Mineral Resources and Reserves Clause Samples
The 'Mineral Resources and Reserves' clause defines how mineral deposits and their quantities are identified, classified, and reported within an agreement. It typically outlines the standards or methodologies to be used for estimating resources and reserves, such as compliance with recognized industry codes or the use of qualified professionals. This clause ensures that all parties have a clear, consistent understanding of the mineral assets involved, reducing the risk of disputes over resource estimates and supporting informed decision-making regarding project development or investment.
Mineral Resources and Reserves. The most recent estimated measured, indicated and inferred mineral resources and proven and probable mineral reserves disclosed in the New Gold Public Documents have been prepared and disclosed in accordance in all material respects with accepted engineering practices and applicable Law, including without limitation, NI 43-101. There has been no material reduction in the aggregate amount of estimated mineral resources or mineral reserves of the Offeror and its subsidiaries, taken as a whole, from the amounts disclosed in the New Gold Public Disclosure Documents, except as a result of production in the normal course.
Mineral Resources and Reserves. The most recent estimated measured, indicated and inferred mineral resources and mineral reserves disclosed in the Acquirer Public Documents have been prepared and disclosed in all material respects in accordance with accepted engineering practices and Applicable Law. There has been no material reduction in the aggregate amount of estimated mineral resources or mineralized material of Acquirer or the Acquirer Subsidiaries, taken as a whole, from the amounts disclosed in the Acquirer Public Documents.
Mineral Resources and Reserves. The most recent estimated, indicated, measured and inferred mineral resources and proven and probable mineral reserves disclosed in the Taseko Disclosure Documents filed before the date of this Agreement have been prepared and disclosed in all material respects in accordance with accepted mining, engineering, geoscience and other approved industry practices and all applicable Laws, including the requirements of NI 43-101. The information provided by Taseko to the Qualified Persons (as defined in NI 43-101) in connection with the preparation of such estimates was complete and accurate at the time such information was furnished. There has been no material reduction in the aggregate amount of estimated mineral resources or mineral reserves of Taseko from the amounts disclosed in the Taseko Disclosure Documents. All material information regarding the Taseko Property and the Taseko Mineral Rights, including technical reports and studies, that are required to be disclosed by Laws, have been disclosed in the Taseko Disclosure Documents except where an omission of such disclosure may not reasonably be expected to have a Material Adverse Effect on Taseko.
Mineral Resources and Reserves. The qualitative and quantitative data regarding proven and probable mineral resources and reserves of the Company included or incorporated by reference in the Registration Statement, the General Disclosure Package and the Prospectus (i) were derived in all material respects in accordance with the procedures described in the Registration Statement, the General Disclosure Package and the Prospectus and all applicable industry standards, including Regulation S-K Rule 1300 under the 1934 Act, and (ii) have been determined by SRK Consulting (U.S.), Inc., Adamas Intelligence Inc. and SGS North America Inc., each an independent consulting firm.