Northern Territory Consolidated Acts

MINING ACT - SECT 43

Subject to this Part, an exploration retention licence authorizes the holder thereof, subject to the law in force in the Territory, and in accordance with the conditions to which the licence is subject -

(a) to carry out on or in respect of the licence area such geological, geophysical and geochemical programmes and other operations and works as are reasonably necessary to evaluate the development potential of any ore body or anomalous zone of possible economic potential occurring in or on the land, including the carrying out of -

(i) mining feasibility studies;

(ii) metallurgical testing;

(iii) environmental studies;

(iv) marketing studies; and

(v) engineering and design studies; and

(b) to surrender the licence at any time Conditional on the grant to the licensee of a mineral lease or mineral claim over all or part of the licence area.