sec.104Mandatory reduction of tenure area on renewal of exploration permit

sec.104 Mandatory reduction of tenure area on renewal of exploration permit

This section deals with the mandatory reduction of the tenure area covered by an exploration permit when the tenure is renewed. Subject to subsection (4) (b) , on each surrender day of an exploration permit, the tenure holder must surrender— 50% of the number of sub-blocks in the tenure area; or if 50% of that number of the sub-blocks is a whole number and a fraction—the next higher whole number of the sub-blocks. Subject to subsection (4) (a) , the sub-blocks that remain in the tenure area after a surrender under subsection (2) must form a discrete area. The Minister may give permission for— the surrender of sub-blocks in a tenure area, if the tenure area remaining after the proposed surrender would consist of not more than 3 discrete areas; or a tenure area to be reduced by less than 50%, if the Minister considers that there are special circumstances present in relation to the renewal application. (sec.104-ssec.1) This section deals with the mandatory reduction of the tenure area covered by an exploration permit when the tenure is renewed. (sec.104-ssec.2) Subject to subsection (4) (b) , on each surrender day of an exploration permit, the tenure holder must surrender— 50% of the number of sub-blocks in the tenure area; or if 50% of that number of the sub-blocks is a whole number and a fraction—the next higher whole number of the sub-blocks. (sec.104-ssec.3) Subject to subsection (4) (a) , the sub-blocks that remain in the tenure area after a surrender under subsection (2) must form a discrete area. (sec.104-ssec.4) The Minister may give permission for— the surrender of sub-blocks in a tenure area, if the tenure area remaining after the proposed surrender would consist of not more than 3 discrete areas; or a tenure area to be reduced by less than 50%, if the Minister considers that there are special circumstances present in relation to the renewal application.

• (a) 50% of the number of sub-blocks in the tenure area; or
• (b) if 50% of that number of the sub-blocks is a whole number and a fraction—the next higher whole number of the sub-blocks.
• (a) the surrender of sub-blocks in a tenure area, if the tenure area remaining after the proposed surrender would consist of not more than 3 discrete areas; or
• (b) a tenure area to be reduced by less than 50%, if the Minister considers that there are special circumstances present in relation to the renewal application.