OFFSHORE MINERALS ACT 1994 - SECT 126 General
OFFSHORE MINERALS ACT 1994 - SECT 126
GeneralAn exploration licence expires if:
(a) the term of the licence ends without the licence being renewed; or
(b) the licence holder surrenders the licence; or
(c) a retention licence is granted over the blocks in the licence area of the exploration licence; or
(d) a mining licence is granted over the blocks in the licence area of the exploration licence; or
Note: For paragraph ( a) see Division 6. For paragraph
( b) see section 127. For paragraph ( c) see section
128. For paragraph ( d) see section 129. For paragraph
( e) see section 130.