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Retention licence application process

retention-licence-process

Applying for a retention licence

Mineral exploration and mining in Victoria is regulated under the Mineral Resources (Sustainable Development) Act 1990.

Applicants for a retention licence need to provide the following information:

  • A map showing the boundaries of the application area, inlc private land and Crown land (scale 1:25,000 or larger).
  • A mineralisation report
  • A description of the mineral resource indicating it has been proved to an accepted standard and that it is economically viable to mine
  • Details of the program work program including:
    • proposed activities (in-fill drilling, bulk sampling etc)
    • indication of location and focus of the proposed activities with maps, where practicable
    • mineral resource assessment and technical and/or economic studies
    • estimated timing schedule
    • evidence that the scale and outline of the work and the proposed expenditure is commensurate with the size of the mineral resource
  • Evidence of experience in exploration and mining and expertise in project evaluation and development activities
  • An estimate of the likely expenditure on the work program
  • Evidence of the financial capacity to fund the program
  • Evidence of being a fit and proper person

If the application includes Crown land, the applicant is required to comply with the Native Title Act 1993 (Cwth) or the Traditional Owner Settlement Act 2010.

Licence progression to mining in Victoria

retention-licence-progression

Key features of retention licences

  • A retention licence is an optional licence between exploration and mining stages
  • Provides secure tenure in the absence of mining with no compulsory licence
  • Requires compliance with an agreed work program - work towards raising mineralisation and establishing economic viability
  • Maximum licence term is 10 years
  • Licence renewals possible if compliant with work program
  • Applicants and/or licensees may refer a dispute to the Mining Warden