Examples of Exploration Licences in a sentence
This Licence confers the rights attaching to Exploration Licences under the Legislation with respect to those portions of the offshore area described in Schedule A (the "Lands").
The Passendro project is situated in the centre of the Mining Licence which is ring-fenced by the two Bambari Exploration Licences.
On October 15, 2013, the Government of the CAR signed the Decree No. 13.412, stating that the duration of the validity of the Bambari 1 and 2 Exploration Licences held by Aurafrique SARL, a wholly owned CAR registered subsidiary of the Company, were extended for a period of one year from August 7, 2013 to August 6, 2014.
In addition, owners of Exploration Licences shall pay ESRF levies for each year of the term of the Exploration Licence in accordance with section 81 of the Canada Petroleum Resources Act during the term of the Exploration Licence.
Central African RepublicAXMIN holds a 100% interest in the Bambari properties which consist of a 25-year Mining Licence (355 sq km), granted in August 2010 and two Exploration Licences, Bambari 1 and 2 (1,240 sq km), also granted in August 2010.