Exploration Budget definition

Exploration Budget and “Exploration Program” shall mean any relevant budget and program, as the case may be, pertaining to such phase (or part thereof) approved by the Board from time to time
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Exploration Budget means a description in reasonable detail of operations to be conducted and objectives to be accomplished by the Company for a given period with respect to the Exploration Phase, together with a detailed estimate of all operating and capital costs to be incurred by, the Company, together with a funding plan (if relevant) including any proposed Additional Funding required by the Company with respect to such operations;
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Exploration Budget means an estimate of expenditures to be made by Coastal for exploration operations contemplated hereunder to accomplish the Work Program for each particular period.
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Examples of Exploration Budget in a sentence

  • The Company's operations shall be conducted, expenses shall be incurred, and assets shall be acquired only pursuant to an approved annual budget which shall include on a consolidated basis the Tianyuan Annual Budget approved in terms of Section 8 or the Continental Exploration Budget or CTVH Exploration Budget (as the case may be) approved in terms of Section 6.

  • The preliminary 2015 Minera Juanicipio Exploration Budget is approximately $2.1 million (MAG’s 44% share is $0.9 million), and 2015 exploration targets were identified at an onsite exploration day in December attended by exploration teams from both MAG and Fresnillo.

  • Proposed Exploration Budget for the Twin Hills Project Twin Hills Expenditure AUD$ Cookes Creek The Cookes Creek area is made up of two granted exploration licenses (E46/1095 and E46/1163) about 85km south east of Marble Bar in the East Pilbara of Western Australia that cover an area of 51km2.

  • We see many exciting growth opportunities in 1997 for Union Texas and we are working hard to capitalize on these opportunities." 1997 Exploration Budget Up Nearly 90% from 1996 ----------------------------------------------- Union Texas' 1997 capital plans call for approximately $68 million for exploration activities, an increase of nearly 90% from $36 million spent in 1996.

  • If the Management Committee for any reason fails to approve a Program and Budget on or before July 1 of any Contract Year during the Exploration Period, the then-proposed or alternative Program and Budget (whether submitted by the Operator or another Member) proposing the larger Exploration Budget shall be deemed to be approved.

  • During the year, Alamos funded their 50% of the Special Exploration Budget.

  • Its name “commission” somehow implied the high administrative control of arbitrators and arbitral proceedings of the commission board.

  • Canadian Malartic Mine Exploration Budget Agnico Eagle announced that a total of 140,000 metres of drilling is budgeted for 2018.

  • The Exploration Budget for the calendar year ending December 31, 2014 is attached hereto as Exhibit C.

  • Osisko has a 2% NSR royalty on the Ermitaño project.Agnico Eagle Increases Exploration Budget on Kirkland Lake PropertyAgnico Eagle announced plans to drill 36,500 metres at the Upper Beaver project in 2021, including additional shallow drilling to test an open pit concept and further deep drilling to convert mineral resources to mineral reserves.


More Definitions of Exploration Budget

Exploration Budget means a description in reasonable detail of operations to be conducted and objectives to be accomplished by the Company for a given period with respect to the Exploration Phase, together with a detailed estimate of all operating and capital costs to be incurred by, the Company, together with a funding plan (if relevant) including any proposed Additional Funding required by the Company with respect to such operations; “Exploration Drilling Stage” has the meaning given to it in Clause 7.3.4 (Exploration Stages); “Exploration License Applications” means applications for Exploration Licenses to explore for all of the metals set forth in Schedule 7 (Metals) in and on the Ma’aden Land, including those which as at the Effective Date have been applied for by Ma’aden as set out in 0 of Schedule 6 (Ma’aden Land Area); “Exploration License” means a document issued by MIMR which constitutes approval to conduct a detailed activity leading to the discovery of deposits, using geological, geophysical or geochemical methods, different types of drilling or any other appropriate method in any location to determine the presence, extensions, quantities, types and mining viability of such deposits and includes:
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Exploration Budget means, with respect to Exploration to be conducted pursuant to an Exploration License issued pursuant to this Agreement, the budget approved by the Government pursuant to the Exploration Regulations.
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Related to Exploration Budget

  • Development Budget has the meaning set forth in Section 3.1.

