Letter of adviceQuestion 1Exploration Licence 1234 (EL 1234) was first granted to Paramount...

Question

Letter of adviceQuestion 1Exploration Licence 1234 (EL 1234) was first granted to Paramount Exploration Company (PEC) on 12 February 2002 over an area of 1600 hectares. PEC carried out prospecting operation over EL 1234 for approximately 5 years before discovering a large gold reserve in the south eastern corner of the EL area.PEC intends to lodge an application for development consent in the near future to enable it to carry out gold mining within EL 1234. However, during the exploration phase PEC has realised that there are significant gold reserves immediately adjacent to the south east corner of EL 1234 which would allow it to build a bigger and better mine (Giant Mine). For this reason, PEC would also like to get a mining lease over this additional area of land to carry out mining operations.PEC has specifically requested advice regarding:1 the process for obtaining a mining lease over the additional area outside of EL 1234;2 factors that the decision making will take into account in granting a tenement for this additional area; and3 whether PEC should apply for an assessment lease until development consent is granted for the Giant Mine, and if so what are the advantages and disadvantages of doing so.this is my assessment case due 4pm 11 September tomorrow. It should be based on legislation of NSW, Australia. Can you do this before 3pm tomorrow? if you can How much would be it?words around 1500

David · Accepted Answer

The Process For Obtaining A Mining Lease Over The Additional Area Outside Of EL 1234 
Any person who has got adequate experience in mining and exploration can apply for an 
exploration license. An application which is relates to land having mineral in a mineral allocation 
area may not be made it to public until there is the consent of the Minister’s. An application for 
an exploration license must specify the group or groups of minerals, in respect of which the 
application is made, and to be lodged with the Secretary (Davis, R., Officer, A., Patching, A. E., 
McDonald, N. R., Harrington, Q. A., Parken, S. K., ... & Eccles, S., 2014; Zhang, A., & Moffat, 
K., 2015). The application must be accompanied by the required information and the application 
fee prescribed by the regulations. If the application is for an exploration (mineral owner) license 
with respect to privately owned minerals which have more than one owner, the application needs 
to be furnished with information related to all the owners.  
If the applicant wants to lease over the additional area outside of EL then he has to make an 
application separately requesting for an exploration (van der Plank, S., Walsh, B., & Behrens, P., 
2016; Davis, R., Officer, A., Patching, A. E., McDonald, N. R., Harrington, Q. A., Parken, S. K., 
... & Eccles, S., 2014). Once the application reaches to the approving authority it will take 14 
days (or as prescribed by the regulations, as there are variance on case to case basis) after 
lodging an application for an exploration license to get issued. The applicant must published and 
circulate the notice of the application by published in a newspaper or newspapers circulating 
generally in the State and in at least one newspaper circulating in the locality of the proposed 
exploration area . The notice must state that an application for an exploration license has been 
lodged, it should contain a detailed plan of the proposed exploration area, and comply with any 
other requirements that are prescribed by the regulations (Thomas, N., & Dougherty, T., 2014).  
If a person applies for the grant or renewal of a mineral owner authority in relation to particular 
land previously and that application is refused or declined due to any reason, the same applicant 
will not be allowed to make any further application within two years from the date of his 
previous application (Kirsch, P., Kirsch, A., Calderon, A., Marling, G., Harris, J., Shi, M., & 
Sprott, D., 2014). In such case it can be obtained a license only if the Minister’s consent yes, in 
such case the existing rule can be overruled.
Any application under this section is subject to the following requirements. The application must 
be for a purpose with valuable proposal, as prescribed by the regulations,

Letter of advice Question 1 Exploration Licence 1234 (EL 1234) was first granted to Paramount Exploration Company (PEC) on 12 February 2002 over an area of 1600 hectares. PEC carried out prospecting...

Solution

Answer To This Question Is Available To Download

Related Questions & Answers

Submit New Assignment