Area Reductions (QLD)
The holder must reduce the size of of an EPM by 40% after 3 years and 50% at 5 years then after the renewal 40% after 3 years and 50% at 5 years. This is unless the Minister decides otherwise. Submissions must be made at least 20 business days (28 days) before the stipulated time or shorter period if the Minister allows s139 MRA.
Under s139(3) of the MRA the holder may apply to the Minister and "If the Minister so directs on reasonable grounds, the reduction of the area of a particular exploration permit may be more or less than" .required