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Expenditure Rates

Tenement Compliance -

EXPLORATION AND MINING LICENCES-MINERAL RESOURCES (SUSTAINABLE DEVELOPMENT) ACT 1990

The expenditure rates are shown below:

1) Exploration Licences

The minimum expenditure for each year is (a x b) + c, where:
a = the $ amount per km2 or GDA94 graticular section
b = the number of km2 or GDA94 graticular sections
c = the fixed $ expenditure

YEAR OF LICENCE

METALLIC* MINERAL

$ per km2 or $ per GDA94 graticular section

NON-METALLIC**

MINERAL

$ per km2 or $ per GDA94 graticular section

FIXED EXPENDITURE

1

$150

$75

$15,000

2

$200 (or $150***)

$120 (or $100***)

$15,000

3

$200

$120

$15,000

4

$200

$120

$15,000

5

$300

$150

$15,000

6 to 10

$500 (or $300***)

$250 (or $150***)

$15,000

11 plus

$1,000 (or $300***)

$500 (or $150***)

$15,000

* eg gold, silver, lead, zinc, silver, antimony, diamonds
**eg mineral sands, gypsum, diatomite, kaolin, peat, feldspar
**Rate applicable to exploration licences granted as a ‘strategic licence’ surrounding an existing mining licence operation

Note: - EL’s applied for before 1 July 2005 are calculated using a $ per Km2 rate

- EL’s applied for after 1 July 2005 are calculated using a $ per Km2 rate

- EL's applied for after 1 July 2005 are calculated using a $ per GDA94 graticular rate (refer to the Earth resources online store for further details of the GDA94 survey standards)

2) Mining Licences

METALLIC* MINERAL (excluding underground operations - see table below)

AREA OF LICENCE

EXPENDITURE

5 hectares or less

$15,000 per annum

Greater than 5 hectares and up to 10 hectares

$20,000 per annum

 

NON-METALLIC** MINERAL

AREA OF LICENCE

EXPENDITURE

5 hectares or less

$5,000 per annum

Greater than 5 hectares

$10,000 plus $200 per hectare per annum

 

Note: Expenditure requirements do not apply to a licence for the mining of gypsum.

* eg gold, silver, lead, zinc, silver, antimony, diamonds **eg mineral sands, gypsum, diatomite, kaolin, peat, feldspar

UNDERGROUND METALLIC MINERAL OPERATION

AREA OF LICENCE

EXPENDITURE

5 hectares or less

$14,000 per annum

Greater than 5 hectares to 10 hectares

$19,000 per annum

Greater than 10 hectares to 25 hectares

$22,000 per annum

Greater than 25 hectares

$850 per hectare per annum

 

The MRSDA -section 14(6) allows a mining licensee to conduct mineral ‘exploration only’ for a specified period of up to two years. The following table relates to this case.

EXPLORATION ON A MINING LICENCE (METALLIC AND NON-METALLIC)
(Multiply the number of hectares by the “$ per hectare” rate and add to the “Fixed Expenditure” rate)

AREA OF LICENCE

FIXED EXPENDITURE

$ PER HECTARE

5 hectares or less

$15,000

-

Greater than 5 hectares and up to 260 hectares

$15,000

100

Greater than 260 hectares

$20,000

$150