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OFFSHORE MINERALS ACT 1994 No. 28, 1994 - SECT 129
Automatic expiry of exploration licence when mining licence takes effect
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.
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