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MINING ACT 1992 - SECT 26
Conditions of exploration licence
26 Conditions of exploration licence
(1) An exploration licence may be issued subject to conditions or
unconditionally.
(2) Without limiting the generality of subsection (1), the
conditions of an exploration licence may include any of the following: (a) a
condition requiring the holder of the licence to pay royalty to the Minister
on any minerals recovered under the licence (but only if it is not an
exploration (mineral owner) licence),
(b) a condition with respect to cores
and samples obtained in the course of drilling.
(3) Part 14 applies to
royalty payable under a condition referred to in subsection (2) (a) in the
same way as it applies to royalty payable on a mineral recovered under a
mining lease.
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