sec.73Required level of knowledge for a deposit of coal or oil shale

sec.73 Required level of knowledge for a deposit of coal or oil shale

For the 2004 Act , section 318 (1) (c) , the level of knowledge about a deposit of coal or oil shale in the land is— at least 20% of the area of the deposit must be a reserve under the relevant code; and the remainder of the deposit must be an indicated or measured resource under the relevant code. See the 2004 Act , section 318 (4) for the meaning of relevant code . The estimate of reserves and resources made for subsection (1) must comply with the relevant code. The document called ‘Australian guidelines for the estimation and classification of coal resources’ (2014) published by the Coalfields Geology Council of New South Wales and the Queensland Resources Council must be considered for determining the amount of data required to make the estimate for a deposit of coal. This document may be inspected free of charge at the office of the department notified on the department’s website. (sec.73-ssec.1) For the 2004 Act , section 318 (1) (c) , the level of knowledge about a deposit of coal or oil shale in the land is— at least 20% of the area of the deposit must be a reserve under the relevant code; and the remainder of the deposit must be an indicated or measured resource under the relevant code. See the 2004 Act , section 318 (4) for the meaning of relevant code . (sec.73-ssec.2) The estimate of reserves and resources made for subsection (1) must comply with the relevant code. (sec.73-ssec.3) The document called ‘Australian guidelines for the estimation and classification of coal resources’ (2014) published by the Coalfields Geology Council of New South Wales and the Queensland Resources Council must be considered for determining the amount of data required to make the estimate for a deposit of coal. This document may be inspected free of charge at the office of the department notified on the department’s website.

• (a) at least 20% of the area of the deposit must be a reserve under the relevant code; and
• (b) the remainder of the deposit must be an indicated or measured resource under the relevant code.