Operation of the Properties. 4.1 SALICO may, but shall not be obligated to, treat, mill, heap ▇▇▇▇▇, sort, concentrate, refine, smelt, or otherwise process, beneficiate or upgrade the ores, concentrates, and other Mineral Products at sites located on or off the Properties, prior to sale, transfer, or conveyance to a purchaser, user, or consumer. SALICO shall have complete discretion concerning the nature, timing and extent of all exploration, development, mining and other operations conducted on or for the benefit of the Properties and may suspend operations and production on the Properties at any time it considers prudent or appropriate to do so. SALICO shall owe Gareste no duty to explore, develop or mine the Properties, or to do so at any rate or in any manner other than that which SALICO may determine in its sole and unfettered discretion.
Appears in 3 contracts
Sources: Property Purchase Agreement (Pan American Lithium Corp), Property Purchase Agreement, Securities Exchange Agreement (Pan American Lithium Corp)