48Holder of exploration licence or lease may permit other person to apply for retention licence

48 Holder of exploration licence or lease may permit other person to apply for retention licence

[Section 48 Substituted by No. 24 of 2013, s. 56, Applied:28 Jun 2013]

(1)  The holder of an exploration licence or a lease may, by notice in writing to another person, consent to the other person applying, either alone or in conjunction with the holder, for a retention licence that is to relate to both –

(a) a mineral, or a category of minerals, specified in an exploration licence or lease; and

(b) any area of land comprised in that exploration licence or lease.

(2)  A person to whom a notice of consent is given under subsection (1) is to provide the Registrar with a copy of that notice within 14 days of the date of the notice.