137Application for retention licence

137 Application for retention licence

137 Application for retention licence

(1) An exploration licence holder may apply to the Minister for a retention licence over blocks within the exploration licence area.

(2) A person may apply for a retention licence over a group of blocks only if:

(a) the group forms a discrete area, and

(b) there are not more than 20 blocks in the group.

(3) The exploration licence holder may apply for 2 or more retention licences over different parts of the exploration licence area.