Common use of Mining Rights Clause in Contracts

Mining Rights. Except as disclosed in the Registration Statement and the Prospectus, the prospecting, exploration and mining rights, as applicable (the “Mining Rights”), of the Company and the Material Entities relating to the mineral properties described in the Registration Statement and the Prospectus as the Waterberg joint venture project located on the north limb of the Bushveld Igneous Complex (the “Material Properties”), are in good standing, are valid and enforceable, are free and clear of any material liens or charges and, other than as set out in the Registration Statement and the Prospectus, no material royalty is payable in respect of any of them. Except as set out in the Registration Statement and the Prospectus, no property rights other than the Mining Rights are necessary for the conduct of the Company’s or the Material Entities’ business as now conducted or proposed to be conducted in the Registration Statement and the Prospectus; and except as set out in the Registration Statement and the Prospectus, there are no material restrictions on the ability of the Company or the Material Entities to use, transfer or otherwise exploit any such rights. The Company and the Material Entities are the holders of the Mining Rights necessary to carry on the activities of the Company and the Material Entities as currently conducted. The Mining Rights held by the Company and the Material Entities cover the areas required by them for such purposes, except as disclosed in the Registration Statement and the Prospectus.

Mining Rights. Except as disclosed in the Registration Statement and the ProspectusProspectuses, the prospecting, exploration and mining rights, as applicable (the “"Mining Rights”"), of the Company and the Material Entities relating to the mineral properties described in the Registration Statement and the Prospectus Prospectuses as the Waterberg joint venture project located on the north limb of the Bushveld Igneous Complex (the “"Material Properties”"), are in good standing, are valid and enforceable, are free and clear of any material liens or charges and, other than as set out in the Registration Statement and the ProspectusProspectuses, no material royalty is payable in respect of any of them. Except as set out in the Registration Statement and the ProspectusProspectuses, no property rights other than the Mining Rights are necessary for the conduct of the Company’s 's or the Material Entities’ ' business as now conducted or proposed to be conducted in the Registration Statement and the ProspectusProspectuses; and except as set out in the Registration Statement and the ProspectusProspectuses, there are no material restrictions on the ability of the Company or the Material Entities to use, transfer or otherwise exploit any such rights. The Company and the Material Entities are the holders of the Mining Rights necessary to carry on the activities of the Company and the Material Entities as currently conducted. The Mining Rights held by the Company and the Material Entities cover the areas required by them for such purposes, except as disclosed in the Registration Statement and the ProspectusProspectuses.

Mining Rights. Except as disclosed in the Registration Statement and the ProspectusProspectuses, the prospecting, exploration and mining rights, as applicable (the “"Mining Rights”"), of the Company and the Material Entities relating to the mineral properties described in the Registration Statement and the Prospectus Prospectuses as the Waterberg joint venture project located on the north limb of the Bushveld Igneous Complex (the “"Material Properties”"), are in good standing, are valid and enforceable, are free and clear of any material liens or charges and, other than as set out in the Registration Statement and the ProspectusProspectuses, no material royalty is payable in respect of any of them. Except as set out in the Registration Statement and the ProspectusProspectuses, no property rights other than the Mining Rights are necessary for the conduct of the Company’s 's or the Material Entities’ ' business as now conducted or proposed to be conducted in the Registration Statement and the ProspectusProspectuses; and except as set out in the Registration Statement and the ProspectusProspectuses, there are no material restrictions on the ability of the Company or the Material Entities to use, transfer or otherwise exploit any such rights. The Company and the Material Entities are the holders of the Mining Rights necessary to carry on the activities of the Company and the Material Entities as currently conducted. The Mining Rights held by the Company and the Material Entities cover the areas required by them for such purposes, except as disclosed in the Registration Statement and the ProspectusProspectuses.