Step 8. Licence granted - Retention Licence

Rent is required to be paid within 1 month of the anniversary of the commencement of term (date of grant).
  • A form 5 Report on Operations - Expenditure on mining tenement is required to be lodged within 60 days of the anniversary of the commencement of term (grant date).
  • An extension of term(Form 9) can be lodged during the final year of the initial term any retention licence and can be extended for further periods
  • Program of Works to be submitted to Environment Division.
  • Mining Rehabilitation Fund

In some cases bonds may be applied to retention licences.