Common use of Project Area Clause in Contracts

Project Area. 4.4.1 The Project Area is defined by the map in Appendix 2 and covers an area approximately 420 square kilometres. Party A currently holds three Exploration Rights, namely a. Sanqicun (61.71 sq. km); b. Gongguo (30.42 sq. km) and c. Waiyao - Xiamaizhang (29.84 sq km) and one Mining Right at Xiaoganqin (0.2 sq. km), within the Project Area. , The Exploration Rights are detailed in Appendix 3 attached hereto. The Mining Right at Xiaoganqin is located within the Exploration Right at Gongguo; details of the Xiaoganqin Mining Right are detailed in Appendix 4 attached hereto. 4.4.2 Party A shall provide all information on geology, past exploration and mining activities it or any of its related units has at its or any of its related unit's disposal to the Company so as to enable the Company to select new areas and apply for or accept the transfer of exploration and or mining rights in addition to the existing exploration right currently being held by Party A as included in the Appendix 2, Appendix 3 and Appendix 4. 4.4.3 Party A shall transfer all the exploration rights and/or any mining rights it or any of its related units currently holds within the Project Area to the Company upon the Company's request. With the Company's written consent as approved by the Board, Party A may, in its discretion, dispose of any of the rights that are not selected by the Company provided however that Party A is solely responsible for any liabilities associated with any rights that it may decide to dispose of in accordance with this Article 4.4.3 4.4.4 If either Party or its related unit wishes to apply for exploration or mining right for any particular area within the Project Area, it must notify the Company first and grant the Company the first right of refusal to apply for exploration or mining right for such area. If the Company elects to file such application and apply for such exploration or mining right then the Company does not have to pay for such right. If the Company elects not to proceed with such application, then with the written consent of the Company, such Party or its related unit may act freely, including act jointly with a third party, provided that such Party shall be solely responsible for any liabilities associated therewith. This Article 4.4.4 shall not be applicable to the Pending Exploration Right Application as stipulated in Article 7.2. 4.4.5 The Company may, at any time during the term of this Contract, relinquish part of the Project Area or may decide to relinquish the entire area comprising the Project Area. Either Party has the right to apply for exploration or mining right for the relinquished area, provided that such Party shall be solely responsible for any liabilities associated therewith. Upon either Party's request, the Company will assist such Party to do so.

Project Area. 4.4.1 The Project Area is defined by the map in Appendix 2 and covers an area approximately 420 1,500 square kilometres. Party A currently holds three Exploration Rights, namely a. Sanqicun Laohuoshan (61.71 101.46 sq. km); b. Gongguo Jiduosikeshu (30.42 100.68 sq. km) and c. Waiyao -Xicha - Xiamaizhang Daliangzi (29.84 40.48 sq km); and two Exploration Rights Application a. Budo (95.2 sq. km) and one Mining Right at Xiaoganqin b. Lumuo (0.2 122.28 sq. km), ) within the Project Area. , The Exploration Rights and Exploration Right Applications are detailed in Appendix 3 attached hereto. The Mining Right at Xiaoganqin is located within Exploration Rights are currently registered under the name of Party A subsidiary entity Yunnan Non-ferrous Geology & Exploration Institute and the Exploration Right at Gongguo; details of the Xiaoganqin Mining Right are detailed in Appendix 4 attached heretoRights Applications have been submitted to relevant governmental authority by Yunnan Non-ferrous Geology & Exploration Institute. 4.4.2 Party A shall provide all information on geology, past exploration and mining activities it or any of its related units has at its or any of its related unit's disposal to the Company so as to enable the Company to select new areas and apply for or accept the transfer of exploration and or mining rights in addition to the existing exploration right currently being held by Party A as included in the Appendix 2, Appendix 3 2 and Appendix 43. 4.4.3 Party A shall transfer all the exploration rights and/or any mining rights it or any of its related units currently holds within the Project Area to the Company upon the Company's request. With the Company's written consent as approved by the Board, Party A may, in its discretion, dispose of any of the rights that are not selected by the Company provided however that Party A is solely responsible for any liabilities associated with any rights that it may decide to dispose of in accordance with this Article 4.4.3 4.4.4 If either Party or its related unit wishes to apply for exploration or mining right for any particular area within the Project Area, it must notify the Company first and grant the Company the first right of refusal to apply for exploration or mining right for such area. If the Company elects to file such application and apply for such exploration or mining right then the Company does not have to pay for such right. If the Company elects not to proceed with such application, then with the written consent of the Company, such Party or its related unit may act freely, including act jointly with a third party, provided that such Party shall be solely responsible for any liabilities associated therewith. This Article 4.4.4 shall not be applicable to the Pending Exploration Right Application as stipulated in Article 7.2. 4.4.5 The Company may, at any time during the term of this Contract, relinquish part of the Project Area or may decide to relinquish the entire area comprising the Project Area. Either Party has the right to apply for exploration or mining right for the relinquished area, provided that such Party shall be solely responsible for any liabilities associated therewith. Upon either Party's request, the Company will assist such Party to do so.