Someone posted a link to the Department of Mines act/guidelines and I found this clause to be of interest.
The aim of this forfeiture process is to allow someone else better suited to spending money on exploration or mining to obtain a lease or licence over the area, so that they may exploit those minerals to the overall benefit of the State. As such, it is often said that there is a public interest or benefit in forfeiture proceedings under the Mining Act which are part of the “use it or lose it” and “ground turnover” principles and industry self-regulation enshrined in the Mining Act.12
It sums up the intention for the clause. Basically use it or lose it. If a company won't act, then the department has the mechanism to move it to a company that will.
I believe that KDR has show every intention to explore, prove and mine the tenements. Therefore, the ministers decision is very likely to fall KDR's way.
KDR Price at posting:
$1.12 Sentiment: Hold Disclosure: Held
