Northern Territory Consolidated Acts Northern Territory Consolidated Acts31A. Substitution of exploration licence
(1) Apart from Parts XIA and XIB as applicable, nothing in this Act prevents -
(a) the holder of 2 or more exploration licences, the licence areas of which have a common side or point; or
(b) the holder of an exploration licence, with the consent in writing of the holder of another exploration licence, the licence areas of which have a common side or point,
applying for the grant of, and the Minister granting, an exploration licence in substitution for those exploration licences.
(2) An application under subsection (1) shall be in a form approved by the Minister and accompanied by the prescribed fee.
(3) On receipt of an application under subsection (1) the Minister may grant the exploration licence.
(4) An exploration licence granted under this section -
(a) may be granted in respect of all or part of the licence areas to which the application under subsection (1) relates; and
(b) shall remain in force for a term not exceeding 4 years,
as is specified in the licence.
(5) On the grant of an exploration licence under this section the exploration licences to which the application under subsection (1) relates are, notwithstanding that the grant may be in respect of part only of those licence areas, automatically cancelled.