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Other Exploration
Allied
Nevada holds approximately 100 Early-stage Exploration
Properties located throughout the State of Nevada. Based on
filing fees and property tax payments, we hold approximately
7,600 unpatented mining claims in Nevada. These properties
generally do not have sufficient drilling or geologic
investigation to define mineralized material. These may also
include properties for which Allied Nevada does not have
significant controlling interest or joint venture interest.
Certain of these properties have been optioned and/or leased
to other exploration companies for production royalties
averaging approximately 3% advance minimum royalties and, on
some of the properties, work commitments. We intend to pursue
strategic options for these and the remaining grassroots
exploration properties that could include further development
through exploration programs, joint ventures, royalty agreements
or the sale or release of the property.
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