting a FID and that qualifies as a "definitive feasibility study" under JORC.
Definitive Feasibility Study means the Definitive Feasibility Study in respect of the Project prepared in accordance with NI 43-101 and approved and adopted by the Board in respect of the development of the Project and dated January ¨, 2024 provided to the Majority Lenders, except that the financial model set out in such Definitive Feasibility Study (i) is superseded and will be deemed replaced by the Project Financing Rebaseline, and (ii) will be disregarded for all purposes of this Agreement as the same may be amended in accordance with Section 6.12.17.