New South Wales Consolidated Acts

MINING ACT 1992 - SECT 26

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.