Retention licence application process
Applying for a retention licence
Mineral exploration and mining in Victoria is regulated under the Mineral Resources (Sustainable Development) Act 1990 and the Mineral Resources Development Regulations 2002.
When applying for a retention licence, applicants will need to provide the following information:
- A map of scale 1:25,000 or larger showing the boundaries of private land and Crown land.
- A mineralisation report which includes the exploration results in relation to the described
- mineral resource and notes whether the resource is economically viable to mine
- Details of the program work program including:
- proposed exploration program (in-fill drilling, bulk sampling etc)
- the location and focus of the proposed exercises with location maps
- mineral resource assessment and technical and/or economic studies
- an estimated timing schedule of the work program
- 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
- A description of the mineral resource that indicates whether the resource has been proved to a JORC inferred status, a JORC indicated status or an alternative and accepted standard
- Evidence of the financial capacity to fund the estimated expenditure
- Evidence of being a fit and proper person
- An estimate of the likely expenditure on the work program.
If the application includes Crown land, the applicant is required to comply with the Native Title Act 1993 Cth (NTA) and/or the Traditional Owner Settlement Act 2010 (VIC).
Licence progression to mining in Victoria
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 license
- 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