Common use of Mineral Resources and Reserves Clause in Contracts

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.

Appears in 2 contracts

Sources: Acquisition Agreement (New Gold Inc. /FI), Acquisition Agreement (New Gold Inc. /FI)