138How to apply

138 How to apply

138 How to apply

(1) The application must:

(a) be made in accordance with the approved form, and

(b) be made in the approved manner, and

(c) specify the blocks for which the application is made, and

(d) include details of:

(i) the reasons why the applicant is applying for a retention licence rather than a mining licence, and

(ii) the mineral deposit that the applicant has identified and evaluated and that the applicant believes is commercially viable in the longer term, and

(iii) the applicant’s assessment of the present and potential commercial viability of the mineral deposit, and

(iv) the overall work program that the applicant has already carried out under the exploration licence on the blocks covered by the application, and

(v) the amount of money that the applicant has already spent under the exploration licence on and in connection with the blocks covered by the application, and

(vi) the activities that the applicant intends to carry out on the blocks covered by the application, and

(vii) the amount of money that the applicant intends to spend on and in connection with those activities, and

(viii) the technical qualifications of the applicant and of the applicant’s employees who are likely to be involved in activities authorised by the licence, and

(ix) the technical advice available to the applicant, and

(x) the financial resources available to the applicant, and

(e) be accompanied by maps that:

(i) relate to the blocks, and

(ii) comply with the regulations, and

(f) specify an address for service of notices under this Act and the regulations.

Note—

For paragraphs (a) and (b) see section 41.

(2) The mineral deposit details given under subsection (1) (d) (ii) must include: