OFFSHORE MINERALS ACT 1994 - SECT 129 Automatic expiry of exploration licence when mining licence takes effect

OFFSHORE MINERALS ACT 1994 - SECT 129

    If:

  (a)   an exploration licence is in force under this Act; and

  (b)   the Joint Authority provisionally grants a mining licence over all or some of the blocks in the exploration licence area; and

  (c)   the provisional grant of the mining licence is properly accepted; and

  (d)   the mining licence comes into force;

the exploration licence expires in relation to the blocks covered by the mining licence.