93Effect of application for extension on term of licence

93 Effect of application for extension on term of licence

93 Effect of application for extension on term of licence

If:

(a) an exploration licence holder applies for an extension of the term of the licence under section 94 or 96, and

(b) the holder has also applied to renew the licence under section 101, and

(c) the extension application is not decided before the licence is due to expire,

then:

(d) the renewal application lapses, and

(e) the licence remains in force until:

(i) if the Minister extends the term of the licence under section 95 or 97 for a specified period, 30 days after the day on which that period ends, or

(ii) if the Minister refuses to extend the term of the licence under section 95 or 97, 30 days after the day on which the holder is given notice of the refusal under section 98.