40Mineral lease

40 Mineral lease (1) A mineral lease is a mineral title that gives the title holder: (a) the right to occupy the title area specified in the ML; and (b) the exclusive right to: (i) conduct mining for minerals in the title area and other activities specified in section 44(1) and (2); or (ii) conduct activities in the title area that are ancillary to mining conducted under another ML granted to the title holder (for example, operating a treatment plant); or (iii) conduct tourist fossicking in the title area and the activity specified in section 44(3).

Mineral Titles Act 2010 25 (a) during the period the ML is in force; and (b) in accordance with this Act and the conditions of the ML.