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Amalgamating and Relinquishing Exploration Licences

Mineral Resources (Sustainable Development) Act 1990 (MRSDA) Section 36 and Sections 38A(1), (2), (2A) and (2B)

Relinquishment

1. During the life of an exploration licence, the area covered by the licence must be reduced by:

  • At least 25% on the second anniversary of granting the licence; and
  • At least a further 35% of the area as originally granted, on the fourth anniversary; and
  • At least a further 20% of the area as originally granted, on the seventh anniversary; and
  • At least a further 10% of the the area as originally granted, on the tenth anniversary.
2. If two or more exploration licences are held, the licensee may, for the pruposes of relinquishment, request that the area covered by the combined licences be considered as a single area.
3. If two or more exploration licenses are held, and share common boundaries, the licensee may, prior to relinquishment, request that the licences are amlgamated into a single licence.
4. The relinquishment of an area cannot be waived, but may at the request of the licensee, be deferred.

Amalgamation

A licensee may request that two or more licences are amalgamated into single licence, with the earlier licence becoming the on-going. All others will be cancelled.

Licences that have different Native Title Status cannot be amalgamated.

Amalgamation may be considered where:

  • Licences are of the same relinquishment status (refer to scenario 1- below)
  • Licences have not passed the fourth, seventh or tenth anniversary and have a different relinquishment status. The licensee must agree that prior to amalgamation, each licence has the same relinquishment status (refer to scenario 2 below).
  • A licence that has passed the fourth, seventh or tenth anniversary will only be considered for amalgamation with a licence of a different relinquishment status if exceptional circumstances can be demonstrated (refer to scenario 3 below).

Chart showing Exploration Licence Relinquishment/Amalgamation Policy for three Scenarios over 5 years.