33Application for designation of EL as ELR

33 Application for designation of EL as ELR (1) Before the end of the term of an EL, the title holder may apply in the approved form to the Minister for the EL to be designated as an exploration licence in retention in relation to: (a) all of the title area of the EL; or (b) one or more parts of the title area of the EL. (2) The title holder may apply for the designation only if: (a) an ore body or anomalous zone of possible economic potential has been found in the proposed title area of the ELR; and (b) the title holder reasonably believes that mining minerals in the proposed title area: (i) is not currently commercially viable; or (ii) may be currently commercially viable but further work is required for assessing its feasibility. (3) The application must include the following information: (a) a description of the proposed title area of the ELR; (b) a technical work program for the proposed title area for the first operational year of the ELR. Notes for section 33 Mineral Titles Act 2010 22