New South Wales Consolidated Acts

MINING ACT 1992 - SECT 15

15 Tenders

(1) A tender for an exploration licence:

(a) must be lodged with the Director-General in accordance with the invitation for the tender, and

(b) must be accompanied by the required particulars, and

(c) must be accompanied by the appropriate lodgment fee.

(2) The required particulars are as follows:

(a) particulars of the financial resources available to the tenderer,

(b) particulars of the technical advice available to the tenderer,

(c) particulars of the program of work proposed to be carried out by the tenderer on the land over which the exploration licence is sought,

(d) particulars of the estimated amount of money that the tenderer proposes to expend on prospecting.

(3) A tender may specify that, in the event that the tender is successful, the tenderer will pay a specified amount in addition to the cash reserve price (if any) specified in the invitation for the tender.

(4) A tender may be made in respect of the whole or any part of the land described in the invitation for the tender.