Form 5 and Exemption from Expenditure (WA)

Form 5 and Expenditure

The relevant sections of the Mining Act and Regulations that govern of the Form 5 compliance are sections 51, 68, 70H, 82, and 115A and regulations 16, 22, 23 e, 32, 96B and 96C.

Regulation 21 Expenditure requirements of exploration licences

The Operations Report - Expenditure on Mining Tenement is lodged annual within 60 day of the anniversary date, online or by a report (link to Form 5 Operations Report). The DMP is seeking to make it compulsory to lodge expenditure online.

At the end of the Form 5 are instructions what can be included in each| Expenditure Conditions ...]] expenditure category. The Wardens in numerous cases have stipulated what can be included as expenditure, see Hunt and Humphrey for further elaboration.

Mining Law in WA, M Hunt

Operations Reports-Expenditure on Mining Tenements

Policy Guidelines for Auditing Operations Report

Exemption from Expenditure

Group Expenditure.........

Applying for an Exemption

Policy Guidelines Exemption from Expenditure

Under the s102 of the Mining Act an exemption from expenditure may be granted for the following reasons:

1. The title to the mining tenement is in dispute: s102(2)(a).
2. Time is required to evaluate work done, to plan future exploration or mining or to raise capital: 102(2)(b).
3. Time is required to purchase and erect plant and machinery: 102(2)(c).
4. The ground the subject of the tenement is for any sufficient reason unworkable: s102(2)(d).
5. .......s102(2)(e)The ground the subject of the mining tenement contains a mineral deposit which is uneconomic but may become economic or market problems make the mining enviable: s102(2)(e).
6. The ground of the mining tenement contains ore required to sustain future operations of an existing or proposed mining operation:s102(2)
7. Political, environmental or other difficulties in obtaining requisite approvals prevent mining or restrict it in a manner that is, or subject to conditions that are impracticable: s102(2)(g)