Rent is required to be paid within 1 month of the anniversary of the commencement of term.
- Rent is required to be paid within 1 month of the anniversary of the commencement of term.
- A form 5 Report on Operations - Expenditure on mining tenement is required to be lodged within 60 days of the anniversay of the commencement of term
- If minimum expenditure has not been met an application for exemption from expenditure commitment can be lodged within 60 days from the end of the period to which it relates
- A renewal of term (Form 9) can be lodged during the final year of the initial 21 year term on any mining lease and for further periods of 21 years. If you are seeking to renew a mining lease for the second time (i.e. to extend it beyond 42 years), then refer the Procedure for applying for a second renewal.
- A mining proposal needs to be approved by Environment Div
- Mining Rehabilitation Fund
In some cases bonds may be applied to mining leases.