Holder of exploration licence with retention status may be required to apply for mining lease
69E Holder of exploration licence with retention status may be required to apply for mining lease
The Minister may at any time, by notice in writing, require the holder of an exploration licence that has retention status to show cause why a mining lease should not be applied for in respect of the whole or any part of the land the subject of the exploration licence.
Where —
the holder of an exploration licence fails to show cause within the time specified in the notice referred to in subsection (1); or
the Minister is of the opinion that the holder of an exploration licence has shown insufficient cause,
the Minister may, by notice in writing, require that holder to apply in accordance with this Act for a mining lease in respect of the whole or any part of the land the subject of the exploration licence within a period of 60 days from the giving of that notice.
[Section 69E inserted: No. 39 of 2004 s. 24.]
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