42BSpecial exploration licence

42B Special exploration licence

[Section 42B Inserted by No. 24 of 2013, s. 45, Applied:28 Jun 2013]

(1)  On granting an application for a licence, the Minister is to issue a special exploration licence.

(2)  A licence is to –

(a) be in an approved form; and

(b) include the following particulars:

(i) a description of the area of land comprised in the licence;

(ii) the total area of that land;

(iii) the minerals, or category of minerals, to which the licence relates;

(iv) the terms and conditions to which it is subject;

(v) the period for which it is in force.

(3)  A licensee is to pay rent to the Crown in respect of the land to which the licence relates at a prescribed rate and in a prescribed manner.