Exploration licences in effect for more than 10 years
6 Exploration licences in effect for more than 10 years
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. 6(1)(a)(ii) amended by No. 64/2012 s. 40(3).
that has been, before or at the time of that commencement, in effect for a period of more than 10 years; 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—
as many times as is necessary so that the aggregate number of years that the exploration licence is renewed does not exceed 2 years; and
after that, for a 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.
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