Land subject of retention licence not to be again marked out for certain period
70N Land subject of retention licence not to be again marked out for certain period
Where a retention licence is surrendered or forfeited, or expires, the land the subject of the retention licence or any part of that land 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 retention licence immediately prior to the date of the surrender, forfeiture or expiry; or
any person who had an interest in the retention licence immediately prior to that date,
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 retention licence in question does not of itself constitute an interest in the retention licence.
[Section 70N inserted: No. 37 of 1993 s. 10(1).]
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