27
In forceTerm of exploration licence
Part 3Exploration licences
Division 3Granting of exploration licences
27 Term of exploration licence
An exploration licence—
(a)
takes effect on the date on which it is granted or on such later date, or on the occurrence of such later event, as the decision-maker may determine, and
(b)
ceases to have effect on the expiration of—
(i)
2 years after the date on which it took effect, in the case of an exploration (mineral owner) licence, or
(ii)
such period (not exceeding 6 years) as the decision-maker determines, in the case of any other exploration licence.
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.