Examples of Prefeasibility Study in a sentence
The Company may produce, at its sole discretion, a Preliminary Economic Assessment (PEA) and a Prefeasibility Study (PFS).
White Rock announced in 20204 a positive updated Mt Xxxxxxxxxx Prefeasibility Study (U-PFS) based on a “Gold First Strategy” with a gold Probable Reserve (JORC 2012) using a conventional crush / grind and CIL processing circuit.
Upon the Optionee paying such sums, incurring such expenditures, issuing such Royce Shares and preparing and delivering the Pre-feasibility Study as required pursuant to sections 2.2(a), (b) and (c) hereof, the Optionee will be deemed to have exercised the Option and to have acquired a 100% right, title and interest in the Property, subject only to the Royalty.
Notwithstanding section 3.1, upon the Optionee, having completed the payments and share issuances pursuant to section 2.2(a) and having prepared and delivered a Pre-feasibility Study pursuant to section 2.2(c), notwithstanding the amount of exploration expenditures that may have been incurred on the Property, the Optionee will have earned a 100% interest in the Property.
To earn its interest, Barrick must incur a minimum US$10.0 million in exploration expenditures and deliver a qualifying Pre-feasibility Study prior to the sixth anniversary of the Agreement.