  • Project area budget means a multiyear projection of annual or cumulative

  • Construction Budget means the fully-budgeted costs for the acquisition and construction of a given parcel of real property (including, without limitation, the cost of acquiring such parcel of real property, reserves for construction interest and operating deficits, tenant improvements, leasing commissions, and infrastructure costs) as reasonably determined by the Parent in good faith.

  • CapEx Budget means the annual budget for the Asset Entities taken as a whole covering the planned Capital Expenditures for the period covered by such budget. The CapEx Budget shall not include Capital Expenditures consisting of discretionary expenditures made to acquire fee or easement interests with respect to any Ground Lease Tower Site or Easement Tower Site, or non-recurring expenditures made to enhance the Operating Revenues of a Tower Site.

  • Project Budget means the budget and project description included in the grant application. The Project Budget must succinctly describe all major elements of project work, the estimated cost of each, and clearly allocate requested grant funding and match contributions to each.

  • Budget means a resource, expressed in financial terms, proposed by the Board for the purpose of carrying out, for a specific period, any or all of the functions of the Trust.

  • Project area plan means a written plan that, after its effective date, guides and controls the development within a project area.

  • Exploration Costs means costs incurred in identifying areas that may warrant examination and in examining specific areas that are considered to have prospects that may contain oil and gas reserves, including costs of drilling exploratory wells and exploratory type stratigraphic test wells. Exploration costs may be incurred both before acquiring the related property and after acquiring the property. Exploration costs, which include applicable operating costs of support equipment and facilities and other costs of exploration activities, are:

  • Operating Budget has the meaning given in Section 3.11(a).

  • exploration area means that part of the Area allocated to the Contractor for exploration, described in schedule 1 hereto, as the same may be reduced from time to time in accordance with this contract and the Regulations;

  • Annual Work Plan and Budget means the work plan and budget approved by the Bank and adopted by the Borrower in accordance with the provisions of Section I.C of Schedule 2 of this Agreement, as said work plan and budget may be modified from time to time with the written agreement of the Bank.

  • Research Budget has the meaning set forth in Section 2.2.

  • Approved Project Budget means the most recent statement, approved by the FTA, of the costs of the Project, the maximum amount of Federal assistance for which the TJPA is currently eligible, the specific tasks (including specified contingencies) covered, and the estimated cost of each task.

  • Approved Budget means an annual budget-

  • Capital Expenditure Budget shall constitute an estimate for the applicable period of the capital expenditures required to (i) accomplish capital enhancement projects included in the most recently approved Strategic Plan, (ii) maintain and preserve the Partnership's assets in good operating condition and repair and (iii) achieve or maintain compliance with any HSE Law.

  • Redevelopment Plan means the “Lincoln Center Redevelopment Plan” passed, adopted and approved by the City pursuant to the Resolution, and shall include any amendment of said Redevelopment Plan heretofore or hereafter made by the City pursuant to law.

  • Annual Operating Budget as defined in Section 6.2(c).

  • Business Plan means the information required to be supplied to the

  • Operating Plan means a plan adopted or amended under this section for the development, redevelopment, maintenance, operation and promotion of a business improvement district, including all of the following:

  • Project Costs means the costs of the construction, acquisition or equipping of the Project, as further described in the Project Budget, and such other costs as may be approved in writing by the Department, provided such costs are permitted by the Act.

  • Exploration Expenditures means the sum of all costs of acquisition and maintenance of the Property, all exploration and development expenditures and all other costs and expenses of whatsoever kind or nature including those of a capital nature, incurred or chargeable by KRC with respect to the exploration and development of the Property and the placing of the Property into Commercial Production.

  • Exploration Well means a well that is not a development well, a service well or a stratigraphic test well.

  • Capital Budget has the meaning given in Section 3.11(a).

  • Redevelopment Project Area means an area designated by the municipality, which is not less in the aggregate than 1 1/2 acres and in respect to which the municipality has made a finding that there exist conditions which cause the area to be classified as an industrial park conservation area or a blighted area or a conservation area, or a combination of both blighted areas and conservation areas.

  • Annual Budget means the operating budget, including all planned capital expenditures, for the Property prepared by Borrower for the applicable Fiscal Year or other period.

  • BASE budget means the minimum general fund budget of a district, which includes 80% of the basic