11Geothermal exploration permit

11 Geothermal exploration permit (1) A geothermal exploration permit is an instrument that: (a) gives the permit holder: (i) the right to occupy the permit area; and (ii) the exclusive right to conduct exploration for geothermal energy resources in the permit area; and (2) The rights of the permit holder may by exercised only in accordance with the conditions of the permit. (3) The permit remains in force: (a) for 5 years after the date it is granted or renewed; or (b) if it is surrendered or cancelled before that time – until the surrender or cancellation takes effect.