99Voluntary surrender of blocks if discrete area remains

99 Voluntary surrender of blocks if discrete area remains

99 Voluntary surrender of blocks if discrete area remains

(1) An exploration licence holder may surrender a block or some of the blocks covered by the licence if the remaining blocks in the licence area form a discrete area.

Note—

See section 127 for the surrender of the whole licence.

(2) A surrender under subsection (1) must:

(a) be made in writing, and

(b) identify the blocks surrendered, and

(c) be given to the Minister.

Note—

The surrender takes effect when it is registered under section 337 (see section 337 (5)).