MINERAL TITLES ACT 2010 (NO 27 OF 2010) - SECT 40 Mineral lease

MINERAL TITLES ACT 2010 (NO 27 OF 2010) - SECT 40

    (1)     A mineral lease is a mineral title that gives the title holder:

    (a)     the right to occupy the title area specified in the ML; and

    (b)     the exclusive right to:

        (i)     conduct mining for minerals in the title area and other activities specified in section 44 (1) and (2); or

        (ii)     conduct activities in the title area that are ancillary to mining conducted under another ML granted to the title holder (for example, operating a treatment plant); or

        (iii)     conduct tourist fossicking in the title area and the activity specified in section 44(3).

    (2)     The rights of the title holder may be exercised only:

    (a)     during the period the ML is in force; and

    (b)     in accordance with this Act and the conditions of the ML.