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PROSPECTING AGREEMENT WITH USUFRUCT OPTION BETWEEN MINERAL EAR S.A. AND GRU PO MINERS LOS BORIS S.A. (In the bottom left corner and on the first nine pages of the document there appear two illegible
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A prospecting agreement is a legal agreement between a company or individual, known as the prospector, and the owner or governing authority of a property, allowing the prospector to explore and search for valuable resources or minerals on the specified property.
The prospector or the company undertaking the prospecting activities is required to file the prospecting agreement with the owner or governing authority of the property.
Filling out a prospecting agreement involves providing detailed information about the prospector(s), the property, the purpose of the prospecting activities, duration, compensation terms, environmental considerations, and any other relevant information as required by the governing authority or applicable laws.
The purpose of a prospecting agreement is to establish the terms and conditions under which a prospector is allowed to explore a property for valuable resources or minerals. It helps define the rights, obligations, and responsibilities of both parties involved and ensures a legal framework for prospecting activities.
The prospecting agreement must include information such as the names and contact details of the prospector(s) and the property owner or governing authority, the location and boundaries of the property, the duration of the agreement, compensation or royalty terms, environmental and safety considerations, and any other relevant information required by the governing authority.
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