AEE aura energy limited

Priority and binding legal force of the acts?, page-7

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    Are holders of Western Australian ”Prospecting Licence (P)” or an ”Exploration Licence (E)” the right to exploit of one or more minerals and dispose of the products extracted or separated from the field, in exclusivity, within a given area?

    No, a holder of a Western Australian ”Prospecting Licence” may enter onto land for the purpose of prospecting for minerals on a comparatively small scale. The holder of a Prospecting Licence may, in accordance with the licence conditions, extract or disturb up to 500 tonnes of material from the ground, including overburden, and the Minister may approve extraction of larger tonnages.

    No. a holder of a Western Australian ”Exploration Licence” authorises the holder only to explore for minerals within the area of the tenement. The holder of an Exploration Licence may, in accordance with the licence conditions, extract or disturb up to 1000 tonnes of material from the ground, including overburden, and the Minister may approve extraction of larger tonnages.

    Kind regards,
 
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