Northern Territory Consolidated Acts Northern Territory Consolidated Acts26. Reduction of licence area
(1) Subject to this section and to section 28, at the conclusion of the first 24 months of an exploration licence or the first 12 months of an exploration licence granted under section 31A and each succeeding period of 12 months after that date, the licence area shall be reduced so that the number of blocks to be retained in the licence area for the ensuing 12 months is not more than half the number of blocks contained in the licence area at the commencement of the first 24 months period or subsequent 12 months period, as the case may be, immediately concluded.
(2) Where the number of blocks in a licence area at the beginning of the first 24 months period or subsequent 12 months period, as the case may be, before the relevant date referred to in subsection (1) is not divisible by 2, in calculating under subsection (1) the number of blocks to be retained for the ensuing 12 months, the number of blocks at the commencement of the relevant period shall be increased by one then divided by 2.