Sentences with phrase «exploration costs»

The fall - off in exploration spending has also drastically reduced exploration costs, and made high - quality exploration staff and contractors readily available for the first time in many years.

For example, according to the 2016 WEO, the NPS comprises 190 billion barrels not needed in the 450 scenario, potentially wasting $ 200bn in exploration costs, not to mention lost revenues.

Similarly, high exploration costs deterred explorers from seeking out new sources of zinc supply.

Sumitomo has the ability to earn 75 % ownership in the Cherry Creek project by spending a minimum of $ 10 million in direct exploration costs and delivering a full feasibility study, which can cost upwards of $ 25 to $ 40 million to complete.

The fact Circle's earnings are more than ploughed back into exploration costs also makes them somewhat academic (though they made good progress in closing the gap in their last interims).

Richland will take on all mining & exploration costs and, after a 40 % cost recovery, will split profits 60:40 in its favour.

Wrt the recently announced joint venture, if Richland gets 40 % cost recovery for mining and exploration costs they are effectively paying 60 % of costs and getting 60 % of profits which seems reasonable without having to pay any additional license fees.