Land the subject of exploration licence not to be again marked out for a certain period
69 Land the subject of exploration licence not to be again marked out for a certain period
When an exploration licence is surrendered or forfeited, or expires, or any part of the land the subject of the licence is surrendered in accordance with section 65, the land the subject of the licence or the part so surrendered shall not be marked out or applied for as a prospecting licence or an exploration licence —
by or on behalf of the person who was the holder of the exploration licence immediately prior to the date of the surrender, forfeiture or expiry; or
by or on behalf of any person who had an interest in the exploration licence immediately prior to that date; or
by or on behalf of any person who is related to a person referred to in paragraph (a) or (b),
within a period of 3 months from and including that date.
For the purposes of subsection (1) the holding of shares in a listed public company which held the exploration licence in question does not of itself constitute an interest in the exploration licence.
[Section 69 amended: No. 100 of 1985 s. 48; No. 22 of 1990 s. 21; No. 15 of 2002 s. 14; No. 39 of 2004 s. 18.]
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