Mining Exploration Partnership

Mining Exploration Partnership

The research agreement concluded between ONHYM and its partners sets out the conditions and procedures for carrying out a work program designed to highlight deposits and create a company to bring any discovered deposits into production.

Potential partner
Contact ONHYM
Signature of an eventual confidentiality agrement
Review of database
Confirmation of interest

Exploration Convention

Negotiation of the terms of the convention:

Delimitation of the mining domain (MD),WOrk Program, Planning,Financing,participation rate, Management Commitee (MC),Operator, evalution of works, Entity in charge of the exploitation, previous expenditures, Royalties.

General provisions:

Assignment to third panies, confidentiality. effective datearbitration, notification.....

ONHYM'S COMMITMENT

  • Providing documentation MD Contribution
  • Renewal & transformation of the MD
  • Annual Report prepared by the operator and transferred to the administration by ONHYM
  • Annual Report prepared by the operator and transferred to the administration by ONHYM
  • Obtaining permits

Operator's commitments (company or ONHYM)

  • Submit to the MC
  • Programs and budgets
  • Periodic reports (statuts of works,results, budget execution)
Signature of the convention
Approval by authorities
Execution of works
Evaluation of the results
Discovery of a deposit
Feasibility study (Positive Results)
ONHYM'S COMMITMENT
  • Transfer of the MD to the company (Article 16 & 17 of the Decree No. 2-15-807 for application of the Law 33-13 related to mines
  • Contribution to previous expenditures and expenditures of the convention.
  • Assistance in obtaining authorizations.
OPERATOR'S COMMITMENT CONTRIBUTION TO THE EXPENDITURES OF THE CONVENTION
Company's commitment Payment of annual royalties to ONHYM "Inventor of deposit"

Assignment of a mining prospect

The mining prospect assignment is an agreement between ONHYM and its partners to set the terms and conditions for the transfer of deposits.

Promoted Prospect
Launch of an international tender
Remittance of technical file and special reguirements"CPS"
Visit of the prospect
Reception of technical and financial offers and the administrative file
Evaluation of tenders and selection of the successful bidder

Negotiating contract's terms

Complete assignment

  • Transfer price
  • Payment modalities
  • Development plan
  • Royalty

Partial assignment

  • Participation rates
  • Conditions and modalities of participation
  • Development plan
  • Exploitation company and procedures of its management

ONHYM'S COMMITMENT

  • Assign the mining permits to the company (Article 16 & 17 of the Decree No. 2-15-807 for application of the Law 33-13 related to mines
  • Put documentation at the disposal of the company

Assignee's commitment:

  • Payment of the Transfer price to ONHYM
  • Execution of the development plan.
Signature of the contrat
Approval by authorities
Payment of the Transfer price to ONHYM
Creation of the exploitation company
Signature of a deed of assignment of the mining
Approval of the deed of assignment
Commitment of the company
CA Monitoring Reports if partial assignment