Common use of Statements and ▇▇▇▇▇▇▇▇ Clause in Contracts

Statements and ▇▇▇▇▇▇▇▇. 2.01 The Operator shall, by invoice, charge each Participant with its Proportionate Share of Exploration Costs and Mine Costs in the manner provided in sections 7 and 15 of the Agreement respectively. 2.02 The Operator shall deliver, with each invoice rendered for Costs incurred a statement indicating: (a) all charges or credits to the Joint Account relating to Controllable Material ; and (b) all other charges and credits to the Joint Account summarised by appropriate classification indicative of the nature of the charges and credits. 2.03 The Operator shall deliver with each invoice for an advance of Costs a statement indicating: (a) the estimated Exploration Costs or, in the case of Mine Costs the estimated cash disbursements, to be made during the next succeeding month; (b) the addition thereto or subtraction therefrom, as the case may be, made in respect of Exploration Costs or Mine Costs actually having been incurred in an amount greater or lesser than the advance which was made by each Participant for the penultimate month preceding the month of the invoice; and (c) the advances made by each Participant to date and the Exploration Costs or Mine Costs incurred to the end of the penultimate month preceding the month of the invoice.

Statements and ▇▇▇▇▇▇▇▇. 2.01 The Operator shall, by invoice, charge each Participant with its Proportionate Share of Exploration Costs and Mine Costs in the manner provided in sections 7 and 15 of the Agreement respectively. 2.02 The Operator shall deliver, with each invoice rendered for Costs incurred a statement indicating: (a) all charges or credits to the Joint Account relating to Controllable Material in detail; and (b) all other charges and credits to the Joint Account summarised summarized by appropriate classification indicative of the nature of the charges and credits. 2.03 The Operator shall deliver with each invoice for an advance of Costs a statement indicating: (a) the estimated Exploration Costs or, in the case of Mine Costs or the estimated cash disbursements, disbursements to be made during the second next succeeding month; (b) the addition thereto or subtraction therefrom, as the case may be, made in respect of Exploration Costs or Mine Costs actually having been incurred in an amount greater or lesser than the advance which was made by each Participant for the penultimate month preceding the month of the invoice; and (c) the advances made by each Participant to date and the Exploration Costs or Mine Costs incurred to the end of the penultimate month preceding the month of the invoice.

Statements and ▇▇▇▇▇▇▇▇. 2.01 2.1 The Operator shall, by invoice, charge each Participant with its Proportionate Share of Exploration Explorations Costs and Mine Costs in the manner provided in sections 7 and 15 of the Agreement respectivelyAgreement. 2.02 2.2 The Operator shall deliver, with each invoice rendered for Costs incurred incurred, a statement indicating: (a) all charges or credits to the Joint Account relating to Controllable Material in detail; and (b) all other charges and credits to the Joint Account summarised summarized by appropriate classification indicative of the nature of the charges and credits. 2.03 2.3 The Operator shall deliver delivery with each invoice for an advance of Costs a statement indicating: (a) the estimated Exploration Costs or, in the case of Mine Costs Costs, the estimated cash disbursements, disbursements to be made during the next succeeding month; (b) the addition thereto or subtraction therefrom, as the case may be, made in respect of Exploration Costs or Mine Costs actually having been incurred in an amount greater or lesser than the advance which was made by each Participant for the penultimate month preceding the month of the invoice; and (c) the advances made by each Participant to date and the Exploration Costs or Mine Costs incurred to the end of the penultimate month preceding the month of the invoice.

Statements and ▇▇▇▇▇▇▇▇. 2.01 The Operator shall, by invoice, charge each Participant with its Proportionate Share Exploration Program Percentage or Mining Program Percentage, as applicable, of Exploration Costs and Mine Costs in the manner provided in sections 7 Sections 8 and 15 16 of the Agreement respectively. 2.02 . The Operator shall deliver, with each invoice rendered for Costs incurred a statement indicating: (a) all charges or credits to the Joint Account relating to Controllable Material in detail; and (b) all other charges and credits to the Joint Account summarised by appropriate classification indicative of the nature of the charges and credits. 2.03 , and the Operator shall provide to each Participant upon request, a copy of each invoice paid by the Operator that is in excess of $50,000. The Operator shall deliver with each invoice for an advance of Costs a statement indicating: (a) the estimated Exploration Costs or, in the case of Mine Costs Costs, the estimated cash disbursements, to be made during the next succeeding month; (b) the addition thereto or subtraction therefrom, as the case may be, made in respect of Exploration Costs or Mine Costs actually having been incurred in an amount greater or lesser than the advance which was made by each Participant for the penultimate month preceding the month of the invoice; and (c) the advances made by each Participant to date and the Exploration Costs or Mine Costs incurred to the end of the penultimate month preceding the month of the invoice.

Statements and ▇▇▇▇▇▇▇▇. 2.01 2.1 The Operator shall, by invoice, charge each Participant with its Proportionate Share of Exploration Costs and Mine Mines Costs in the manner provided in sections paragraphs 7 and 15 of the Agreement respectively.; 2.02 2.2 The Operator shall deliver, with each invoice rendered for Costs incurred a statement indicating: (a) all charges or credits to the Joint Account relating to Controllable Material ; andin detail; (b) all other charges and credits to the Joint Account summarised by appropriate classification indicative of the nature of the charges and credits; and (c) such additional information as may be reasonably necessary in order for the Participant to understand the nature of the charges and credits. 2.03 2.3 The Operator shall deliver with each invoice for an advance of Costs a statement indicating: (a) the estimated Exploration Costs or, in the case of Mine Costs Costs, the estimated cash disbursements, to be made during the next succeeding month; (b) the addition thereto or subtraction therefrom, as the case may be, made in respect of Exploration Costs or Mine Costs actually having been incurred in an amount greater or lesser than the advance which was made by each Participant for the penultimate month preceding the month of the invoice; and (c) the advances made by each Participant to date and the Exploration Costs or Mine Costs incurred to the end of the penultimate month preceding the month of the invoice.

Statements and ▇▇▇▇▇▇▇▇. 2.01 The Operator shall, by invoice, charge each Participant participant with its Proportionate Share proportionate share of Exploration Costs and Mine Costs in the manner provided in sections insect section 7 and 15 of the Agreement respectively. 2.02 The Operator shall deliver, with each invoice rendered for Costs incurred a statement indicating: (a) all charges or credits to the Joint Account relating to Controllable Material in detail; and (b) all other charges and credits to the Joint Account summarised summarized by appropriate classification classifications indicative of the nature of the charges and credits. 2.03 The Operator shall deliver with each invoice for an advance of Costs Costs, a statement statements indicating: (a) the estimated Exploration Costs or, in the case of Mine Costs Costs, the estimated cash disbursements, to be made during the next succeeding month; (b) the addition additional thereto or subtraction therefrom, as the case may be, made in respect of Exploration Costs or Mine Costs actually having been incurred in an amount greater or lesser than the advance which was made by each Participant for the penultimate month preceding the month of the invoice; and; (c) the advances made by each Participant to date and the Exploration Costs or Mine Costs incurred to the end of the penultimate month preceding the month of the invoice.