126General

126 General

An exploration licence expires if: (a) the term of the licence ends without the licence being renewed; or (b) the licence holder surrenders the licence; or (c) a retention licence is granted over the blocks in the licence area of the exploration licence; or (d) a mining licence is granted over the blocks in the licence area of the exploration licence; or (e) the licence is cancelled.

Note: For paragraph (a) see Division 6. For paragraph (b) see section 127. For paragraph (c) see section 128. For paragraph (d) see section 129. For paragraph (e) see section 130.