186Caveats under agreement

186 Caveats under agreement

(1)  If the holder of a mineral tenement or an applicant for a lease enters into an agreement with any person for the sale of any interest in the mineral tenement or application, either party may lodge a caveat.

(2)  A caveat under subsection (1) is to be –

(a) in accordance with section 183 (2) ; and

(b) accompanied by a copy of the agreement.

(3)  A caveat lodged under this section remains in force –

(a) for the period specified in the agreement, unless sooner withdrawn by the consent of the parties; or

(b) until removed by order of the Mining Tribunal.