Rights and obligations extended upon application for mining lease
215 Rights and obligations extended upon application for mining lease
The holder of a mineral development licence who, during the term of the licence makes application for the grant of a mining lease for any part of the area of the licence, shall, during the period from the expiration of the licence until the determination of the application, for so long as the provisions of this Act and the terms and conditions that would apply if the licence were current are complied with, have all the responsibilities, powers, authorities and duties that the holder would have had for the part of the area the subject of the application if the licence was current but during that period no rental shall be payable under this part for the part of the area the subject of the application.
The entitlements of the holder of a mineral development licence are not reduced or limited by reason only of the holder’s application for the grant of a mining lease for any part of the area of a mineral development licence.
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