Exploration licences in effect for 10 years or less and that have been renewed at least once
5 Exploration licences in effect for 10 years or less and that have been renewed at least once
This clause applies—
to an exploration licence (other than a specified licence)—
that is in effect on the commencement of section 19 of the amending Act; and
Sch. 8 cl. 5(1)(a)(ii) substituted by No. 64/2012 s. 40(2).
that has been, at the time of that commencement, in effect for a period of 10 years or less and renewed at least once; and
whether or not an application has been made to renew that licence before the commencement of section 19 of the amending Act.
Subject to subclause (3), sections 31 and 32 apply to an application for the renewal of the exploration licence.
Despite section 31(5) and (6), and the periods specified in section 32(2) or (2A), the Minister may renew the exploration licence—
for one period that does not exceed 2 years; and
after that, for another period not exceeding 2 years but only if the Minister—
considers there are exceptional circumstances to warrant that renewal; and
is satisfied that there is a likelihood of the licensee identifying minerals in the land covered by the licence during the period for which the licence may be renewed.
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.