Mineral Resources Development Act 1995
24Term of exploration licence
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24 Term of exploration licence
[Section 24 Amended by No. 24 of 2013, s. 22, Applied:28 Jun 2013] A licence, unless revoked earlier or unless the term of the licence is extended under section 25 , is in force–
(a) for a period of 5 years from the date on which the application is granted, in respect of Category 1, 2 and 3 minerals; or
(b) [Section 24 Amended by No. 24 of 2013, s. 22, Applied:28 Jun 2013] for a period the Minister determines from the date on which the application is granted, in respect of Category 4 minerals; or
(c) [Section 24 Amended by No. 24 of 2013, s. 22, Applied:28 Jun 2013] for a period of 5 years from the date on which the application for the licence is granted, in respect of Category 5 minerals or Category 6 minerals.