86Preparation of proposed lease

86 Preparation of proposed lease

86 Preparation of proposed lease

(1) The Minister may (on the application of the holder of the leases concerned or otherwise) cause a proposed lease to be prepared for the purpose of consolidating 2 or more existing leases.

(2) A proposed lease must specify—

(a) the existing leases to be consolidated, and

(b) the mineral or minerals in respect of which the proposed lease is to be granted, and

(c) the period for which the proposed lease is to be granted, and

(d) the conditions on which the proposed lease is to be granted,

and must have attached to it a description, prepared in the manner prescribed by the regulations, of the land over which the lease is to be granted.