Exploration Phase or “Phase” means any of the periods specified in Article 3 in which the Contractor is required to complete the Minimum Work Programme specified therein.
Exploration Phase means the phase covered by an Exploration Authorisation and determined in accordance with the provisions of Article 4.1 of this Contract.
Exploration Phase shall cover those activities directed toward ascertaining the existence, location, quality or commercial value of deposits of Products. Such phase shall include all activities undertaken through the completion of the Feasibility Study, but shall not include construction of milling or processing facilities or commencement by commercial mining operations on the Properties.
Examples of Exploration Phase in a sentence
It mean the Work Units that the Contractor is obliged to perform in each stage of the Exploration Phase, in accordance with Article 12 and Appendix D: Minimum Work Program.
More Definitions of Exploration Phase
Exploration Phase means any of the Initial Licensing Period, the First Renewal Period and the Second Renewal Period including any extensions thereof, as the case may be.
Exploration Phase means Operations conducted to ascertain the existence, location, extent or quantity of any deposit of ore or mineral. The Exploration Phase shall cease when a commercially recoverable reserve is determined to exist.
Exploration Phase means the period during which the Company’s activities are directed towards the finding and searching for petroleum on the Scheduled Lands and shall include the extended exploration phase as hereunder defined;
Exploration Phase means the term defined for Exploration in the paragraph 5.1.
Exploration Phase. Means all exploration periods, the Initial Exploration Phase and the Exploration Extension Phase, provided in Article 11.
Exploration Phase. Means the exploration period foreseen in Article 11.2.
Exploration Phase means exploration and land disturbance activities to determine the financial viability of a site. The exploration phase is not considered part of "mining operations."